How to Diversify Your Association's Revenue Stream

How to Diversify Your Association's Revenue Stream

Fundraising and Nondues Revenue May 4, 2015 By: Octavio B. Peralta

For years the Association of Development Financing Institutions in Asia and the Pacific relied on membership dues for three-quarters of its revenue. But, by adding in new nondues revenue streams and other savings, it made ADFIAP a more sustainable organization.

For many years, my organization, the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), was heavily relying on membership dues for the majority of its revenue. In fact, when I took over as secretary general in 2005, the membership dues were responsible for 75 percent of our revenue. Not only did I think this number was way too high, but I also thought that it was not at all sustainable for an association like us. ...