| Background
Traditionally, civil society organizations rely on the goodwill and generosity of others to cover the costs of their activities through grants and donations. Today, unfortunately, civil society organizations find that such traditional funding sources are often insufficient to meet growing needs and rising costs. In addition, restrictions imposed on many grants and donations, along with the uncertainty of these funds over time, make it difficult for civil society organizations to do long-term planning, improve their services or reach their full potential. When the costs of NGOs’ core activities exceed the inflow of grants and donations, it is forced to either reduce the quantity and / or quality of its work, or to find new sources of funds to cover the difference. Reaching out to new donors with innovative fund-raising approaches is usually the first step. Redesigning program activities to include cost recovery components, whereby the beneficiaries or clients of the NGO pay part of program costs, is a second approach. A third alternative is for the NGO to make money through commercial ventures. SACHET has added another unit on 5th May 2006 to mark the seven years of her existence. MiRAS when pronounced and written in Urdu means Heritage. MiRAS is an innovative concept with no financial implications on the account of SACHET; thus it is in adherence with the efficient and cost-minimalist approach of SACHET`s policy. MiRAS has been instituted with the objectives to identify Means and measures for ensuring Technical, Financial and Institutional sustainability of the organization. It is expected that SACHET would write a new chapter in the history of indigenous Not-for-Profit Organizations. |
