FIRE DEPARTMENT: ALTERNATIVE FUNDING SOURCES

9-C
FIRE DEPARTMENT: ALTERNATIVE FUNDING SOURCES

 

Problem Identification:
Fire Department funding is limited to City allocations, state grants, EMS billing revenue and occasional grants and other funding from outside organizations.

Recommended Action:
Develop a plan for identifying alternative and non-traditional funding sources.

Classification:
Organizational, Revenue Enhancement

Functional/Operational Area:
All Department operations

Est. Annual Impact:
$100,000 – $500,000

Est. Implementation Costs:
$60,000

Barriers to Implementation:
None

Projected Implementation:
Immediate

Next Steps:
Recruit a Grants Manager with fund raising or institutional advancement background. Develop a business plan that contains realistic and quantifiable goals and objectives.

Analysis:
Billions of dollars are awarded in the United States each year to provide and enhance services vital to the health and well being of urban citizens. Higher education and healthcare institutions in the city raise millions of dollars to further their respective missions. To do so, they employ individuals tasked with the duty of identifying, cultivating, and soliciting sources of philanthropic and grant monies. This is a prime opportunity for the Fire Department, much like the City’s school system, to engage in the business of fundraising.

The business of philanthropy is a million dollar enterprise. Wealthy individuals with special interests in the Fire Department’s mission, foundations with the primary goal of enhancing the medical services provided to inner-city residents, and businesses looking to be outstanding ‘corporate citizens’ are a few examples of the sources of alternative funding that exist. By tapping into these resources, new funding for programs such as fire prevention, public education, and EMS outreach could be acquired at very little cost.