It is very common for educational nonprofits, as well, to work in tandem to create a more diversified or complete curriculum. This type of partnership can result in operational cost savings that could be significant for both involved NPOs. For nonprofits that hope to share resources, it is essential that some sort of agreement outlining the rights and responsibilities of each NPO is drafted.
There are countless innovative ways that universities or colleges can support an educational nonprofit. Formal collaboration of research can, and often does, result in a new technology. Students are also valuable resources who can perform work for an NPO that counts as work-study credit. University resources or grounds might be available for evening or weekend use. Finally, a larger organization can give access to equipment that is too large or expensive for an NPO budget.
By networking and keeping up with the operations of other nonprofits in a particular state or local area, a nonprofit organization may be able to take advantage of excess donations or resources from a fellow NPO. Monetary and intangible donations can be incredibly helpful for a cash-strapped organization.
