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Health Science Project’s Sustainability and Budget Essay

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Updated: May 18th, 2021

Sustainability

The main sources of funds for the sustainability of the project are donations, grants, and gifts provided by interested organizations and citizens. At first, the organization applied to be an official registered charity to be able to legally receive these forms of funding. Subsequently, various health-oriented foundations were approached for grants and possible partnerships to ensure the project’s sustainability.

Such organizations include the National Charities Partnership and Outreach Program, Crime Prevention Action Fund, Canadian Red Cross, AMREF Canada, and others who may find the services of our project relevant to their goals. Another form of sustainable funding for our project is donations. While the organization will be accepting donations throughout its operation, additional actions will be taken to attract more funding.

They may include donation drives, promotion on radio, television, and websites, as well as possible events dedicated to gathering donations. These events would need to be modestly funded, but through the promotion and positive image of our organization, we should be able to gain the attention required to attract donations for the awareness project. The main goal of the company is substance abuse prevention, and it is focused on providing help for people who may be able to provide donations and gifts as gratitude for the organization’s efforts.

This sustainability plan is commonly used by charities, and we believe that it would be effective for our goals. In the event of unforeseen circumstances or catastrophe that would affect the sustainability of the organization, we are prepared to invest time and money to continue our efforts in difficult situations that are likely to occur during such events. Otherwise, the sustainability plan is created to ensure funding throughout the project’s activity period.

Budget

The budget of the project is estimated to be CAD $100,000. Our organization would like to request CAD $50,000 from the Health Canada CIF to offset part of the total budget. The remaining sum is already confirmed to be granted by such organizations as Canadian Red Cross, World Health Organization, and ARMREF Canada. Specific information on the amounts provided by these organizations may be seen in the following table.

Funder Amount requested Confirmed
Canadian Red Cross CAD $ 25000 Yes
Health Canada CIF CAD $ 50000 No
World Health Organization CAD $ 15000 Yes
AMREF Canada CAD $ 10000 Yes
Total cost = CAD $ 100000

No other sources of funding have been received so far, but donations and gifts are currently considered to be a secondary form of funding for the organization. Our organization has not received funding from Health Canada, nor from the Public Health Agency of Canada or any federal departments. No funds are owed to the federal government either. The planned distribution of the budget can be seen in the table below.

Categories Amount Requested by Year (April to March Contributions
Year 1 Year 2 Year 3 DSC Financial Overall Spending
Salaries CAD $20,500 CAD $20,500 CAD $20,500 CAD $30,750 CAD $30,750 CAD $61,500
Rent and Utilities CAD $10,000 CAD $10,000 CAD $10,000 CAD $15,000 CAD $15,000 CAD $30,000
Materials and Supplies CAD $1,000 CAD $500 CAD $500 CAD $1,000 CAD $1,000 CAD $2,000
Promotion CAD $2,000 CAD $2,000 CAD $2,000 CAD $3,000 CAD $3,000 CAD $6,000
Evaluation CAD $500 CAD $250 CAD $250 CAD $500
Totals CAD $50,000 CAD $50,000 CAD $100,000
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IvyPanda. (2021, May 18). Health Science Project's Sustainability and Budget. Retrieved from https://ivypanda.com/essays/health-science-projects-sustainability-and-budget/

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"Health Science Project's Sustainability and Budget." IvyPanda, 18 May 2021, ivypanda.com/essays/health-science-projects-sustainability-and-budget/.

1. IvyPanda. "Health Science Project's Sustainability and Budget." May 18, 2021. https://ivypanda.com/essays/health-science-projects-sustainability-and-budget/.


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IvyPanda. "Health Science Project's Sustainability and Budget." May 18, 2021. https://ivypanda.com/essays/health-science-projects-sustainability-and-budget/.

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IvyPanda. 2021. "Health Science Project's Sustainability and Budget." May 18, 2021. https://ivypanda.com/essays/health-science-projects-sustainability-and-budget/.

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IvyPanda. (2021) 'Health Science Project's Sustainability and Budget'. 18 May.

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