HSM 270 Week 8 DQ 2 - 7718

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3number
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  • Posted on: Thu 12 Apr, 2012
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What are the differences between public and private funding? What are the expectations or requirements of each type of funding? Which do you think might be easier to obtain for your chosen program and why?

 

 

     Public funds are regulated by the state government and the foundations found within the United States.  Most of the funds that public organizations have are provided by tax dollars that each person pays.  The American tax dollars are extremely regulated, therefore anyone applying for public assistance will be subject to a great amount of paperwork and other means of qualifying to receive funds.  Since public funds are greater than most private funds, the public organizations usually are able to provide more grants, determining on their eligibility rules.  
      Private funds are made possible through people who are working toward a cause to better their community, surroundings, and any issue that is personal to the person running the organization.  Private organizations receive money from generous donations, or by developing programs that will benefit a person who donates.  For example, say a company has a car donation program and you decide to do it.  Your car will be donated, sold, and the money will be used to help the foundation.  In return, the person who donated the vehicle will receive a nice little tax write off at the end of the year.  
      Although both types of funding are designed to promote the health and well being of people all across the globe, the programs must demonstrate a worthy program to continue receiving any funding.  Both funds are highly regulated, the only difference is that the private funds don't involve any government regulations so they have more freedom to provide to a program that they feel is worth, or even to decline money to a program because of the way it runs.  
         I believe that a private funding source would be best for the Santa Rosa Philharmonic Youth Symphony because the program is designed to provide a better education to children in a city, and most cities will provide a fund to any foundation that is designed to improve the arts of the city by providing programs to attract good entertainment to their city.  

  

Solution Description

What are the differences between public and private funding? What are the expectations or requirements of each type of funding? Which do you think might be easier to obtain for your chosen program and why?

 

 

&nbs