Kenny Lauren want to establish a nonprofit organization to help orphans find adoptive homes. They know that they will need a large amount of money to start up this organization but they do not have those funds. They also do not know many wealthy people they could borrow money from. They do however have a large social network and are experts in the use of social media. What approach might they used to raise capital for this project?

A. Selling products or services

B. Investors

C. Crowdfunding

D. Loans

Explanation: Investors, loans, and selling products and services would not gain them enough financial support, whereas crowdfunding will in an efficient way.

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monikaVT12 monikaVT12 · Answer 2 · 2022-08-18T10:34:46+02:00

The best way to raise capital to establish a nonprofit organization to help orphans is to enable recurring donations, crowdfunding, using social networks for the investment etc. Thus, the correct option is C). Crowdfunding.

What is the best way to raise capital to establish a nonprofit organization?

A nonprofit organization refers to that legal entity and organization that is established for public or social benefit. This entity is also known as not-for-profit organization, or nonprofit institution.

There are various ways through which nonprofit organization can find the funding sources such as ask for sponsorships, by creating a donation page, by sending fundraising letters, crowdfunding campaign can be launched, host a fundraising event etc.

Thus, it can be concluded that the best way to raise capital for the nonprofit organization to help the orphans to find homes is the crowdfunding.

Learn more about nonprofit organization here:-

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