How to Obtain Funding for Your Social Work Practice

Sep 17, 2016 by

How to Obtain Funding for Your Social Work Practice

So you’ve gone to a reputable school like Rutgers University to enroll in their online MSW program, and you’ve finally received your masters of social work online to become qualified and ready to work in the exciting field of social work. But after receiving your licensure from your state and getting some real world experience in the field by getting hired by other employers, maybe you’re ready to start your own social work practice. If that’s the case, keep reading to learn about how you can go about obtaining the right funding to get started.

Apply for Grants

Just as you can apply for grants to receive financial aid while you’re going to college, you can also apply for a grant when you want to start a business. You can find grants that are based upon the theme of your company, so in your case, you’d want to look for grants that are geared towards social workers and people who wish to help others. You can also find grants based upon demographics, so if you’re a working mother, a minority, a woman, etc., you can find grants that will be open to you. Once you have this money, you won’t need to pay it back, and you can use it to get your social work practice started. Just be ready to do plenty of research into the grants that are available, and to spend quite a bit of time filling out applications accurately.

Start a Crowdfunding Campaign

If you know a lot of people and your network is large, you can also consider setting up an online crowdfunding campaign. This is a great way that many artists and non-profits, as well as inventors and educators, fund their latest and greatest ideas, and it really does work. You can raise a surprising amount of money by setting up the right campaign and promoting it heavily, while also offering great perks to those who donate. You’ll need to prove why you’re worthy of people’s donations, so definitely highlight your aspirations in social work and how you’ll be making a positive difference in the lives of others.

Invest Your Own Savings, and Ask Friends and Family for Help

Finally, many people choose to invest their own savings and credit cards into their startups, and they also ask their friends and family for loans in order to get additional help. This is a great way to avoid having to deal with banks and lending institutions that could make it difficult to get your social work practice off the ground and sustain it, thanks to their high interest rates. Just be sure to pay everyone back if you do borrow money, and be prepared to pay them some level of interest or at least give them some equity in the company.

These are just a few of the common ways that you can get funding for a variety of startups, including your own social work practice. Remember that it all starts with your education, so get your degree in social work to be prepared for the challenges ahead.

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