There are different ways through which funds can be available to local wellness funds for use. Some common types of mechanisms, which can be combined to increase fund size and sustainability, are summarized in the table below:
Beyond the Grant, a Sustainable Financing Workbook
This workbook by ReThink Health offers modules with practical, user-friendly tools to answer common financing questions and help organizations develop action plans for moving beyond short-term sources of funding, namely grants. LWFs can utilize this workbook to learn about and consider funding types as they work towards attaining sustainability in their sources.
Creating a California State Wellness Trust: Legal & Practical Recommendations
This report by ChangeLab Solutions describes the legal and practical considerations for developing a state wellness trust, which can provide a sustainable source of funding for community health initiatives. The report includes a detailed section on state taxes, tax credits and municipal bonds. LWFs considering long-term, sustainable streams of funding could use the information in this report to explore state wellness trusts as a model.
Financing The Infrastructure Of Accountable Communities For Health Is Key To Long-Term Sustainability
This research article in Health Affairs identifies potential funding streams, specifically for Accountable Communities for Health infrastructure activities. Authors divide the funding streams into three categories: public health and social services programs, public insurance programs, and private and philanthropic initiatives. LWFs can utilize the findings from this study to determine for what funding opportunities they would be strong candidates and what would best fit their programmatic needs.