Money Magnet Idea No. 8: Enlist Beneficiaries to Give

Creative Capital Foundation, a New York charity that helps artists become self-sufficient by providing financial aid, career counseling, and other services, raises money from the artists it assists.

More than 100 of the 406 artists who have received grants from the decade-old organization are also donors who give in response to year-end solicitations, says Sophie Henderson, the charity’s director of external affairs.

In addition, a third of the more than 20 artists who participated in the organization’s first art auction held last year donated pieces rather than accepting the charity’s offer to receive half of the winning bid on their work.

The foundation is now planning a second auction, says Ms. Henderson, and “artists are lining up to donate anew.”