ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Importance of Fundraising for Your Nonprofit

Updated on April 23, 2011

Need to Fundraise

The current economic recession means that even established nonprofits that rely on private donation and foundation funding have to increasingly do more fundraising to stay afloat. As funding streams constrict with the economy and competition for limited foundational grant money increases, fundraising is necessary and needed to generate funds for nonprofits. In addition, smaller and newly formed nonprofits can benefit from a strong commitment to fundraising that will help pay for start-up costs and daily expenses. Fundraising also can bring more public and media attention to your nonprofit, increasing access to potential future donors and funding opportunities. So, there is more to gain than lose from fundraising.

Many of your fundraising ideas will be catered towards the mission of your nonprofit and the client type or constituency that you represent, as well as the numbers of volunteers you have to help. So, you are the best judge of whether or not a particular fundraiser will work for your nonprofit. The key is to plan ahead and allot enough time to conduct a successful fundraiser. Last minute ideas and rush jobs usually translate into limited success.

General Fundraising Ideas

If the idea of your fundraiser is an event, a community fair, a walk-a-thon, or just standing on the corner with can, there are general tips to keep in mind to make you efforts successful.

Establish a fundraising committee. Recruit volunteers to help plan and carryout your fundraiser. They can make plans and goals and meet regularly to ensure that the fundraiser is on track. Volunteers are free and you can assign each volunteer a different task. Recruit more than enough volunteers in case someone does not follow through with his/her particular assignment. Always be open to adding more people to the committee.

Keep you overhead costs as low as possible. There is a popular saying that “you have to spend money to make money.” While this saying may have some truth, you do not have to spend your entire bank account to carryout a successful fundraiser. Get donations for your event. Getting donations simply involves making as many phone calls as possible to see what people are willing to give. A simple script explaining the cause and being willing to provide a donation receipt will get local companies to support your event. Be willing to take what people are able to give and make it work. Donated flower arrangements and cakes can make any event special.

Start early. Getting a committee together and generating donations to support your fundraising event takes time. Don’t wait till the last minute to do a fundraiser. Make a plan that allows yourself enough time to recruit your volunteers, get donations, and plan your event or project. Keep a calendar to ensure that you stay on track.

Special Advice About Raffles

Raffle Tickets: Raffles are very popular for nonprofits. Be sure that you are familiar with any laws around conducting raffles in your state or country before you decide to conduct a raffle. Some states view raffles as a type of lottery and require licenses and also may set limits on the value of prizes. Check the law to protect your nonprofit. If you decide to do a raffle, please keep the following tips in mind:

  • Low ticket price means you have to sell a lot of tickets. A high ticket price means you have to sell less tickets but may also make it harder to sell tickets.
  • Get donations for prizes.
  • If you do a cash prize, give yourself enough time to raise the cash by setting a drawing date that allows for the time to raise the cash prize.
  • Print your tickets “in house.” There are free ticket templates on the Internet. Don’t waste your money buying fancy paper. A successful raffle is about setting a goal and making a plan to achieve that goal. Fancy paper doesn't matter. You need volunteers who are ability and willing to sell tickets.
  • Run your raffle like any other fundraising event. Set up a committee of volunteers who decide of the prizes and make a commitment to reach and achieve a common goal. Check in with this committee weekly or even daily to make sure they are working on the raffle.

Practice Makes Perfect

The more experience you have in fundraising the better you and your volunteers will become t arising money. Stick with your fundraising. Try and experiment with different types of fundraising. Nonprofit work is hard work but can be very rewarding. Good luck!

Comments

    0 of 8192 characters used
    Post Comment

    • truthfornow profile image
      Author

      truthfornow 7 years ago from New Orleans, LA

      Thanks for your comments.

    • theprintcenter profile image

      theprintcenter 7 years ago from Sacramento, CA

      Thanks for the great hub! I'm sure this will be really useful for people who are looking to raise some money for their non-profit. Voted up!

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)