Saturday, October 4, 2008

Fundraising Ideas

Fundraising to support vital programs and special projects is time consuming and hard work regardless of the size of the group or its interests. Fundraisers are a necessary part of non-profits, be it a large humane project, or a small sports team. Every organization, which depends on donations as their major financial stability, must have clever, efficient, and effective fundraising ideas.

Finding the right project that fits an organizations goals and mission can be challenging. There are many fundraising ideas available today, and there are steps an organization should take to evaluate these different options. When filtering through the ideas process, organizations should first select a committee, or at least one responsible person, to be over the process of choosing a fundraiser that will reflect the organization in a positive manner. It is important to remember that a fundraiser can also serve to share information and make a community aware of what the organization is trying to accomplish, or whom the organization is serving. Having a fundraiser that can both solicit funds and promote awareness is crucial, accomplishing two major objectives for all non-profits.

When researching fundraiser options, it is important to remember that diversified sources of funding will create better security over the course of time. Organizations should consider soliciting funds from individual donors, foundations, and government grants, as well as seasonal fundraising with targeted campaigns. These seasonal fundraising campaigns could be grand social events, or simple bake sales. The idea is to keep the ideas flowing, always re-evaluating in the process.

Considering that this type of funding is a vital portion of a non-profit's work, it is important to choose board members who are not only willing to support the organization, but are also willing to give financially. One major focus of a board of directors should be fundraising. Management personnel can become bogged down with the day in and day out challenges of meeting the needs of those they serve. By recruiting board members who understand the financial needs of the organization, there will be a continuous ideas exchange.

A popular fundraiser trend today is the development of earned-income ventures. In earned-income ventures, the organization can generate profits from sales or services. Donors or contributors are getting something tangible back for their donation, making this an attractive venture. Opening a retail shop that sells donated items, or offering a service at a set price, are a couple of earned-income fund development fundraising ideas.

Whatever direction an organization travels, gathering facts and setting goals will equip the fundraiser planning team to operate at maximum capacity. Clarity in what your organization hopes to achieve should be communicated to all persons involved. Then goals should be set a realistic, but optimistic levels. With these tips, an organization can begin to take their fundraising ideas and campaigns to a successful level. A good man sheweth favour, and lendeth: he will guide his affairs with discretion (Psalm 112:5).

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