| How to Create a Gift Campaign to Raise Funds for Your Organization |
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How to Create a Gift Campaign to Raise Funds for Your Organization
Fundraising depends on a number of strategies to acquire the needed funds. There can be product fundraising, which relies on the sale of a product such as cookies, chocolate or a non-consumable product. There can also be event fund-raising which, as its name suggests, is when the fundraisers organize an event and sell tickets to it. A variation of this is the ‘a-thon’ in which participants often solicit their own funding, e.g. parents or grandparents sponsor a certain number of kilometers for the participant to walk.
Then there is the gift campaign, where people are challenged to pledge an amount of money for no return except perhaps a good reputation and to see good come from their gift. In this case the cause needs to be presented primarily as an investment to the giver, rather than a need. For instance, better educational facilities will eventually translate into better-trained employees for a company in the district that recruits and trains staff from the surrounding area. They may even save a considerable amount on future training of their staff.
So rather than selling tickets for a raffle or function or thinking of some other way to raise money such as an ‘a-thon’, it might be feasible for your organization to create a gift campaign to raise money. A gift campaign will encourage donors to pledge gifts over a period of time, so that the increase grows with a minimum of work, even if it takes a lot to put it into place the first time.
However, you must ask yourself if your organization is ready for this major step. While a gift campaign if done properly, is sure to raise a great deal of money, you do need to have plenty of staff and the resources to put into the effort. There must be adequate preparation before the campaign actually begins. It will be necessary to have a strong base support of giving from the Board of Trustee members, while guidance from a Development Committee will be invaluable.
Companies and individuals should be identified as prospective donors and rated on the amount they could be expected to give. The report presented to them must be compelling and show how they are likely to benefit from their gift. They like to be able to write it off their tax as well as see some other benefits.
They can be presented with the option of a challenge to match another gift, but the most important part is that they should be made to feel a valuable part of the whole process and to this end, kept informed of all the past, present and future data as it becomes available.
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This site is a common sense guide to How to Create a Gift Campaign to Raise Funds for Your Organization. In practical advice websites, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly.
This site is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in legal, business, accounting, and finance field.
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