The Benefits Of Fundraising

Fundraising is a method used by charities and non-profit organizations to request and receive donations from various sources. The amount raised is then allocated to various charitable projects. Although collecting monetary contributions is the main purpose of fundraising, you’ll be surprised to know that it comes with a plus. Listed below are the many benefits of fundraising:

* Fundraising is a way for charitable organizations to take stock of their available resources and see where they can do better. It creates an atmosphere of ambition because fundraising continuously teaches you to look for ways to improve.

* It encourages organizations to take a more methodical approach to solve the problems that they’re facing. Fundraising itself requires planning and attention to detail, but another challenge is meeting a goal. For example, you’re hosting a fundraiser to fund a local school feeding program. You’ll be confronted with many specific choices and decisions. What is your goal? Who will this project help? How do you intend to allocate the donations?

* Fundraising is a real-world experience that’s beneficial not just to your community, but also to your charity’s personnel and volunteers. It will train your team in the following ways:

– It will teach them the significance of networking and socializing, as fundraising sharpens a person’s people skills.

– Moreover, working in a fundraiser trains them to communicate the organization’s needs professionally and effectively.

– It will instill in them the value of empathy. Doing something for a good cause is mentally and emotionally rewarding.

– It will allow them to demonstrate their planning, creative, and organizational skills.

– Fundraising promotes the practice of teamwork. An example of this is assigning your staff with tasks such as brainstorming innovative, creative and effective ideas on how to raise funds for a good cause.

* It will also make you appreciate how many people are interested in funding, supporting, and furthering your cause. For the staff, it means being validated for their hard work and efforts. For the recipients, it will give them a sense of appreciation to know that their issues matter and their voices are heard.

* Fundraising events bring together like-minded individuals and organizations who will inspire you to think bigger. Knowing them will help improve your connections. They can also present unique charity partnerships or career opportunities.

Evidently, fundraising is about more than just money. It improves the people involved – the donors, the organization members, and the recipients. The primary goal of organizations and charities is to help people, and it does that at every aspect, including fundraising.

Categories: Charity & Fundraising

Pros And Cons Of Crowdfunding

If you’re looking for a new way to raise funds for your non-profit organization, try crowdfunding. You see it all the time in your news feed and inbox. Crowdfunding is the newest trend in charitable giving. It’s a method of asking for and receiving donations primarily via the Internet. The idea behind crowdfunding is that every donation counts. Over time, small donations from people all over the world stack up to eventually meet the goal amount.

In 2015, crowdfunding had raised $34.5 billion for more than 100,000 active fundraisers. People use crowdsourcing for various projects and purposes animal rescue, child welfare, health care organization, etc. With the help of online platforms, thousands of campaigns raise money for personal purposes such as medical procedures, tuition assistance, memorials and funerals. Crowdfunding can also be used for capital projects. Entrepreneurs can raise funds for everything – art, music, films, innovations, and startup businesses.

Keep reading to learn the many pros and cons to using crowdfunding for your charity.
Pros

1. Crowdfunding is very simple to use. You won’t need to set up a website, payment processor, and other technical details. Simply put in your fundraiser’s purpose, input your bank details, create a strong online presence, and spread the word.

2. It offers little to no risk.

3. You can easily customize your campaign to suit your needs.

4. With the help of the Internet, you’ll be able to reach more people with your message compared to traditional methods. One click, and your friends, family, staff and peers can share the word to thousands of people across various social media platforms.

5. You’ll be able to connect with people who believe in your agenda. It gives your charity the exposure it needs to attract not just potential donors, but also supporters and volunteers.

6. Because crowdfunding has a very low minimum donation, everyone can contribute. Everyone gets to experience the joy of giving, and it will help your nonprofit organization reach your goal little by little.

1. All crowdfunding platforms are paid. They charge a small fee in order to keep their site going, and the rate and conditions varies. Some platforms charge more when you don’t reach your target amount after a set date. Others charge your donors a small percentage depending on their donated amount. For example, they may choose to donate $25. If the platform’s rate is 10%, the total charge will amount to $27.5.

2. Regulations regarding non-profit organizations are somewhat strict. The laws vary from state to state, and from country to country. You’ll need to settle the legalities first before you proceed.

3. There are also restrictions enforced by the online platform that prevent you from accessing the funds until you have reached the goal or set date.

4. Most platforms are limited and are only accessible to the US.

It’s up to you to decide whether the benefits outweigh the costs. This article is to help you decide whether or not crowdfunding is right for your charity. It offers an easy way to receive donations, but the downsides may cause you to try out other kinds of fundraisers.

Categories: Charity & Fundraising