Complete List Of Fundraising Ideas
Events that raise money for some charity can take many forms from 5000 meter runs to walk-a-thons and endurance bike rides. Recently charities have expanded these activities to include polar plunges, mud runs and even head-shaving. But just like any other big undertaking, planning a fundraising event has its pros and cons. They sure can get in ample of proceeds for the nonprofit, but can exert great strain on the charity’s resources. However, the benefits can definitely outweigh the risks if the event is executed correctly. Let us talk about the several benefits of fundraisers for charity.
1. The most important benefit of fundraiser for the charity is the huge potential to raise a lot of money during a limited period of time. No other resource or method could gather such a huge amount in such a limited time. Every organization needs income to keep moving from one year to another, to meet project costs and initiate programs for future, to pay for overheads and wages, to pay rents and generally to ensure continued existence to be able to meet the need of its beneficiaries. A regular source of income from a wide base of donors, allows charities to better predict their income with assurance and better budget their services. Such a regular source of giving is much better for charities than running an ad hoc appeal for cash or using some type of charity auction software to manage fundraising events.
2. A good and reliable fundraiser helps the charitable organization attain its wider function, as without fundraising; a charity cannot plan and strategize its work effectively. Additionally, a thought out and coherent fundraising approach will lessen any financial risks and the pursuing of futile activities that cost a lot of money and time but do not bring in any income.
3. Apart from the financial benefits, a charity also needs a large number of supporters to achieve its sole purpose. Each supporter is important to a charity as it helps in many other ways such as raising awareness in the community and volunteering. Overall, the number of supporters a charity has tells something about the reach and importance of the issue to the wider public. Also, the fundraisers themselves will share the event and brand details, far and wide. They will send out emails with the organizations logo and messages to thousands of colleagues, friends and family.
4. If we look at the long term benefits of fundraisers, it is evident that it is because of them, that a charity becomes viable and is able to sustain itself into the future. Building an energetic donor base and bringing in ongoing and long-term support will generate more funding opportunities for the charity and thereby help build the organization. Crisis in fundraising and continued deficits affects morale and is time consuming. Therefore to develop in the long and short run, a charity needs fundraisers.
5. Fundraising allows the beneficiaries of the funds to feel some pride of ownership. In many cases, the recipients of funds that are raised are able to feel as if they have actually earned the money or experience that the funds have provided and not those they have received charity. What better mode to help a person feel more empowered than to allow them to help raise the funds needed for a cause that will benefit them?
6. Given the intensity of the world’s problems, most charities usually reach only a fraction of the recipients they need to reach or may be some charities would like to expand. To do more work for which the charity exists, reach newer sections of society, do further research, branch into advocacy or campaigning or just buy more basic equipment? Whatever the future needs of the charity, it can only grow to meet them through successful fundraising.
7. Fundraising is not just a vehicle to raise money, but also a technique to promote the goals and message of a charity. After all, without the goals being explained and set out clearly, nobody would want to donate. Nevertheless, raising funds is obviously very important to the continued survival of a charity. Without a constant supply of funds, a charity simply can’t promote itself or the chosen cause. This is especially true for those organizations which require a constant supply of public funds to continue operating. However, fundraising goes beyond survival, and with enough funds, a charity can spread itself across a broader area. Given enough funds and time, a charity has the potential to even go global.