Not
all nonprofit organizations are same in all respects. Different aspects of a
particular organization differentiate it from another. However, one particular
activity that every nonprofit organization undertakes is fundraising, and the
Relief India Trust is not an exception to this. In view of the structures of different entities,
fundraising ideas may vary quite significantly. Ideas and strategies for
fundraising may also vary depending on the expectations of the communities
which organizations aim to serve. In order to find out the best fundraising
method, nonprofit organizers have to ponder over different concepts.
Here
are some effective fundraising activities which have helped a lot of nonprofit
organizations across the world.
The
most common source of funds that a nonprofit entity receives is the revenue
from its memberships maintained by the members. The majority of funds come in
two ways such as in voluntary donations on a periodic basis or in the form of
yearly dues. Most nonprofits go on motivating their members to have an
altruistic desire. The limitation that many nonprofits have to go with is not
the amount of contribution the members can be willing to make. The limiting
factor is often associated with what organizers of nonprofits feel comfortable
to ask for. In order to capitalize on this altruistic desire, organizers may
ask wealthy members to offer a matching grant that requires them to donate an
amount that is equal to another made by other members.
However,
organizers have to understand if a particular member who is solvent enough to
donate. The actual objective is not to identify the wealthiest members. Rather,
this strategy motivates not only the richest members but also the members who
can afford to give smaller amounts. The Relief India Trust believes that the
smallest amount of donation raises another. It is particularly true when it
comes to the fundraising efforts of nonprofits.
List of some more fundraising ideas:
·
Art/craft stalls
·
Book sale
·
Charity luncheon or dinner
·
Cinema screening
·
Cricket match
·
Cycle for charity
·
Afternoon tea
·
Face painting
·
Exhibitions
:
Some
nonprofits may dislike the idea of making straight sales, which is why there is
a better alternative to this. An auction or a raffle can replace straight sale
for fundraising. But, this method works well when a particular organization has
members who have interests in contributing precious items to such events. For
example, a raffle ticket that is worth only a very small amount of money can be
drawn to get a valuable item that is worth a much larger amount. This strategy
will help organizers make more money than they could after selling the product
directly.
However,
before holding an event like this, organizers should be sure of the fact that
the number of their members is satisfactory enough to make a viable fundraiser
event. At the Relief India Trust, the number of members is good enough to hold
such events. If there are just few ticket buyers or bidders, chances are that
organizers may f