Friday, 19 August 2016

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.
Member donations:                
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