Friday, August 21, 2015

Suggestions To Raise Money For Any Nonprofit Organization

Experiment with low-cost fundraisers.


Competition for the charitable dollar is keen. Well-known and well-organized non-profit organizations have already staked their claims to a large portion of personal and corporate budgets. If you are starting a non-profit or wish to raise more money for a smaller organization, experiment with a variety of low-cost fundraisers that are easy to implement.


Game Shows


Every day thousands of people tune in and watch the latest episode of their favorite game show. Why not organize a quiz or relationship show based on those popular television programs. Rent a large hall or school gymnasium. Check with local or state law enforcement authorities regarding security, liability insurance and other required procedures. Ask local celebrities--radio or television hosts, athletes, politicians--to act as judges. Approach local merchants and ask them to donate prizes for the winners. Charge an entrance fee for the event. If your non-profit has a large group of volunteers, ask a few of them to organize and run a bake sale during intermission.


Writing Competitions


This event will support the writers in your community, as well as provide funds and exposure for your non-profit. Contact a local writers group and ask if you can piggyback on one of their book launches, fairs or festivals. Six months before the event, launch the writing competition. Set up separate contests for adults and children. Decide on the criteria--types of entries, length, deadline, mode of entry--and invite three to five local writers to be judges. Charge a fee for each entry and use those funds to cover the cash prizes for the winners. Alternatively, you can approach local businesses for prizes.


Raffles


Raffles are low-cost fundraisers which are very easy to organize, especially if you can solicit free prizes from local merchants. Visit an office supply store and purchase a roll of tickets. Decide on the format: 50/50 cash raffle, merchandise, online or a long-term raffle where participants can buy tickets at different locations. Be aware of the tax implications; the IRS requires taxes to be paid on winnings greater than $5,000. Check with state and local authorities before holding a raffle. For example, you cannot hold a raffle in Tennessee because there is no legalized gambling.