Raising funds for a very charitable cause can be most rewarding especially if you get the results you want. But mind you, it can also be one daunting and challenging task, not to mention expensive, especially if you're marketing without the help of printing discounts such as that of printplace coupons.
Indeed, fundraising is complicated and never easy. And if this is the first time you're going to initiate a fundraising event, you need to know the basics of fundraising.
The techniques and methods you use to raise your funds is actually your number one priority when doing your fundraising activity. But the most basic consideration that you have to focus on is where can you get the money to begin your event? Where your money comes from is the real backbone, the bread and butter, the foundation that would make your efforts happen.
Source 1: Individuals.
They are the biggest source of funding for your fundraising event, most especially if you happen to be a non-profit organization. As one survey indicates, from a total of $300 billion in 2008, 75% of that amount came from individuals.
Source 2: Corporations.
This is a very likely source for charitable events and fundraisers because they often give in order to be exposed and visible not only to their target market but to the rest of the public. By indulging in fundraising activities, these companies get to have the respect of the community they're in, as well as get the most of the market share because of the publicity they get from being charitable. But they usually fund those campaigns that they are particularly interested in. So most often than not, these corporations get to be specific and picky when it comes to the fundraiser they fund. Still, corporate funding can be one of the most important sources of support for initiatives that are just starting, for very special programs and events. As a start-up, always look for opportunities to gain networks, as well as partnerships for your sponsors and other related activities for your fundraising event such as that of marketing.
Source 3: Governments.
Federal, state, and local government. These are best sources of funds because just like corporations, they also regularly provide grants for many programs of non-profit organizations. This is particularly true if you happen to have a cause on social services and healthcare. If you need to get information and data on where to go for government grants, you can get updated online.
Source 4: Federated Funds.
United Ways and the United Arts are some of the examples of these federated funds. This particular source is not only a regular supply of funding for many non-profit organizations, but they are usually in large amounts of money. However, you can only avail of this special funding when you have already established yourself as a non-profit organization.
Source 5: Grantmaking Public Charities.
If you happen to come across an organization that seem to be both a private foundation and a charity, all rolled into one, then you're looking at a "grantmaking public charity" fund. This means that the organization gets its funding particularly from among the general public or the government, or even the private foundations. They do public service, hence, the funds they raise goes to charitable non-profit institutions that also provide direct service to the public. One example is the Junior League.
Source 6: Foundations.
They come in a variety of shapes, types and sizes. But they do give a substantial amount of money in their grants.
These are just some of the sources of funds you can consider when starting your fundraising event for a very worthy cause.
Author Resource:
Troy Duff works as a businessman and currently runs a printing company that offers presentation printing discounts , banners, magazines, flyers, door hangers, catalogs, printplace coupons , print newsletters, custom printer and other printed ads.
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