You need to establish sources of fundraising whether in-person or online. In this post, we will highlight what ways can raise you money for your nonprofit organization.
Don’t get mad at me for saying this…but you should NEVER rely on grants to fund your organization.
Depending solely on grants will not benefit your nonprofit in the long run. Many foundations and grant-giving organizations won’t distribute funds to your organization if your financial records are unstable.
How you can raise money for your organization:
As a leader of a nonprofit organization, you have to create a plan to consistently obtain funds for your cause. This means that you must strategize how you will prove your impact, attract new donors, retain previous donors, and generate donations before venturing out to apply for grants.
On the Nonprofit Sistas podcast, Alana shared about the fundraising technique, through gift-giving, that she uses to garner excitement and support from potential donors.
Having a clear understanding of this will help you achieve your financial goals and obtain long-term supporters who will donate to your cause. With that being said, here are you few ways you can start raising money for your organization:
1. Host a peer-to-peer fundraiser
This is an easy and simple method to share the mission of your organization with an unreached audience. By launching a peer-to-peer fundraiser, you will be able to increase the number of donations received during the start-up phase of your organization’s existence. Don’t be afraid to utilize your family, friends, and supporters to help attract potential donors to your organization’s cause.
2. Raise money via email
Using your professional and personal contacts to share the mission and vision of the organization can help build a foundation of potential donors and supporters. Don’t underestimate the power of forwarding emails to those you already have existing relationships with.
3. Virtual or In-person events
Through virtual or in-person events, you can easily create tickets to raise money for your organization. These events will allow your organization to host an engaging and entertaining event that aligns with your mission. Your event will allow your organization to utilize connecting and interacting with attendees to establish long-term relationships.
4. Text-to-Give
One of the easiest and most convenient ways to raise money using mobile technology. Most of your donors likely have smartphones, which is a great way to raise money as a startup organization. To get started with text-to-give, all you have to do is create an account with CRM software, like Givebutter. Once you create your account, you’ll simply need to encourage donors to text a keyword (like DONATE) to your mobile giving number. An automated message will direct the donor to your online donation page!
5. Create an Online Fundraising Campaign
As a newbie, one of the best ways you can start raising funds for your organization is through the use of an online fundraising platform. There are plenty to choose from online! Just take a look at free and paid versions to select what works best for your organization.
Are you just getting started with fundraising? Then check out the Fundraising Plan Template. This template will help you determine how you will raise funds for your organization to achieve your financial goals.
If you found these examples helpful, share how you will use one of them to raise money for your nonprofit organization in the comments below.