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If you’re using underwriting just to cover the costs for your fundraising event, then you are leaving revenue on the table. Underwriting aspects of your charity event is a great way to raise money ahead of your fundraising gala. We have seen non-profits raise 70% or more of their fundraising event goal through underwriting alone.
Non-profit organizations always want to raise more money. More money means they can do more for their cause. So whenever we work with non-profits, whether helping them structure their board or plan their fundraising for the year, we always give them a little bonus by giving them three tips to raise more money at their next fundraising event. These tips can help you raise an extra $10,000 - 25,000 with minimal additional effort and can be used at a fundraising event as early as next week.
Every nonprofit has at least an extra $20,000 sitting in their board members’ phones that they aren’t accessing. We’ve talked in the past about how the most valuable thing your board members bring to the table is their connections. However, we haven’t yet discussed how you can use these connections to create unique fundraising opportunities through opportunistic fundraising.
At a recent fundraising event, an organization sold 9 of our 6-adult Tuscany Villa packages for $10,000 each, netting $45,000. That’s a dream come true for many non-profits. However, this article is not about how they used consignment items to raise more money for their non-profit. It is about how they can continue to raise that kind of money for their non-profit in the future.
We were speaking to someone people from the organization post-event and remarking how amazing it was that they had just identified 9 major donors for their organization. After a little bit of conversation, we also learned that they had never met 4 of those donors. They were brought along as guests. This is where profiling your donors comes into play. Everybody keeps asking us how they can get their board members motivated. We recently put the question to Randle Lee, our Board Development and Fundraising Specialist. He said that getting your board members motivated and inspired to raise more money starts with recruitment. Having the right people on your board is half of the battle. Then, you can start looking at how to engage each of your board members individually. Here are his top tips to motivate and recruit board members.
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