A charitable fundraising event focuses on helping out a particular organization or organizations. Since most non-profit organizations have limited funds to keep their cause alive, charity fundraising is the most traditional and effective way of allowing a non-profit to grow and thrive.
Before anything else, you should decide on a recipient of the money you will raise with your charity fundraising campaign. Be aware that donors should be well informed about the focus of your campaign and identify with your chosen organization.
People usually think about what good will they achieve if they help something or someone. As you organize a charity fundraiser, choose programs or events that could make organiz feel that they can benefit from the event. For instance, hold a charity run that can help donors get in shape, while you receive funds for your charity.
Entertainment is one of the most sought-after events for fundraisers. You can hold a sports fest, paintball tournament or film festival within your local community. Rent a suitable venue for your charity fundraising event and set a reasonable admission fee for the program.
One traditional way to host a charity fundraiser is to throw a dinner party and collect donations via phone, mail and online. Make sure that your invitation or letter discusses the organization's cause, a schedule of the event and other important information.
Legalities behind a Charity Fundraising Program
When planning for a fundraising event, make sure you understand your financial liabilities. Some fundraisers require filing taxes, depending on the amount of funds collected from the event, the rented venue and the organization that will receive the funds.
When looking for an appropriate venue to host your charity fundraising event, make sure to contact local or state law enforcement to determine what procedures you are required to follow, especially when holding a sports or entertainment event within a public area. In addition, determine if you need security or liability insurance during the actual event.
Ask experts about whether the donations are tax-deductible. If the receiver of your collected funds is a non-governmental organization or has a 501c3 status, then expect tax deductions from your received donations. To ensure you followed all legal issues, check with a professional accountant or have your finances reviewed by the IRS.
Charity fundraising can be a fun experience in raising money for a significant cause. All you need is proper planning, organizing and execution.