fundraising

As mentioned in an earlier post the role of the board in fundraising is not always about going out and constantly asking for money, rattling tins or selling raffle tickets.  Being strategic and linking it to key objectives can result in significant outcomes.  The following tips are intended to highlight ways to utilise the board to strategically raise funds.

  • If your organisation receives or is eligible to receive government funding then visit representatives of the relevant government department.  This can be at a local, State or Federal level.  In addition, these meetings are ideal for meeting key representatives that can assist with the success of future funding submissions.
  • Make a similar approach to other philanthropic or trusts organisations that provide grants and funding to not for profit, charitable or community based organisations.  Again, by meeting key representatives from these organisation  can greatly assist with the success for funding submissions
  • Approach local businesses with the aim of receiving a major or corporate donation.  When you make the approach make sure you have a clear project or program that may be of interest to the organisation.  In addition, make the offer realistic and attractive.  For example, don’t ask a small business for an unrealistic large donation.
  • Local businesses are also ideal to approach for obtaining a sponsorship for an event or activity.  This doesn’t always have to financial as they may be able to provided other services or support.  For example and depending on the organisation, this could include equipment, catering, vehicles or even staff to help as volunteers for an event. 

The important issues these points are highlighting are the different ways board member can actively participate in fundraising for the organisation.  Being able to approach these organisations as well as being able to discuss and negotiate on behalf of your organisation can make a significant impact in raising funds for the organisation.