As a school or sports organization is critical to use certain tactics to maximise your fundraising efforts before beginning any fundraising initiatives. After all, fundraising entails funds, which necessitates sound management.
A strong fundraising plan and strategy establishes a framework and goals for raising money, as well as allowing you to remain in contact with your cause and assess your success. What does this mean?
1. Priorities are evaluated
2. The most efficient use of resources is assessed
3. The future is anticipated
4. An action plan is ready
What should you think about?
1. Set your objectives.
The financial goal must be both desirable and attainable. Make the budget fit the plan, not the other way around. You’ll find it easier to choose the right fundraising product or program if you break the total amount needed down to the penny. Have clear vision of what the fundraiser stands for from the start, be able to verbalise it clearly; this is vital for both the organisation and potential donors.
2. Get your action plan ready.
Answer the following questions: who, what, when, where, and why you’re doing the fundraiser. Find the volunteers within your team and provide clear goals for each. Delegate duties to everyone in the group, don’t expect one person to do it all.
3. Look at alternative funding options.
You do not need to move forward with the same approach as everyone else. To come up with new and fascinating ideas, brainstorm. Use a variety of fundraising strategies and locate all possible financial sources.
4. Schedule all fundraising meetings and events in advance.
Follow all activities closely and be prepared for unexpected issues, such as late orders or unexpected costs.
5. Assess your fundraising efforts.
See if you met your financial objectives. Thank all your volunteers and supporters. Gather comments from members about the event, including their opinions and concerns, as well as suggestions for future fundraising efforts. Keep supporters up to date on how their funds were utilised. Appreciation will keep the door open for the following year.
