One of the key challenges of nonprofits is fundraising. Fundraising for nonprofits can be a massive undertaking as it’s likely your primary means of income as a charitable organization. It can feel like a burdensome, never-ending effort with uncertainty looming all around. But effective planning can help you better manage your fundraising.
While a majority of fundraising efforts may take place through events and targeted channels, having a backend support system to plan and execute your fundraising efforts can greatly impact the outcome. In this article, we share seven ideas to plan and execute fundraising for nonprofits.
1. Design a donation page for nonprofits
A dedicated page makes it easier for potential donors to donate to your nonprofit. Begin by creating a specific, up-to-date, and secure donation page on your website. It should be easy for your website and social media users to find the page.
Create a compelling reason that will encourage people to donate. Have an option whereby donors can make recurring monthly donations. Enable social media sharing, which will generate greater visibility for your donation page. Make sure that you also collect your donors’ email addresses and thank them for their donations.
2. Send fundraising letters
The tried and tested direct mailer can work wonders in nonprofit fundraising. It helps to use copywriters and designers to create branded letters for greater efficiency. You can also use online software to generate letters and envelopes.
The letter should state what you do, have information on your activities, and include testimonials from other donors. Be transparent about how you will spend the raised money and how they can partner with you for the long term.
3. Initiate crowdfunding
What if you’re starting out and don’t have a list of donors? Or if you need funds for something urgent like renovation work or new equipment? In these circumstances, crowdfunding is your best option since the platforms and donors are already there. But remember that you’re talking to a crowd and will be competing with other nonprofits for funds.
The most important priority should be to make your nonprofit appear credible. Share precisely how you will use the funds and how they can find more information. Once you get their contact information, update them about the progress of the work, which can help convert them into long-term donors.
4. Host events and sell tickets
A more direct approach is to host an event for your nonprofit and invite current and potential donors. This gives you a chance to showcase what you have been doing, state your case for new funds, and share the success stories of your nonprofit.
You can monetize the event by selling tickets. To be more effective, you can have tiered tickets that give different levels of access to the buyers. If in-person events are challenging, you can expand the scope and hold virtual events.
5. Seek corporate sponsors for nonprofits
Sponsorships can give you a steady flow of funds while also giving visibility to the sponsors. This will be challenging when you start out because corporates usually partner with nonprofits with experience and credibility.
Identify businesses that have stated their intent to support charities in your domain. Then, make a customized approach that gives them the flexibility to support in multiple ways. In some instances, a corporate sponsor could give you the technology, volunteers, visibility, or a wider network to reach out to for fundraising.
6. Create a membership program
An effective way to generate a steady stream of funds is through a membership program. Create different tiers of membership with varying levels of access and benefits and publicize those through your website and social media channels. Keep it open for both individuals and organizations and you will have a wider audience.
Try to create a community around your nonprofit. Communicate regularly with your members and share updates and news about events, and give behind-the-scenes tours of your nonprofit. All these will build credibility and make it easy for members to routinely and actively engage with your organization.
7. Use the right project management platform for nonprofits
With everything that a nonprofit has to do, it can be difficult to dedicate the necessary time, effort, and personnel for fundraising. This is where technology can help you. By automating routine chores, avoiding duplication of tasks, creating accountability in processes, and monitoring efforts, you can make your fundraising activities more productive.
Heycollab has a set of tools to improve internal collaboration. With Workspaces, you can create different boards and tasks to monitor specific efforts across multiple organizations and channels. You can make your efforts more transparent by inviting others to your Workspace and allocating specific tasks to members for better monitoring and management.
To streamline both internal and external communication, Heycollab also gives you video calling. You can meet at a moment’s notice or schedule them, all within the app.
With better planning, resource allocation, regular outreach, transparent processes, and streamlined communication, planning and executing fundraising will be easier for your nonprofit. Experiment with these tactics until you find the combination that works for you.
Heycollab is a project management tool built for teams like yours. With a free 14-day trial you can try out all the cool features. To get started visit https://heycollab.com/