Another in a series of articles related to association management selected from our reading list by:
Robert O. Patterson, JD
CEO/ Principal
The Center for Association Resources, Inc.
One method of collecting funds for a nonprofit group is to create a well-designed website, with a “donate” section, for the organization. This is a terrific way to receive donations as people can go to the website 24 hours a day, 7 days a week, And donations can be collected from people all over the world. A shopping cart can be placed on the website; and products related to the organization’s cause can be sold on the website, as well.
Another terrific idea is appealing for donations through social networks. Sites such as Facebook, Twitter, MySpace and Linkedin are popular sites for generating donations and have been highly successful in creating funds for nonprofits.
Corporate sponsorship is another option. This is when a large company gives money to a nonprofit cause. They do this as a form of advertisement so that they will then be associated with the cause. The corporation benefits because they generate publicity for themselves, and the public sees them as generous. They can also receive tax deductions for their donations.
Fund raising events, such as walk-a-thons, car washes, bake sales, yard sales, craft sales, carnivals and auctions can be a fun way of making money for the group. Another great way to earn money for your group is to sell products offered by companies specifically for fund raising. These products include candy bars, candles, magazines, cookie dough, doughnuts, coupon books and popcorn.
In conclusion, nonprofits need help to keep their organizations running. There are many ways to obtain this help, and it is a win-win situation for all those involved. Donors receive valuable tax deductions for their donations and the feeling of having given to their community, and the nonprofits can continue their work.