What is Fundraising?
Fundraising is the process of soliciting and collecting voluntary financial contributions from individuals, businesses, charitable foundations, or government agencies. Although fundraising is most commonly associated with efforts to raise funds for non-profit organizations, it is also used to describe the identification and solicitation of investors or other sources of capital for for-profit enterprises.
Fundraising Definition
The majority of fundraising falls into one of two categories: donations or trading. This includes one-time donations to charities, regular direct debits, sponsorship for events such as marathons, and legacies money left to charities in people’s wills. Some charities raise funds by selling goods or services.
Types of Fundraising
Different fundraising methods
- Capital investment. Capital campaigns go beyond raising funds to buy a building. Capital campaigns can transform your archive service and organisation. Capital campaigns can help you to improve your ongoing fundraising and strategic focus.
- Crowdfunding – The digital giving market is rapidly growing and can be used to raise funds for your project.
- Writing a bid is essential for more funding. This is a brief summary of how to create an effective bid. It’s worth taking the time to learn what makes a bid successful. This will help you prepare bids and apply to grant-making bodies, trusts, foundations, and foundations.
- You can cultivate new donors by spending some time looking for potential donors. It is also important to identify any obstacles to fundraising and what you could do to overcome them.
- Generate large donations and legacy gifts – Genering donations can transform archives and provide some of the best returns of any fundraising type.
Purpose of Fundraising
A fundraising event is an event that raises awareness and funds for the organization’s mission. All events can be made into fundraising events or used to raise funds. These events can include silent auctions and half-marathons.
Fundraising for Church Financing
Many faith-based organizations rely on their fundraising events to raise capital before they look for church financing lenders. In fact, many organizations receive the majority of their funding from sources other than their faith community. Our intention is not to suggest that Faith-Based Organizations should limit their fundraising efforts to the faith community; rather, we want to help maximize the mutual benefits of these connections.
For more information on our financing services please contact Hub City Lending and we will get you on the path to financial success.
Location: Lubbock, Texas, United States
Work:Owner/Broker @ HubCityLending
Education:University of Texas at the Permian Basin, Master of Business Administration, 1999 – 2001
