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Fundraising for Nonprofits: Administrative Tasks

Published October 21st, 2019 by Bottomlineadmin

Fundraising for Nonprofits: Administrative Tasks 

Sometimes it’s just not enough to have a great idea that could possibly change the world. At the very least the worlds of those who will be affected. Most times these great ideas run into one common problem: funds.

What can you do with a brilliant idea that could help make the air cleaner, or educate thousands of children every year, or provide meals to the hungry if you don’t have any funds or financial resources to implement them? Well, if you are serious about it, and you are on your way to setting up or already have a non-profit organization. Start off by identifying organizations and people who could be your possible source of donor funds. Wait, wait, it’s not that simple, though we all wish it was. 

The first thing you must do is streamline your motive, the main idea of what you or your organization is going to be doing. Write an articulate but short and powerful introduction about your organization and its motives. Until a decade ago just having an office was enough. These days if you really want to be able to raise funds to do what you hope to, then you have to setup a website as well. It's not just a way to be more accessible regarding your work to the masses by having an online presence, but a website is a great tool where interested people could contribute funds immediately if they are convinced about what your nonprofit organization’s motives are. 

But even before all that make sure that your nonprofit organization is registered as a 501 (c) (3) organization so that it is tax exempt. Not only that, but all your donors may deduct any donations to 501 (c) (3) organization as a charitable deduction on their tax returns. Your donors will know that they are getting back two things when they donate to your organization; first a good thing for humanity, and second, part of their money back in tax returns!

So if you’ve got your motives straight, registered as a 501 (c) (3) organization, have produced text about it and setup a website, then the next and most crucial step is researching what bigger organizations, national or international, work or support work in the field that your organization hopes to be active in. Almost all such donor organizations, Ford Foundation for example, have their websites and the process of contacting them usually well laid out on their websites. 

Contact as many as you can because it’s not guaranteed that every one of them will respond. Not because they don’t like your idea, but because of the volume of inquiries they receive. But almost every one of them will send you a generic notice of receipt and eventually a second notice of interest or inability to support your program at that time. But if some of the organizations you have send inquires to don’t have a defined working interested or history in your nonprofit organization’s field, then don’t be surprised to get a notice that might say they don’t work with that subject matter yet. Never expect immediate or prompt response. Once communication is established, don’t slack either. They might take time to respond, but you should be as communicative and convincing as possible. These are the basics, but remember that persistence and evidence of being able to do the work you plan to are key elements in being able to get funds.

 


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