Fundraising Can Be A Challenge - Yet Fun
If your group plans to raise a large amount of money, it would be a good idea to contact the State Treasurer of the state in which you reside.
The State Treasurer can help decide your legal priorities, if any are applicable.
If your fundraiser is less than One Hundred Dollars, you do not need to report to any tax proprietor.
Every Fundraiser needs a person to be responsible for the cash collected.
If it will be collecting in excess of one hundred dollars, I recommend that a Treasurer be elected by the membership, or at least by the executive committee.
All receipts or debits should be recorded and reported by the Treasurer.
Any money paid out to conduct the fundraiser should be accompanied by: a cash receipt accompanied by the date and signature of the cash receiptant.
First of all a committee should be formed.
This can be done several different ways.
If it is for an association or organization, I recommend that the executive committee select a committee of five, or seven people.
That selected committee should select a chairman, or the executive committee could declare who the chairman will be.
The chairman needs to keep the executive committee updated as the project proceeds.
Next the committee should begin the fundraiser by brainstorming.
Brainstorming suggestions are: Why, What, Where, When, How, andHow Much Why is a Fundraiser needed? It could be to defray the expenses that will occur due to an event.
It could be monies needed for a special project.
It could be a goodwill gift to someone in need.
It could be to raise money for the general fund for a group or membership.
What is the Fundraiser intended to be used for? Even though it has been decided to hold a fundraiser, the people or members involved should be informed as to the reason and for what the money is to be allotted.
Where will the Fundraiser be conducted? Will the fundraiser be held on a specific day, at specific place, offering a specific project.
Will it be held over a period of several weeks, or several days.
Will it be a bake sale, a carnival, a chili supper, a pancake breakfast, a raffle, or whatever the committee decides.
It should be reported to the membership through the executive committee by the committee chairman.
When will the Fundraiser be conducted? It is imperative that everyone involved be informed as to WHEN the fundraiser will take place.
If it is a one time event, then mail letters or conduct telephone calls to everyone as to the Date, Day of the Week, Time of the day, and how long it scheduled to last.
How will the Fundraiser be projected? If it is an event that will require volunteers to work a booth, then the chairman should assign the duties and specify the various booths to a delegated committee member.
Then the committee members should secure volunteers to assist with their assigned project.
If prizes are needed for the fundraiser, the committee should go as a group or select two or three of the committee members to be responsible for all the prizes for the entire project.
Keep receipts to be given to the Treasurer if you want your money that was spent.
If telephone calls are required, then the committee should make a list of the people that will need to be called, then divide the names and telephone numbers equally, Then assign those numbers to the committee to make the telephone calls.
And there must be an outlined format as to what the fundraiser is all about.
This should be in complete detail and approved by the executive committee, or at least by the President of the group.
How Much money do you need to raise with this Fundraiser? It is impossible to predict exactly how much cash a fundraiser can produce.
But it is best to set a goal because whatever the event calls for, it should be understood that the expenses to cover the fundraiser are allocated for.
If a fundraiser requires ticket to be purchased, then the expense to purchase the tickets, how many tickets to purchase, the price to set for the sell of the ticket, then the projected Amount of Money expected to accumulate.
If you only need to raise a certain amount, I suggest that it is decided prior to the fundraiser where the excess money will be used or deposited.
This will avoid confusion at a later date.
The brainstorming can be of many different channels; however, I hope you will be able to use this information to formulate your successful FUNDRAISER.
The State Treasurer can help decide your legal priorities, if any are applicable.
If your fundraiser is less than One Hundred Dollars, you do not need to report to any tax proprietor.
Every Fundraiser needs a person to be responsible for the cash collected.
If it will be collecting in excess of one hundred dollars, I recommend that a Treasurer be elected by the membership, or at least by the executive committee.
All receipts or debits should be recorded and reported by the Treasurer.
Any money paid out to conduct the fundraiser should be accompanied by: a cash receipt accompanied by the date and signature of the cash receiptant.
First of all a committee should be formed.
This can be done several different ways.
If it is for an association or organization, I recommend that the executive committee select a committee of five, or seven people.
That selected committee should select a chairman, or the executive committee could declare who the chairman will be.
The chairman needs to keep the executive committee updated as the project proceeds.
Next the committee should begin the fundraiser by brainstorming.
Brainstorming suggestions are: Why, What, Where, When, How, andHow Much Why is a Fundraiser needed? It could be to defray the expenses that will occur due to an event.
It could be monies needed for a special project.
It could be a goodwill gift to someone in need.
It could be to raise money for the general fund for a group or membership.
What is the Fundraiser intended to be used for? Even though it has been decided to hold a fundraiser, the people or members involved should be informed as to the reason and for what the money is to be allotted.
Where will the Fundraiser be conducted? Will the fundraiser be held on a specific day, at specific place, offering a specific project.
Will it be held over a period of several weeks, or several days.
Will it be a bake sale, a carnival, a chili supper, a pancake breakfast, a raffle, or whatever the committee decides.
It should be reported to the membership through the executive committee by the committee chairman.
When will the Fundraiser be conducted? It is imperative that everyone involved be informed as to WHEN the fundraiser will take place.
If it is a one time event, then mail letters or conduct telephone calls to everyone as to the Date, Day of the Week, Time of the day, and how long it scheduled to last.
How will the Fundraiser be projected? If it is an event that will require volunteers to work a booth, then the chairman should assign the duties and specify the various booths to a delegated committee member.
Then the committee members should secure volunteers to assist with their assigned project.
If prizes are needed for the fundraiser, the committee should go as a group or select two or three of the committee members to be responsible for all the prizes for the entire project.
Keep receipts to be given to the Treasurer if you want your money that was spent.
If telephone calls are required, then the committee should make a list of the people that will need to be called, then divide the names and telephone numbers equally, Then assign those numbers to the committee to make the telephone calls.
And there must be an outlined format as to what the fundraiser is all about.
This should be in complete detail and approved by the executive committee, or at least by the President of the group.
How Much money do you need to raise with this Fundraiser? It is impossible to predict exactly how much cash a fundraiser can produce.
But it is best to set a goal because whatever the event calls for, it should be understood that the expenses to cover the fundraiser are allocated for.
If a fundraiser requires ticket to be purchased, then the expense to purchase the tickets, how many tickets to purchase, the price to set for the sell of the ticket, then the projected Amount of Money expected to accumulate.
If you only need to raise a certain amount, I suggest that it is decided prior to the fundraiser where the excess money will be used or deposited.
This will avoid confusion at a later date.
The brainstorming can be of many different channels; however, I hope you will be able to use this information to formulate your successful FUNDRAISER.
Source...