Tuesday, April 8, 2008

Different Sources of Non-profit Fundraising

Fundraising has become one of the major sources of finances for non-profit organizations. Non-profit organizations act with an objective of community upliftment and social reform. This helps a lot in fundraising and cause related marketing.

There can be various types of non-profit fundraising programs depending on the objectives and the action planning. For example –

- AIDS awareness programs
- Cancer awareness programs
- Political programs

There are various types of non-profit organizations that generally opt for non-profit fundraising–

- Charity groups
- Boys’ or girls’ scouts
- Relay for life initiatives
- Church or other religious organizations

These non-profit organizations are always in a dire necessity for new and effective fundraising ideas. However among the various ways, few basic ones act as the backbone of an organization. These few but stable sources for fundraising are dependable and helpful in critical necessities.

Here are few of these steady sources –

- Individual source: According to a research result published on 2005 by Giving USA, individual funding as a source has come out as the major source for non profit fundraiser with $199.07 billions.

- Corporate source: This is a good source in programs of new schemes or projects, special initiatives or events. In case of corporate source, make sure to launch profitable cause related marketing. This is because the objectives of the corporate houses are to gain something while giving.

- Government source: Government has various projects and funds to help diverse cause related programs. It easily supports non-profit social awareness or social upliftment programs through various grants and endowments.

- Federal source: This is a source limited to reputed organizations only. Funds like United Artists’ or United Laborers’ help a lot in cause related non-profit initiatives.

- Foundation source: There are different types of foundations like – private, corporate, community or family. These vary according to the quantity, flexibility, features and type. But its importance and amount become very functional.

These are few traditional and basic sources for nonprofit fundraising. But, you need to be inventive enough to find out more sources. For that consider all types of fundraising programs. Basically, there are two types of fundraiser ideas –

- Ongoing
- Episodic

Along with these, there are also two exceptional types of non-profit fundraising ideas –

- Capital fundraising campaign
- Planned giving fundraising

With all these fundraising ideas, techniques and sources, you can sure raise a large fund for your cause related non-profit initiatives.

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