In order to keep operations operating smoothly and achieve financial stability and sustainability, the NGO sector is increasingly in need of professional fund-raisers.
Donors want to be a part of the journey if they realize your cause is actually important. You can assist them in realizing that they are donating to a worthwhile cause the non-profit sector is constantly feeling the need for professional fund-raisers in order to keep operations running effectively to achieve financial stability and sustainability.
Learning how to generate money for the npo’s or non-profit organization might be frightening at times, but it doesn’t have to be. Many individuals are ready to support your wonderful organization’s work for a variety of reasons. Your responsibility is to provide contributors with an opportunity to donate in ways that feel simple, secure, and valued.
The difficulty is a scarcity of such professional fund-raisers. Previously, the majority of NGOs received foreign funding. On the other hand, the most helpful and active fundraising platform, which is ‘The Internet and Social Media,’ is gaining center stage.
Fundraising, sometimes known as soliciting donations, is the practice of generating funds for the specific goals of a non-profit. For a successful fundraising campaign, you must first understand your non-profit’s goals and objectives, as well as the numerous fundraising choices accessible.
5 WAYS HOW TO RAISE A FUND FOR A NON-PROFIT ORGANISATION –
FRIENDRAISING – It is approaching new contributors through your own networks and contacts. A ‘friend-to-friend’ technique is as versatile as an inkblot and may be applied practically NEWS everywhere. This strategy is most powerful when you collaborate with ‘connectors,’ or individuals who know a lot of other people who are well-known and respected in their community and are willing to disseminate the word within their network.
However, any present donor or well-wisher might be a wonderful source for bringing in new donations. Network fundraising may be accomplished using social media platforms such as Facebook, e-mail, or human contact.
This kind of fundraising can be used by any organization, but it works exceptionally effectively when an organization has solid ties with journalists, the media, and/or a big number of followers.
ONLINE CROWDFUNDING PLATFORM –
There are several methods for raising funding for an NGO. One common way is to use internet crowdsourcing portals. Network fundraising can be done through social media platforms like Facebook, e-mail, or personal contact.
This type of fundraising can be employed by any organization, but it works best when an organization has strong links with journalists, the media, and/or a large number of followers. People from all around the world can use these sites to give money to NGOs in India. You may perform internet fundraising for your NGO in a variety of methods.
You may either create a contribution page on your website or utilize a third-party fundraising platform. You may also contact your social media followers.
THROUGH CORPORATE SOCIAL RESPONSIBILITIES (CSR) –
Many companies in India have CSR programs that allow them to donate money to NGOs in India. Raising funds for the NGO in India through corporate social responsibility (CSR) initiatives. Corporate social responsibility is a broad concept that covers a company’s involvement in activities that are not directly tied to profit.
Rather, these activities aim to improve the social and environmental conditions in the communities where the company operates. CSR initiatives are often tied to the company’s core values and reflect the company’s commitment to social responsibility.
In India, the Companies Act, of 2013 mandates that companies with a net worth of INR 5 billion (US$70 million), turnover of INR 10 billion (US$140 million), or net profit of INR 50 million (US$700,000) must spend at least 2% of their average net profits made during the three immediately preceding financial years on CSR activities.
In addition to the CSR requirements, many companies in India voluntarily support NGOs through philanthropic initiatives. For example, the Tata Group, one of India’s largest business groups, has a long history of supporting NGOs in India.
ORGANISE A FUNDRAISING EVENT –
There are a number of ways to fundraise for an NGO. One popular method is to host an event. Whatever type of event you choose to host, be sure to promote it well in advance so that you can maximize attendance and donations.
- You can choose to hold it at a venue that is convenient for your attendees.
- You can also offer a variety of activities and games for your attendees to participate in and also provide a variety of food and drink options for your attendees and offer a variety of prizes for your attendees.
- When you hold a fundraising event for NGO, you can also offer a variety of ways for your attendees to donate to your organization.
- Showing live demonstrations, presenting compelling tales, and displaying emotionally charged commercials are all excellent strategies to make a significant impact.
RAISING FUNDS IN KIND AND THROUGH SCHOOLS –
- Raising resources from young people and in schools go hand in hand and should always be linked with the purpose of gaining them to comprehend the organization’s job. Children are more likely to have time than money, but they also have access to their family’s support. Fundraising with young people will first and especially involve young people in the cause, laying a solid foundation for future support.
- Apart from money, in-kind assistance may be a very effective means of mobilizing resources for the organization and its cause. Many individuals choose to make in-kind gifts rather than cash donations. This applies to both individuals and businesses.