One of the major recurring issues faced by non-profit organizations is the need to fund the annual budget. Highly successful organizations have a reliable source to which they can look to provide these funds. Most of us, however, must spend considerable time with our hands out. This article discusses two ways to alleviate the reliance on annual fundraisers by creating an income-producing endowment: estate planning and wealth retreats with affluent people sympathetic to your cause.
Often this question is the most important one to answer. Should we do a fund raising golf benefit tournament, and if so, why? The only good reason is to make money for the charity. There are ancillary reasons, such as “friend-raising” or the identification of new prospects, and the esprit de corps that is created by the social aspect of the golf and the festivities of the afterglow party. Considering the staff and volunteer effort necessary for a successful event, the only good reason to have a golf tournament, or and other special event, is to make money for the institution!
Special Events: those two words are like a physician’s reflex mallet with Development professionals and non-profit executives. And I’ve just struck the collective knee. As soon as you read ‘special events’ your brain reached deep down into its ancient mammalian part where instinct rules. Did it instantly send you an image of a cheesy low-rent suburban motor inn ballroom lined with bad art and gaudy gift baskets? You’re not alone.