Obtaining Donors : An Important Part Of Nonprofit Organization

Major gift requires that the staff meets several times, this way the leader may delegate tasks, equally, the manager keeps track of assignment, training and volunteers. It is recommended that the executive director and managers from different departments develop skills to feel comfortable asking for donations. Overall, the agency’s personnel should be trained as fundraisers, thus they can help to raise contributions. Staff should be prepared to contact and solicit sponsors. It is an effective strategy to personally contact sponsors. Hight level of sponsorships is considered after the agency has grown a relationship (Weinstein, 2009).

Currently the target base is corporate Americans who are searching for a community event or hobby happening in the local area. For the fundraising, the target base is largely captive and patrons will be supportive from family member to coworkers are representing. Many patrons’ vendors will be willing to serve in any capacity and will be able to provide, however, professional services and resources and have the edge in being relatively supportive and satisfying. No other patrons are particularly expected to be present at these events at the capacity as the favorable sponsors who have a drive to serve, however, if there was the presence of another charitable organization serving the same exact purpose it may actually be beneficial in the same way. As for the psychographic make-up of the target base market, a large number of people attending these events are expected to be medium income families

receive donations which is the lifeblood of an charity or non-profit. This paper will discuss the

Organizations must view their potential donors as people instead of a potential donation. Organizations must effectively and efficiently collect and organize data about each potential donor in order to tailor strategies and techniques that encourage and persuade the individual to support their cause (Weinstein, 2013, p. 110). Organizations must listen carefully to the desires of the potential donor and use this information to create an appeal for support. Once this information is collected it should be documented using fundraising software or an Excel spreadsheet (Weinstein, 2013, p. 73). Although data collection and organizational systems are great, they are useless if the organization does not use the information to request support from unique donors (Weinstein, 2013, p. 111).

The nonprofit sector faces many challenges that make it more difficult to measure its financial performance. Young (2007) states that the survival of nonprofit businesses depends upon receiving financial funding from outside donors such as donations from charities, government contracts, endowments et cetera, and the necessity for having several different revenue sources is a challenge for nonprofit management. In addition, he points out that securing capital for operating is also much different than in the traditional business world. Fortunately, scholars have provided tools and information that will help nonprofits manage and measure their unique financial performance so they may make informed decisions and guide their organizations to sustainability (Young, 2007).

The strength of a nonprofit organization depends on their capability to secure and conserve funds. Most nonprofits primary source of income is generated from private donors, fees for service, fundraising through special events or government grants. As a result of the recession the organizations that secure funds will be able to maintain a standard of performance. It is inevitable to control all the unpredictable, but nonprofit organizations can use multiple strategies that will allow them to survive these difficult times. Therefore having knowledge of your organization’s needs is the first step to fundraising.

It is essential to relationship fundraising that donors do not feel obligated or guilted into donating. Fundraisers should strive to inspire donors and to offer solutions. "If we show our donors that there is more depth, substance and sincerity in our communications than

Kingma (1993) discusses for a nonprofit organization, an increase in its financial risk, for a given level of expected revenues, is undesirable. A manager in a nonprofit organization who risks the expense of requesting funding from a particular revenue stream and perhaps the expense of promising additional services also risks not receiving the additional expected funding. For donations, a nonprofit organization risks fundraising expenses. For government revenues, a nonprofit organization risks the expenses of complying with government standards (p-106). At this points, without existence of competent staff, supportive policies, internal systems to manage assets and financial, will the organization be

The economic crisis of 2008 diminished many nonprofit revenues as less households provided philanthropic giving coupled with sparse funding from state and local agencies. During this economic turmoil, many people endured job loss, business failures, and home foreclosures. This unprecedented hardship created more need for the assistance of nonprofits. Because many nonprofits have different interest, creating partnerships and collaboration with other organization is quite a feat. Fortunately, the Coastal Community Foundation created a channel for donors to pool money together to donate to local nonprofits in the Coastal Bend area. Through the foundation’s Coastal Bend Day of Giving, donors contribute money during the one-day, internet-based

Revenue sources are not always stable and predictable and can create many challenges when it comes time to collect promised donations. Government funding can present a huge obstacle for nonprofit executives because of the instability of our government’s ability to balance their own budget which can result in fluctuations and cuts to excess spending. If an organization receives a huge majority of their revenue from a single source, this can present potential challenges too. What if that donor, whether an individual or corporation, falls upon hard times and can no longer financially support that organization? It is important to have a variety of revenue resources for this

A Nonprofit organization relies on their donors to also volunteer to support their events and lend helping hands. Nonprofit organizations want to maintain a strong financial and cash position at all times. Nonprofit organizations that have adequate cash can do two critical things which are as follows; survive crises and take advantage of opportunities. For nonprofit organizations

A charitable donation refers to a gift made by an organization or an individual to a private foundation, charity or non-profit organization. The U.S has allowed deduction on income tax to individual and corporate donors for their charitable donations since 1917 (Colinvaux & Dale, 2015). Often, these donations represent the main source of funding for most of the nonprofit and charitable organizations. In most countries, a charitable donation made to any of the qualifying organization entitles one to an income tax deduction. Organizations that do not qualify as charitable are considered for-profit and are taxed accordingly to that effect. The Charitable Contributions Deduction entitles taxpayers to a tax deduction for the financial year in which they made their donations. The aim of this essay is to compare between the taxation of donations made to a charitable organization by a corporation and that made by an individual.

Increased awareness programs and researches carried out on donating behavior are factors that will contribute to increased revenue thereby enabling the organization to proceed with its

In the United States alone, there are over one million non-profit organizations that operate all over the entire world. Some charities are more familiar than others, such as, The United Way and The Salvation Army. Of these many non-profits in the United States, many of them struggle to thrive and be successful with their goals. Charities rely on getting funds from many sources, and some charities struggle with money because of the fact they are heavily depending on funds from sources that may not be there one day. Charities have to meet certain requirements set by the IRS to have a non-profit status. Studies have shown that the rich are not donating to charity, although more and more of the youth seem to be donating. There are so many good reasons to donate to nonprofit charitable organizations, but still many organizations struggle to meet or succeed their goals.

In the United States alone, there are over one million non-profit organizations that operate all over the entire world. Some charities are more familiar than others, such as, The United Way and The Salvation Army. Of these many non-profits in the United States, many of them struggle to thrive and be successful with their goals. Charities rely on getting funds from many sources, and some charities struggle with money because of the fact they are heavily depending on funds from sources that may not be there one day. Charities have to meet certain requirements set by the IRS to have a non-profit status. Studies have shown that the rich are not donating to charity, although more and more of the youth seem to be donating. There are so many good reasons to donate to nonprofit charitable organizations, but still many organizations struggle to meet or succeed their goals.