As a non-profit, you’re always in search of new methods to raise money. One option containing quickly caught on is crowdfunding. Crowdfunding websites showcase and offer financial transactions for anyone, groups, businesses or non-profits looking to get a multitude of people to donate small amounts of money because of their project or cause.
It’s worked for non-profits like Start From Seed, an institution that provides comprehensive doula services and childbirth education. This organization ventured into Rally, an internet based fundraising platform.
In addition to raising money, the non-profit posted updates of these new space, photos of newborns which are helped, a wish list and information of how money was spent.
“We forgo salaries and utilize any money we raise to operate the program,”explains Cheryl Orengo, co-founder of Start From Seed.
Between donations and also other fundraising, Start From Seed raised enough to spend rent per year in advance, which eases its financial burden.
Non-profits like Start From Seed say this type of fundraising is fast, easy and an inexpensive approach to raise money. It’s additionally a convenient approach to generate media buzz about events, recruit volunteers, and spread awareness about your campaign on social networking.
If you need to give crowdfunding a chance for your own non-profit, listed below are 10 sites that you’ll would like to check out:
Start From Seed had success using this online fundraising platform. It’s a user-friendly site with the appealing presentation where there’s no minimum donation.
This site carries a community of 10,000+ members. There are plenty of positive results stories here, such as the more than $5,000 raised for The Supply, a nonprofit that builds schools in Nairobi.
3. Start Some Good
In addition in an easy-to-use platform, this website offers Crowdfunding 101, a totally free nine-part email course for non-profits and social entrepreneurs. Plus, the internet site only charges fees in case your campaign reaches its tipping point.
One in the more organized sites, Crowdrise divides fundraising by way of a variety of categories like animal welfare or education. The site also separates non-profits with the method of fundraising being a run/walk or celebrity-backed campaign.
Billing itself since the world’s largest online campaigning platform, Causes currently only allows registered 501(c)(3) and 501(c)(4) nonprofits to fundraise on its site. In addition to fundraising, campaigns may be used to create petitions and ask website visitors to take pledges, like Toyota’s campaign to produce child passenger safety a high priority.
Campaigns must set a mission and select between fixed and flexible accounts. If you build a fixed account and don’t hit your ultimate goal, hardly any money raised is returned on the donor. If you put in place a flexible account and don’t hit your ultimate goal, you retain the money raised but Indiegogo keeps a higher amount of your funds. Registered 501(c)(3) and 501(c)(4) do receive discounts, but you’ll wish to crunch the numbers.
With over the decade of fundraising, FirstGiving boasts some big names inside nonprofit sector, including Habitat for Humanity, the Special Olympics and The Humane Society.
Television network A&E now searches RocketHub for crowd-funding projects so it wants to feature rolling around in its new “Project Startup.”Fees vary determined by whether or not you meet your goals.
Boasting the capacity for non-profits to simply change the look in their fundraising page with out a developer, CauseVox allows you to embed multimedia – like videos or Flickr slideshows – by simply pasting a web link. Case studies range from the Autism Science Foundation and Change for Kids. It carries a unique fee and pricing system at the same time.
This site allows non-profits to host a Giving Day, that is a 24-hour online fundraising competition during which Razoo trains someone to reach supporters via social networking, email, events and even more.
Ready to begin? Here are a few tips from Lesley Mansford, CEO of Razoo:
Use videos. Fundraisers with videos typically earn 4x more.
Tie donations to direct impact. For example, “Just $20 feeds a young child three meals a day for just a month.”
Ask your donors to express your campaign. Razoo found that every Facebook share helps raise about $18 of donations on its site.
Most of such sites keep between 3 and 5 percent from the funds your nonprofit raises, there are fees collected by plastic card processors, so you’ll want to read the FAQs on each site carefully.
Have you used one of the sites to lift funds or awareness? If so, show your thoughts from the comment section below. VerticalResponse has a complimentary program for non-profits. Sign up and have started.