Fundraising programs come in all shapes and sizes. Finding the right one for your cause can be difficult. We’ve organized a handy guide to let you know which fundraising programs you should be looking for, before you start raising money.
If you want to start fundraising for a non-profit organization, look for a fundraising program that supports 501(c)3 organizations. 501(c)3 organizations are tax-exempt organizations that serve the public interest. Usually these organizations are charitable, educational, scientific, religious or literary and donations to these organizations are tax-deductible.
Fundraising Programs for Individuals
Sometimes you may want to start a fundraising program for an organization or an individual that is not a non-profit. Donating to these organizations, does not mean less money will go to the cause, in fact, may times these organizations can be more efficient in getting donations to the people in need. Find a fundraising program or website that will allow you to gather donations for the cause of your choice.
Understand the Fees
Before you start any fundraising program, make sure you understand the fees. Some programs will charge an initial start-up fee, and fees with each donations. Others may charge an operating fee, and a separate credit-card processing fee. Make sure you understand any expenses that will go into the setup of the fundraising program to make sure you raise enough money to cover your costs.
Finally, make sure you understand how the donations will be delivered. Some programs are able to transfer funds via PayPal, others deliver donations by sending a check in the mail. Check to see what the processing time is after your fundraiser ends. While it is normal to take up to 10 days to deliver funds, taking more than 3 weeks may be a red flag.