How to Raise Money for Your Non-Profit Organization

Starting a non-profit can be a fun way to expand a hobby, help the community and have a socially responsible good time. It’s important to understand that even non-profits must survive in the real world and mainly capitalist economy and for that you’re going to need capital.

Like a business, a non-profit should have a financial plan. Even though there is no extra income, there are going to be expenditures. Annual state fees can be around $200 and government fees for registering as a 501(c)3 are $500-1000. How can you as an individual raise the money to fund your non-profit dream? Here are a few ideas.

Spread the word and you’ll be surprised how many people are willing to contribute to get you going, including local businesses. People and businesses are often willing to donate supplies, match funds or donate space for fundraisers – or all of the above. Determine your start up costs and plan activities that could help you reach them. Then ask for what you want and you just might get it.

You could hold a fundraising tag sale at a local church. Or a silent auction with donated items at a local coffee shop, restaurant or community center. Some local shops might already have an evening set aside for fundraising events throughout the month or year as these constitute a tax write off for them. Even larger chain stores often offer charitable donations of goods and services to local organizations. While working as a director for a non-profit events organization I secured free banners for a promotional parade from Staples. Look around town and inquire. The worst that can happen is people say no.

Set reasonable goals to meet your initial needs and be patient in reaching them. If you are starting a non-profit, you should be thinking long term sustainability. Once you have your start up costs covered and are a registered 501(c)3 there are a whole new world of fundraising options available to sustain your project.