Non-governmental organisations (NGOs) play a crucial role in addressing various social, economic and environmental challenges. To achieve their goals, NGOs often need financial resources.
Fundraising is a critical aspect of NGO management and sustainability, which involves attracting support from individuals, companies, foundations and governments. Effective fundraising requires careful planning, implementation and evaluation.
Here are some practical fundraising ideas for an NGO:
Define your goals and objectives
Before starting a fundraising campaign, you must clearly understand your organisation's mission, vision and goals. Define your target beneficiaries, the issues you aim to address and the impact you want to make. This will help you tailor your fundraising efforts to specific needs and communicate your message effectively to potential donors.Develop a fundraising plan
A fundraising plan is a roadmap outlining your goals and strategies for raising funds. It should include a budget, a timeline, a list of potential donors and a description of the fundraising methods you will use. A well-designed plan helps you stay focused, track your progress and measure your success.Use online fundraising platforms
Online fundraising platforms have become popular in recent years, and for a good reason. They allow non-profit entities to reach a wider audience, collect online donations quickly and reduce administrative costs. They make it easier to create fundraising pages, share them on social media and collect online donations securely.
Some NGOs like The Akshaya Patra Foundation, which works with the Indian Government to provide mid-day meals to 2 million Government school beneficiaries under PM Poshan Abhiyaan, have systems to start online fundraising campaigns integrated into their websites. People who wish to contribute can register or sign in on their website, choose a fundraising idea and enter the details to launch the campaign. They will receive a confirmation email within a few hours.
Host events
Hosting fundraising events is an effective way to engage with potential donors, create awareness about your organisation and raise funds. Events can be physical or virtual and can take various forms, such as charity walks, galas, auctions, concerts or webinars. The key is to make them enjoyable, relevant and memorable.Partner with businesses
Partnering with businesses can be a win-win situation for both the NGO and the company. Companies can demonstrate their social responsibility and enhance their reputation, while NGOs can access resources, expertise and funding. NGOs can approach businesses that share their values and offer them sponsorship opportunities, cause-related marketing or employee volunteering programs.Seek grants
Grants are another source of funding for NGOs. Grants are usually awarded by foundations, corporations or governments which can provide substantial financial support for specific projects or programs. To secure grants, NGOs need to research the eligibility criteria, prepare a proposal that meets the funder's requirements and submit it on time. Ensure attention to detail, clarity and persuasiveness while writing the grant.Cultivate individual donors
Individual donors are a crucial source of support for NGOs. They are often passionate about a cause, willing to give regularly and capable of spreading the word about your organisation. To cultivate individual donors, NGOs need to create a compelling case for support, build relationships with donors and show them the impact of their contributions. Donor recognition and stewardship are also important to retain donors and encourage them to increase their giving.Leverage social media
Social media is a powerful tool for NGOs to engage with their supporters, reach new audiences and raise funds. It can be used to share stories, photos and videos about the NGO's work, ask for donations and promote fundraising events. NGOs can also thank their donors, acknowledge supporters, communicate their impact and respond to questions or feedback through social media.Offer merchandise or services
NGOs can generate revenue by selling merchandise or services that are related to their mission or cause, for example, T-shirts, hats, posters or artworks made by the beneficiaries. This fundraising idea not only generates income but also promotes awareness and advocacy.Monitor and evaluate your fundraising efforts
To ensure that your fundraising efforts are efficient, you need to monitor and evaluate your progress regularly. This involves tracking your income, expenses and donor engagement along with analysing your data and making adjustments to your fundraising plan. By measuring your impact and learning from your experience, you can improve your fundraising strategies and achieve your goals more effectively.
Turn fundraising ideas into well-researched systems for effective execution
Fundraising is a crucial activity for NGOs to achieve their missions and make a positive impact in the world. They can efficiently execute their fundraising ideas by following these fundraising practices and forming planned systems. They can attract the support they need, engage their supporters and build long-lasting relationships with donors and partners. The key is to be strategic, creative, and persistent, and to keep the focus on the beneficiaries and the impact of the organisation's work.
So, let’s join hands and help the lesser privileged communities rise through collective action.
If you wish to support nourishing and locally-palatable mid-day meals of Government and Government-aided school children in India, you can donate or fundraise with Akshaya Patra.
Contribute today!