Summary: In today’s podcast, Chad Barger from Productive Fundraising and Stephen Halasnik from Financing Solution discuss the benefits of leveraging virtual platforms in organizing fundraising events for nonprofits. This solution is helping owners of nonprofits in conducting effective fundraisers even in the face of the Covid-19 pandemic.
Summary
Recalibrating Fundraising Events Now, Regardless of What the Future Brings.
For nonprofits, using the most suitable methods for fundraising events to seamlessly navigate a rapidly changing world is critical. Fundraising events are essential for the efficient operation of every nonprofit. Nonprofits hugely rely on donations, majorly realized from fundraising events to finance their communities’ activities.
Recently, it has become increasingly imperative for nonprofit executives to develop technological toolkits and strategies to offset uncertainties in a world of sea change while not sidelining their organizational core mission. Being creative in this period of rapid transformation is a great way of ensuring that nonprofits can embrace new opportunities offered by technology in organizing productive fundraising.
There’s no denying the fact that nonprofit fundraising events are the biggest generator of funds. However, with the outbreak of the Covid-19 pandemic and its endless attendant restrictions on larger events and gatherings, it behaves as nonprofits to figure out innovative ways that are sustainable to raise funds. While it appears that nothing will replace large person fundraising, not even in the nearest future, virtual options have proved to be a veritable means to bring people together for fundraising events.
The Covid-19 pandemic has brought unprecedented challenges that have dramatically impacted nonprofits’ fundraising events in many ways. Recently, many nonprofit organizations have been buffeted with the difficulties of organizing productive fundraising events. For example, the Covid-19 protocols have made it hard for nonprofits to rely on their typical ways of doing things leading to a dramatic decline in fundraising events.
Leveraging Using Digital Fundraising Platform
Social distancing policies have made many nonprofits cancel, postpone, or rethink fundraising events. Consequently, numerous nonprofits have become bankrupt because of their inability to think outside. In addition, nonprofit leaders who failed to map out a creative course of action aligned with modern reality were left behind.
However, digital platforms have clearly shown that virtual fundraisers aren’t just a workable alternative to in-person events. Nonprofits that have learned to appropriate this method to organize events have witnessed excellent results. Using digital technology can be effective and easier to organize than in-person fundraisers. In addition, they are pretty inexpensive to put on and have more access to a greater number of people. It’s noteworthy that with the help of modern technology and a bit of creative thinking, there’re still plenty of ways for nonprofits to carry out fundraising events.
How to Conduct Hybrid Fundraising Events
Organizational growth and progress are predicated on adapting to unforeseen circumstances and challenges. For nonprofits, that often means using modern methods to work flexibly and efficiently in this era of pandemic and after that. With different options for in-person and virtual attendees, nonprofits will have a greater wider reach and ease of accessibility with lower cost.
Technological advancement has made it possible that nonprofits could engage in-person and online donors simultaneously while doing fundraising events. This approach also allows nonprofits to offer fundraising choices to their donors, allowing them to support your mission in ways that best suit them. Regardless of geographical location, in-person and virtual fundraising events allows nonprofits to expand their reach by engaging remote donors, especially amid social distancing guideline.
Conducting hybrid events demand strategic planning. For instance, you’ve to put in place mobile bidding software, a clear communication plan for connecting donors to your fundraising activities before, during, and after the event, and a broadcast solution. In addition, you can opt for live streaming tools to broadcast your program in real-time.
The Future of Nonprofits fundraising Events
The overwhelming impact of Covid-19 on the global economy and nonprofits, in particular, has heralded an array of opportunities for nonprofits in the area of conducting fundraising events. Fundraising events experts have strived to upend the status quo and solve the nonprofit’s problems. Today there’re varieties of options to optimize fundraising events. Digital technology has provided a working solution to the challenges of organizing large in-person events. Many nonprofits that have perfectly integrated in-person and virtual methods of organizing fundraising events are better positioned for the future.
About Chad Barger [BAR-jur]
Chad Barger [BAR-jur] is a sought-after nonprofit fundraising speaker, master trainer, and coach. Chad owns the firm Productive Fundraising which specializes in teaching the latest research-based fundraising tactics and making them approachable for small, community-based nonprofit organizations.
About The Host Stephen Halasnik, Financing Solutions
Stephen Halasnik is the host of the popular, The Nonprofit MBA Podcast. The Nonprofit MBA podcast’s purpose is to help nonprofit leaders. Stephen is the Co-founder and Managing Partner of Financing Solutions, a leading provider of loans for nonprofits in the form of Lines of Credit to nonprofits. Stephen is a best-selling Amazon author and is considered a leading authority on building great, purpose-driven businesses. Stephen lives in New Jersey with his wife, Gina. Mr. Halasnik’s number one purpose is raising his two boys, Michael and Maxwell, to be good men.
10% of profits from Financing Solutions is donated to charity.
