Fundraising for a 501(c)(5)

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When fundraising for a 501(c)(5), you want to start by telling everybody what your mission is. Find out about fundraising for a 5010(c)(5) with help from an experienced business professional in this free video clip.

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Video Transcript

Hi, my name is Latoya Lo, and today I'm going to talk to you about how to fund raise for a 501C5. First, you want to tell everyone what your mission is. What is the value that you're bringing to their dollar? Then, once you do that, I would hold events everyday. You could do virtual event on the Internet, you can do contests of who can raise the most money and they can get some type of incentive. You can also do a gala. Do a gala and raffle off certain prizes from sponsors that are given to you. Make sure that you charge an entry fee for your gala. I say to do this because you'll find that people will say that they're going to donate and then they won't. So, if you charge and entry fee, it's a little bit more mandatory. You don't have to charge $50 to get into the gala, but you can do five dollar. Five dollars is a cup of coffee for people nowadays, and a lot of people spend that much just at Starbucks. Also, you can do a fitness event to raise money. A few ideas are you can do a 5-K run, a 10-K run or you can do a run walk. You can even do a mud run. If it's in the summer, you can hold a swimming event. Swim lapse for dollars. There's so many things that you can do to raise money and people will donate if you show them the value of that, their dollar is going to .


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