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Fundraising- Retail Enterprise+context
Retail Enterprise fundraising in the ongoing fundraising process of selling goods and/or services to support a nonprofit entity and its mission.
from about.com http://nonprofit.about.com/od/fundraising/a/fundraising101.htm (09/08)
+resources and best practices
Fundraising- Retail Enterprise+definitions
Ongoing Sales of Products and Services. Some non-profits own stores, produce products, or provide services that can represent a substantial income stream. The Girl Scouts is one obvious example with its annual sale of Girl Scout cookies, and Goodwill Industries is probably the largest nonprofit retailer. But other organizations sell logo-branded merchandise (an example is the American Legacy Foundation's Sunburst jewelry collection) or specialized services. about.com http://nonprofit.about.com/od/fundraising/a/fundproduct.htm (09/08)
fundraising is the process of soliciting and gathering money or other gifts in-kind, by requesting donations from individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather funds for not-for-profit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises. - Wikipedia at: http://en.wikipedia.org/wiki/Fundraising Amy Sample Ward 501(c) is a provision of the United States Internal Revenue Code (26 U.S.C. § 501(c)), listing twenty-eight types of non-profit organizations exempt from some Federal income taxes. Sections 503 through 505 list the requirements for attaining such exemptions. Many states reference Section 501(c) for definitions of organizations exempt from state taxation as well. - Wikipedia at: http://en.wikipedia.org/wiki/501%28c%29
Fundraising- Retail Enterprise+where to start
Fundraising- Retail Enterprise+best practices
How to Do Product Fundraising Right
FAQs About Product Fundraising & Finding Fundraising Products
By Joanne Fritz, About.com http://nonprofit.about.com/od/fundraising/a/fundproduct.htm
- Be sure that product fundraising is compatible with your organization's mission. Product sales seem to go well with youth organizations but not so well with social service or human rights nonprofits.
- If you have not done product fundraising before, ask your volunteers, board members and supporters if selling a product would be acceptable to them. If you serve youth, ask the parents if they are willing for their children to sell a product. If your potential sales force is not enthusiastic, you will not be able to pull off a product sale.
- Look around your community. Is your area saturated with product sales by nonprofits?
- Choose your product well. Make sure that it is of highest quality, and is something that people really like and use. If the product is something your potential customer would buy anyway, he/she is more likely to buy it from you. On the other hand, if similar products are easily available at retail stores, that could negatively affect your sales.
- Is the product easy to deliver? Does it need refrigeration or other special handling?
- What is the commission on products you are considering? Commissions vary from 25% to 75%. Commissions of 50% or more are preferable, especially if you use a lot of volunteers and expend a lot of energy on the sale.
from about.com (09/08)
Fundraising- Retail Enterprise+issues
Product fundraising seems simple on the surface. Your organization sells a product such as candy, magazines, or Christmas gift wrap, and keeps a portion of the proceeds. However, product fundraising can be as successful as the Girl Scouts' annual cookie sale; or it can leave the organization and its volunteers weary and wondering if it was worth the effort. What do you need to be successful? An enthusiastic volunteer sales force, outstanding products, and superb coordination, from order taking to delivery.
from about.com (09/08)
Fundraising- Retail Enterprise+standards in field
is a prominent fundraising magazine for nonprofits that provides invaluable information to professionals working in the nonprofit space. FundRaising Success, founded in 2003, is a practical guide for nonprofit organizations. It exists to help development staffs raise money for and interest in their organizations’ missions. FundRaising Success’ mission is simple: to provide nonprofits with the most useful and pertinent information, strategies and expert advice to help them generate the necessary fundraising revenue to fulfill their mission.Fundraising Success
http://www.fundraisingsuccessmag.com
