EVENT FUNDRAISING HANDBOOK PRACTICAL TIPS FOR ORGANIZING AN AWESOME FUNDRAISING EVENT BOOKS CONTENTS 02 Event Fundraising Basics 05 Benefits of Event Fundraising 08 Stages of Event Fundraising 15 Marketing Tips for Events 19 Incentives for Fundraisers Walk before you run. What is the point of event fundraising? A road map for event fundraising success. Get your community excited for your event. Eyes on the prize. INTRODUCTION Event fundraising brings people and communities together around a cause. Event fundraising can look different in practice, but at its core, it's all about rallying people together to support a cause. Whether you're organizing a marathon, walkathon, school fundraiser, tournament or other event, Mightycause has all the tools you need to organize and manage your fundraiser... and tips to help you succeed along the way! In this guide, we’ll discuss how event fundraising works, why Mightycause is the best platform for it & how to make your event awesome! 1 EVENT FUNDRAISING BASICS HOW DOES EVENT FUNDRAISING WORK? HOW IT WORKS Before we can get into the nitty gritty of running a event, we need to define some terms we’ll be using throughout this guide. Crowdfunding. Crowdfunding is a fundraising method where you raise money by appealing to a group of people, who typically give in small amounts. In traditional crowdfunding campaigns, an organizer (such as yourself) uses a platform (such as Mightycause) to appeal directly to a group of people (such as your nonprofit’s donor base or social media followers). Peer-to-peer (P2P) fundraising. Peer-to-peer (P2P) fundraising is an approach to crowdfunding that empowers those who support a cause or an organization to fundraise on their behalf by soliciting donations from their social network. Instead of a nonprofit appealing directly to donors to reach a funding goal, individuals create fundraisers and solicit support from their friends, family, coworkers, and social network. Donors give through the page the fundraiser’s organizer has created and funneled to the cause they’ve chosen. Peer-to-peer campaigns can be organized by a nonprofit, but they can also be initiated by the individual. EVENT FUNDRAISING BASICS 3 Event fundraising. Event fundraising takes the concepts of crowdfunding and P2P fundraising and adds complexity, gamification, and more people. On Mightycause, event fundraising can involve an live event (such as a marathon or walkathon) or be entirely digital. In an event fundraiser, an event organizer creates the event on Mightycause, then invites others to join. The people who join will either fundraise with others (as part of a team) or individually to help the event reach its funding goal. Teams and individuals will each have their own pages, where they can direct their social network to make donations. They’re ranked on one or more leaderboards, to add the element of friendly competition and track the collective progress toward the overall goal. Mightycause also has an Eventbrite integration, so you can manage registration, sell tickets to your event, and more. EVENT FUNDRAIAING BASICS 4 BENEFITS OF EVENT FUNDRAISING WHY IT WORKS Benefits of Event Fundraising On Mightycause, event fundraising campaigns receive 60% more donations than solo fundraisers. The transparency of a leaderboard subconsciously engages event members to be more competitive and try to raise more funds. After all, who wants to be last place on a leaderboard? Or worse, who wants to be second place? When your success is publicly displayed and can be compared to others, it helps motivate you to try even harder to compete to raise funds. Plus, with an event organizer available as a resource to motivate you and provide best practices, it can make your fundraising efforts even more successful and help you raise even more money for a worthy cause. Build camaraderie. When event members compete, they feel more committed to their event’s goals. For instance, it can feel easier to share your event’s goals rather than your own to encourage your network to give. Event members can use a message like: “We are coming together to raise $10,000 by July 4,” which can make the goal feel less arbitrary than saying, “Help me hit my goal of raising $10,000 by July 4.” With the shared message, this collection of fundraisers is working towards a common goal. This can help you feel a part of something bigger. Great event organizers will build camaraderie by adding events and volunteer work around their event fundraising campaign for fundraisers to get to know one another and work together in person. Or, they’ll host an in-person activity to cap the end of the event fundraising campaign and celebrate the event members’ efforts. BENEFITS OF EVENT FUNDRAISING 6 Expand your network of supporters. Another benefit to event fundraising is the opportunity to grow your network with new supporters. Let's say your average peer-to-peer (P2P) fundraiser has 15 donors. If your event has 10 P2P fundraisers sign up, your organization could potentially add 150 new donors to their database of supporters. Why is P2P fundraising an effective way to bring in new support? It’s simple: Your nonprofit can’t solicit your supporters’ family members and friends to support your cause, but your supporters can certainly talk to their own family members and friends about your nonprofit and encourage them to donate to a page they’ve set up on your behalf. We liken this to the “Faberge method” of fundraising: The iconic 80s commercial said that if you like it, “Tell your friends, and they’ll tell their friends, and so on …” The same is true of P2P fundraising - you’re more likely to support an organization a friend supports than to support an organization a stranger tells you about. Increase engagement among donors. Event fundraising can be an easy opportunity to make donors true supporters of your cause. With platforms like Mightycause, you can invite fundraisers to join your event’s fundraising efforts with a click of a button, and it takes them just two clicks to set up their page to start fundraising. By eliminating the amount of steps it takes to get a fundraising page up and running, you’re increasing the opportunity for event members to be successful. Plus, event organizers that effectively manage their event focus on the group’s efforts as a whole through updates and event emails. By reminding the event of milestones and recognizing the top fundraisers for the week, event organizers are indirectly continuing to build up the sense of community for supporters. BENEFITS OF EVENT FUNDRAISING 7 STAGES OF EVENT FUNDRAISING 5 STEPS TO AN AWESOME CAMPAIGN STAGES OF EVENT FUNDRAISNG Preparation is key! One of the great things about event fundraising is that the workload is shared. Individuals and teams do most of the legwork -- they’re the ones who ask their friends and family to donate to the cause, they bring in the money, and they make that progress bar move. But that doesn’t mean that organizing an event is a passive process. Here are the steps you’ll need to take to ensure that your event is a success. Read on for five simple stages to take you, your team, and your supporters from start to finish. Boost Your Event With a subscription to Mightycause Advanced, you can amp up your fundraising with our integrations (including Eventbrite, Salesforce & MailChimp), Text-to-Give, and so much more! STAGES OF EVENT FUNDRAISING 9 Stage 1: Planning This is really the most crucial part of planning a fundraising event. The work for organizers tends to be front-loaded -- you’re getting infrastructure in place and setting your fundraisers up for success. Campaign planning. What are you doing? A walkathon, marathon, or other live event? An online fundraising challenge? Do you have a theme? The possibilities are endless with events, so don’t be afraid to think outside of the box! We’ve seen art-a-thons, write-a-thons, read-athons, Board of Directors challenges, groups climbing mountains for charity, and beyond. Think about what will make your event fresh, exciting, and engaging to both fundraisers and donors. Goal-setting. Your Event page on Mightycause will have a goal and progress bar with your financial goal displayed, so obviously you’ll need a goal for how much you hope to raise with your event. You’re not locked into the goal you set on Mightycause, so you can start with something achievable, and adjust your goal at any time based on your event’s performance. (It’s a good idea to set a few stretch goals, too!) It’s important consider how many people and groups you can realistically expect to participate as fundraisers, and do the math to figure out how much they’ll need to raise, individually and as teams. You’ll also want to consider non-monetary goals, like donor acquisition, donor retention, and raising awareness for your cause. Preparing a toolkit. So, this is optional, but it’s a darn good idea to do. You want to set your fundraisers up for success! Think through what they might need: images for their pages, some talking points and copy they can use to talk to donors, ideas for reaching out to their social networks, maybe even email templates they can copy-paste and send. Preparing these things in advance for them will help them feel confident and supported throughout the fundraising process. Mightycause has resources available to make creating your toolkit even easier! STAGES OF EVENT FUNDRAISING 10 Stage 2: Build Your Event Create your Event. On Mightycause, creating your Event is easy. Just go to Mightycause.com/nonprofits to get started. Mightycause will walk you through the setup process. Build your Event page. This page is where your supporters will go to learn more about your event. Add a logo, a background image, choose a theme color, and fill out your story. If you have additional information to communicate, like event times, directions, parking information, or even just tips for your fundraisers, you can add custom tabs to keep your main story focused on the most important facts about your event. On page and self serve editing tools means you can quickly and easily build a powerful fundraising campaign. Customize your URL. In your Event page’s Settings, you can customize your URL -- make it something snappy and easy to remember so you can add it to marketing materials and easily tell people about it! Purchased your own url? Domain masking is available for a completely branded experience. STAGES OF EVENT FUNDRAISING 11 Customize your event settings. Do you want to allow anyone to join your team, or keep it invite-only? Do you want to accept offline donations, such as cash and checks? Do you want to add a "General Fund" so that donors can just give directly to your organization if they don't have a participant in mind. Before you go live, make sure your Event settings are in place to run the kind of event you want! Build a fundraiser template. You can help your fundraisers get up and running more quickly by creating a template! The template will pre-fill all the essentials parts of your fundraisers’ pages, like their photo, story, goal, and so on, so they can build their page and accept donations with just a few clicks. (Of course the saavy participant can still customize their page if they want. ) Integrate Ticketing & Registration: We’ve integrated Eventbrite into our event fundraising platform, so you can register attendees for your event, sell tickets, and seamlessly incorporate peer-to-peer fundraising in your event Stage 3: Invite People to Join Now that your Event is live, you can start getting people involved! You can send invites directly from your campaign, or share your campaign on social media and email with an invitation to join! Teams: One thing you’ll want to make your fundraisers aware of is that they can fundraise as a team. So, if your Board of Directors wants to team up, or you have a corporate partner that may want to fundraise together, they can create a team when they join your event. This will give them a page with their own leaderboard where they can track their progress as a team, and each team member will be able to create and customize their own fundraiser, linked to the team and your Event. Who should you invite? Anyone who supports your nonprofit! But you’ll find the most eager fundraisers in your Board of Directors, your staff, your volunteer base, and engaged donors. Signing up to fundraise for your cause is a public way to show support, so look at whose support you already have. But it can also be a great way for people who love your cause but can’t provide much money to show their enthusiasm, so don’t be afraid to cast a wide net by posting an invitation on social media and to your email list. STAGES OF EVENT FUNDRAISING 12 Stage 4: Managing Your Event & Motivating Fundraisers At this stage, you can step back a little and move into management mode. Mightycause has all the tools you need to keep tabs on your fundraisers, whether they’re teams or individuals. Here’s how to keep your event moving once you’ve gotten it off the ground. Stay in touch. You can contact your fundraisers directly through the platform. Your reports will show you who has published their page, and how much they’ve raised, so you can reach out to anyone who might need a helping hand getting their page finished or getting those first donations. You can also download a report of all of your members, if you’d like to send them regular emails through a your email marketing software. (Lots of successful organizers will send weekly tips to all of their fundraisers to keep them engaged and share new ways to get support for their pages!) Celebrate milestones. Celebrating successes will help keep your fundraisers motivated! When you hit a milestone, like raising your first $1,000, or getting halfway to your Event funding goal, be sure to reach out to your fundraisers to let them know and thank them for all they’ve done to help get you there. Stoke the flames of (friendly) competition. What makes event fundraising so great is the group aspect -- and as we’ve already discussed, competition can be a huge motivator. Keep everyone fundraising for you motivated and feeling competitive by including shoutouts to the teams and individuals currently at the top of the leaderboard when you send out updates! (And if you’re offering prizes for the top fundraisers, make sure to remind your fundraisers of your incentives!) Provide support. One of the perks of choosing to host your event fundraiser on Mightycause is that we provide customer support to organizers, fundraisers, and donors. But as the organizer, you should make yourself (or someone on your team) available to answer any questions that may come up. Make sure your fundraisers know how to contact you if they have any questions! STAGES OF EVENT FUNDRAISING 13 Stage 5: Wrap-Up and Follow-Up When you’ve reached your deadline, had your live event, and hit your goal, all that’s left to do is wrap it up! By handling this stage with care, you can plant the seeds for your next event fundraiser -- making sure your fundraisers come back to do it again. Wrap it up. Send out an update reporting on your results. If you had prizes available for the top fundraisers, announce the winners in an email! You can also consider adding an in-person event, like a dinner at a local restaurant or a happy hour, to give your fundraisers a chance to celebrate their success (and connect with them to build relationships). Follow up. The conversation shouldn’t end as soon as your event is over. Stay in touch afterward to let them know what their fundraising efforts helped make possible. For instance, if you were raising money for #GivingTuesday, or were fundraising for a specific program or initiative, give them updates to show what their hard work has helped you accomplish. STAGES OF EVENT FUNDRAISING 14 MARKETING TIPS FOR EVENTS TIPS FOR STANDING OUT MARKETING TIPS FOR EVENTS Set your event up for success this year, and in the future, with a strong marketing plan. By getting your supporters involved in the fundraising process, you’re passing the fundraising baton to them. They’re responsible for marketing their own fundraisers and raising money for your cause. Which sounds like a pretty good deal, right? But it does require a few key shifts to your marketing strategy. Here’s how to market your event so that it’s a success and you’ve got an army of eager fundraisers behind you! Focus on recruitment. The heaviest lifting for an Event organizer is getting new members to join and start fundraising. You can make this process easier by being strategic about who and how you ask. Look for your biggest supporters first. Your biggest supporters are people who have already shown up for your cause: Board members, volunteers, staff members, business sponsors and partners. Ask these groups to join your Event first, and help them get set up on Mightycause. A little extra effort with this group will pay off. Ask personally whenever possible. Meet with them, call them on the phone, or send out a personal email. Tell them about your campaign, what you’re hoping to achieve, and ask for their help. 16 Do a “soft launch.” With your smaller group of dedicated supporters, you can do a “soft launch” of your Event. Ask for feedback about the process, identify any pain points for them in joining and setting up their fundraiser. Their feedback will help you make sure you are prepared for any questions your members might have when you fully launch your campaign, and help you get everyone else signed up and published much faster! And the other benefit to a “soft launch” is that when you invite more people, they’ll see that your Event is active and already has people on board. Think about what motivates people to join. While there are plenty of people who will sign up to fundraise for charity out of the goodness of their hearts, it can help you attract more participants by sweetening the pot. What’s in it for people who participate in your event? Leveraging incentives (which we’ll discuss more soon) can help you get more people involved, keep them motivated, and help you reach your goal. Brand Your Event So, if you’re running an event, you probably have a brand as an organizer: the nonprofit’s brand, a company brand, and so on. But to really make your event memorable, create a brand for your event. Famous marathons across the country, galas, charity walks, and so on are successful year after year because they have become a force in their own right. The Susan G. Komen Race for the Cure, New York Marathon, The Color Run, American Cancer Society’s Relay for Life -- they are famous because the organizations behind them branded their events. Give it a snappy name! Having a simple, easy-to-remember name that’s also unique and makes it clear what your event is all about sounds easier than it actually is. But it’ll pay off in the long run. Try holding a contest among staff and volunteers to come up with the best name for your event! You’ll find the name for your event and start building up excitement at the same time. Create an event logo. A memorable logo can go a long way to brand your event. If you don’t have the budget for a graphic designer, check to see if you have any designers in your volunteer base who might be able to help, or host a contest to create a logo. Your Event page on Mightycause puts your logo front and center, so it’s important to make sure it represents your event well. MARKETING TIPS FOR EVENT FUNDRAISERS 17 Create some merch. Not only can merchandise with your event name and logo serve as incentives for fundraisers and a way to market your campaign, it can be a great way to pique the interest of prospective sponsors. It could allow you to add a new sponsorship tier where your sponsors can have their name or logo on a t-shirt, mug, or other piece of merchandise. Working with local vendors, or using sites like CafePress, can help you get event swag for affordable prices. Use an Integrated Approach Even if your event is digital, it doesn’t mean all your marketing efforts need to be! Get your community excited about your event by creating an integrated marketing plan that will help you spread the word. Create some traditional collateral. In the digital era, it’s easy to forget about the power of a simple flier or sign. Work with sponsors or vendors to create marketing collateral for your event -- signs, fliers, pins/buttons, pens, whatever you think will be useful to people in your community. Come up with a plan to distribute them to spread the word. Have volunteers or staff members post fliers and signs in strategic spots in your community, ask business partners if they’ll help you promote your event, and make sure that everyone who enters your lobby knows about your event. Reach out to media contacts. Does your nonprofit have a contact at the local news station, or a regular spot on the morning news? Reach out and get some press! If you’re still working on developing a media contact list, an event can be a perfect reason to reach out for the first time. Start with local news outlets, papers, and radio stations. You can also create a press release about your event to drum up interest and make it easy for the media to report on your event. Build in reminders. Use your email signature as a reminder of your event, and instruct your staff to do the same -- stick the name of your event, date and time, and a hyperlink in your email signature. (You can also go the extra mile and build a template in a word processing document that your colleagues and just copy and paste into their signatures.) Be sure to drop bread crumbs reminding your supporters wherever you can -- build reminders in your newsletter (both digital and paper, if you do both), stick it in emails, post about it on social media, put it on the homepage of your website. MARKETING TIPS FOR EVENTS 18 How to Amp Up Your Event with Email Marketing: Use our integration with MailChimp to create an automated email journey for new event participants! Sell Tickets: Sell tickets with our Eventbrite integration. Text-to-Give: Create a unique keyword that will make donating as easy as sending a text! Advanced Branding: Make your event stand out from the crowd with advanced branding controls that put your nonprofit front-and-center. Start Stewarding: Lay the groundwork for lasting relationships with your participants & donors with our CRM, which tracks donors and fundraisers and event participants. (Already a Salesforce user? No problem, we've got an integration for that!) Donor Data Collection: Make sure you're getting all the information you need from donors with our advanced donor data collection. mightycause.com/pricing MARKETING TIPS FOR EVENTS 18 INCENTIVES FOR FUNDRAISERS USING PRIZES TO MOTIVATE WITHOUT BREAKING THE BANK INCENTIVES FOR FUNDRAISERS Keeping fundraisers for your event motivated is part art, part science. And leveraging incentives can be an easy way to keep your fundraisers engaged -- with their eyes on the prize. We know that when you’re planning an event, there’s not always a lot of room in the budget for things like prizes. But it’s worth finding a little room for prizes in your budget, or finding creative ways to provide prize incentives . How to Secure Prizes You don’t have to start from scratch when you’re coming up with a plan to provide prize incentives to your fundraisers! You may already have lots of great options and connections all around you. Use what you’ve got. Do you have merch for your event, or general nonprofit merch, just sitting around? We’re talking tote bags, bumper stickers, buttons, t-shirts, keychains, and so on. Take an inventory of what you’ve got on hand, and see if you can put together prize packages based on what’s already in stock at your nonprofit! INCENTIVES FOR FUNDRAISERS 20 Ask your board for help. Many board members are well-connected. At your next board meeting, let them know you’re looking to put together prize packages for your top event fundraisers. Board members may be willing to donate a prize (for instance, a gift basket, or gift certificate) or can work with their community contacts to help you get the prizes you need to really motivate fundraisers. Look to community partners. Prizes can be a great way to engage with community partners and sponsors for your event. For instance, what if a local t-shirt printing company printed the t-shirts for you in exchange for being listed as an event sponsor? Think outside of the box and leverage partnerships to offer incentives! What to Offer You may think that your prize needs to be amazing in order to motivate your fundraisers -- but you’d be surprised by how powerful simple prizes can be! You don’t need to offer the sun, moon and stars to your top fundraisers. Simple, meaningful prizes can inspire just as much competition as something expensive and shiny. INCENTIVES FOR FUNDRAISERS 21 Connect your prize to your cause. While you may think that shiny things and decadent prizes would be the most motivating, think about cool prizes you can offer that would be meaningful to your fundraisers and connect the prizes back to your cause. For instance, if you’re an animal shelter hosting a charity walk for animals, gift bundles of pet supplies would be a low-cost and relevant prize for your top fundraisers. Bay Area Urban Debate League, a nonprofit that’s run many successful events on Mightycause, once offered a vintage Scrabble game as a prize for their top fundraiser. Fitting, because the nonprofit is all about the power of words! Don’t be afraid to get creative. Offer experiences. You don’t necessarily need to offer objects as prizes. Experiences count too! And, depending on your nonprofit’s work, these can be great low-cost (or even free) alternatives to gift baskets and swag. Things like lunch with your executive director, a personal tour of your facilities, and so on can be just as motivating to your fundraisers. Offer a match. A matching grant is sort of a “buy one, get one” deal for donations. You find a donor, board member, or sponsor who is willing to provide a matching grant up to a certain amount, and then they “match” the amount raised. Let’s say a board member ponied up a matching grant up for $1,000. They will match each donation, 1:1, until the $1,000 threshold is met. Mightycause has a flexible tool you can use to enter matching grants for an event. But you can also offer a matching grant as a prize to help fundraisers’ efforts go even further! INCENTIVES FOR FUNDRAISERS 22 THERE'S NO TIME LIKE THE PRESENT. GET YOUR EVENT STARTED! Whether you're hosting a marathon, charity walk, school fundraiser, read-a-thon, or something totally out of the box, Mightycause is ready to support your event! Getting started is easy and intuitive, so get a jump start and sign up today. Start fundraising at Mightycause.com/teams Contact us at support@mightycause.com