Running a charity isn’t easy. Not only do you have to choose who you would like to help, but how you are going to help and then finally you have to work out how your charity is going to afford to help! Whilst some charities will be lucky enough to find rich donors to contribute, this is sadly not the case for many charities who have to rely on fundraising.
Whilst fundraising is a vital part of running a charity it is time consuming and difficult. There are several ways to fundraise; raffles, auctions, events/balls and many others and while all of these fundraising methods do have the potential to raise fund for your charity, they all have their own challenges.
Many fundraising efforts require vast amounts of time spent planning, promoting and running the event itself. Alongside this, some fundraising methods require an initial outlay of money. This can be to purchase prizes for a raffle, hiring of a venue, promotional costs to ensure the event is a success, etc. After spending this initial outlay, you then have no guarantee on the financial return and may actually risk losing money. In this circumstance not only would you have lost your initial outlay but your time as well. Whilst you can always raise more funds for the charity, the time lost is never able to be returned or replaced. The more time spent fundraising is less time spent supporting those you want to help