Is My Booster Club Paying Too Much in Fundraising Fees?
With limited resources, booster club fundraising can be a real challenge for some organizations. Organizing a fundraiser takes time, volunteers, and money. Oftentimes, the easiest way for clubs to organize an event is through a platform that comes along with fees. Some platforms charge as much as 25-40% in fees.
If your club is paying this much, it may not be worth all of the effort that you put into the fundraiser in the first place. Paying these high fees is not your only option. There are lots of ways that you can raise money without giving away a significant amount of your proceeds.
What Is a Good Fundraising Fee Target?
Ideally we would all love to pay 0% in booster club fundraising fees. While that’s an optimal solution, it’s just not possible in all situations. Sometimes you need services to organize an event, and fees are the best option to fund the cost.
Typically, you should target fees of 5-15%. This fee model ensures that you get to keep the vast majority of what you raise and that the effort is worth your time.
Fundraising Ideas to Minimize Fees
Not every fundraising opportunity has to include an expensive fee. There are many ways to fundraise that can keep your fees low — or even no fees at all. Here are a few nonprofit fundraising opportunities that can help you keep your fees low.
Revenue Share with a Local Business
Local businesses are one of your best resources when it comes to fundraising. If they aren’t able to offer a corporate sponsorship, they may be open to a revenue-sharing arrangement. For every patron you send to their establishment, they’ll share a portion of the proceeds with the booster club.
All it takes is a few phone calls and you can have a long-term fundraising revenue source in place.
Creating an online store is a great way to set up a permanent opportunity for community members to support the club. Some online stores offer services for a fee, but it’s usually under 10%. Other services, like BoosterHub, offer a flat fee.
Some items you might consider selling in your online store include:
If you don’t want to commit to shipping items sold in your online store, you can organize a pick-up arrangement at the school or at the concession stand.
Emails and digital communications can get lost in the shuffle. If you’re having trouble engaging supporters through digital communications, try a letter-writing campaign. Have the officers of the club — or even better, the students — write letters to members of the community encouraging them to support the organization.
Personal letters are more effective in getting the attention of potential supporters and can be a very effective means of communication. If your organization has 501(c)(3) status, you may be eligible for reduced postage.
Keeping fees low is important to ensure that your organization meets its fundraising goals. With a few creative solutions, you can minimize your fees and keep more of your hard-earned dollars.
You may also like this
No items found.
Our Club Has Been Using Charms and Has Student Accounts — Why Is This a Bad Idea?
There’s a lot to like about Charms Office Assistant. This program has been a music program stalwart and can help schools and boosters communicate with students, manage assessment data, and collect payments.
We get the appeal of using Charms to support your band’s billing activities — the system is already in place, and you can collect payments from students and parents all in one platform. However, Charms wasn’t really designed for booster clubs. It was really designed to be used by the school or music director.
Most booster clubs are non-profits. The activities and best practices are different. For instance, non-profits can not fundraise for the benefit of one person. They must fundraise for the group as a whole. Also, fees can not be mandatory in a non-profit. You can certainly say “100% participation is highly encouraged,” but you can not require anyone to pay to participate.
By replacing Charms with a purpose-built booster solution, your club can:
No items found.
Round Rock Volleyball Is Ahead of the Game by Using BoosterHub MVP
After each sports season, the coaching staff gets together to review what went well and what they can do better next year. Often, coaches will turn to league winners for inspiration. During this process, they analyze film, look at stats, and explore ways to incorporate these insights into their own coaching strategies.
Your athletic booster club can apply these same principles to get better at fundraising during the off-season. On that note, let’s turn our attention to the Round Rock Volleyball booster club and how they’re delivering for student athletes with BoosterHub.
No items found.
Is SMS a Good Way to Communicate with Donors and Booster Club Members?
Finding effective ways to communicate with donors and members is a problem as old as your school’s rivalry with the neighboring high school football team. And just like that generation-spanning rivalry, you never seem to be able to maintain the upper hand for long.
During your time as an athletic booster club member, you’ve probably tried a variety of communication techniques, from phone calls to flyers and even email. If that’s the case, you know that none of these strategies are especially effective for relaying information to your membership.
While you’ve probably considered using SMS messaging to talk to donors and booster club members, you may be hesitant to make yet another change to your communication strategy. But trust us — SMS messaging is the way to go. With the right SMS messaging tools in place, you can effortlessly share information, keep parents in the loop about upcoming events, and make 2023 your most productive fundraising year ever.