TO REGISTER YOUR ORGANIZATIONNova Scotia Registry of Joint Stock Companies Prince Edward Island New Brunswick Charities Division, Revenue Canada, FundraisingRegardless of the structure of the organization, every community-based group intent on effecting change in public education will need to raise funds. Whether fundraising consists of members of an ad hoc committee reaching into their own pockets for donations, or a registered charity sending out proposals to potential donors, asking for contributions requires a clear purpose for the funds and accountability for expenditures. The organization's treasurer is a key member of the executive team, and the person holding this position must be diligent in maintaining an appropriate bookkeeping system. As funding needs become greater and the process becomes more complex, a committee with a number of energetic members is needed to generate ideas and divide the work. Community-based fundraising is essential for community-based organizations. Even registered charities with substantial foundation grants must contribute to their own core funding, as most outside donors will not provide money for the every day running of the organization. On the other hand, money raised within the community is discretionary and can be used however the organization sees fit. Fundraising must be associated with a clearly defined need. Donors will not support an organization that is spinning its wheels or functioning without a mission. This is an important factor in fundraising, as it forces the organization to state its purpose and to evaluate its actions. There are many organizations, large and small, that are competing for limited donations. Successful fundraising requires clear vision and effective strategy to address an important issue. |
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