Summary of How to Raise Money to Start a Nonprofit
The video discusses strategies for raising money to start a non-profit. The presenter, Tiffany from Boston Budget, emphasizes the importance of having a board of directors as a key resource for funding. She also highlights the need to be cautious when raising money before officially establishing the non-profit to avoid tax implications. Some strategies mentioned include peer-to-peer fundraising, seeking support from community foundations, and exploring grants from organizations like the Pollinator Project and the Awesome Foundation. The video also debunks myths, such as the belief that money will automatically come after obtaining 501c3 status, the importance of having a board for fundraising, and the misconception that fundraising is only possible with 501c3 status. Overall, the key takeaway is to be proactive, build a strong board, and engage in fundraising efforts to ensure financial sustainability for the non-profit.
Presenters/Sources
- Tiffany from Boston Budget
Notable Quotes
— 04:51 — « So you need to check that first before you start asking for money so that youre not breaking any rules or you risk fines or risk getting into trouble. »
— 08:15 — « Another strategy I suggest you use is to do peer-to-peer fundraising. »
— 10:50 — « Its not like someones waiting behind the door thinking when people are waiting for their 501c3 status and then all of a sudden you get it and they open the door and say surprise, throw confetti and give you money, its not like that. »
— 12:59 — « You really do need a strong board to help you get out there and to make money for your nonprofit. »
Category
Business and Finance