How much money should we try to raise?
Set your target fundraising goal based on your needs and fundraising costs.
Every successful fundraiser starts with a clear vision of the outcome. In this case, it's the money your organization needs to do things like:
- Run your operations
- Purchase new equipment
- Pay for travel and competition fees
Before you launch your fundraiser:
- Review how much your goal costs to accomplish.
- Research fundraising options.
- Consider the costs of fundraising using those options.
- Add fundraising costs to your goal costs — and that's your target.
For example: Taking your team to nationals takes $5,000. You decide to sell frozen cakes to friends, family, and neighbors to pay for the trip.
Many other fundraising organizations will only give you 30-50% of the money you raise; the rest covers their fees.
Let's say the frozen cake company takes 50% of every dollar. To reach your $5,000 travel goal, you actually need to raise $10,000!
FunditForward is different: You keep 70% of every dollar you raise! With FunditForward, your target goal would only be $7,150!
Need help setting your goal?
We custom-built a fundraising calculator to determine how much FunditForward can offer you. Check it out as you plan your next fundraiser.