Home Non Profit Organization Why is Non Profit Fundraising Important?

Why is Non Profit Fundraising Important?

Why is Non Profit Fundraising Important?

Nonprofit fundraising is vital to help the
organizations reach their specific goals. There are many types of non
profit charities, and each type requires money to meet the needs of those
for whom
they work. For example, nonprofit charities that feed the homeless require
money to run a kitchen, as well as purchase food.

 

Nonprofit fundraising must meet the legal requirements in
the jurisdiction
in which the nonprofit charity is located. For example, nonprofit charities must keep detailed records
of all donations, including the name of the individual or entity
who
made the
donation. In addition, nonprofit charities must also keep records of how that money
is spent, including salaries, administrative fees and work and materials for
the charity.

  

There are also various types of fundraising
which require permits in certain jurisdictions or that may be illegal. For
example, charities that wish to host a casino night require a legal permit in
many jurisdictions. In many other instances, gambling is illegal and certain ju
risdictions will not allow this type of fundraising effort.

 

There may also be other laws which apply to
non
profit fundraising, such as distributing a
list which details the manner in which the money is used. In some
jurisdictions, those that donate money or time must receive a pamphlet which
lists the financial details for a non
profit. For example, that list may detail the salaries of each
employee and the percentage of donations which are utilized to pay th
ose salaries.

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