Fundraising can be a great source of funding, and can provide fuel for charities to continue with their activities. Charitable organisations are free to raise funds in the way in which they choose, as long as they comply with all the necessary regulations of Australia.
The specific definitions of fundraising may change depending on the state you’re in, but generally fundraising involves:
- Asking members of the public for monetary donations, through activities like street collecting and door knocking
- Hosting events in the public with fees for admission
- Hosting events with corporate partners to attract a wider audience
- Games, raffles, and competitions
It’s understandable that charities have the constant need of increasing their funding, to keep up with their charitable activities. Because they rely on donations, charities can suffer from financial instability, and fundraising can provide a much needed cash infusion.
Charities can also make use of more modern forms of fundraising, such as social investment or social impact bonds, crowdsourcing, and social media campaigns.
Whatever the method they use for fundraising, charities need to ensure they use the funds ethically, and remain a not-for-profit organisation. When engaging in fundraising attempts, charities should also ensure they properly inform the public of their intention of generating money for their activities, and be as transparent as possible.
Help 4 Kids
Welcome to Help 4 Kids! We are an Australian charity aimed at providing much needed medical equipment to kids in need! Help 4 Kids is one of the leading charities in Brisbane, and we help the thousands of kids who desperately need medical aid and equipment. As with all charity organisations Australia has to offer, we rely on donations to fund our activities, and greatly appreciate the support we receive, and put the donations towards good use. Get in touch and support one of the leading Australian based charities today!