What is fundraising?
Fundraising is the process of soliciting and gathering money by requesting donations from individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather funds for not-for-profit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises.
Fundraising is the primary way that non-profit organizations obtain the money for their operations. These operations can involve a very broad array of concerns such as religious or philanthropic groups such as research organizations, public broadcasters, and political campaigns. When special events are arranged to raise funds, they are often known as fund drives, pledge drives, or, sometimes when television is involved, telethons. Many non-profit organizations take advantage of the services of professional fundraisers. These may be paid for their services either through fees unrelated to the amounts of money to be raised, or by retaining a percentage of raised funds. The latter approach is expressly forbidden under the Code of Ethics of the Association of Fundraising Professionals (AFP), the profession's primary international support and regulatory body. |
Books about fundraising
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