Student Fundraising Guide (Page 5 of 15) in pdf

HOBY Student Fundraising Guide

Budgeting Your Expenses

A key to successful fundraising is to be realistic in the amount you seek to raise. Being

honest with yourself is going to help make your goals more attainable. Whether you

seek funds from businesses or individuals, it is

TIP: Remember all of your expenses –

helpful to provide a budget for the expenses of

including fees, luggage costs, and

what you are fundraising for. While the initial fee

incidentals!

is most likely the largest expense, there are others

to consider, such as travel and spending money.

Before you begin, it is important to figure out your goal of how much you need to

fundraise. You may want to write down or make a useful chart to exhibit how your

fundraising efforts should be allocated. Take a look at this sample fundraising budget

for the HOBY World Leadership Congress:

WLC Fundraising Budget – Total Need

Program Tuition

$1825.00

Plane Fare

$500.00

Spending Money

$100.00

Total Need

$2425.00

Where will these funds come from and what do you already have

TIP: Keep your

available? In seeking funds from individual or business sponsors,

stakeholders in the

demonstrating that they are not the sole funder will show that you

loop. Are your

are serious in your fundraising effort, and that any amount

classmates, parents,

provided is appreciated.

or friends on the

project? Make sure

WLC Fundraising Budget – Money Raised

you keep others on

Personal Contribution

$500.00

the same page with

Family Contribution

$400.00

you.

Total on Hand

$900.00

This budget shows that you have already raised $900.00 on your own, and seek only an

additional $1525.00 to fund the cost of the World Leadership Congress. This is where

you can develop your plan for raising the additional funds.

WLC Fundraising Budget – Money to Raise

Kiwanis Scholarship

$500.00

School Sponsorship

$450.00

GoFundMe Page

$300.00

Bake Sale

$125.00

Showing your plan to raise funds based on a sound budget provides a clear and

convincing argument for your fundraising goals.

Student Fundraising Guide Page 5

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