Easy Fund Raising Ideas

Posts Tagged ‘Fundraising Ideas’

Question: how do you set up an account with a bank on your project’s name?

So here’s the detail: I have this project to realize in USA, so I’m having a little fundraising for that to happen for administrative, shipping, handling and installation costs. And I wanna set up an account on my project’s name. When I visited the bank they were telling me that it’s a business account?and that i need to file and legalize the name of the project, so i called the # they gave me; and to file the name, they were asking if it is for non-profit organization?It’s just a personal project that I happened to need some donations.So please help; is there any way to set up an account on my project’s name, so the people could donate directly to that account?Any ideas?

Answer: You are operating as a sole proprietorship and that is a legal business structure. There are two things that you can do to satisfy the bank’s requirements and also keep this simple.

1. You will have to obtain a Tax ID Number – basically this is the social security number for the business. It is used to open bank accounts and establish a unique identify for the business with the IRS. There is no fee and it can be obtained on line at https://sa2.www4.irs.gov/sa_vign/newFormSS4.do

2. Next, get a local license for your “business” this is issued by local county tax offices and general cost between $15 and $50 depending on where you live.

No, you are not a non profit organization even though your project may be benefiting others. Though you are calling it a project, if you are raising funds, paying expenses and opening a bank account, you are functioning like a small business. It’s just a temporary one.

Hope this helps.

DaJuan Tircuit

http://businesscredit.wordpress.com

www.rhemafundingsolutions.com

AMANATION non profit Fundraising Ideas America Approved Energy Affinity Program

Church Fundraising Ideas

There are many great Church Fundraising ideas. The best Church Fundraising ideas are those that are low cost and easy to do so that the church can raise a large sum of money with little efforts and in good time.

Good Church Fundraising ideas

There are great Church Fundraising ideas depending on: how many people are involved, how much time you have how much money you need to raise, and what resources you have available to you

Great Church Fundraising ideas must meet the needs of the church and the Fundraising Goals first and foremost.

The number of people involved in the Church Fundraising

The more people you have to participate in the Church Fundraising, the bigger the fundraising event you can organize. More people means more work can be done, more items can be made, more mouths to spread the words and advertise for the church, and so on.

Time till the money is needed

Some churches are very organized and planned their Church Fundraising a long time in advance. Others are not so organized and need money soon. The more time the church has, the better the fundraising event and the more money will be raised. Fund raising planning is very important.

Amount of funds needed

The amount of money the church needs to raise is important when planning the fundraising events and considering Church Fundraising ideas. If the church needs lots of money, then simple baked sales or book sales may not be enough and will only waste time. Bigger fundraising events such as a charity ball or a sporting event may be needed.

What resources are available?

Although every church wants to raise as much money as possible, in as little time as possible, not every church can succeed because of the available resources. A big church can often make more money than a small church because of the resources available.