As a nonprofit professional, you know that fundraising events are a key part of your organization’s fundraising portfolio. You also know that sponsorship revenue is crucial to the event’s bottom line and your nonprofit’s return on investment.
Sponsorships are a win-win for the sponsoring business and the benefiting nonprofit, but it’s up to the event’s planning team to effectively build, pitch, and sell sponsorships. So as you start planning your next fundraising event, whether it’s a
charity golf tournament,
online auction, or any other option, use these tips to maximize your sponsorship offerings and raise the most money possible for your nonprofit.
Start by identifying businesses within your networks where your nonprofit has a personal connection, whether it’s through a staff member, board member, planning committee member, or dedicated volunteer. Next, think about businesses that have a particularly vested interest in your event’s audience. For example, if you’re planning a golf tournament, GolfStatus recommends highlighting golfers’ higher-than-average net worth and annual income in your sponsorship pitch and targeting brands who want exposure to a wealthier clientele. Finally, think about other potential sponsors that are dedicated to your cause or have a history of sponsoring fundraising events in your community.
Make a list of these companies and determine who will make an introduction, whether by a phone call or email. You might create some common talking points about your organization and event for folks to share when they make an introduction, before presenting a formal invitation to become a sponsor.
Your sponsorship offerings should appeal to a variety of businesses and budgets. Not every company can spend thousands of dollars on a title or presenting sponsorship, but they might be willing to invest a few hundred dollars for a hole or table sponsorship. You should have packages that meet the needs of different types of sponsors to involve as many sponsors as possible. NXUnite recommends tailoring packages and sponsorship tiers to align with sponsor preferences and objectives.
Keep this in mind: the most fruitful sponsorships are those that are a partnership between your nonprofit and businesses. Why? Because working together makes it a true win-win. Sponsors are investing in your event, so it’s your job to maximize this investment and ensure they are getting what they desire out of your event, whether it’s name and logo exposure, brand lift, or the ability to interact with attendees.
Your event management technology can present additional sponsorship opportunities, including premium digital exposure. Unlike on-site signage or a logo in the event’s printed program (which also have value), digital sponsorships provide impressions before, during, and after the event. What’s more, digital exposure comes with fewer risks and overhead costs. Try these technology-centric sponsor ideas:
Some businesses aren’t responsive to requests for monetary support, but instead prefer to make an in-kind or non-cash donation to your event. These in-kind sponsorships can be just as valuable to your fundraising event, so include them in your slate of sponsor offerings and be prepared to create custom sponsorships. These types of sponsorships are easy to customize and tailor to the sponsor’s unique capabilities, interests, and priorities, including:
When pitching these types of sponsorships, keep lines of communication open to determine the best donation options for the business to get the most out of it. Make it clear how you’ll recognize their in-kind support, with the understanding that it will be based on the commensurate value of their donation (i.e. you likely won’t create a sponsorship for a $25 gift card donation but will for gift card donations for each attendee).
Once a sponsor has committed to your event, particularly higher-dollar sponsors, have a candid conversation about their goals and how your event can help achieve them. Do they want straight-up brand exposure? To connect with attendees? A little of both? Flex your creative muscles and find innovative ways to activate sponsorships and provide valuable exposure via multiple channels as part of the event. Consider these ideas:
Wrapping Up
Sponsorships are where your event will bring in the most dollars, so be strategic about businesses you target, sponsorships you offer, and the benefits you provide. Don’t be afraid to think outside the box to explore new sponsorship avenues and tailor options to help meet sponsors’ needs and objectives. When it’s time to start planning your fundraising event, look into event management solutions and providers that can streamline and simplify your event’s sponsorships with tools that make selling, onboarding, and managing sponsorships easier than ever.
About the Author
Logan Foote
Logan Foote has been around the game of golf nearly his entire life. He first picked up a club at the age of four, and despite thousands of attempts, he’s never had a hole-in-one. He earned a bachelor’s degree in business administration at the University of Nebraska-Lincoln and pursued a career in sales. Logan came to GolfStatus in 2017, where he channels his passion for golf to help nonprofits raise money through the game. As Sales and Education Director, Logan oversees a team that works with thousands of nonprofit clients to maximize their golf fundraisers with the GolfStatus platform, and shares his golf fundraising expertise through GolfStatus’ free educational webinars. He lives and golfs in Lincoln, Nebraska with his wife and three sons.
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