Four New Ways to Fundraise in 2023

Fundraising is an essential aspect of any nonprofit organization, as it provides the financial resources necessary to carry out the organization’s mission and serve its community. With the rise of technology and the increasing popularity of online giving, nonprofits have more options than ever before when it comes to fundraising.

In this blog, we will discuss four of the newest ways for 501c3s and other organizations to fundraise online, including givafifth.com, a unique new e-commerce platform that allows donors to make purchases of clothing and accessories and steer 20% of the donation to an organization of their choice.

Crowdfunding is a fundraising strategy that involves soliciting small donations from a large number of people, typically through an online platform. Crowdfunding campaigns can be created for a specific project or initiative, or to support the general operations of the organization.

Crowdfunding has become increasingly popular in recent years, with platforms like Kickstarter and GoFundMe raising billions of dollars for various causes and organizations. Both of these platforms allow non-profit organizations to create customized fundraising pages and share them on social media to reach a wider audience

2. Peer-to-peer fundraising
Peer-to-peer fundraising involves enlisting the supporters to fundraise on behalf of your organization. Supporters create their own fundraising pages and solicit donations from their network of friends, family, and colleagues using social media and other channels. This strategy can be highly effective, as it allows nonprofits to reach new donors who may not have been aware of their organization otherwise.

3. Virtual events
Virtual events, such as webinars, virtual galas, and online auctions, have become increasingly popular due to the COVID-19 pandemic. These events allow nonprofits to engage with supporters from all over the world, while also raising funds for their cause. Virtual events can be more cost-effective than in-person events, as they eliminate the need for venue rental and other expenses.

4. E-Commerce Purchases
Givafifth.com is a unique online fundraising platform that allows non-profit organizations to receive donations through online purchases made by their supporters. With givafifth.com, non-profit organizations will raise 20% of the purchase price of quality givafifth-branded clothing and accessories bought by their supporters. By partnering with givafifth, nonprofits can also benefit from turnkey marketing programs to drive purchases from supporters who are passionate about giving back to their community.

In conclusion, nonprofits have more options than ever before when it comes to online fundraising. By incorporating strategies like crowdfunding, peer-to-peer fundraising, virtual events, and e-commerce programs, organizations can generate the financial resources necessary to carry out their mission and make a difference in their community. And by partnering with innovative platforms like givafifth.com, nonprofits can tap into the power of steered giving, and unlock new opportunities for growth and impact.