Difference between revisions of "Chapter Finance and Fundraising"
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| − | + | The '''Chapter Finance and Fundraising Resource Guide''' (a.k.a. ''The Money FAQ'') intends to assist chapters in sharing ideas for chapter budgeting, long-term financial planning, and the challenging area of fundraising. This guide is not intended as specific or required direction on any topic, and it '''does not''' serve as substitute or supersede any direction on finances, payments due, or risk management areas (e.g. insurance) given by the National Governing Documents or the National Office. | |
| − | |||
Please join in making this living document and assisting other chapters by adding, editing, and improving the information contained here. | Please join in making this living document and assisting other chapters by adding, editing, and improving the information contained here. | ||
| − | == | + | ==Fund Raising== |
| − | * | + | ===Introductory Ideas=== |
| − | * | + | These ideas should require limited planning and up front costs These ideas should require limited planning and up front costs. They likely won't raise the most money but are quick and easy ideas. For Chapters who are struggling with fund raising or looking for new ideas this is a good place to start. |
| − | * How can we plan our | + | * [[Food Sales]] |
| + | * [[Car Wash]] | ||
| + | * [[Gas Pumping]] | ||
| + | * [[Restaurant Nights]] | ||
| + | * [[Clubbing Night]] | ||
| + | * [[50/50 Raffle]] | ||
| + | * [[Aluminum Cans]] | ||
| + | |||
| + | ===Intermediary Ideas=== | ||
| + | These projects may be recurring, can utilize more members of the chapter and can sustain the chapter's budgetary needs. | ||
| + | |||
| + | * [[Events Concessions Sales]] | ||
| + | ** [[Face painting at sporting events]] | ||
| + | * [[T-shirt Sales]] | ||
| + | * [[Sports Tournaments]] | ||
| + | ** [[Golf Tournament]] | ||
| + | ** [[Flag football tournament]] | ||
| + | ** [[Dodgeball Tournament]] | ||
| + | ** [[Euchre Tournament]] | ||
| + | ** [[Poker Night]] | ||
| + | ** [[Quidditch Tournament]] | ||
| + | ** [[Capture the Park]] | ||
| + | |||
| + | ===Advanced Ideas=== | ||
| + | These are projects with significant investment in terms of planning, may be used for one off large budgeted cost events and likely require coordination across multiple committees in the Chapter. | ||
| + | |||
| + | * [[Battle of the Bands/Benefit Concert]] | ||
| + | * [[Dance Marathons]] | ||
| + | * [[Dance 'til You Drop]] | ||
| + | * [[5k Run/Walk]] | ||
| + | * [[Auction]] | ||
| + | |||
| + | ===Fund Raising Resources=== | ||
| + | * [[National Convention Fundraising]] | ||
| + | * [[Should Fundraising be Fun]] or just make money? | ||
| + | |||
| + | ==Managing Your Chapter's Money== | ||
| + | * How can we plan our '''Big Event funds''' more effectively? Read: "'''[[How to Buy a Big Gorilla]]'''" | ||
* [[Saving]] money. Should we save? How do we manage this well? | * [[Saving]] money. Should we save? How do we manage this well? | ||
| − | * How do we create | + | * How much should our [[Chapter Dues]] be in addition to the National Dues? |
| + | * What is an '''[[Endowment Funds|Endowment Fund]]''' and how do we create one? | ||
| + | * [[Chapter Scholarships]] | ||
| + | * [[Chapter Subrosa and Assistance Funds]] | ||
| + | |||
| + | ==Links to External Resources== | ||
| + | * [http://www.facebook.com/group.php?gid=8552848895 Phi Sigma Pi Fundraising Committee Facebook group] | ||
| − | + | '''IRS descriptions:''' | |
| − | * | + | * At the National level, Phi Sigma Pi is a [http://www.irs.gov/charities/charitable/article/0,,id=96099,00.html 501(c)(3) non-profit] |
| − | * | + | * At the Chapter level, Phi Sigma Pi chapters are considered [http://www.irs.gov/charities/nonprofits/article/0,,id=96189,00.html social clubs] by the IRS, meaning primarily that they do not pay taxes but can not directly take in tax-exempt contributions. Your Chapter needs to be incorporated in your state in order to receive a tax identification number. Chapters cannot use the national organization's tax identification number. |
{{Disclaimer}} | {{Disclaimer}} | ||
| − | + | {{Resource Guides Footer}} | |
[[Category:Resource Guides]] | [[Category:Resource Guides]] | ||
| + | [[Category:Fundraising Resource Guide]] | ||
| + | [[Category:Treasurer Resource Guide]] | ||
Latest revision as of 18:49, 1 October 2014
The Chapter Finance and Fundraising Resource Guide (a.k.a. The Money FAQ) intends to assist chapters in sharing ideas for chapter budgeting, long-term financial planning, and the challenging area of fundraising. This guide is not intended as specific or required direction on any topic, and it does not serve as substitute or supersede any direction on finances, payments due, or risk management areas (e.g. insurance) given by the National Governing Documents or the National Office.
Please join in making this living document and assisting other chapters by adding, editing, and improving the information contained here.
Contents
Fund Raising
Introductory Ideas
These ideas should require limited planning and up front costs These ideas should require limited planning and up front costs. They likely won't raise the most money but are quick and easy ideas. For Chapters who are struggling with fund raising or looking for new ideas this is a good place to start.
Intermediary Ideas
These projects may be recurring, can utilize more members of the chapter and can sustain the chapter's budgetary needs.
Advanced Ideas
These are projects with significant investment in terms of planning, may be used for one off large budgeted cost events and likely require coordination across multiple committees in the Chapter.
Fund Raising Resources
- National Convention Fundraising
- Should Fundraising be Fun or just make money?
Managing Your Chapter's Money
- How can we plan our Big Event funds more effectively? Read: "How to Buy a Big Gorilla"
- Saving money. Should we save? How do we manage this well?
- How much should our Chapter Dues be in addition to the National Dues?
- What is an Endowment Fund and how do we create one?
- Chapter Scholarships
- Chapter Subrosa and Assistance Funds
Links to External Resources
IRS descriptions:
- At the National level, Phi Sigma Pi is a 501(c)(3) non-profit
- At the Chapter level, Phi Sigma Pi chapters are considered social clubs by the IRS, meaning primarily that they do not pay taxes but can not directly take in tax-exempt contributions. Your Chapter needs to be incorporated in your state in order to receive a tax identification number. Chapters cannot use the national organization's tax identification number.
Disclaimer
All content submitted to the Phi Sigma Pi Wiki-based Resource Guides is considered the shared property of Phi Sigma Pi and its members. Please do not submit content unless you are comfortable that it may be edited, amended, altered or removed by other contributors. Malevolent destruction of content and/or posting of blatantly inappropriate content may be considered conduct unbecoming a brother.
Content that is likely to be considered unacceptable and inappropriate includes, but is not limited to: content relating to illegal activities of any kind, or activities prohibited by Phi Sigma Pi or University Rules or Regulations, references to (legal or illegal) use of alcohol or drugs, sexually explicit material or references and/or content describing or promoting hazing, discrimination, or harassment of any kind.
The appearance of external hyperlinks does not constitute endorsement by Phi Sigma Pi of the linked web sites, or the information contained therein. Phi Sigma Pi does not exercise any editorial control over the information you may find at these locations. Any external hyperlinks should conform to the rules as outlined in Editing FAQs otherwise they may be removed. Inappropriate adding of external hyperlinks may be considered conduct unbecoming a brother.
All content in the Resource Guides should be considered as advice only, and no content or advice should be followed if in conflict with the Phi Sigma Pi National Constitution, University Regulations, or state, local, or federal law.
