Fundraising Event Budget
A fundraising event budget can help you plan and prepare for your upcoming Fundraising Event by anticipating income and expenses. Whether you are hosting a walk-a-thon, charity golf tournament, gala and charity auction or other fundraising event, financial tracking and planning is one key ingredient to making your fundraising event a success.
DOWNLOAD: Sample Fundraising Event Budget
Income & Expenses
Setting estimated values for incoming revenue from ticket sales, sponsorships, online donations and product sales can help you estimate projected income and establish financial goals for your fundraising event. Once goals are set, you can continually monitor progress and identify any shortcomings. If you have earned less than projected in sponsorship dollars, perhaps you can step up your game elsewhere. Monitoring incoming donations is easily done on your fundraising website. Your organization sets a fundraising goal and then automatically tracks this progress as donations come in with a fundraising thermometer. If your organization falls short of reaching your goal, you can send an email to your constituents informing them of the gap and need for funds, helping to rally last minute donations.
Similarly, estimating expenses can help you during the planning stages to ensure you are staying within your budget, and not spending too much time or money on any specific initiative. This fundraising event budget is pre-populated with examples of items you may want to include such as: venue rental, marketing expenses, food and beverages, entertainers, prizes and event fundraising software.
The sample fundraising event budget here also includes a profit/loss summary to help you visually compare income and expenses so your organization can be aware of your breaking point and profitability margin.
Whatever size fundraising event you are hosting, this fundraising event budget will serve to help predict and estimate costs and income. After all, the point of hosting a fundraiser is to raise money for your cause.
Remember the items included in this sample fundraising event budget are only an example of a typical fundraising event, with sample values that may be quite different from your actual fundraiser. Please edit this so it reflects the income and expenses associated with your specific event, and be sure to pay attention to formulas embedded in the worksheet to ensure your values are totaling correctly. You may also want to review your fundraising budget with a committee or consultant, to assist with product ordering, fundraising and profitability goals.