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In a society, NGOs are crucial for addressing social issues and driving change. But to bring change, sustain, and expand their impact having funds for NGO activities is needed. So, it is essential for the NGO to implement some effective fundraising strategies.
But before raising funds for NGOs, they must have a certification of FCRA Registration to receive foreign contributions. The certification is important to receive foreign funds for NGOs in India. The government with the help of some schemes helps NGOs to grow and solve the problem on the base level.
The NGOs are Non-Governmental Organizations which are non-profit community-based organizations. This is a group that works independently outside the government.
In India there are three types of NGOs:
The NGOs are called civil society organizations, which are established on community, national, and international levels to serve social and political goals. Some Indian NGOs are Smile Foundation, HelpAge India, Child Right and You, Goonj, and Care India.
Different NGOs works for different reasons such as some work for humanitarian cause, protection of the environment, support of the poor, reduction of crime, health and health emergencies, education, and many more.
To run an NGO funds are required to do daily operations. For raising funds for NGOs, here are various ideas to raise funds for NGO:
Organizing an event for a social cause will definitely help to collect funds for the NGO. But it is important to conduct a balanced event means the number of resources invested and the expected amount to raise. The expected amount should be higher. Some ideas for events are a walkathon, charity dinner/ lunch, and cultural events.
Meeting people face to face will create personal contact which leads to better communication. It is a time-intensive way to raise funds and the agenda of the meeting will depend on the size of the gift you want to ask for. The agenda of the meeting can be: inviting the donor for a visit or meeting at their home.
Network fundraising is also known as friendaising. In this, you reach new donors through your contacts. This method works if you connect with people who have a good following of people in a particular group or society. For instance: when you organize an event, tell the existing donors to bring some of their friends which eventually increases the chance of converting new donors.
Online Fundraising or Through Social Media
In the last decade, online fundraising has become common because of the Internet. Now through various platforms, it becomes easy to show the cause of fundraising in one go to millions of people just because of social media. Online fundraising is easy as well as cheaper.
Volunteering
College students who have time and willingness to learn with some expertise can be a good resource for NGOs to increase the number of members. Volunteers can help in organizing fundraising programs in return for some supervision and compensation for expenses like travel.
Selling products will be beneficial for the organization because the major part of the profit will go directly to the organization. This is a great idea because the buyers get some product in return for their money and whenever they use the product they reminded the organization. For instance, handmade things, small daily usage products, and sale of products donated by different sponsors.
Other than the above ideas, these are some other ways through which you can raise funds for NGOs in India.
The government has done efforts to promote and support NGOs in the country. By recognizing their role in society, the government has launched several initiatives and policies for the growth of NGOs.
One of the key initiatives is implementing the Foreign Contribution Act which allows charitable trusts and other entities to receive foreign contributions. The primary objective of FCRA is to legalize the receives of foreign contributions. All the charitable trusts, societies, and companies registered under Section 8 must apply for FCRA registration.
This builds transparency and accountability in the sector and helps NGOs to expand their resources. Also, the government provides tax exemptions to the NGOs who are registered under the Income Tax Act, of 1961.
Although the individuals who provide the contribution can also avail of the tax benefits on that amount. This attracts more funds for NGOs and enables them to take the initiative.
NGOs and government agencies can work together and leverage the expertise and resources of each other. Also, NGOs can reach out to government agencies to raise social and development challenges.
Also, it can enhance the contribution to the overall welfare of society. Along with this, the government has launched many programs that directly involve NGOs to make sure efficient and grass-root level implementation.
With these efforts, the government is creating an enabling environment for NGOs to contribute to social development. This support of the government will not only enhance the working style of NGOs but also help citizens to participate actively and do perform their social responsibilities in the country.
A FCRA registration and certification are important before raising funds. The registration of NGOs in India is important for the following reasons:
Conclusion
FCRA registration certificate is important for NGOs as it ensures that NGO is working as per the legal compliances. At Registrationwala, we help NGOs to do FCRA registration. We can assist you with the FCRA registration process by providing you with the following services:
Connect with us if you want the FCRA registration certificate in minimum time and FCRA online Registration fees. You can also check your online FCRA registration status on their official website.
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Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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