Fundraising
What is a donor in fundraising?
Somebody who gives money to support a particular cause
What is a grant application (or grant proposal)?
Before awarding a grant, most organizations require you to submit this written request to request money for a particular purpose.
Who is our most well-known sponsor?
Johnson & Johnson (subject to change)
What is ROI?
This financial acronym stands for the gain or loss from an investment relative to its cost.
How many members do you think we had in the 24-25 season?
150 (credit for +/- 25 members)
Name one fundraiser we have done in the past or going to do in the future.
Philly's Pretzels, Chipotle, Shake-A-Can, etc. (accept anything valid)
True or False: Grants are typically large sums of money paid in large installments.
False, at last for our team. Sponsorships usually give the largest amount of money. Grants are usually smaller to help cover some of our expenses---like computers for our team, for instance.
True or False: Typically, sponsors do not require marketing visibility in exchange for their sponsorship.
False, most sponsors require visibility in return for their donations. You'll be learning more about the tiers we offer of sponsorships.
What is the formula for ROI?
Divide the net profit by the initial/investment cost.
How many business departments are there?
What is a team budget?
Typically, this would detail the amount of money the team has currently, and this would be the list of parts, registration fees, travel, and other expenses your fundraising must cover.
To be eligible for many grants, your team must be connected to one of these tax-exempt entities. What is this entity called?
501(c)(3) nonprofit
What is sponsorship levels (or tiered sponsorship packages)?
This fundraising strategy involves offering tiered benefits, like logos on T-shirts or websites, based on how much a sponsor gives.
True or False: A project with a higher ROI is always the better investment.
False, because ROI doesn't account for risk, time, or scale.
What is the difference between Team 75 and Team 428?
Team 75: all juniors and seniors (tech or business), they also welcome underclassmen in business departments only
Team 428: all underclassmen in tech departments only
What is merchandise (or swag)?
These are small items like stickers, buttons, or 3D-printed keychains that teams often sell to raise money.
What is our parent booster club called?
PART 75
Before asking a company for funds, a finance team member should research this.
A company’s background or giving priorities
What is one factor that must be considered when comparing ROI?
Time, risk, etc. (any confounding variables in these estimations that might skew results).
How many tech departments are there? List 4 tech departments.
There are 7 departments. The departments are: programming, mechanical, design, carpentry, electrical, strategy, and safety.
A local pizzeria agrees to donate 10% of its earnings from a Friday night event. This is an example of what type of fundraiser?
Community partnership fundraiser (or restaurant fundraiser)?
What is the difference between a grant and a sponsorship?
A grant is a financial award given with no expectation of promotion or return, while a sponsorship involves funding in exchange for recognition or marketing benefits.
What is a sponsorship proposal (or sponsor letter)?
This is the formal letter or presentation you send to businesses when requesting sponsorship. At the RoboRaiders, we have one general one that we might tailor specifically to businesses when asking for a sponsorship.
An investment earns $2,000 in profit on an initial investment of $10,000. What is the ROI?
20% ROI
Name all of our executive leadership.
- Jay (CEO)
- Vikhya (President)
- Durga (Business VP)
- Alan (Outreach VP)
- Om (Tech VP)
- Neel (Tech VP)
- Darya (428 Captain)