Can Flexible Giving Options Open Events to New Donors?
From small community affairs to large annual galas, events help nonprofit organizations spread awareness, find new donors, and secure gifts from current donors.
But events take significant resources – both financial and human – to run successfully. Much of the financial burden is then passed onto donors by way of ticket prices. Add a fundraising component on top, and suddenly there’s an inherent barrier to entry that excludes some of your most important supporters and community members.
At the same time, we've seen a loud call for greater diversity, equity, and inclusion across the nonprofit sector.
How can we remove the cost-prohibitive nature of nonprofit events and activities so they can help us fulfill the financial and inclusive intentions that we have as organizations and institutions?
Givzey believes flexible giving options can empower new donors and supporters to have deeper engagement with the causes that they are most loyal to. Give Now, Pay Later (GNPL) provides access and exposure to all donors who want to engage with an organization.
Givzey's Give Now, Pay Later for events is the first solution to empower donors to purchase a nonprofit event ticket now, and pay over time. Meanwhile, the nonprofit receives the full ticket and donation revenue upfront.
Here are 3 Ways Nonprofits Use Give Now, Pay Later for Events
1. Give Now, Pay Later for Gala Tickets
Many higher education institutions and independent schools have trouble attracting young alumni and young donors to annual galas or formal events and must balance pricing discounts with giving revenue goals. Givzey changes this dynamic by lowering the cost of entry without impacting revenue, and empowering anyone to pay for their admission or a table with the flexibility of Give Now, Pay Later.
2. Give Now, Pay Later for Auctions
Live and silent auctions are fixtures at fundraising events. But bidding often stalls when the perceived value of an item conflicts with what a donor is willing to pay on their next credit card statement. Give Now, Pay Later through Givzey empowers donors to spread those payments over time – without fees or interest, significantly expanding their bidding capacity.
3. Give Now, Pay Later for Golf Tournaments
Golf Tournaments are an effective way to bring together a community, cultivate prospects, and expand your reach into your existing donors’ own networks. But, funding a foursome, calling out of work for the day, and keeping it on the short stuff is a lot to juggle. Give Now, Pay Later with Givzey helps donors ease the financial burden of a golf tournament and opens entry to a more diverse crowd.