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However, effective procurement requires a strategic approach so you can use your nonprofit’s resources wisely and maximize the amount of event funding you can put toward your mission. One critical success factor in planning an engaging auction is securing high-quality, unique items that appeal to your target audience.
Kumar Kannan: Spend Wisely As You Buy Let’s talk procurement. Kumar Kannan, from Procural LLC, educates us. Kumar Kannan, from Procural LLC, educates us. Odds are you can save big if you shop smartly. Consolidation. Group Purchasing Organizations. Negotiating. Payment terms. Warranty terms. These will all save you money.
Key Takeaways from Greater Giving’s Q3 Nonprofit Trends Survey on Auction Item Procurement At Greater Giving, we aim to empower nonprofits with the tools and insights needed to maximize fundraising success. These findings can help you fine-tune your auction item procurement process and achieve better outcomes at your next event.
Conquering Donation Procurement: Track, Thank, and Triumph at Your Next Fundraising Event As fundraising professionals, we know the magic of a well-stocked fundraising event. Fundraising procurement of donated items fuels excitement,drives bids, and ultimately, raises crucial funds for your cause.
Whether you are a government program manager or a procurement director, appreciation of such nuances can help enhance efficiency and efficacy. While the terms are often used interchangeably, they represent different roles and responsibilities important to any successful grant-funded initiative.
Adequate technology or systems to manage the grant and track key elements like expenses, deadlines, procurement requirements, and other items. Depending on the size of the organization, this could include more than one role for one person. Knowledge about how to administer the grant and the rules that need to be followed.
Procurement and Modified Total Direct Cost (MTDC) Thresholds Increase (§200.313(e)(1), §200.314): Upon closeout of a federal grant award, recipients can retain, sell, or dispose of supplies and/or equipment at a threshold level of $10,000 instead of $5,000. This allows for more flexibility at the end of a grant award period.
When it comes to organizing a successful fundraising event, one key position often stands out—the Procurement Chair. Let’s delve into the responsibilities, strategies, and impact of the Procurement Chair in making your event a roaring success. The Procurement Chair develops an item donation form that serves as a tracking tool.
Propeller facilitated equitable procurement processes in the green infrastructure sector, connecting BIPOC-owned businesses with key agencies like the Sewerage and Water Board. This collaborative effort not only strengthened community engagement but also cultivated new partnerships in Bostons social impact ecosystem.
He oversees all aspects of Americares financial management, including planning, budgeting, forecasting, procurement, treasury, investments, accounting, grants and financial reporting, according to a statement from the organization. Bruce Pankey is the new chief financial officer and treasurer of Americares in Stamford, Connecticut.
Download the guide to learn more about the procurement process. Before you can find the right solution, it’s important to determine your organization’s unique needs, ask the right questions of potential software providers, and secure support for the project.
Grant funding requires that you not only stick to your approved budget, but you also follow the funder's procurement and conflict of interest requirements. Join us as we talk with Lucy Morgan, aka My Fed Trainer, about the procurement and conflict of interest specifics found within the Uniform Guidance (2 CFR Part 200).
When it comes to post-award grants management, a huge focus area (and an area ripe with single audit findings) is procurement. Procurement is the oversight process for ensuring compliance with applicable federal requirements related to subrecipient and contractual partnerships. First off, why is procurement so important?
Auctions are great opportunities to raise significant funds for your organization, but procuring auction items can be tricky. Your goal should be to procure appealing items that encourage attendees to bid. Manage auction events, from item procurement to bidding and checkout. Send donation requests via email and texts.
Once you understand what’s required for a successful auction—one that meets or exceeds its revenue goal—you can confidently set your procurement goals and define your event budget. Know your audience and tailor your auction items procurement to fit their interests and budget. Every calculation stems from this key number.
Behind-the-Scenes Heroes Procurement Powerhouse In order to hold a successful auction, you need a stock of highly prized items. This team: Holds a procurement brainstorming party to identify items to target for donation. Manages various methods of communication: TV, print, web, email and social media.
To run a silent auction, you’ll need to plan many logistics, such as how guests will bid on items, what items you’re procuring, and how you’ll process donations. In addition to your fundraising tools, in-person venue, and auction entertainment, you must consider the price of procuring items and paying staff. Procure auction items.
How to get a Google Ad Grant for your nonprofit Now that you understand the basics of how the Ad Grant program works, it’s time to get started on the procurement process. If you already have an account, you can use it to procure your nonprofit’s Ad Grant. Enroll in Google for Nonprofits by creating an account.
Auction item procurement. Procure auction items . When identifying the best items to procure, follow these top tips: Review your past auction’s performance. When identifying the best items to procure, follow these top tips: Review your past auction’s performance. Get creative with your procurement team!
Even the “easy” items take work to procure. Putting together an auction is a lot of work. Your committee may have lots of ideas for items to go after, but if you’re lacking in the creativity department, check out FrontStream’s list of 101 awesome auction items.
The Texas Department of Information Resources (DIR) has done most of the lift for you, offering a procurement pathway that ensures compliance, efficiency and cost saving for state and local agencies. Even better news? Fluxx is able to be purchased through the DIR contracting vehicle!
They’ll also handle any event-specific tasks—for example, they’ll oversee item procurement for auctions and book a golf course or venue for a golf tournament. When filling this role, look for someone with a wealth of event planning experience.
In recent months, several trends have emerged in the landscape of grant procurement, reflecting both ongoing challenges and new opportunities. These include: Increasing emphasis on grants that address pressing societal issues, such as climate change, public health, and social inequality.
Start with more items on your list than you’ll actually need (you probably won’t procure all of them). As you procure your auction items, make sure you are recording a detailed description of each one, along with its estimated fair market value. Happy procuring, and good luck with your fundraising efforts! Wine or food baskets.
Win strategies are devised, value propositions are offered, the science case is conceptualized, solutions are engineered, graphical depictions of funder visions are created, and win themes and discriminators are sprinkled throughout the proposal – all carefully developed from the issues surrounding the procurement.
But there are some lesser-known benefits that can help your nonprofit skyrocket into success: In-kind donations: Ask sponsors for in-kind donations in your procurement letter , such as catering, venue space, or promotional materials, reducing your event costs and increasing the overall funds raised.
These are the folks who are great candidates to help you procure top-notch auction items for your event, or even donate to be part of the experience (dinner wine, tasting bar, gifts, etc.) Tips for Successful Wine Procurement Start early! Wine Makers This can include wineries/wine tasting rooms/wine bars/wine retail shops, etc.
Higher Education Advancement: Faculty promotion, advancement, and tenure are often directly tied to your success in grant procurement. This in turn relates to your reputation as a researcher and the prestige of your institution.
Equally, leadership training has become increasingly significant for those who need to be successful at managing and implementing grants, for their leadership skills will have an important effect on their teams and their ongoing efforts to continue procuring external funding. These include: 1.
Procure a great prize. Select a desirable donated item to set as the prize, or procure one specifically to be used in the Paddle Drop. How do I hold a Paddle Drop? First, set a donation amount. Select an amount that’s attainable for any bidder who wants to participate in the Paddle Drop.
Universally, an institution that succeeds in its external funding efforts is one that develops a culture for grant procurement. In addition, the orientation for all newly entering faculty should stress the importance of research, grant procurement and the assistance that the university provides in those respects.
On top of the venue details, ticketing, and marketing you’re used to handling for general fundraising events, there’s item procurement and bid tracking to consider. Which items should you procure, and how? Item procurement. Choosing and setting up the right software and procuring items can be a very lengthy process.
The $12 million donation will be dispensed over the next three years to support the Rise Against Hunger’s local food procurement efforts, sustainable agriculture projects, and packaging and distribution of meals.
Explore what makes an item “high-yield,” how to identify potential high-yield items, and get tips for procuring and maximizing the value of each item in your auction. Boosting the Revenue Potential of Charity Auction Packages Simply procuring high-yield items isn’t enough—you can also employ strategies to maximize their revenue potential: 1.
The difference is with a 50/50 raffle, you can skip the prize procurement process. Kansas Advocates for Better Cares Raffle Ticketing Form via CauseVox) Marketing Your 50/50 Raffle Since youre not having to handle physical tickets or procure a prize, you can allocate this time to marketing!
Procure two similar auction items and a consolation prize. One envelope awards the winner a much more expensive, full-featured “Make It” prize, while the “Break It” envelope awards nothing. You won’t actually let them walk away with nothing, though!). How do I use “Make It or Break It”?
Hosting a Pre-Event Wine Tasting If procuring donations is challenging, consider hosting a pre-event wine tasting with your team members. Approach wineries and vineyards for potential donations or sponsorships, leveraging the mutual benefits of exposure and charitable involvement.
Set a meeting early with your auctioneer to discuss what items you have procured, and they can offer strategic guidance on what belongs in the live auction , or what might be better suited to the silent auction. In which order should you present each live auction item? What starting prices will yield the highest bids?
Use auction categories like “Travel,” “Sports,” or “Dining” to focus your procurement efforts and create packages that align with donor interests. Explore Greater Giving’s Auction Item Procurement Guide to secure auction package tips that bring in big bids at your next event!
That’s where auction procurement comes in. Auction procurement is a process of finding donors who can give you items at no cost in exchange for publicity and recognition at your event. But before you begin asking around for donations, there are some steps that need taking first: What is auction procurement?
An ERP system serves as the backbone of an organization — integrating various business processes such as finance, human capital management , and procurement.
To make your fundraiser truly remarkable, it’s essential to employ effective procurement strategies. Craft a Compelling Request Letter for Auction Items for School Fundraisers with a Due Date To kickstart your procurement efforts , prepare a well-crafted request letter addressed to potential donors in your community.
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