What is Peer-to-peer Fundraising in Nonprofit World?

Dr Saumya Arora About Dr Saumya Arora

Dr. Saumya Arora is a development professional with cross-disciplinary experience in project management, resource mobilization, donor relationship management, community mobilization and project execution at the field level. She is currently working towards building fundraising and resource mobilization capacity of community-based organizations, apart from developing functional linkages with donors across the world.

Peer-to-peer fundraising or P2P fundraising is getting a lot of attention by nonprofits these days. Although crowdfunding and P2P are being used interchangeably, it is important to note that the two are different. P2P fundraising is a specific type of crowdfunding, wherein you can leverage your supporters and advocates to raise funds for your non-profit. It helps you reach a large number of audiences and donors, with added advantage of increased network, as it is the network of your supporters also that you get to tap to boost your fundraising efforts.

Though the concept is not new, it has been here since years. You might have seen celebrities’ events to fundraise for a charity, or even school children raising funds for a Cancer Aid Society. All these are examples of this unique personal or social type of fundraising. How your nonprofit can leverage its social capital, supporters, advocates, and well-wishers to fundraise and further the cause? What are the benefits? Read ahead:

Benefits of P2P Fundraising:

  1. Trust factor: Your supporters and advocates for your cause find support for you in their networks, so there is a trust factor involved. It is because of them that you find more support in terms of funds and resources.
  2. Vast reach potential: As a result of its multi-tier or multi-level mechanism of raising funds, P2P fundraising has the potential to make your voice heard to a larger audience. You can reach out to a larger donor population with this approach.
  3. Least costs, most chances to get funds: This approach does not require huge funds or resources, not even time and efforts like other fundraising efforts like events, campaigns, etc. Yes, of course the preparatory work, roll out and post-campaign efforts have to be put in diligently. Yet, the cost of implementation is very very low if compared with other fundraising methods. Plus the chances to get funds are very high because of added advantages. So cost-versus-benefit ratio makes it a valuable proposition for a nonprofit.
  4. Online platforms: all the ease and all the speed: With so many online platforms available these days, the nonprofits can have all the ease to spread the word with great speed. Even your peer fundraisers can tap the potential of these online platforms. There are many successful examples of the use of these for raising funds. P2P helps you to reach to un-accessed e-groups and online communities this way.
  5. Social mediaSocial media is everywhere. Everyone is out there expressing, sharing, liking, and doing so many things on this virtual world where everyone is connected to everyone else. P2P can help you and your peers to use social media for your cause. In fact, you can complement the efforts of your peer fundraisers by using social media for well-timed, focused and campaign-mode communication efforts. It can up their efforts a million times.
  6. Mobile makes money mobile: In this super connected world, mobile has brought revolutionary changes in the ways we function. Ranging from personal interactions, social life to formalized ones like banking, everything can be done the mobile-way. P2P also can tap the opportunity to use mobiles for tracking donations, spreading the word, campaigning activities, and so many other ways.
  7. Lets everyone know you and strengthens bonds: Apart from raising funds from unexplored networks of your supporters, it gives your supporters an opportunity to do good for the cause they believe in. So it strengthens the bond that your organization and the supporter share. Remember, only those who believe in you will ask others to support you. So, involve your supporters and well-wishers and thank them adequately for doing so.

Next>>

Latest Funds for NGOs

Help The Homeless: Supporting Homeless Charities throughout the UK

British Embassy Call for Proposals on “Access to Information and Media Environment” in Vietnam

Fulbright-Hovnanian Grant: Inviting Applicants from Armenia

ADC Call for Applications: Austrian Partnership Programme in Higher Education and Research for Development (APPEAR)

U.S. Department of State, Bureau of PRM: Seeking Applications for Resettlement Support Centers Program

LEAP-Agri Call for Proposals: EU-AU Partnership on Food and Nutrition Security and Sustainable Agriculture (FNSSA)

U.S. Department of State, Bureau of INL: Countering Wildlife Trafficking in Indonesia

Innovation Fund Denmark: 2017 Open Call under “Grand Solutions” Programme!

EU Action Grants: Seeking Proposals for Union Civil Protection Mechanism!

U.S. Department of State, Bureau of NEA: Supporting Tunisia’s Agribusiness Sector

Call for Concept Notes: EEA and Norway Grants Fund for Youth Employment

Seventh Generation Fund: Promoting Indigenous Peoples’ Self-Determination and the Sovereignty of Native Nations

DFID Call for Applications: Global Mine Action Programme Phase II

The Research Council of Norway: Inviting Applications for “NORGLOBAL Programme”

U.S. Department of State, Bureau of CT: Counterterrorism Training for Magistrates and Civilian Administrators in Regions Vulnerable to Terrorism

U.S. Department’s Federal Transit Administration call for Applications: Low or No Emission (Low-No) Program FY 2017

Apply to Participate in 4th ‘Women Leading, Women Organising’ Training!

The Fresno Chaffee Zoo Wildlife Conservation Fund: Supporting Projects Conducted and Focused in the United States

The Denver Foundation: Lauren Townsend Memorial Wildlife Fund Grants for U.S. based Organisations

Call for Applications: MRC-AHRC Global Public Health Partnership Awards

USAID’s Global Development Alliance: Partnering to Accelerate Entrepreneurship (PACE) Initiative

Applications Open for Rural Women New Zealand’s Education Fund!

The U.S. Embassy in Monrovia: Call for Proposals for Julia Taft Refugee Fund

Hedayah Call for Proposals: Supporting Civil Society Initiatives to Prevent and Counter Violent Extremism