Securing funds is important, but can sometimes be a complicated process. Here are some suggestions for how to raise money for your Chapter’s activities:
1. Seek out resources on your campus to support your Chapter
- Register with your school as an official club so you can get access to funding, rooms on campus, and other resources
- Research other places to get university funding such as student activities and affairs, career services, centers of community engagement, and Dean’s grants and awards
- If you are planning a program or event, think of campus offices which might be able to provide financial or logistical support
2. Membership Dues
If allowed by your school, this can be a good way to raise funds. Make sure you are familiar with your school’s rules and how they apply to your Chapter.
Unfortunately, Net Impact Central can't extend our nonprofit tax-exempt status to your Chapter. More information about this topic can be found below. Campus-based Chapters may have tax-exempt status extended by their school and may be allowed to raise funds through some of the following methods:
- Charge admission at events
- Host fundraisers such as galas, garage sale, raffle nights, etc.
- Sell products such as Chapter t-shirts, reusable water bottles, mugs, etc.
- Ask for in-kind donations from local organizations
- Ask for donations from Chapter and/or university alumni
- Many restaurants will offer to give your organization a certain percentage of sales from customers who show a flyer, especially near college campuses. Consider checking around town for businesses that offer this
4. Apply for Net Impact Central Supported Programs
Many of the Net Impact Central Programs are executed in partnership with Net Impact Central staff and partner organizations at no cost to your Chapter. Other programs provide funding for Chapter Leaders to execute. These Programs provide a great way for your Chapter to easily implement a variety of low-cost activities to develop members’ skills, interests, and abilities in pursuit of impact.
5. Go for Gold Status and Chapter of the Year
Can I Use Net Impact’s Nonprofit Tax Exempt Status?
Net Impact Central’s nonprofit tax-exempt status does not extend to Chapters, so Chapters are unable to use Net Impact's tax ID. Tax laws are extremely strict regarding fundraising and expenditure of funds, so Chapter activity that infringes on these laws could threaten Net Impact Central’s nonprofit status.
However, your Chapter can individually apply for 501(c)3 status if you would like to have more flexibility in forming permanent partnerships and securing cash or in-kind donations. For campus-based Chapters, your school likely extends nonprofit status to you as an official organization (check with your school for details). For international Chapters, we recommend that you refer to your country’s laws with respect to tax-exemption.