Raising money can be challenging. Raising money for a friend has its own challenges, depending upon why the money is needed. There are several reasons for why you might need to raise money for a friend, including job loss or even serious illness. Depending upon the situation, raising money for a friend may or may not present its own set of challenges. If you have a friend in need of money and a talent for soliciting funds, you may be able to help see your friend through hard financial times.
Instructions
1. Approach mutual acquaintances you and your friend may have. Explain the situation and ask for a contribution to help your mutual friend through a financial crisis. Approaching friends of your friend in need is an effective way to at least get a help fund started.
2. Collect donated items from local establishments, friends and family members, and hold a weekend yard sale to raise funds.
3. Arrange a party and charge a nominal entry fee. Invite mutual friends and others. Consider selling raffle tickets as well for a door prize. All of the funds collected from the entry fee and the raffle will go toward helping your friend.
4. Host a sports event fundraiser. Plan a golf fundraiser and invite your friend, mutual friends, and friends of mutual friends to a day of golf followed by a barbecue. Add the money raised to any other funds you're able to collect. Additionally, you can sell plates of food at the event. A marathon is another sporting event you can use to raise money. Ask donors to pledge a dollar amount for every mile the marathon participants run.
5. Set up a website with an online donation site as an effective way of reaching a wider range of people. The website should tell a potential donors about your friend and his situation.
6. Take out a loan if you're fundraising efforts don't raise all the money your friend needs, and if you are in a position to do so. If the friend is trustworthy, draw up a legal agreement with her that allows her to pay back the loan on a schedule. Tell your friend she doesn't need to pay the money back at all if you are in a position to take the financial loss.
Tags: your friend, mutual friends, raise money, friend need, friend through