If your nonprofit has been operating for a few years, you’ve probably hosted at least one fundraising event. Events bring your organization’s community together, spread awareness of your mission, and—when planned strategically—raise significant amounts of revenue for your programs and projects.
With the continued rise of virtual nonprofit events, you might be wondering whether they’re the best choice for your next event or if you should stick to a more traditional in-person format. The answer is it depends—there is no one-size-fits-all approach to fundraising event planning!
To help you decide, let’s break down four key event planning considerations and compare and contrast how each one applies to in-person vs. virtual events.
Look through your nonprofit’s database for the following information on past events:
Let’s say you’re planning your nonprofit’s fifth annual silent auction, which you’ve previously hosted in-person twice and virtually twice. When analyzing your data from all of these events, you find that:
In this case, the data suggests that a virtual auction would be the better option for your organization. However, the past doesn’t always reflect the present, so previous event data should be just one factor in your decision.
According to Double the Donation’s nonprofit events guide, the most common fundraising event goals are to:
Your fundraising event can accomplish one, two, or all three of these goals. Prioritize them as you plan, and choose your format according to your most important goal.
There are countless kinds of fundraising events your nonprofit could host depending on your supporters’ preferences and available resources. Some are better suited to in-person or virtual formats, while others could easily go either way.
If you’re unsure how to adapt a certain type of event to a particular format, do a quick Google search for resources, or contact other nonprofits who’ve hosted the same kinds of events and may be willing to share some insights!
For both types of events, there are ways your nonprofit can offset some expenses and make your budget more flexible, including:
Even with these offsets, you’ll still have an upper threshold for how much you can spend upfront, which may make or break your ability to host an in-person event.
If you still can’t decide between an in-person and virtual event, there is a third option in between the two: hybrid events. Although it can be challenging to manage both sides of the event at the same time, hybrid events combine the broad reach of virtual events with in-person events’ potential to create connections—essentially the best of both worlds! Consider experimenting with this format as well and adding its results to your data analysis to get a better idea of what works for your nonprofit.
David White is the Director of Nonprofit Sales at Winspire. The Winspire team is dedicated to supporting the nonprofit community by providing the best service and unique auction item experiences for their events. Winspire has helped over 75,000 nonprofit auctions across North America increase their revenue through events of all sizes.
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