{"id":4993,"date":"2018-03-21T08:00:43","date_gmt":"2018-03-21T14:00:43","guid":{"rendered":"https:\/\/www.noyeshallallen.com\/blog\/?p=4993"},"modified":"2019-03-19T09:38:11","modified_gmt":"2019-03-19T15:38:11","slug":"how-to-keep-the-funds-in-your-fundraising-event","status":"publish","type":"post","link":"https:\/\/www.noyeshallallen.com\/blog\/how-to-keep-the-funds-in-your-fundraising-event\/","title":{"rendered":"How to Keep the Funds in Your Fundraising Event"},"content":{"rendered":"

\"\"<\/p>\n

 <\/p>\n

You created a fabulous signature event for your non-profit. The stakes are high. Your budget \u2013 maybe your job \u2013 depends on its success. But you\u2019ve done your homework. The board is jazzed. Volunteers, donors and the venue are ready. Publicity and social media are on point. RSVPs and reservations are rolling in.<\/p>\n

Now all you need is good luck. Here\u2019s how to stack the odds in your favor.<\/strong><\/p>\n

Your Programs Depend on the Event\u2019s Revenue. Protect It <\/strong><\/h2>\n

<\/h4>\n

\"\"Insure the weather. <\/strong><\/h4>\n

Does the forecast keep you up at night for weeks before your event? Believe it or not, you can insure the weather. A special insurance policy can reimburse you for lost revenue caused by stormy weather.<\/p>\n

How does weather insurance work? Pick the amount of income you want to protect, and a \u201ctrigger\u201d. For example, if it snows more than 6\u201d at the event site, your insurance pays the amount on your policy.\u00a0 It might cost a few points of revenue, but it\u2019s better than a big loss if the weather makes everyone stay home.<\/p>\n

Hire Out the Risky Stuff <\/strong><\/h4>\n

Your non-profit is probably not in the business of tending bar, supervising a road race or shucking oysters. Do yourself a favor: hire a professional. One with their own insurance.<\/p>\n

Don\u2019t take on a lot of risk for a little savings. If something goes wrong, those savings are soon forgotten. But the injury or damage you caused to others \u2013 and to your reputation \u2013 could last a long time.<\/p>\n

Protect Donations <\/strong><\/h4>\n

Do you collect and store auction prizes and other donations before your big event? Don\u2019t let a broken pipe, fire or theft erase the good they were intended to do. Add them to your insurance policy \u2013 and remove them after the event. \u00a0It doesn\u2019t cost much, and can save a lot.<\/p>\n

While we\u2019re at it, make sure you have \u201cmoney and securities\u201d coverage and \u201cemployee dishonesty\u201d coverage. Make sure your organization keeps the funds you worked hard to raise.<\/p>\n

\"\"Love Your Volunteers<\/strong><\/h4>\n

Your organization would be lost without them. You appreciate the heck out of them. Do you treat them that way? Would you leave them out to dry if they got in trouble from working your event? Does your insurance protect them against lawsuits for injury or damage they cause while volunteering? If not, fix that. Now.<\/p>\n

What about board members? Committed directors are hard to find. Does your non-profit have Directors & Officers Liability coverage? Those with considerable assets are more likely to serve if they have protection from lawsuit. Don\u2019t you owe that to them?<\/p>\n

 <\/p>\n

Talk to your insurance agent about your event. Explore the coverage we listed above. See what fits your budget. Better to explain to your board that you investigated insurance and chose not to buy it than that you never thought of it.<\/p>\n

Noyes Hall & Allen helps Greater Portland non-profits manage their risk within their budget. That allows them to stay true to their mission and avoid financial catastrophe. If you\u2019d like to talk to a Noyes Hall & Allen Insurance agent, call 207-799-5541. We\u2019re independent and committed to you.<\/p>\n","protected":false},"excerpt":{"rendered":"

  You created a fabulous signature event for your non-profit. The stakes are high. Your budget \u2013 maybe your job \u2013 depends on its success. But you\u2019ve done your homework. The board is jazzed. Volunteers, donors and the venue are ready. Publicity and social media are on point. RSVPs and reservations are rolling in. Now […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,22,11,53],"tags":[38,32,81,30,43],"class_list":["post-4993","post","type-post","status-publish","format-standard","hentry","category-business-insurance","category-business-liability-insurance","category-business-property-insurance-business-insurance","category-professional-liability-insurance","tag-community","tag-doing-business-in-maine","tag-non-profits","tag-storms","tag-water-damage"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/4993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/comments?post=4993"}],"version-history":[{"count":8,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/4993\/revisions"}],"predecessor-version":[{"id":5003,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/4993\/revisions\/5003"}],"wp:attachment":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/media?parent=4993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/categories?post=4993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/tags?post=4993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}