Fundraising for Your Travel Adventure Part 1: Setting Your Budget Goal and Outlining a Plan
So you want to embark on the travel experience of a lifetime, but don’t have a stockpile of cash lying around? No worries! This three part series to FUNdraising will give you tips and tools to mobilize your personal network and help make your overseas adventure a reality.
While daydreaming about your travel destination is a helpful motivator, to really achieve your travel goals requires a plan. Below is an outline of how to get started in your fundraising efforts.
Setting Your Fundraising Goal and Plan
The first step to starting your fundraising journey is setting a fundraising goal. This goal is determined by how much money you will need to fundraise in order to make your trip a reality.
Before establishing your goal, you will need to begin by assessing the amount of funding you personally can contribute to your program. Once you know the cost of the program and your personal contribution, you can calculate your fundraising goal.
Use the following equation to determine how much you will need to raise to be able to go on your travel program.
Cost of Greenheart Travel Program – Funding You Already Have = Fundraising Goal
For example, if you plan to attend a program costing $7,890 and have $4,000 saved, your fundraising goal would be the remaining $3,890. Don’t forget to consider the price of a flight and any additional costs like food to make sure you are financially secure during our time abroad.
After you have established your fundraising goal it is time to create a timeline of when you will need your travel funds. Work backwards on a timeline to achieve your fundraising goals that meet your ideal departure date.
Consider Supportive Communities in Your Network
With your timeline and goal in mind, you can start to assess what communities you can reach out to for support. It is important to remember that fundraising takes time and you will likely need to reach out to various groups at different times to meet the full fundraising amount.
A few questions you can use to discover what networks you belong to outside of friends and family are:
- Do you attend a school that will allow you to fundraise for personal needs?
- Are you part of a sports team or extracurricular group?
- Are you part of a religious community?
- Do your parents have friends or colleagues who are interested in supporting you?
Begin to write down the groups of people you can reach out and the contact information for individuals within those groups. In addition, start to think about when is the best time to host an event, or speak to these communities.
For example, if you only see your classmates during the school year, considering inviting them to a fundraiser during this time.
Using the tools above, get started on your fundraising plan. Stay tuned for our next blog, PART II: Making the Most of Local Resources to Meet Your Goals, which will provide you with specific fundraising ideas and resources.