Fundraising FAQ

What is my fundraising commitment?

As a Powered by Hope team member, you make a commitment to raise a minimum amount of funds for New Hope Academy.  the amount is determined by which team you signed up for.

 

What happens if I don’t meet my fundraising goal?

First, you will be given a date, March 7, 2014, to opt out if need be. If, for any reason, you need to back out, you may do so without penalty at this time. However, if you choose to proceed with the fundraising commitment and do not meet your goal (either through fundraising, personal donation, or company matching), the credit card that you provided during the registration process will be charged for the difference between what you have raised and whatever your minimum commitment is. The charge will occur on April 21 or 22, 2014.

 

Who should I contact if I need to opt out?

Please email Jennifer Beck at jbeck@nhafranklin.org.

 

When people donate to me, are their contributions tax-deductible?

Yes, Powered by Hope exists to benefit New Hope Academy. New Hope Academy is a 501(c)(3) non-profit organization. Under the tax code, all donations made to New Hope Academy are 100% tax deductible.  In order for the donor to receive the tax receipt for check donations, checks must be made out to New Hope Academy, and not to you personally.

 

Will my supporters receive a tax receipt for their contribution?

If they make a contribution via FirstGiving, then they use the FirstGiving receipt as their tax proof.  If someone wants a receipt beyond the transaction receipt they receive from FirstGiving, they can contact Jennifer Beck, for a receipt at jbeck@nhafranklin.org.

If they make a donation via personal or company check, the check MUST be made out to New Hope Academy and not to you personally.  The person/entity writing the check gets tax credit.  Therefore, if you collect cash and checks made out to you, and you in-turn write a check to NHA, technically you are the one that receives the tax credit.  However, your donors don’t need a tax letter in order to write off a donation under $250.

 

When do I need to start fundraising?

We suggest that you begin fundraising as soon as you register. Click here for our Fundraising 101 guide.

 

What is the fundraising deadline?

The deadline for fundraising is April 20, 2014. After that point, as mentioned above, your credit card will be charged for the amount you did not raise.

 

What is the average contribution for online giving?

The average contribution for online giving is $100.  That is significantly higher than the average for mail-in check contributions.  This is why we encourage participants to set up their Firstgiving.com account and include their personalized link in their fundraising letters and emails.

 

What is Firstgiving.com?

Firstgiving is a website that provides online fundraising services to those raising money for non-profits.  They will be handling all of our online donations for Powered by Hope.  Don’t forget to set up your personal online fundraising page with them.  Participants should include the URL to that page in their fundraising communications.

 

How do I set up my personal fundraising page with FirstGiving.com?

This guide will get you started.

 

How do I get credit for contributions I receive by check?

Make sure all checks have “PBH <<YOUR NAME>>” written in the memo line.  This will ensure that New Hope Academy’s business office will know the donation should be credited to your account.  You also may manually add offline contributions to your personal FirstGiving page.  It’s quick and easy to do.  Click here for complete instructions.

 

Can I fundraise without using FirstGiving.com?

It is certainly possible to fundraise without using the online donation component of Powered by Hope, hosted by Firstgiving.com.  However, this is not recommended.  You will significantly decrease you overall donations if you do this. Why?  The average contribution for online donations is nearly twice as high as that of mail-in donations.  We strongly recommend that you to encourage your donors to use FirstGiving.com as their primary donation method.

 

Can I fundraise without writing letters?

As we said above, you could do that.  However, since some people still prefer physical letters to email, we suggest you cover your bases by sending both.

 

Are there other ways to fundraise besides sending letters and emails?

We’ve heard of all kind of creative fundraising ideas, garage sales, bake sales, corporate matching, etc.  We encourage you to be creative!

 

Someone mailed a donation check to me instead of New Hope Academy. What do I do now?

Please mail any checks you receive in this manner to New Hope Academy.  You will need to include your name and Powered by Hope in the memo line in order to have it attributed to your account.

 

Please mail checks to the following:

New Hope Academy
1820 Downs Blvd.
Franklin, TN 37064

ATTN: Jennifer Beck

 

Who should I contact with other fundraising questions?

Please email Jennifer Beck at jbeck@nhafranklin.org

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