/ Financial Planning
Planning A Charity Golf Tournament
Looking for tips on planning a charity golf tournament? There are many factors to consider, so I'll stick to the four main ones for this article. The success of your charity golf event revolves around maximizing player turnout, increasing pledge sizes, obtaining sponsored prizes, and planning tips.
Your success depends on how many players your golf event draws and how actively you have your players solicit sponsors for their own rounds.
To maximize turnout, you need to get major publicity for your event. That means putting out multiple press releases, getting local media coverage from newspapers and television stations, and placing ads in the sports section of the local paper.
For the best results, put your press releases out through PR Web. Appoint a spokesperson to handle all media contacts and follow-up. For more tips, read my article on fundraising publicity.
The key is getting each player to collect a certain amount of pledges. I recommend a minimum of $100 per player in pledges. I've also played in tournaments where that number was $250 per player.
Obviously, you want to motivate the participants to raise as much money as possible. Some groups offer incentives for the top pledge getters. Others seek corporate sponsorships for that firm's players.
Pledge amounts determine the success of your charity golf event, so get input from experienced golfers and golf pros in your area.
Top Golfer Prizes
Generally speaking, you'll draw more golfers if you have great prizes for longest drive, closest to the hole, hole in one, lowest team score, lowest actual score, and best adjusted score (handicap).
You solicit local merchants to sponsor those prizes. Work with an insurance-related prize company for things like the hole-in-one contest. That way you can offer a bigger prize for a much lower outlay.
Aim to get 100 golfers (25 foursomes) and your small group could easily raise $10,000 or more. Larger turnouts will net even more with some charity golf tournaments drawing 500 golfers competing for big prizes.
Obviously, bigger pledges, more golfers, corporate sponsorships combined with massive publicity will work wonders for the bottom line of your charity golf tournament. With the right combination of these factors and good advance planning, you can certainly raise $75,000 or more for a charitable cause.
Contact local courses for group rates. Be sure to mention that you are planning a charity event and ask for discounts on cart and greens fees. Once you decide on your preferred location, reserve the date and tee times well in advance.
Charity Golf Event - Final Tips
Plan ahead to maximize the success of your charity golf event. For best results, pick a weekday when courses and large blocks of tee times will be easier to reserve. You'll often get the best rates by going to the course in person and talking to the pro or pro shop manager.
Corporate sponsors are another good way to go. Get some celebrities to golf with corporate bigwigs and you can easily raise $100k-$150k. Of course, convincing celebrities to donate their time takes some doing, but it's well worth it.
If it's your first golf tournament, be open to suggestions from other golfers. Consider working with a fundraising consultant who specializes in organizing charity golf tournaments. They work for a percentage of the gross, but you usually end up raising more funds due to their experience and sponsor contacts.
Article Source: http://www.redsofts.com/articles/
Greg Reynolds writes about planning a charity golf tournament and other non-profit fundraisers at FundraiserHelp.com. Browse the site today for hundreds of great fundraising tips.
More Articles from Financial Planning Category:
What You Should Know About a 401k
Stock Market Prediction
Stock Market for Dummy
Stock Market Trading
Financial Planning - Is It Necessary?
How to Avoid Car Financing Pitfalls
Car Financing: Which is Better: Buying or Leasing?
Are You Afraid Of Budget Prison?
The Fascination in the Stock Market
Create and Maintain a Budget
Getting Out and Staying Out of Credit Card Debt
How to Choose the Right Investment For You
3 Simple Ways Of Getting A Credit Card After Bankruptcy
Is Filing For Bankruptcy The Solution?
Some Advantages Of Debt Counseling