http://www.pressies.org/retirement-gifts-for-nurses/
Raising money?
I am working on getting an endowed scholarship to my mom’s alma mater. I want to help single mother’s achieve their goals getting their higher education in nursing, as my mom did raising two children (one adopted), working FT and going to grad school FT. I will put up a lot of my own money towards this goal. I will also ask for donations when I get married, instead of gifts. The total endowment for a full scholarship is $100,000. A partial is $10,000. My eventual goal is to have a fully endowed memorial scholarship. What are some other ways of rasing money?
I am going to put up the 10K to set it up. I will be using the portion of her retirement account she left to me. This way I avoid taxes on it and it will go to a good cause rather than the government blowing it.
Please share your thoughts on some ways to raise the capital to eventually reach the $100,000 mark. Thanks!
First, have you organized as a charitable organization like a 501(c)(3)? That way if people make donations to the foundation they can get a tax deduction. Enlist the services of a bank – locally or credit union. Start a cheap website with a paypal merchant account. There is the usual raffle. Try to get an event like a local sporting event to agree to donate a portion of admission to foundation.
I hope this helps. Good luck.
Second Forum on Dartmouth’s Financials, January 15, 2010
