FundRaiser Blog
Invoicing Sponorships
When offering sponsorships, you may wish to be able to record a commitment to sponsor and then accept payment for it later. By doing so, your organization can keep track of the numbers of sponsorships sold and project income for an event. However, there’s the problem of sending an invoice and recording later payment.
The good news is that no matter what version of FundRaiser you’re using, there are ways to record these circumstances as a later promise to pay. Instead of a “thank you” letter, the invoice could be sent. By using gift motivation codes, and possibly gift notes, you could document the gift as a sponsorship and event information.
But maybe you want to take things a step further and get more detailed information about the sponsorship, as well as be able to receive reports about each event? FundRaiser’s Campaign and Events Module allows you to create sponsorship packages including pricing. This makes it easy to attach a sponsorship package to a gift and record intended, or received, sponsorships.
Or perhaps you sell sponsorships like products? Then the Product Sales modules will be able to record the sponsorships and generate invoices automatically.
However you choose to invoice for sponsorships, whether as paid in full or a later promise to pay, FundRaiser provides options for you. Looking to add sponsorships to your events? Why don’t you contact us to see what FundRaiser can do for you?
About the author
I believe that when we join together to do good in our own ways that there’s no limit to what we can achieve, which makes my work at FundRaiser that much more special because I love helping so many organizations reach their goals.