Fundraising for schools is a big deal. 94% of schools rely on fundraising efforts to pay for necessary costs. Every year students and parents raise approximately $1.5 billion (with a B) dollars by selling “stuff”– like candy bars, wrapping paper, and cookie dough– to fund the clubs and activities they love. Product fundraising is a lot of work, for what seems to be a high reward. But what if we told you that the $1.5 billion raised could easily be doubled to $3 billion. Don’t believe us? Take a look at the facts.
A typical school fundraising team loses 50-60% of the profit from the products it sells. One example is shown here with Cherrydale Farms, one of the nation’s most popular product suppliers for school fundraisers:
What percentage of fundraising sales will my group receive?
Most of our programs share between 40%-50% profit with the organization. The final figure depends on products you select, the prize programs included, and any additional services you request. Your Fundraising Sales Consultant will be able to share a firm number once these details are determined.
Many other companies take a similar cut. Here are a few more:
- Entertainment Fundraising takes 60% of your profits
- Fundraising Zone takes 50% of your profits
- But here’s the thing. Only 5% of donors said they gave money because they were interested in the product itself. 89% gave because they believed in the cause or knew the fundraiser.
DID YOU KNOW?: Supporters don’t really want your wrapping paper and cookie dough, they want to invest in YOU! We know this, and you should too. This is where we come in.
The EdCo team surveyed thousands of schools and helped raise hundreds of thousands of dollars to see what’s working and what’s not. We’ve learned that successfully fundraising is not just about money. It’s about relationship building. So we built our platform around making this easy and fun.
We are EdCo and we’re here to help build deeper connections between students and the community interested in supporting them. Let’s raise more and keep more together. To get started on a fundraiser for your school, team or group, click here.