Objectives To be able to brainstorm fundraising opportunities within your society. What ways you can access further funding from the SU: - Membership.

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Presentation transcript:

Objectives To be able to brainstorm fundraising opportunities within your society. What ways you can access further funding from the SU: - Membership Grants - SAG Grants - Capital Grant forms What ways you can raise money yourselves. Tips for applying for funds elsewhere.

Wish list Get in to groups quickly and write a wish list of everything you could possibly want your society to have!

First stage of grants: Membership Grants A Membership Grant is where we provide a small amount (normally £1) per every member that has joined by looking at the membership list register to your Society on 31 st October. THIS IS FOR EVERY SOCIETY!

First stage of grants: Membership Grants Examples of the membership grant: (Assuming the grant per person has been set at £1 by Student Council) If a society signs up 16 members they receive (20x£1)= 20

First stage of grants: Membership Grants If a society signs up 55 members they will receive (55x£1)= £55 If a society signs up 160 members then the number is irrelevant as they are over 100 members= £100

Second stage of grants: Supplementary Activity Grant (SAG) forms Any society can apply for the Supplementary Activity Grant (SAG) if they feel their annual cost will not be covered by the sign ups. This is then reviewed at F & GP meeting that happens every fortnight, chaired by myself.

Third Stage of Funding: Capital Grant Form Any society can apply for a capital grant from the Students’ Union. This will come from the Society Trust Account which is the accumulation of money from societies defunct for over 3 years.

Third Stage of Funding: Capital Grant Form This is unusual items that are expensive yet can be used and available to all societies and can be booked. Again this is approved through F & GP. Examples: - Games Consoles (Gamerbase) - Scales (Think: Green) - Microphone equipment (KUBE)

Third Stage of Funding: Capital Grant Form This grant is very open, but you need to think about: Why do you want/need it? Where will the items be stored? Benefit to the SU and other students. Why buying it is better than renting?

Third Stage of Funding: Capital Grant Form

Fourth Stage of Funding: Fundraising Societies are encouraged to fundraise for themselves. You don’t need to be a charity society to fundraise for your activities. You should not raise money for inappropriate things, e.g. alcohol. You could however fundraise for, for instance, an event like an AGM.

Fourth Stage of Funding: Fundraising Societies can use small fundraising initiatives such as selling products to other students. They can also fundraise through online Crowdfunding. HOWEVER… you must not promise anything you cannot already provide to donors. For example, you shouldn’t say if we reach a target of £100 we will buy all donors a golden throne (or something more realistic than that).

Fifth Stage of Funding: External Applications Sadly, just last week we were given the news that the Key Fund would not be accepting ANY applications this year  HOWEVER, there are loooads of external opportunities available for societies and clubs!

Fifth Stage of Funding: External Applications I shall now handover to Harry Williams (President of Keele Life Sciences Society) who will talk to you a bit about the benefits of applying for funds externally (and just how easy it is!).