Are Fundraising Events Worth It In A Down Economy?
I’ve heard rumblings that in our current economic climate, fundraising events aren’t bringing in the amount of guests and money that they used to for philanthropic organizations in Austin.
My thought is that fundraising events aren’t always about how much money can be raised; although, raising lots of money is wonderful and very helpful—don’t get me wrong! What I think people fail to remember is the potential for influential relationships to be forged by simply sharing a dinner table or starting a conversation over cocktails and the difference that those relationships can make for a deserving organization in the future.
Concordia University Texas recently held its third annual Excellence in Leadership (EIL) Gala. Each year, the EIL Gala recognizes an outstanding Christian leader and raises money for the University’s annual scholarship fund. This year, Concordia honored Senator Kirk Watson.
Austin American-Statesman social columnist, Michael Barnes, attended the event and covered it in his well-read column “Out & About” in the August 25 edition of the paper. Barnes presented some points that I think people forget when forming opinions about fundraisers and charity events, why to have them and why to attend.
For guests, fundraising events are prime opportunities to meet new people and renew friendships. For organizations, these events are an ideal way to showcase who you are. For Concordia, the EIL Gala presents an opportunity for people who wouldn’t normally be on the University’s beautiful campus to put faces to the University name and meet its students, faculty and staff—the people who embody and practice the University’s mission of Christian leadership.
The annual gala has received an overwhelming response, selling out every year since its inception in 2007 and honoring notable leaders including, Roger T. Staubach, executive chairman of The Staubach Company and former Dallas Cowboys quarterback, and Austin business and community leader Tom Stacy, president of T. Stacy & Associates.
I think that Michael said it best in his column; the EIL Gala is “bonding potential future givers to the Lutheran institution.” Sometimes, we focus too much on the present and the type of support we need right now and forget to think about cultivating relationships that will lead to future support—whether it is monetary or personal support.
Events, like the EIL Gala, with the support of a notable honoree, like Senator Watson, and a devoted chair, like Elizabeth Christian, help, as Barnes mentioned, “propagate the word” about deserving organizations, such as “upwardly aimed Concordia.”
Well said Michael, and well done Concordia!
Lindsey Erwin
