Virtual, Ongoing Miles in a Set Timeframe
Overview:
With this option, your participants will seek pledges from donors for how many miles they can accomplish in a certain amount of time (like a month or 2 weeks, for example).
Throughout that set timeframe, they will use our online platform to log their miles.
Then at the end of that set timeframe, donors cards will be charged based on how many miles participants accomplished.
See below for all the nitty gritty of how our Virtual, Miles in a Set Timeframe fundraisers work for you:
The Process, Start to Finish
(1) Setup
You get your very own Endless Loop Coordinator assigned to your fundraiser, who works for you and with you to get all the information needed to get started.
We will have you fill out a quick online questionnaire, so we know how to customize your fundraiser in our online system.
We create and entirely setup your fundraiser for you in our state of the art online platform. This is where everyone will sign up to participate, and also send donors to pledge to the miles they’ll do on Lap-A-Thon day.
We provide your leadership team with access to your entity’s online fundraising portal, so you all can track in real-time who is doing what (or not doing what and needs attention).
We provide you with a series of helpful information that will boost miles run and dollars pledged. You can use each item ‘as is’ or take parts that you feel are useful. It’s yours to use however is best for you. Some things we’ll give you are:
Communications Plan that details out what information to send out to your participants, and when to send it.
Contests and Prizes Plan to help you incentivize and motivate your participants. We can customize it so that it is individuals, teams, or a combo of both.
Sponsorship Plan to help you exponentially increase your revenue by utilizing local, national, and global companies.
Ongoing Ideas to increase fundraising, as we monitor your fundraiser along the way. This comes in the form of a weekly check-in email and/or phone call with your coordinator.
(2) Fundraising
We work with you to help your participants best communicate with their potential donors.
The online platform allows participants to quickly and easily set up their own custom donation page with a unique URL just for them. This allows donors to easily find their participant, pledge, or even make a one-time donation.
We can also setup ‘Teams’ in our Fundraising platform, which makes the Fundraiser really take off. Donors can give money to individuals or teams either one, depending on how we set it up.
The platform even allows participants to utilize one-click buttons to post their custom fundraiser page to their social media channels and email.
(3) Logging miles virtually
Your coordinator will be checking in with you to help guide your communication with participants throughout the set timeframe they are logging miles.
Participants can log in to the online platform as often as they want, or just once at the end, to update their profile with how many miles they are walking or jogging.
Our online platform makes every part of the process very simple and easy to manage for your participants.
(4) Post Event
We will be on top of the final details to wrap it all up for you.
Our system sends an email to all donors showing how many miles their participant did, and how much they will be charged.
Our system auto-charges all donor’s credit cards after the Fundraising Period is over.
Once everything is finalized, the system sends your final amount raised directly into your account.
This means no back-end money collection or follow-up is needed from participants or you/your staff. We manage 100% of it.
We share with your leaders a transparent P&L, showing exactly how much was brought in, and how much the event expenses were.
Financial Information
It’s important to note that we will provide a Communications Plan that will lay everything out for your participants, and do everything we can to help. But it is ultimately up to your team to get participants to sign up and to fundraise.
After the event is over, we will quickly send a preliminary Financial Summary.
The Registration / Fundraising Platform sends an email to all donors who pledged per mile donations. The email contains a summary of how many miles their participant performed, and the total about to be charged to their card.
Once we have “Finalized” the event in the platform, they charge the donors’ credit cards.
As soon as that step is over, the platform sends Endless Loop the final official numbers.
Your Coordinator then completes the Financial Summary, and sends it to your team for review and any questions.
The payout for virtual miles in a set timeframe fundraisers will be: 15% of Profit to Endless Loop. Fundraising Entity retains 85%.
The Registration and Fundraising platform will send the agreed upon amounts directly to your Fundraising Entity via a Stripe account. Your entity then pays Endless Loop. We never have any of your money in our possession.
The details you won’t have to take care of:
Our online tools will:
Manage participants’ registration
Have options for the public to sign up
Handle donors’ pledges and flat one-time donations
Streamline the way for sponsors to sign up, upload logos, and collect payment
Your participants will utilize and access the entire online system from smartphones, tablets, computers, or devices. No paperwork or money chasing to keep up with.
If you want to provide participants with an event shirt or other swag item, we can get the design and order taken care of for you. We will get the shirts shipped to you directly so you can distribute, or we can help get you setup with an external online resource to manage the process for you.
We can also help you obtain event sponsorships.
The next year, we will take what we learned and create your new event with even less of your time needed. Our fundraisers get continuously more simplistic for you and your participants; and also get more effective and likely to grow each year after.
Where can we do these?
We can make our virtual fundraisers happen no matter where you are, with participants from all around the world!