After you have identified the ideal group feasibility of these goals in light of resources. Organizations must establish an annual budget. The development of a budget should follow, not precede, the establishment of your organization's positive, but realistic, goals for the year. Once a budget of proposed expenses is developed it must be reviewed against existing resources. The specified dollar figure beyond existing resources that will be required to operate and complete the group's program for the year becomes the group's fund raising target.
Successful organizations utilize multiple approaches to fund raising.
Successful fund raising requires careful planning. If the risks are greater than what the group wishes to assume, it is time to go back and revise the organization's overall goals for the year to reflect a reduced financial base. Remember, think positively and creatively. Once a financial plan is developed, write it down. Some activities are restricted or prohibited under the University policy or State law.