With the rise of digital technologies, virtual fundraising has emerged as a cost-effective and efficient way for institutions to engage potential donors and raise funds. Through online auctions, peer-to-peer fundraising campaigns, and live-streamed events like concerts or webinars, institutions can reach a broader audience and solicit donations from individuals who may not be able to attend in-person events. These digital fundraising initiatives enable donors to contribute from anywhere, anytime using their smartphones, tablets, or computers.