Wednesday, August 31, 2011

High-Five Prizes for Nonprofits: Earn Your Way to the Top

By Angela Bevacqua, Communications Specialist

In our last blog we talked about Bonus Bucks—$1,000 prizes that will be awarded on Colorado Gives Day from a random drawing of donor names.

But we’re also offering another kind of prize. Prizes nonprofits can earn—and use as goals for their organization.

These little windfalls of cash—worth $5,000 each--are called High-Five prizes and are generously funded by corporate partner FirstBank. 12 prizes will be awarded, adding $60,000 more to the pot of Colorado Gives Day prize money.

So how can a nonprofit win one of these prizes?

First you need to know that there are four categories of prizes. Within each category there will be three winners.

The Prize Categories are:
  1. Most Donors on Colorado Gives Day (3 winners)
  2. Most Dollars Raised on Colorado Gives Day (3 winners)
  3. Largest Percent Increase in Dollars over CO Gives Day 2010 (3 winners)
  4. Most Dollars Raised Through GivingFirst Fundraising Pages on Colorado Gives Day (3 winners)
To select the winners, Community First Foundation will be placing all participating nonprofits into three groups. The three groups will be determined according to the annual revenue reported by the nonprofits for tax year 2009. The first place winner in each of the three groups per category gets a prize.

So start thinking about your strategy now and good luck!