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GiveIndia Fundraising Challenge 2022 (February 1 – March 30)
NGO GiveIndia has once again opened up a challenge: GiveIndia Fundraising Challenge 2022, which will run from February 1 to March 30.
GiveIndia Fundraising Challenge (GFC) 2022 has been planned to ensure a rewarding fundraising journey for all its partners, including TANKER Foundation, enabling us to end our financial year on a high.
Donations received only on our profile, project and/or campaigns on fundraisers.giveindia.org during GiveIndia Fundraising Challenge 2022 will be eligible for matching rewards.
The purpose of the event is to help NGOs raise money from their existing donor base – active and inactive – and also find new sources of funds. The spirit of the GiveIndia Fundraising Challenge 2022 is in raising new money and not recycling the money that would in any case come to us.
The minimum acceptable value for a donation during the Challenge is ₹50.
The donation amount on the dashboard against all funds received in currencies apart from INR are indicative. The actual donation amount will be in accordance with the currency exchange rate on the date of the disbursement.
The overall winners will be notified on or before April 15, 2022. All funds received by NGOs from February 1, 2022, until March 30, 2022, will be considered for determining the winners.
Disbursement of all donations received during the Challenge will be complete by April 30, 2022. Disbursement of monetary rewards won during the Challenge will be transferred by May 15, 2022.
GiveIndia will introduce multiple weekly booster incentives, monetary and non-monetary, to amplify our fundraising potential.
Success Slabs
The reward structure for Success Slabs goes like this: If the amount raised (in INR) is 10,000, then the matching reward (in INR) would be 1,400. In case it is Rs. 1 lakh, the matching reward would be Rs. 15,000 and this goes up to Rs. 30 lakh, fetching a matching reward of Rs. 5.25 lakh.
All donations made from 12 midnight (IST) February 1, 2022 to 11:59 PM (IST) March 30, 2022, on GiveIndia Fundraisers will be considered for the Challenge.
In the Success Slabs, we will be entitled for the reward in the subsequent slab only once we cross the set target amount. For instance, we will have to raise a cumulative of Rs. 2.50 lakh or more (fourth slab in the Success Slabs) to win the Rs. 40,000 reward.
The donations can be made in Indian and foreign currencies.
Mega Rewards
In the Mega Rewards Challenge, if we cross INR 50 lakh, we are eligible for a reward of 9.50 lakh; if we cross INR 1 crore, 20 lakh, and if we cross INR 1.5 crore, it will be 32 lakh.
All donations from 12 midnight (IST) February 1, 2022 to 11:59 PM (IST) March 30, 2022, on GiveIndia Fundraisers will be considered for the Challenge.
Also, all donations from 12 midnight (IST) February 1, 2022, to 11:59 PM (IST) on February 10, 2022, on GiveIndia Fundraisers will be considered for the Success Slab Boosters.
Success Slab Boosters
Success Slab Boosters will provide us an opportunity to win bonus incentives, in addition to the current rewards in Success Slabs. It is similar to an early bird scheme. We can target completing as many Success Slabs as possible in the first 3, 5, 7 and 10 days and avail Booster Rewards as follows:
3 days (till Feb 3) 30% of Slab Reward
5 days (till Feb 5) 25% of Slab Reward
7 days (till Feb 7) 20% of Slab Reward
10 days (till Feb 10) 10% of Slab Reward
These Booster Incentives are fixed and are in addition to the rewards in Success Slabs. For instance, if we achieve the fourth slab target of Rs. 5 lakh before February 3, we will be entitled for the Rs. 24,000 Booster Reward, taking the cumulative Success Slab reward to ₹1.04 lakh, instead of Rs. 80,000.
Loosen your purse strings and help us reap rich rewards through the GiveIndia Fundraising Challenge 2022.