Officer Resource Toolkit

Fundraising and Budgeting

Fundraising is a great opportunity to raise money for your chapter, raise awareness of Gamma Iota Sigma, build partnerships, and foster goodwill! Creating and following a realistic budget is important to ensure your chapter goals for the semester can be met. It lays the groundwork for chapter events to run smoothly.

Benefits of Having a Treasurer/Finance Officer

  • Create a semester budget.

  • Manage all chapter transactions.

  • Organize and manage fundraising events.

  • Manage local chapter bank account and report balance to President and/or Faculty Advisor on a regular basis. 

  • Analyze all cash inflows and outflows and compare to budget.

Fundraising Messaging

Fundraising is an additional opportunity to promote the message and goals of your chapter (or a charity).

Small Fundraising Ideas

  • Bake Sales

  • Dinner/Restaurant Fundraiser

  • T-Shirt Fundraiser

  • Halloween Insurance

  • Valentine’s Day candy-grams

  • Textbook Rental Program

  • Lottery tickets

Large Fundraising Ideas

  • Golf Outings

  • Phone-a-thon

  • 50/50 Raffle

  • Gala dinners

  • Corporate Sponsorship

  • College RMI Department Sponsorship

  • Business School Sponsorship

Tips for Success

  • Define your target audience

  • Don’t be afraid to try something new or different

  • Don’t be afraid to make a phonecall

  • Remember the inspiration behind the fundraising event 

  • Make it personal

  • Send thank-you notes

  • Connect with your fellow Officers from across the country and share fundraising ideas. Join the GIS Officer group on LinkedIn!

Budgeting Suggestions

  • Create a budget documenting cash inflows and outflows.

  • Create a budget proposal each semester or year.

Soliciting the Industry

  • Consult with your Faculty Advisor

    • He/she could request sponsorship on your chapter’s behalf.

    • Leverage contacts within the industry or the college.

  • Reach out to GIS alumni in the industry

    • Via Mail, Phone, Email.

    • Tip: Any submitted GIS alumni contact information will be stored in your chapter’s SharePoint site.

  • Contact local chapters of Professional Associations

    • For example: RIMS, CPCU, CAS, SOA, PLUS, IABA, etc.

    • Such organizations may have reserve funds to sponsor students.

  • Leverage company sponsorship opportunities. 

Using Membership Fees as a Recruiting Tool 

  • Fees could be used as a recruitment tool, for example: 

    • 25% off membership fees if you attend the first general body meeting of the semester.

    • 50% off membership fees if you participate in the first three events of the semester.

  • Treasurers should be involved in the local chapter membership fee decision-making process and test budgets against varying membership fee incomes.

  • Chapters that happen to be well-funded (via the college, corporate sponsors, private sponsors, alumni sponsors, etc.) have the option to subsidize fees, which can be used as a recruitment tool by offering “free” membership.