While I don’t have hard and fast data to prove it I strongly suspect that, after Emergency Appeals, Sponsored Event fundraising is the largest generator of online donations in the UK – with leading sponsorship fundraising site Justgiving recently announcing that its users have passed £1billion in funds raised since it launched 10 years ago. As such, I was particularly interested when I came across Guess2Give, a new fundraising site which is aiming to complement traditional sponsorship sites by adding a £3 per entry sweepstake element to any type of event – with a proportion of the money raised being given to the winner and £2.50 for each entry going to the event organiser’s chosen charity.
Launched in beta last year, and to consumers just this month, the site has already attracted a range of big and small brand charities as well as picking-up a handy financial boost in the shape of a £50k award from NESTA. The heart of its refreshingly distinctive proposition is that far from competing with traditional event sponsorship fundraising it will actually generate additional income from events as supporters fundraising for their chosen charity set-up both a sponsorship fundraising page and a Guess2Give sweepstake fundraising page.
I love the innovative thinking here – such a wonderfully simple fundraising idea and yet no-one seems to have come-up with it before (unless you know better?). However, I’m not so sure about the idea that event participants will set-up two types of fundraising pages and then promote both to their networks of friends and colleagues.
What I suspect might actually happen is that people who have asked their friends for sponsorship before and who like the sweepstake idea will go to Guess2Give so they don’t have to send around yet another sponsorship ask – which could have quite an impact on the amount raised. Assuming that the average sponsorship fundraising page generates around £600 (which doesn’t seem too far off, based on this presentation from Jonathan Waddingham of JustGiving (p8)) then the sweepstake fundraiser needs to secure something like 240 sweepstake guesses to generate the same amount. That’s a lot of friends doing a lot of guessing.
However, on the up-side, new income may well come from people taking part in less challenging and more fun events where a Guess2Give sweepstake is more applicable than traditional sponsorship. For example, one of the site’s promotional videos involves a charity paper plane challenge.
Only time will tell both whether event participants take to the sweepstake idea and whether the innovative approach generates additional funds for the sector or cannibalises traditional sponsorship fundraising by offering a novel but lower value way of raising money. The team at Guess2Give are certainly working hard to get their name out into the public arena – with quite a bit of media coverage related to last weekend’s London Marathon and a spoof face-to-face fundraising promotional video. So, it’s definitely worth keeping track of their progress.