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College Fundraising Accounts
College Fundraising Accounts
Committees can fundraise throughout the year for a chosen college charity partner, or a range of different causes. To ensure the money you fundraise is handled correctly, you need to make sure your fundraising is processed correctly, through your College Fundraising (RAG) Account.
Your Fundraising / RAG account is a separate account for any fundraising you do for charity. This is required as York SU’s charitable status prohibits money being donated to other charities, political parties, campaigns or trade unions unless specific rules are followed.
This means you must ensure any funds raised for charity are deposited into your College Fundraising account before being paid out, and not left within your main College accounts.
Ways to Fundraise
Ways to Fundraise
When it comes to raising money for charity, you have a different number of options and this might come down to the type of fundraising event you are organising. The different options available to you are:
Collecting Cash Donations
Collecting Cash Donations
Collecting cash donations is the traditional way to raise funds at events, and using collection tins or buckets are often an additional way of people throwing in their loose change to donate to your cause.
You can collect a sealed bucket from York SU Helpdesk, and then you just need to collect donations and hand in your sealed bucket back to Helpdesk after your fundraiser. Our Finance team will then count the donations and deposit into your preferred account.
Ticket Sales
Ticket Sales
Selling tickets via the York SU website is another option to raise funds.
If you want to ticket a fundraising event where all funds raised will go to charity you can set this up so the ticket sales will go directly into your College Fundraising account.
If you want to set up tickets where a proportion of money raised from ticket sales go to charity, then you’ll just need to make this clear when selling the ticket in the description, and then contact York SU Finance to transfer the funds. For example, in your event description, you will need to include some wording such as: ‘£1 from every ticket sold for xyz event goes to xyz charity’.
SumUp Card Reader Donations
SumUp Card Reader Donations
If your college has a SumUp Card reader, you could use this to take contactless donations from attendees at an event. You will also need to notify anyone donating that their donation is subject to a 1.69% transaction fee from SumUp.
After the event, you would need to instruct York SU Finance to transfer the donations to your College fundraising account.
JustGiving
JustGiving
York SU has a JustGiving page that Colleges and Student Groups can use to set up a page on. Any funds raised will come into York SU’s accounts and be deposited directly into your College fundraising accounts.
Check out our 'How to' guide for JustGiving on details on how to set up a JustGiving page.
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