Each club is responsible for raising funds for its activities. The following means are available: - Club dues (as stipulated by their constitution)
- Ticket fees for events, conferences, parties, etc.
- Corporate Funding (the solicitation of corporate funds requires the permission of the Office of Student Affairs and the director of Corporate Relations)
- If an alumnus/a reaches out to your club and offers to fund it, your club should work with External Relations to process the gift. - School funding: Student Initiated Project Panel (SIPP) and Student Phonathons. Information and application forms for both of these sources of funding are available in the Office of Student Affairs.
- Student clubs may also reach out to their prior club leadership only for fundraising (not broad membership).
Soliciting corporate sponsorship for a club event requires an active partnership and communication between the club and Corporate Relations. When a club is interested in pursuing a company for sponsorship or a company contacts a student club both Corporate Relations and Student Affairs should be notified immediately.
All student clubs strategizing for the semester or year's activities should meet with Corporate Relations to develop short- and long-term fundraising strategies, provide prospect lists and contact information, review written materials and more.
University policy requires that the Business School, not the student clubs, send a sponsoring company invoice. When a club has secured a commitment from a corporation, they should notify Corporate Relations who will then issue the invoice. This ensures that the sponsoring company will receive the tax benefits from their donation and a thank you letter from the School.
The club's VP of Finance will be notified when sponsorship checks arrive.