fundraising

Vocabulary Word

Definition

'Fundraising' is the process of gathering financial resources, typically through soliciting donations, to support a specific cause or project. It's like organizing a charity run to generate funds for a local hospital.

Examples in Different Contexts

In political campaigns, 'fundraising' is critical for securing the financial resources needed for campaign operations, advertising, and outreach. A campaign manager might explain, 'Successful fundraising is key to increasing our candidate's visibility and message reach.'

Practice Scenarios

Business

Scenario:

Our financial resources are stretched thin, and we need a significant infusion of capital to expand our market reach.

Response:

Agreed, it seems the best way forward would be initiating a new round of fundraising. We could present our plans to potential investors.

Academics

Scenario:

Our students need more financial support to keep pace with rising tuition costs. We're considering different approaches to meet these needs.

Response:

Perhaps we should start a fundraising campaign dedicated to scholarships which might also engage our alumni to contribute.