Fundraising, whether through direct donations or charitable gifts given by an individual or trust, is a major source of income for a non-profit corporation. For this reason, non-profit corporations are sometimes known as charitable organizations. It is important that your organization follows state law governing fundraising and accepting donations.
Any charitable organization that intends to fundraise and receive contributions in excess of $25,000 and/or uses a professional fundraiser during their fiscal year must register with the RI Department of Business Regulation (DBR).
As your non-profit corporation grows and you want to increase your fundraising goals, it may become necessary to hire fundraising professionals. The RI Department of Business Regulation also maintains a list of registered fundraising professionals.
If your non-profit plans to raise money through bingo or raffles, additional requirements apply.
Organizations that wish to conduct a weekly, annual, or one-time bingo should register with the RI State Police, Charitable Gaming Unit. Submit your completed application along with a $5 check or money order to the address on the application. Most applications will be processed in 60 days.
If your organization wishes to conduct a raffle, you may obtain the raffle application from your local police department or from the RI State Police, Charitable Gaming Unit. Submit your completed application along with a $5 check or money order to the Chief of Police in the city/town where the drawing will be held (with the exception of Providence, where it must first be submitted to the Providence City Hall Licensing Department). Most applications will be processed in 60 days.Back: Choosing a Location Start Business Assistant