How is the economy affecting your nonprofit foundation's ability to get bank loans this year? While it is prudent to make your organization run leaner and more efficient, now is not the time to try to trim your budget by reducing the money spent on fundraising. That could be a fatal mistake for your nonprofit organization. It is time to get creative and look for new ways to fundraise. Think out of the box and find other sources of income, like live charity auctions!

Live fundraising auctions are one of the best revenue generators for benefit events, especially in a down economy. Live charity auctions are the best way to get the highest dollar for you donated items. Beyond just a solicitation for money, they are an entertaining and exciting event, a fun night to dress up and go out. They cater to your donors' needs for recognition and appreciation. Successful live charity auctions are enjoyable and create a mood of good humor. In this fun atmosphere, your donors can remember how blessed they are and what they can offer to others in need.

Live fundraising auctions can be hosted on a tight budget. Many companies are willing to donate all the necessary items for your charity auction event. Your planning committees can solicit donations from caterers, hotels, etc. in exchange for free marketing on banners, in the program, or in the announcements at your benefit event. You may also have key donors that are willing to sponsor the fundraising event for any expenses that remain.