They utilize challenge coins for a number of different reasons. The nonprofit we’ve probably done the most work for over the years is the 501st Legion. Instead, every so often, and always at random, the people working with this fascinating project are collecting the names of their regular donors and sending them a new custom coin in the series. The Highground coin is also being employed to this dual purpose. All of their products serve the dual function of raising funds to support their operation (all of the products can be purchased) while also signaling inclusion in the group (the veterans who participate in Heroes in the Rough events can be given the items for free). Heroes in the Rough has placed a number of orders with us for everything from golf ball markers to patches. While the Miami-Dade PD might not be a nonprofit, they used the creation of their Going Pink challenge coins to raise money for breast cancer research. These coins have been getting a lot of attention on our site and around the office lately. Here are some examples of the coins we’ve made for different nonprofits and charities over the years. We wouldn’t be able to accomplish those goals if we couldn’t provide coins to every customer who might request them. Signature Coins is dedicated to being the top custom coin manufacturer in the world. In addition to those benefits, there’s also the fact that we have a number of suggestions for keeping the cost of your custom coin order manageable. But the truth is that the financial benefits of using coins for a fundraiser far outweigh the cost. And the word of mouth you’ll create when people talk about the special coin they received while supporting a worthy cause is priceless.Ĭost is often the first reason offered for why a nonprofit might pass on the opportunity to create their own custom challenge coins. You can easily charge $15 - $20 per coin, and quickly make back the expense of ordering the coins as well as a great profit. Challenge coins, however, with their precious metal plating and high-level craftsmanship, are worth so much more. How much can you honestly sell a branded coffee mug for? Most people already have mugs and would only buy another one for the novelty of it, and chances are they aren’t willing to spend much more than $5 - $10.
But in a world where companies give away pens, mugs, bracelets and t-shirts like they’re Halloween candy, more unique items better serve to capture people’s attention and get them talking.īecause of their perceived value, challenge coins not only make for a great talking point, they also make for a solid fundraising item. Branded materials serve the dual purpose of getting the organization’s name, mission and logo out in front of people while also making money. These efforts often take the shape of selling branded materials, auctioning off unique experiences or hosting events and accepting donations.
The money they need to accomplish their goals has to come from other sources, and one of the easiest sources is through fundraising. As the name implies, these organizations don’t have a steady stream of revenue coming in. Ordering coins might not be the first idea nonprofits have, but there’s no real reason why it shouldn'’t be'.įundraising is a cornerstone of running a nonprofit. A Fortune 500 company deciding to commission coins is seen as perfectly natural. Custom challenge coins have been woven into the fabric of corporate culture.
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