What is TeamFund all about?
TeamFund is an online marketplace that allows you to raise an average of 23% of all sales as profits selling food products from known local vendors.
We offer an out-of-the-box solution for teams, schools and clubs so you can focus on maximizing your results and be organized.
View all our benefits here.
Does it cost anything? Are there any upfront costs or set up costs or fees?
No we do not take a fee to manage your fundraiser.
We get paid from our vendors, so your profits in the end are yours. You will not have to handle any payments to your sellers for vendors. We take care of it all!
Who does TeamFund work with?
We have helped thousands of groups raise funds! We are divided in four groups:
- Teams: Minor sports teams, larger sports clubs, competitive teams that travel, University level teams. Most teams have between 10-25 participants.
- Schools: including band/music programs, drama class, travel fundraisers like the Quebec trip and Bamfield and other travel trips including missionary trips and such
- Clubs and Associations: larger sport groups and athletic programs love TeamFund! Most clubs have between 50-300+ participants ranging from different levels, practice days, times and locations, which make them an ideal candidate for TeamFund as they benefit the most!
- Other non-profits: We have helped animal shelters, office groups, Run for the Cure and other similar groups raise funds for their causes.
We keep track of sales for participant and level! No need for hours of spreadsheets
How can TeamFund help my school, team or club raise funds?
TeamFund has built relationships with qualified local vendors, so you don’t have to search for the best options, we’ve already got them.
Once you’ve chosen your timeline, and vendors, you can sign up in about 10 minutes.
TeamFund will set you up with your own custom group webpage, where you can sell products to supporters and keep track of sales and profits all in one place.
As organizer, you get access to seller engagement and sales breakdown-so you can keep track of your goal.
When the selling ends, TeamFund gets to work and send the orders to the chosen vendors and you can get ready for seller pick. We coordinate your sellers to arrive at the pre-determined location on time.
How much can we earn from a TeamFund Fundraiser?
That depends on your overall group sales, you will earn about 22% of your total sales as each option offers a different profit margin.
Teams raise on average $1700. Clubs $4500. Schools $3500. It all depends your seller engagement. More sellers=more sales. Be sure to have to good promotional message to get the level of excitement out!
Who can use TeamFund? Do we need to be a non-profit?
TeamFund is a great fit for your school, competitive team or club or an organization like dance, swim, music band, girl guides and such. You do not need to be a registered non-profit.
Are there any minimum charges on a fundraiser?
In short: yes we have minimums to ensure you aren’t wasting your time.
$2500 in sales per option is required or face a $50 penalty per option.
This ensure you raise at least $500 for your cause. Find your local options:
How do we know if we can achieve the minimum?
We encourage you to use our goal calculator here: https://www.teamfund.ca/get-started/
This will give you a general idea of what is expected from each “participant” to reach your goal.
Our group prefers to split profits based on individual sales, is this an issue?
We recognize that not everyone on a team or group wants to or needs to fundraise: and that’s completely fine! You should be seeking a fundraising opportunity that appeals to the masses, but note that not everyone is going to buy in!
We keep tabs on every sellers or participant, so you can confidently know how much each person has earned for their “account”.
Products and ordering
So Teamfund sells food, how do we know the quality is good?
We know that food fundraising is a great way to raise funds, so we only choose products and vendors we stand behind. We like to support local and know that families like convenient packaging.
Since we are volunteers ourselves we know that selling a good product at a good price is important. We’ve just made it easy.
What types of payments can you accept?
Orders placed online can be paid for with Visa. Mastercard, Paypal, Visa debit, and Amex. We can accept an e-transfer to us, if someone contacts us via email: firstname.lastname@example.org
After our group is done selling on our fundraiser, what happens?
A fundraising campaign will go one for about 3 weeks. When the selling “ends” the vendors get to work to fill the orders just for your group.
TeamFund will send out a comprehensive summary where you can track sales and profits per participant or seller. Orders are then delivered to your preferred location about 10 days after.
How do we get paid?
TeamFund mails out one profit cheque to you. Be sure to have your group banking name on hand when you sign up.