Golden Bond Target to raise £1500

anyone Struggling to raise Golden Bond target

1 to 20 of 32 messages
07/04/2010 at 12:56

Is anyone else struggling to raise enough for a golden bond place??

I have a target of £1500,and i think im really not going to be able to make it over £1000 even though tried my hardest!!

I havnt signed anything to say i would have to make up the difference. But a little worried they could turn around and say i need to pay the extra!!

07/04/2010 at 12:58
This seems to depend on which charity your running for, there was one discussed the other day that was quite nasty when a runner had to pull out. Did they give you a time limit on collecting the money?
07/04/2010 at 13:02

I think i have about 2months after marathon to keep collecting, so i think i will try and keep going!!  I think it will be hard to get over £1000,so i might start saving now just incase they turn around and say i need to pay the extra!!

thanks

07/04/2010 at 13:07

Have you asked your employer (if you have one) whether they will match what you raise yourself?

I believe they can write it off against tax, so it doesn't really cost them anything.

07/04/2010 at 13:12

You taking a place off a charity and if you run that race, then you will have to pay the target.
The charity have given you a place. If you are having problems, it would be wise to contact
the charity.

But if you completed the race, then you will have to pay. The charity will give you a deadline.
But if you don't pay within that time, you will get letters from the charity, the London Marathon
and possibly solictors, debt collectors. The London Marathon will put your name on a
'blacklist`. If you apply again, your chances will be greatly reduced.

07/04/2010 at 13:17
runnerman wrote (see)

But if you completed the race, then you will have to pay. The charity will give you a deadline.
But if you don't pay within that time, you will get letters from the charity, the London Marathon
and possibly solictors, debt collectors. The London Marathon will put your name on a
'blacklist`. If you apply again, your chances will be greatly reduced.

Ouch, that's a bit harsh isn't it?

I'm running for St Johns this year and only about half way to my £1500 target....

07/04/2010 at 13:20
Am also struggling to reach my target. Solicitors and debt collectors sounds a bit scary. I took the place with every intention of raising the money, but it's not easy. Am getting a bit worried now.
07/04/2010 at 13:22

Trust me, if you get a place off a charity, they will want the money if you completed the race.
They done their side of the bargain by giving you a place. If its a golden bond place, then
the charity can inform London Marathon to put name on the 'blacklist`. Yes, LM do have one.

The solictors and debt collectors are the last resort if you haven't paid after the deadline.
But the charity want the money and if means being hard, then they can do that.
Its abit like you don't pay your gas bill. You will get letters asking for their money. Then its
goes to debt collectors and court. You took their business, so the business want their money.
Is harsh but true.

Edited: 07/04/2010 at 13:27
07/04/2010 at 13:26

If you havnt signed anything to say you will raise a certain amount,then surely they cannot force you to pay the target amount?!

07/04/2010 at 13:27
Blacklist yes, but debt collector and solicitors ---really? I've been running for years, and have never heard of it going this far.
07/04/2010 at 13:29

Have you emailed your link to everyone that you know? Send out regular email updates, with a link to your sponsorship page.  Many people have good intentions to sponsor, but often just forget. 

As Wilkie says, there is also the matched giving system, but not all employers do this.

Most charities have lists of ideas and help for fundraising - it might be worth contacting your charity and asking them what their advice is. 

07/04/2010 at 13:31
I knew someone who ran for a golden bond place. He failed to pay up after the deadline.
He had letters from the charity requesting the money. Then a letter from the London Marathon.
It got so serious that the charity was threatening legal action because he took a place and
'agreed' to pay the amount. If a charity gives you a gold bond place and the target is £1500, that
is what the charity will expect from you.
07/04/2010 at 13:34
Blacklist yes, debt collectors and solicitors, NO chance,the charidies know that if they DEMAND you pay a certain amount then that is NOT a donation and they are going to get taxed on it, beleive me they will not take a chance on that happening, do your best, thats all they should expect 
07/04/2010 at 13:35

I work for quite large employer but they don't do matched giving. 

They give you a flat £50 regardless of the event or distance so they are good value for a 5k but not a marathon.

The long and short of it is that people generally want something for their money so you need to be creative with your ideas, even something as simple as organising a raffle is a good start.

07/04/2010 at 13:36
Another idea is do a sweepstake of what time people think you will finish in at work / with friends, closest to the time gets a prize of your choosing (even better if you can get someone to donate a prize) and the money goes to your charity. Other options, dress down day at work with everyone paying £2, cake sale, car washing, I know these aren't running related but every little helps towards the sponsorship target and shows your willingness to the charity. If you are really struggling to meet the target and are worried about it I'd pick up the phone and speak to your charity and see if you can agree something.
07/04/2010 at 13:43

I suppose how 'harsh' the charity would be depends on which charity it is, and what your relationship is with them.

I have a Golden Bond place through Help the Hospices.. I got it through the hospice that looked after my mum when she died 18 months ago.  I was asked what target I thought I could achieve, I wasn't given a minimum and I wasn't 'contractually' obligated to pay up if I didn't make the target.

I'm in regular contact with the Hospice's fundraising teann, and they've helped me put leaflets/posters up in areas where I wouldn't have had the contacts myself, so perhaps that's an option for you?

07/04/2010 at 13:45
Assuming you've already emailed everyone in your address book (including people at work - I have found some of the more senior managers to be extremely generous even if they don't know me that well), have you thought of asking a bunch of three or four friends/relatives to ask THEIR friends/relatives?  My partner put it on his Facebook page for all his Facebook contacts, both business and pleasure, and I've been sponsored by several people I've never met, for which I'm very grateful.  Good luck and I'm sure you'll make it.
07/04/2010 at 13:48

It depends on what you signed - have a look at the agreement, and see exactly what it says.

dave wood 4 wrote (see)
Blacklist yes, debt collectors and solicitors, NO chance,the charidies know that if they DEMAND you pay a certain amount then that is NOT a donation and they are going to get taxed on it, beleive me they will not take a chance on that happening, do your best, thats all they should expect 

Some charities appear to be taking the view that getting the full amount, and paying tax on it, is better than settling for a lower amount.  They have a point - £1,500 with tax paid is still more than £1,000 with no tax.

Certainly Make A Wish are taking that route, so there are probably others.

07/04/2010 at 13:48

One noval way which worked for me is to approach a firm to sponsor you.
In return their name will be on your shirt or vest. The money will go to charity but its
gives a firm exposure and brand awareness. It might be £100 or more but would
be a good for you and the charity.

Also, approach the local paper right now. They want pictures of people who running
for the marathon and charity and its a good plug for you.

cougie    pirate
07/04/2010 at 13:55

I think Frostys got the right idea. You need to organise things as well as asking everyone you know to sponsor you.  And always try and get round in person - I'm much more likely if someone turns up at my desk to sponsor them, than click on a link in an email out of the 100s i get each day.

 Good luck with it !

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