How does it work?

We work with thousands of charities, but you can choose to operate your challenge in aid of one specific charity, or you can leave it to your people to each select their own charity. 

The challenges can be funded in any number of ways, and we will work with you to develop the most appropriate funding model:

  • SELF FUNDER OPTION

  • MINIMUM SPONSORSHIP OPTION

  • FLEXI OPTION

Self Funder Option

With the Self Funder option, either the company or its employees (or a mix of the two) pay all the challenge costs.

The individual employees then fundraise as much as they can for charity. The charity keeps all fundraising money. 

For example: If a challenge costs £1000 then the individual, or the company, or both, pay the £1000 and the individual would fundraise whatever they can for the charity with no minimum amount applicable.

Note: Some companies cover all costs, and some companies cover nothing, with the employees covering all of their own challenge costs.

Minimum Sponsorship Option

With the MINIMUM SPONSORSHIP option, either the company or its employees contribute towards the challenge costs. Employees then fundraise a minimum amount of sponsorship for charity. The charity will then pay the balance of the challenge costs and keep the remaining funds. 

For example: If a challenge costs £1000, then the company or individual might pay £300 towards that challenge but then commit to raising a minimum of £1500 for their chosen charity.

In this instance, the charity would cover the balance of £700 in challenge costs (£1000 less the £300 paid), and the remaining £800 of funds raised would act as the charity profit (£1500 less the £700 challenge costs).

Flexi Option

With the FLEXI option the model is somewhere in between the Self Funder and Minimum Sponsorship options. So, the contribution towards challenge costs is higher, and the sponsorship target is lower.

As mentioned, previously, some businesses cover all challenge costs, and some contribute zero. Whatever your budget, and even if there’s no budget at all, we can help you create a funding model to work for your business and your people.