Is sponsorship money supposed to be collected before or after the event?

Question

I’m participating in a fun run and I need sponsors to donate money. Am I supposed to accept money upfront or later? The deadline for handing in all sponsorship money is in the summer holidays and unless I go around everyone’s houses I won’t be ale to get it in on time.

Answer 1

Sponsoring an event precedes and supports the event. Any donations will be prior to the event. Only prizes and awards follow one.

Answer 2

Most people that sponsor you will give you the money before hand because they don't want to find out that they pledged $5 a mile and you walked 20, when they'd only planned to give you $20. They also don't want to be bothered a second time.

This is actually why "sponsor" events are a waste of time. Just ask for the money and skip the activity. People give because you ask and/or they value your cause, NOT because you're going to shave your head, kiss a pig or walk for hours.