Victory Programs Raises $88K at Annual Dinner Party Gala
May 28, 2015 Victory Programs, a Boston-based nonprofit that works with the homeless who often have substance use and chronic health issues, announced it recently raised $88,000 at its 25th annual Dinnerfest RED Party + Auction to set a record.
Pegged as the seasons foodie event to feel good about, the event raised $10,000 more than last year, which set a record set.
We are tremendously humbled by the amazing show of support for our annual Dinnerfest event, says Jonathan Scott, president and CEO Victory Programs
.There are a number of reasons why we exceeded our fundraising goal including a record level of support from the corporate community, especially our Presenting Sponsor, Eastern Bank, and our Platinum Sponsors, Macys and Walgreens.
Dinnerfest is a culinary-themed auction that offers attendees the opportunity to bid on exclusive dining packages and gift certificates to some of Greater Bostons most acclaimed eateries, including LEspalier, Mistral, and Ostra.
Dinnerfest represents just under 6% of the agencys total annual fundraising goal of $1,521,000.
Although attendance was down slightly from the 2014 event, guests donated via a live paddle bid, which immediately followed a moving client speaker who shared her story of Victory Programs life-saving programs with those in attendance.
The fundraising goal for the paddle bid was $10,000 and resulted in a total of $20,000, a 100% increase over goal.
In addition, a Buy Now silent auction option, introduced in 2014, continued to interest bidders who were less interested in getting into a bidding competition, allowing them to purchase items outright, for a 50% mark-up on the value of the prize. Fifteen percent of the silent auction items at Dinnerfest were purchased using this option.
This year marks VPIs 40th anniversary of serving the most underserved populations in Massachusetts. Fortieth anniversaries are generally associated with the ruby gemstone, which paired with the agencys signature red door, illustrated in the agencys logo, and tied into the event venue, the Red Lantern restaurant in Boston, and the color of HIV/AIDS awareness. Guests were encouraged to wear red to the event to be entered into a special raffle.
Since its inception in 1975, VPI has expanded to 18 housing and health programs providing shelter and recovery services to 2,600 people annually.
For the year ending June 30, 2014, VPI reported $12.3 million in revenue, of which $10.1 million came from contributions and grants, and $11.6 million in expenses, according to its most recently available tax filing.