Could Gifts of Stock Be Your Nonprofit’s Magic Genie?

Genie pexelsDoes your nonprofit promote stock gifts?  You should!

A groundbreaking study by Dr. Russell James J.D., Ph.D., CFP®, professor in the Department of Personal Financial Planning at Texas Tech University, found nonprofits that consistently received gifts of appreciated stocks grew their contributions six times faster than those receiving only cash.

This is HUGE.

If you learn to ask for gifts from appreciated assets you’ll get more generous gifts. The study shows:

  • Received only cash gifts = 11% growth.
  • Received any kind of non-cash gift = 50% growth. Included gifts of personal and real property and deferred gifts.
  • Received securities non-cash gifts = 66% growth. Massive difference from just this one strategy!

You Don’t Have to Get Fancy

The most productive strategy is simply to accept gifts of stock.

But it’s up to you to offer up this giving framework to your supporters.  Otherwise, they’re apt not to see this as an opportunity.

And speaking of ‘framing,’ this can establish a persuasive reference point for would-be donors. Researchers have found people don’t treat all their money as if they have one big pool of it.

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How Do You Keep Former Nonprofit Board Members Engaged?

Heart hands

Sustain the positive energy of love and connection

Are you throwing your former board members out like yesterday’s trash?

This may not be your intention, but you’re kind of guilty of this if you don’t continue to (1) let them know how special they are, and (2) build personal relationships with them. After all, one of the foundations of Penelope Burk’s groundbreaking work in Donor-Centered Fundraising is the finding donors want one thing first and foremost: “Show me that you know me.”

Are You Showing Former Board you Know, Love and Feel Specially Connected to Them?

CONSIDER THIS:

  • As board members, they got used to being treated as “insiders.”
  • Now that they’ve stepped off the board, you’re treating them as if they mean less to you.

Every single communication with a former board member should let them know you know who they are.

If you treat them like they’re toast, don’t be surprised when they start sending you little bread crumbs instead of the whole slice – or loaf – they once sent. People want to be appreciated. It’s just human nature. And facilitating philanthropy (the word literally means “love of humankind”) is a very human endeavor.

Don’t stop loving your former board members.

Stop blaming them for stopping to love you. Blaming is a cop out. Instead, look in the mirror and see what part you may be playing in their changed behavior.

SPECIAL TIP: You can apply much of the suggestions in this article to former staff as well.  I often marvel at the hands-off way I’m treated by some of the places where I once worked, sometimes for many years.  Places where I donated too, because I believed in the mission. Now I’m just a “prospect” or “lapsed donor” to them, and the communications I receive come across a bit infantalizing. After all, I know this stuff.  I wrote a lot of this stuff!  It just feels like they’re telling me “since you don’t work here any more, you mean nothing to us.”

Why Former Board Merit Their Own Engagement Strategy

Former board should be one of your top segments for cultivation!

IN A NUTSHELL:

  • They have a deep understanding of your vision, mission and values.
  • For years, they made your nonprofit one of their top philanthropies.
  • They have numerous connections with your cause, including relationships with staff, each other, and even beneficiaries.
  • At one point you were part of their identity and family.
  • You likely have a special place in their heart.
  • They may even have included you in their estate planning!

Don’t stop making beautiful music together! Continue to treat them personally, unless they specifically ask you to stop. Don’t simply relegate them to your impersonal e-news mailings or mass annual appeals. Treat them like major donors and develop a love and loyalty strategy that invites them to stay engaged with you, albeit in a new way.

8 Strategies to Build a Former Board Member Love and Loyalty Strategy

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Three San Francisco Hearts: What-We-Do-for-Love; Tales-of-the-City; ColorFall-of-Hope

4 Types of ‘PERSONAL’ Your Nonprofit Must Adopt Today

Three San Francisco Hearts: What-We-Do-for-Love; Tales-of-the-City; ColorFall-of-HopeEarly in my career I received a piece of fundraising advice that has stuck with me to this day:

People are all people.

And what do you do with people if you want to build a relationship?

You get PERSONAL!

In fact, if I had to tell you how to win over donors with just one word, “personal” is the word I’d choose.

This One Word, ‘Personal,’ Should Become Your Mantra

Let it underscore everything you think about and do.

Your annual appeal writing. Your special events. Your newsletters. Your blog posts. Your proposals. Your reports. Your social media. Your donor cultivation.

If you take just this one word to heart — PERSONAL — you’ll be leaps and bounds ahead of the competition.

  • This one word that can set you apart.
  • This one word can help you build relationships like nothing else.
  • This one word can sustain you, through thick and thin.

Also Make ‘Personal’ Your Spiritual Discipline

Though we we give lip service to the importance of practicing empathy and donor-centricity, truly valuable tools in building donor relationships, these terms are subsumed by the umbrella of the ‘person’ to whom they apply. Start there.

Visualize your person, and before engaging in any strategy or tactic, ask yourself:

Is there a more personal way to deliver this message?

Begin to build a PERSONAL PERSPECTIVE into your planning.

Make sense?

GETTING PERSONAL has always mattered.

Today, in a still-disrupted, socially distanced, increasingly virtual environment, with striving for greater diversity, equity and inclusion at the forefront, how you get personal and how you define people are more important than ever.

Today I’d like to flesh out the multiple meanings of this word, and discuss how getting personal can help you achieve your nonprofit fundraising and marketing goals.

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Labyrinthine Heart, 2023 benefit for S.F. General Foundation

6 Top Reasons To Use Handwriting

Do you write anymore?

I don’t mean do you type.

I’m talking about good old-fashioned handwriting.

You know, that very human practice most of the world seems to have abandoned post digital revolution?

It may seem practical and smart. After all, using a keyboard is definitely quicker.

But something critical gets lost in translation.

Emotional Connection

Not just to your audience, but to yourself.

Could keyboarding be causing you to disconnect? To lose your passion?

This is why writers including  J.K. Rowling, Stephen King, Danielle Steele, John Updike and Joyce Carol Oates have rejected word processors and computers in favor of writing by hand. At least for their first drafts.

CAVEAT: Don’t fall into the trap of thinking these “handwriting people” are all just “old,” “old school,” or “stuck in their ways.”  Rather, they intuitively discovered things about hand writing. All subsequently borne out by neuroscience. Once upon a time I intuited this as well. I couldn’t imagine giving up my yellow writing pad and pens of various colors.  How would I think expressively if forced to type everything? Gradually, I was persuaded (shamed?) to jump on the bandwagon of modernity and efficiency. And, lo and behold, it was incredibly efficient. So fast!  I got used to editing as I went along. Pretty soon I couldn’t envision ever going back. BUT…

But… after many years on the wrong track, I’m coming to understand the documented benefits of composing by hand.

Writing By Hand Offers Psychological Benefits

You can learn more about some of these benefits from specific studies here (improves memory and promotes deep encoding); here (bolsters learning), and here (advances idea generation), to name just a few.

Today I want to share six of these benefits I think you’ll find most relevant to your nonprofit work.

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How Community Based Fundraising is a Branding Opportunity

Three San Francisco Hearts: Wash-Your-Hands; San Franswissco; ReleaseYou are known by the company you keep.

No nonprofit stands alone.

It may be born alone, or die alone, but it stands together.

That’s because it’s not about “I,” but about “we” and “us.”

Your nonprofit not only fulfills a demonstrated need, but it addresses problems other folks agree need addressing. All of you are “in” on addressing the problem and making the community and world a better place.

The company you keep should reflect your community.

Community based.  Significance-based. Story-based.

Friendships. Deep connections. Relationship building.

This all creates the nonprofit brand.

Put another way, as my friends at The Ross Collective say: “People who are closest to the problems are weighing in on the solutions.”

Branding is Vital in Today’s Rapidly Changing Environment

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