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Why Your Nonprofit’s Events are a Waste of Time

Fun events may bring in hundreds of attendees, but a fundraising event is not an end in and of itself.  Often the charity never sees these folks again (or at least not until the next event) because these folks are golfers or ‘thoners, not donors. These events are a waste of your precious resources.

Don’t tell me that you “raised awareness.”

Unless you raised awareness towards a particular end (usually generating greater philanthropic support) – and you have a plan to intentionally build on this awareness — then everything your attendees may have learned about you will go in one ear and out the other. Awareness that isn’t reinforced lasts about two seconds.

Don’t tell me that you “raised good money.”

Did you really? Well, think again.

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5 More Things Your Board Doesn’t Get about Fundraising and Nonprofits

I unlocked Pandora’s box with my last post, 5 Things Your Board and CEO Don’t Get About Fundraising and Donors. Especially when it comes to board members, many of you say their behavior has you scratching your heads much of the time. So, here are 5 more things that too many boards simply don’t seem to understand:

1. It costs money to make money. This one is odd, since many of these folks seem to understand the concept of ‘investment’ when it comes to their day jobs. 

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5 Things your Board and CEO Don’t Get about Fundraising and Donors

Donors feel good when they give. There’s plenty of research  showing  philanthropic giving is good for people. It makes folks happier, healthier and even more successful. So there is no need to apologize when asking for support where the need is authentic. In fact, asking others to participate in philanthropy is a great gift. Just don’t forget to thank them personally and promptly when they do, so they also experience the joy of having made the right decision.

Donors respond to sizzle, not steak.

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How to Take Charge of Your Fundraising Events so they Don't Take Charge of You: Is Your's Worth the Effort?

Before you hold your next fundraising event, ask yourself one simple question: WHY?

Take a minute, right now, to jot down all the things you’d like to happen by virtue of you having held your event.

I’ll wait.

Seriously, do it. Jot.

I’m waiting.

Okay, there are a few of you who don’t yet have pencils and paper in front of you. Yes, I can see you.  Remember ‘Miss Nancy’ from Romper Room? [I know; I’m dating myself on this one].

Now, let me guess what you’re writing (and/or thinking).

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Declare Your Independence Day – Information Overload Be Gone!

It’s the new plague. And a highly contagious epidemic, from which no one is immune.

Are you showing any symptoms? I feel like:

  • I’m working all the time, but not getting that much accomplished.
  • I’m working on 10 projects at once, but none get finished.
  • My ‘to-do’ list never gets completed.
  • I’m in meetings all day and don’t have time to work.
  • I bring my laptop to meetings and pretend to take notes while surfing the web.
  • I’m answering email all day and don’t have time to work.
  • I answer email during conference calls and in meetings.
  • I have less and less time to plan, not to mention free time.
  • I have less and less time to learn, not to mention creative time.
  • I can never get to things quickly enough.
  • I sit down at my computer and end up doing something different than I planned.
  • I am eating lunch at my desk, mired in my virtual inbox.
  • I make calls while driving, and even send the occasional text, even though I know I shouldn’t.

Informationoverloaditis.

If you checked off three or more, you’ve got the disease. 8 or more and we need to rush you to an unplugged vacation. All of the above and you need a sabbatical!

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The Keys to Nonprofit Blogging that Drives Engagement

How's My BLogging? bumper stickerI’m a huge blog booster for nonprofits.  So much so that tomorrow I’m offering a free webinar on the topic with the folks at Good Done Great.  I’ll also be posting a series of articles on this topic in the coming week.  If you don’t have a blog yet, you should get one. Pronto! Yup, I think they’re that important.

Here is an overview of what I’ll be covering in tomorrow’s webinar, plus I’ll have a special bonus offer for webinar participants. If you can’t make it, you’ll find a few actionable tips in this article. Plus you’ll find more actionable tips all week.  I truly want you to do this, and I don’t want it to kill you. So I’m going to give you some easy steps you can take to make your blog (1) doable, and (2) a super investment of your time and resources. I’m betting that pretty soon you’ll wonder what you ever did without it!

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How to Take Charge of Your Fundraising Events so they’re Worth the Effort: Converting Attendees into Ongoing Donors

Before you hold your next fundraising event, ask yourself one simple question: WHY?

Take a minute, right now, to jot down all the things you’d like to happen by virtue of you having held your event.

I’ll wait.

Seriously, do it. Jot.

I’m waiting.

Okay, there are a few of you who don’t yet have pencils and paper in front of you. Yes, I can see you.  Remember ‘Miss Nancy’ from Romper Room? [I know; I’m dating myself on this one].

Now, let me guess what you’re writing (and/or thinking).

Two people hanging out together

Getting to Know You

Two people hanging out togetherTRUTH BOMB:

The key to successful fundraising is knowing your donors.

If you don’t know them, you can’t nurture them.

If you don’t nurture them, they won’t grow.

Simply staring at your bare patch of land waiting for flowers to sprout and blossom doesn’t work 99% of the time.

Why are you waiting to ‘get lucky’ the winds will just blow some seeds your way?

Likely, this won’t happen.

Even if it does happen, the seeds may not take root and grow.

Unless you do something to help them along.

In fundraising, the best way to nourish supporters is to know them better.

So you can give them what they explicitly need, not what you think they need.

You need to engage in “getting to know you” activities so you’re basing your work on knowledge, not just opinion.

Why Don’t Fundraisers Reach Out to Get to Know Donors Better?

There are all sorts of excuses.

Many come from a sense of ‘donors’ being primarily identified that way, rather than as the complex people they truly are. Staff are often afraid of, or at least uncomfortable with, ‘donors.’ Even many volunteers, who aren’t major philanthropists themselves, feel this way.

Have you ever heard (or felt):

Proven Strategies to Climb the Year-End Fundraising Mountain

Mountain climberHave you started working on your annual appeal and year-end fundraising plan?

It’s time!

I worked for 30 years in the trenches, so I know exactly what this time of year feels like.

It feels like you’re at the base of a mountain you’re about to scale.

  • Exciting, but also scary.
  • Exhilarating, yet also daunting.
  • There will be good days, and bad days.

And this particular year, you may feel you’re taking two steps forward and three steps back.

That’s to be expected during times of great uncertainty.

Expected or not, I know you’re still anxious and thinking “What if we don’t reach the top?”

Don’t worry, I’m here to help.

This year you may need the equivalent of a few extra granola bars for energy. And maybe an extra tool or two to help you get a grip.

Right now I want to give you a few specific, timely tips you might not be thinking about.

Here are some strategies I hope will give you a leg up, so to speak.

Ready to Put Your Best Foot Forwards?

Here are 11 tips I’ve learned over the years.

How to Rock Donor Thank You Calls

7 Keys to Rock Thank You Calls and Retain More Donors

You’ve got to make donor retention more of a priority to survive and thrive in today’s competitive nonprofit marketplace.

Research shows the average nonprofit in the U.S. loses 81% of donors after the first gift!!!!!

In and out a revolving door is too expensive to be sustainable.

To make matters worse, the probability a donor will make five consecutive gifts is only 10-15%. These numbers are just not sustainable for most organizations. By the time you’ve added a new donor most of your previous new donors are out the door.

And, by the way, did you know donor acquisition costs you money?  Yup. On average, it will cost you $1.00 – $1.25 to bring in a new donor dollar. So… the value of a new donor to your organization is wrapped up in the concept of donor lifetime value. Once you have a new donor, the cost to renew them is much less expensive than the cost to acquire them. Just like in for profit marketing, keeping a current customer is easier than finding a new one.  But… you have to actively engage in customer cultivation and renewal strategies.

If you don’t energetically renew and upgrade donors over time, you may as well never have recruited them.

Allow that to sink in a moment.

Might you effectively be wasting a lot of time, energy and money on acquisition? Could some of your resources be more effectively deployed to donor retention?

I’m going to go out on a limb and wager the answer is a resounding YES.

Do you know what your donor retention rate is? If you do, there’s hope for you to improve it. Read on.

If you don’t, you don’t even know there’s something that needs fixing! Read on.

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Want a true philanthropic culture? Make it the air you breathe.

Woman breathing, sunsetYour organization won’t survive and thrive with only great fundraising technicians. Youand the entire social benefit sectorneed organizational-development-grounded philanthropic facilitators. In fact, you need a team – maybe an entire village – filled with them!

This is what it looks like in a culture of philanthropy. And it involves more feelings than tangibles. What does it feel like where you work?

Your organization’s culture can make or break your fundraising – and just about everything else. If you don’t foster a culture in which people want to work, great professionals won’t apply for, or stick with, jobs. You have to be intentional in creating a culture that attracts, retains and grows professionals. The kind who will inevitably build sustaining relationships with supporters.

Here are some things you can do to build a true philanthropic culture.

Say what the culture is, get buy-in; demonstrate it.

To foster an authentic values-based organizational culture, you must first identify and write down the main beliefs that make up the culture. This can be simple – as little as a sentence or single paragraph – but this written manifestation of the culture you want to foster is critical to helping people understand the culture.

Here are some questions to ask yourself or, better yet, to do as a group exercise with a team of staff and/or board.

So You Want More Major Gifts This Year? Here’s the Secret!

Dream anything, then think.All you’ve got to do is ask!

Seriously. The number one reason people don’t make a major gift – or any gift for that matter – is no one asks them.

But I’m getting a bit ahead of myself.

Before you can ask, you have to know a few basics:

  • Who will you ask?
  • What will you ask for?
  • When will you know they’re ready to be asked?
  • Where should you ask?
  • How should you ask?
  • Why are you asking?

Let’s take these fundamentals one at a time.

Who will you ask?

Not everyone in your donor base is a major gift prospect. Even if they were, you probably don’t have the bandwidth to cultivate and solicit all of them right now. It’s just common sense to prioritize those donors with whom you’re most likely to succeed. There’s no hard and fast rule as to how to pick this priority group.

I generally advise starting with

fruit in basket

Where Are Our Nonprofit’s Legacy Donors?

fruit in basketLegacy gifts don’t fall from the sky.

Legacy donors aren’t delivered by storks.

You won’t find them hiding behind cabbage leaves.

You’ll mostly find them living in your donor database, volunteer roster, alumni mailing list, membership roll, client files and anyplace else folks connect with you and have a positive affiliation. An affiliation with you.

You see, the mere fact someone is wealthy does not make them a legacy giving prospect. Period. And the fact they’re wealthy and philanthropically inclined does not make them a legacy giving prospect for your charity.

The biggest indicator someone is a good legacy giving prospect for your organization is their affinity and loyalty. Generally this is demonstrated through affiliation (how they are connected to you) and behavior (what they do with you).

Of course, someone who simply shares the values your organization enacts can also be a viable legacy giving prospect. But they’re not likely to make a bequest or other type of legacy gift unless you first develop their affinity and loyalty — to your charity.  So let’s begin with the fruit already picked and in your donor basket.  We can look at the low-hanging fruit later. I do not recommend investing a lot of resources going after the fruit you’re hoping will just fall from the sky (though a little couldn’t hurt).

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Wrong Ways to Woo Nonprofit Donors

trust signWhat do you most need to sustain your nonprofit through thick and thin?

A steady, reliable source of income – natch!

For most nonprofits this means loyal donors.

How do you get them?

Alas, too many nonprofits act as if all they need to do is acquire the donor; then, magically, that donor will stick with them forever.  Sadly, the data shows otherwise. On average only 20% of first-time donors renew; only 43% of all donors renew. And there’s a very good reason this sorry state of affairs exists.

Most nonprofits woo donors the wrong way.

It may not happen all the time. But it happens enough. Too often, in fact.  Does this look at all like the trajectory of how you handle a newly acquired gift?

  • You badger the donor for gifts.
  • When they give, you warehouse them in your database.
  • You then send a form letter (pretending it’s personal because you use their given name and indicate their gift was earmarked for a particular purpose; in reality, most of the time you don’t know them from Adam nor do you try to get to know them beyond what they wrote on the flap of the remit envelope).
  • Next, they get on your newsletter list and receive mass mailings.
  • Before you know it – or know much about them — they’re getting another appeal letter.

There’s a better way.

Actively show donors love and trust. This is the best way to get them to love and trust you, and the two most important aspects of donor loyalty. Relationships that last are reciprocal. Penelope Burk, the queen of donor-centered fundraising, famously found through her research that donors’ number one desire is … please, please “show me that you know me.” If you want donors to trust you and be loyal to you, you have to trust them and be loyal to them.  Simple, yes?  Actually, no.

To earn trust and loyalty takes strategy.  And it takes work. Mark Schaefer makes a brilliant analogy

Philanthropy is a Team Sport

Team huddleNo one can do it alone, sitting in their own little corner.

Not the E.D. Not the development director. Not the development committee of the board. Not the fundraising consultant.

One-person shows don’t work in fundraising.

This isn’t tennis, figure skating or golf. You’re not one person trying to be the best you can be, with all the glory accruing to you. You’re part of a team, all pulling together in the same direction, with the glory accruing not just to your team but also to your fans and your community.

Siloes don’t work in fundraising.

You aren’t saving up grain for the winter. Besides, simply hoarding won’t help enough. Development operations must figure out how to grow and harvest as much grain as possible so you can feed more and more people in need. Hoarding in siloes is a scarcity, not an abundance, mindset. A status quo, not a growth mindset.

If you have vision and big goals you need a team to see you through.

How Do You Build Your Development Team?

Begin with recruitment of stakeholders.

Look around you. Who do you see? You see internal and external stakeholders. People who care about your organization winning.

Generally, you’ll see:

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What Causes so Many Fundraisers to Leave their Jobs?

Fundraisers report money is the number one reason they leave their jobs. While I do believe too many fundraisers are underpaid relative to their skill sets and performance, I’ve a strong hunch it’s not the real chief culprit for fundraiser dissatisfaction.

What is causing so many fundraisers to leave their jobs? Or leave the nonprofit field entirely?

Support. Culture. Infrastructure.

Or, to be specific, the lack thereof.

  • Too little support.
  • Toxic culture.
  • No organizational infrastructure to facilitate philanthropy.

Alas, in interview after interview with fundraisers working in the trenches, I find these essential components of a productive and joyful work environment sorely lacking. This situation doesn’t usually arise out of malice. It’s born of a desperate lack of understanding about what it takes to manage people well. Of course, that’s a topic unto itself. But there’s something else that happens with people hired to work as development staff. And that’s what I want to address here.

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Legacy Gifts Don’t Usually Fall From the Sky

If you’ve been around ten years or more, and have demonstrated you have staying power, it’s time to start thinking about promoting legacy giving. And not just a little. A lot.

Even during a pandemic. Why?

Because once you have a steady stream of legacy gifts maturing, you’ve secured your nonprofit’s future — in good times and bad. Not 100% of course. You’ll still need to continue with annual fundraising. But you’ll be confident in the knowledge that every year or so unanticipated income will flow into your nonprofit’s coffers, like a windfall from heaven. In fact, after a while you’ll even be able to conservatively budget for a certain amount of bequest income (based on your averages) each year.

Legacy gifts can be quite transformative for the financial trajectory of your nonprofit. Think about this for a minute. While not every bequest will be six or seven figures, it’s rare to see a two or three figure bequest. They’re all major gifts!

Except… legacy gifts won’t usually fall from the sky unless you seed the clouds.

So let’s take a look at how to do that.

Treasure Map

Do You Want More Major Donors? Read This!

If you’re like most nonprofits, you probably wish you had more major donors.

Guess what?

You can have them!

Today we’re going to look at a great tool for building those important relationships with top prospects over time.

And we all know that is what will result in the big gift.

You know how important it is to put a plan in place to build relationships, right?

It’s super-de-duper important if you want to secure major gifts.

And there’s a name for the strategic process of building meaningful relationships with potential major gift donors.

I’m talking about “Moves Management.”

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7 Things Nonprofit Major Gifts Programs Need to Succeed

Every nonprofit should have a major gifts program.

That’s where the lion’s share of the money is.

It’s a rare organization that has a mailing list large enough to raise a million dollars from a million different $1 donors. But most nonprofits do have major donor prospects hiding in plain sight.

It’s up to you to find them; then move them along a cultivation path that prepares them – and you – to make an ask that results in a win/win values-based exchange.

Let’s review 7 secrets that will guarantee your major gifts program is a success, whatever your size.

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Warning Sign: A Post-Trump Digital Divide Between Nonprofits?

Believe it or not, this guest post appeared originally on my blog 3 1/2 years ago. I happened on it today, and thought it was still appropriate so wanted to share. One of my Clairification School students, Matt Patchell, had begun an important discussion in our online Subscriber Forum about what he termed the current “digital divide.”

He was referring to the chasm between nonprofits who are facing the digital revolution head-on, adapting their strategies to embrace its’ opportunities, vs. those sticking their heads in the sand and hoping it will go away.

Folks, digital engagement is not going away. Rather, it’s exploding.

As of late last year, one study found 43% of U.S. adults get political news online, rather than via television, radio or print media. A report from the Pew Research Center found one in five Americans get their news from Facebook. For the first time in the Center’s surveys, more than half (55%) of Americans age 50 or older report getting news on social media sites. That is 10 percentage points higher than the 45% who said so in the previous year. And that report is now three years old!

If you continue to ignore the channels your supporters frequent, and the ways they prefer to receive their information, the only thing that will be going bye-bye are your supporters.

What digital means for nonprofits.

It’s a sea change in how your marketing and fundraising team(s) operate and cooperate. Adopting is a far cry from adapting.

What does this have to do with Trump?

"Doing the right thing isn't always easy" storefront art

How Humanity and Trust Supercharge Nonprofit Fundraising

"Doing the right thing isn't always easy" storefront artEveryone is saying it.

Just about daily.

“These aren’t ordinary times.”

We’re living in the face of a firehose of breaking news, and most of it is pretty difficult to digest. Let alone know how to face, handle and get through it with safety and sanity intact.

We can either retreat, live in limbo or figure out a way to navigate through this reality and find opportunities to do our work in new and better ways.

It’s a difficult assignment, because it’s not easy to know where to begin.

We want to come from a donor-centered and community-centered place, but… what exactly might that be in this extraordinary time?

“We’re not only longing for the normal that was – we’re grieving losses yet unaddressed and ignoring some of the most obvious. I know for sure: if we don’t find a way to consciously engage with our losses, when this pandemic is finally over, the soul of our country will still be locked down”

– Oprah Winfrey

I’ve been thinking a lot about what the world most needs right now.

I think it’s humanity and trust.

Usually we have to guess at what will feel relevant to our supporters. Today, we pretty much know. Because we hear it all the time. On the news. On social media. When we zoom with colleagues. When we talk to our friends. When we’re sheltering in place with our family.

  • People want to know who they can trust!
  • People want their fellow humans to act the part!
  • People want to consciously engage — with humans they can trust — in a meaningful manner.

‘Philanthropy’ means ‘love of humanity’. Yet today it sometimes seems all we’re hearing and seeing is hatred of humanity. Us and them. Insiders and outsiders. Democrats and Republicans. Left and right. Young and old. Good and evil. I could go on…

There’s a better way.

Gifts of many colors

Top Nonprofit Marketing Tip: If You Want Gifts, You Must Give Them

Gifts of many colorsI often say “If you want gifts, you must give them.”

I’ve written about this multiple times, suggesting little gifts of useful or inspirational content – things that cost you virtually nothing – you can ‘gift’ to your constituents.

  • Often it’s information you use in your daily work, and it’s just a matter of sharing your expertise and recommendations with your larger community.
  • Other times it’s inspirational stories to uplift spirits.
  • Or you can share a news article if you don’t have the expertise you wish to share in-house. It’s okay to outsource from another publication.  Just make sure to give credit where credit is due.

Think from the perspective of your donors and volunteers.

What information do you have they might find helpful, thought-provoking, inspiring or fun?

Rather than guess, why not ask?

1. You can survey your constituents directly using a simple format like Survey Monkey, or

2. You can ask your staff who work with your clients and/or supporters on a regular basis. For example:

  • Ask your reception person what some of the most frequently asked questions are when folks call your organization.
  • Ask your webmaster or marketing person what website pages are most frequently visited.
  • Ask your marketing staff what e-newsletter or blog articles are most frequently opened.
  • Ask your volunteer coordinator what most inspires and keeps your volunteers engaged.
  • Ask your program staff what their clients and client families most need from them.

Here are some content ideas from different sectors — especially for the times we’re in:

How Yucky Email Addresses – and Inhumanity — Hurt Your Nonprofit

Robotic_dinosaur_with_face_mask_-_Art_in_the_VoidThese days you’re likely communicating with constituents digitally more than ever before.

That’s terrific, but… I want you to remember one important thing, especially if you’re a small to medium-sized, local nonprofit.

Philanthropy, translated from the Greek, literally means ‘love of humanity.’

Whatever you do that gets in the way of your humanity?

Stop doing it!

I really mean it.

Why?

PEOPLE GIVE TO PEOPLE

Sure, sometimes the ‘cause’ alone is enough to drive donations. But generally this holds true only for first-time gifts, emergency response gifts, and gifts to national and international charities with large name recognition. Even in these cases, repeat gifts and major gifts are driven by human interaction.

When it comes to your current supporter base, they tend to want to engage with real human beings.

Want to know what’s not a real human being?

heart with votive candles

Super Strategies to Spoil Your Supporters

Do you have some major donor prospects you’re trying to woo?

Of course, you want to start with your overall donor love program. You know, the one where you plan to communicate regularly with all your supporters – 4 to 7 purely grateful, meaningful touches for every 1 inspiring ask.  You do that, right?

  • Thank you letter, email and phone call
  • Donor welcome package
  • Newsletter with stories about outcomes
  • Blog with stories about outcomes
  • Token gifts (e.g., ‘how to’ lists; recommendations; new research results; recipes; discount coupons, etc.)
  • Invitations to free events

Good!

However… just the basic stuff won’t do it with major donor prospects.

You need something extra.

Something to really grab folks’ attention.

Something unexpected.

Something personal.

Without a little something, you’re left with just a dumb thing… like automated group mailings. Or really big ‘moves’ you never quite get around to. Or stuff, let’s face it, which just isn’t particularly thoughtful.

Winningest Ways to Woo 

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3 Rules for Thanking Nonprofit Donors that Should Never Be Broken

If you’re not retaining as many donors as you’d like, you’ve no one to blame but yourself. And I’m here to tell you why.

You’re not thanking donors properly.

I’m serious. How you handle donor acknowledgements is that important.

Sadly, most nonprofits do an absolutely rotten job of showing donors how much they are appreciated.

Part of the problem is due to focusing on acquisition at the expense of retention. Most executive and development directors don’t even know their retention rates without looking them up. According to Jay Love, founder of Bloomerang, less than 45% of fundraising offices know this answer!

So, you’re not alone.  But you can do better.

DUDES! Your retention rates should be on the tips of your tongues! If you don’t know how you’re doing, how can you improve?

Question mark of people

How Jargon Destroys Nonprofit Fundraising & Marketing

I hate jargon. With a passion.

Hate it. Hate it. Hate it.

Just. Can’t. Stand. It!

Yes, I guess you could call it a pet peeve.

But, really, why would you ever use jargon if you wanted to truly communicate with someone?

Just check out the definition:

“language used by a particular group of people, especially in their work, and which most other people do not understand”

— Cambridge dictionary.

Jargon = Failure to Communicate

When you talk to people in words they don’t understand, really, what’s the point?

Are you just trying to make yourself look smart?

Because, trust me, that’s not how it comes across.

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3 Ways to Get More of Your Donors to Match Their Gifts

Heading bannerFighting the good fight for your nonprofit’s cause is what you do best.

Funding your mission, however, is always challenging. The planning, the lists, the headaches, the inevitable snafus that arise at any given moment… it’s a lot of effort to solicit a single donation.

And while seeking out new donors is vital to raising money for your cause, what if you could double your donations with your current donor list?

With the 3 E’s⁠—education, ease, and encouragement⁠—you can maximize your donations by getting more of your donors to match their gifts.

  1. Education: The Power of Matching Gifts
  2. Ease: The Tools to Matching Your Donor’s Gifts
  3. Encouragement: Increasing Donor Retention

Ready to help your donors make the most of their gifts to your cause?

Let’s dive into what makes matching gift fundraising such a powerful way to tap into the hidden potential of your supporters.

cigar smoking Groucho

Can You Smoke What’s in Your Major Gift Pipeline

You want a smokin’ major gifts program, don’t you?

Of course you do.  You want to light those babies on fire!

Better put, you want to ignite your donor’s passions, light the fire in their bellies, and help facilitate the type of philanthropy that will be a win/win/win – for you, your donors and the vision your organization seeks to attain.

You can’t do this without nurturing a pipeline that lights your donors’ sparks of interest, fans the flames and patiently waits until ignition happens.

Sure, you could just light little fires. Fires that self-extinguish pretty quickly. But these aren’t the fires that will sustain you and keep you warm over the long haul.

That’s why every nonprofit, no matter your size, cause or longevity, needs to build a major gifts pipeline.

Otherwise, you’ll have nothing to smoke!

Want to learn how to stop running on fumes?

Let’s Build Your Major Gifts Pipeline in 10 Steps!

Treasure Map

Do You Want More Major Donors? Read This!

If you’re like most nonprofits, you probably wish you had more major donors.

Guess what?

You can have them!

Today we’re going to look at a great tool for building those important relationships with top prospects over time.

And we all know that is what will result in the big gift.

You know how important it is to put a plan in place to build relationships, right?

It’s super-de-duper important if you want to secure major gifts.

And there’s a name for the strategic process of building meaningful relationships with potential major gift donors.

I’m talking about “Moves Management.”

Impatience is Virtue: Key to Sustain Nonprofit Relevancy and Fundraising Effectiveness

The late Jerold Panas*, fundraising guru and author of a bunch of books (two of which, Asking and The Fundraising Habits of Supremely Successful Boards, I frequently use with boards to inspire philanthropy), left us with a gem of a final article published on the Guidestar blog: Nurturing Your Potential as a Fundraiser.

It got me thinking.

All of the traits Panas lists (he calls them “verities” that distinguish consummate fundraisers from those who, I presume, just dial it in) are important. I encourage you to read the full list (or even the full book from which they’re excerpted: Born to Raise: What Makes a Great Fundraiser Great).

Today I want to focus on one trait that particularly struck me.

Impatience.

Parking Lot

Strategies to Leverage Donor Advised Fund Philanthropy

The use of Donor Advised Funds (DAFs) as a means for individuals to make philanthropic gifts continues to rise. So much so, in fact, I felt it imperative to help you understand how they work and how they may be of benefit to your charity.

Why?

  1. You don’t want to leave money on the table.
  2. You want to best serve your donors.

Today we’re going to take a look at:

  • What a DAF is/is not
  • Who DAF donors are/common characteristics
  • How you can best serve DAF donors
  • What you can do to leverage DAF philanthropy

Let’s begin at the beginning.

Pensive woman

10 Approaches to Inspire Philanthropists to Help Your Nonprofit Cause

How Do Major Donors Think About Philanthropy? 

To a large extent, they think about it the same way as anyone else.  They just have more money.

It’s good to remember that major donors are, first and foremost, just people.

And like all human beings, they are on a continual quest for meaning. It’s the existential search to be all that one can be. To feel self-actualized.

And you can help them!

In fact, this is your job. This is part and parcel of your organization’s mission.

You (as executive management, development staff or board member) are a facilitator of philanthropy. Your organization exists, in part, to facilitate your donor’s quest for meaning and teach the joy of giving. To do this effectively, you must be attuned to your donors. And, since the wealthy have the ability to make a larger impact when it comes to furthering your mission, you especially must be attuned to these folks.

In the past I’ve looked at five major donor philanthropic triggers. You need to know about these things, because if you can key into any of them you’ll have a strong basis for pursuing a major gift from the prospect whom you’re approaching:

  1. They feel economically secure.
  2. They are in a reflective phase of life.
  3. They’ve demonstrated a desire to build a closer connection with your cause and community.
  4. They are looking for meaning and a sense of purpose.
  5. They are seeking to identify themselves as the person they want to see reflected in the mirror.

Today I’d like to review six more things you should be on the lookout for; then I’ll suggest four strategies to help you enter into your prospective donors’ worlds so you can make a win/win match – one that will help your major donors simultaneously help your cause and themselves.

Coincidentally, I found a back issue of Lifestyles Magazine from 2008 (yes, I’m a bit of a hoarder) and was struck by some of what the publication had to say—a veritable peek inside the minds of major donors. There’s a clue right in the way Lifestyles (now out of publication) describes their mission (highlights are mine):

woman helping man

Major Donor Fundraising: What to Know about New Tax Law

When the new Tax Bill passed, I wrote How Worried Should Your Nonprofit Be? That was back in January, when the impacts of the new law on philanthropic giving may have seemed remote. Now the end of the calendar year is closing in, so it’s worth taking a look at some of the ways you can help your major donors get the biggest bang for their donation.

Keep in mind, of course, the primary reason people give is not to get a tax deduction. It’s to see themselves reflected in a mirror as the person, deep down, they really want to be.

That being said, if you want gifts you must give them.  Help more than you sell.

And one gift you can offer is a little bit of wisdom about ways donors can maximize the impact of their gift and minimize the cost to themselves. Especially when you’re talking to major donors.  Because, for most of them, the impact of the new tax law will truly be icing on their philanthropy cake.

Rodin's The Thinker

Want to Recharge Your Personal and Nonprofit’s Life? Borrow Wisdom.

 

Today I want to pique your interest in taking some time to reflect and truly consider what you’re doing and how you do it.

It’s easy to get stuck, literally and figuratively.

Stuck at your desk. Stuck doing what you’ve always done. Stuck in patterns without considering whether they still makes sense.  Stuck using ingrained habits and skills that once worked, but don’t work so well anymore. Stuck working in places that drain your energy. Stuck working for causes that don’t ignite your passions.

How do you break out?

Sometimes I look to thinkers from other disciplines to help me think outside the box. To pull me away from the routine. The ‘just going along to get along.’ The following, rather than leading. The ordinary, rather than extraordinary.

Rock star

Are You Really Rocking Major Gift Fundraising as You Should?

Studies show over 88% of all funds raised come from just 12% of donors. 

In fact, the top tier of donors account for the lion’s share of all philanthropy.  Just 3% of donors give 76% of all gifts.

If you’re not focusing your fundraising resources on these donors, this should give you pause.  You’re missing a really big boat.

Plus, chances are good you’re fundraising in a manner that’s not exactly cost-effective.

You’re not alone. I run into this problem all the time. Board members want to do events.  E.D.s want to focus on grants. New staff think the future is all in digital fundraising. Existing staff are wedded to increasingly less productive direct mail fundraising.  There’s nothing wrong with any of these strategies. However, generally they won’t give you the biggest bang for your buck. You get a huge return on investment from an individual major gifts program, which costs you roughly 10 cents on the dollar vs. 50 cents or more on the dollar for special events fundraising and actually losing money on direct mail donor acquisition.

If you know the Pareto 80/20 Rule, you might want to focus just 20% of your resources on the lower-yielding strategies and 80% on major individual and legacy fundraising.

What’s holding you back from doing something so sensible?

Usually I find it’s one of the following reasons:

Rainbow after a storm

Read This if You Know People who Hate Fundraising

If you’re coming at fundraising from the perspective of “no pain, no gain,” I’d like to suggest you reframe your approach.

Especially when it comes to asking individuals, one-to-one, for passionate gifts.

As long as you hate it, you’re never going to be effective.

In fact, if anyone in your organization feels this way, you’re shooting yourself in the foot.

Why?

Because… (I really hate to break this to you)…

Donors can tell.

When donors can sense you’d rather be doing anything else than asking them for a gift, guess what happens?  They follow your lead!  In other words, they feel like they’d rather be doing anything else than making a gift.

Uh, oh.  How can you change this equation?