You may not think you have a “money left on the table” problem. But, bear with me. Because, in my experience, many, many nonprofits – perhaps most of them – have tables in waiting areas literally groaning under the weight of piles and piles and piles of unclaimed, unused money. You’ve done most of the…
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The absolute worst thing you can do the day after Giving Tuesday is nothing.
As tempting as it is to let out a sigh of relief that it’s over, resist that temptation.
It’s not time to relax yet.
Nothing comes of nothing.
And a huge part of your goal with Giving Tuesday should be to strengthen your bonds with donors.
That’s the real something you’re after.
It’s not just about the money you raise today.
Your goal with any fundraising strategy is to retain and, ultimately, upgrade these transactional donors. The name of the game in the business of sustainable fundraising is lifetime donor value. [Here’s a great book on the topic: Building Donor Loyalty: The Fundraiser’s Guide to Increasing Lifetime Value.]
Run towards, not away.
Like it or not, Giving Tuesday is a ‘special event.’ That means embracing both pre-planning and post event strategies. This, of course, is labor-intensive during a really busy time of year. Which is why I recommend #GratitudeTuesday as an alternative,than adding yet one more event to your to-do list. If you’re on board with a traditional #GT strategy however, youve likely put a fair amount of planning, resources and time into this event. This involves the attention of more than one staffer and/or volunteer. And it sucks time away from almost everything else in the week(s) leading up to it.
It can be a real drain.
Your job is to put a stopper in that drain so all your hard work doesn’t simply swirl down the drain and disappear. Would you work super hard to create a delicious soup you simmer over the stove for hours, maybe even days, and then take one little taste before you pour it out and start all over again with a new one? Endless work. And no one really gets to enjoy the meal.
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This year Giving Tuesday is December 2nd. So, soon.
If you’ve not done so already, now is a good time to think about whether or not you want to jump on the bandwagon and, if so, how. There is more than one way to slice this particular piece of pie. And, really, that’s what Giving Tuesday is – just one piece of your total annual fundraising strategy.
You don’t want to blow it out of proportion. But you probably don’t want to ignore it. Rather, plan ahead to put it into a context where it will complement your other year-end communications and fundraising strategies.
Let’s take a closer look.
What is Giving Tuesday?
I confess I’ve been a bit of an apologist for the “holiday.” I like to turn the tables by actually giving to donors, rather than asking them to give yet one more time during this busiest fundraising time of the year.
Plus, I often say if you want gifts, you must give them. What better time to do so than on giving Tuesday?
Of course, asking can also be a form of giving. So, I love appeals on this date that give people the option of giving money or supporting you in other ways (e.g., volunteering; in-kind donating; advocating, etc.).
It’s all philanthropy (aka “love of humanity”).
You likely collect a lot of data in your donor database, but is it really valuable to you? It’s not if you just let it sit there, rarely lo at it, and never run reports based on data that will help you with meaningful donor segmentation for appeals. And by that, I mean meaningful from…
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Here comes my occasional “Do’s vs. Don’ts” feature, where I with you something arriving in my box that seems a good ‘teaching opportunity.’ Today we’re going to review an on renewal appeal strategy. It arrived as an e. There’s (1) a subject , (2) a preview pane, (3) the e itself, and (4) what…
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BOO!
Halloween is creeping up on us, so I’ve got some really scary stuff for you!
Don’t get too spooked. There are also a few treats.
In fact, you’ll get eight delicious goodies — in the form of “to-do’s.”
But first… the bad news.
No bones about it, you’re frightening folks away if you’re committing any of these 8 boo-boo’s!
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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:
Let’s take these fundamentals one at a time.
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
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If you want gifts, you must give them Giving is not always its own reward. Sometimes you have to help it along if you want to truly show donors they matter. Some years ago I happened upon an article by Scott Monty, offering some Father’s Day advice. It included a brilliant idea for a gift…
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Remember, behind all your work there are people. It’s your job to learn about them. One of your best tools is curiosity. One study published in Harvard Business Review, found curiosity builds trust and improves relationships in the workplace. It also builds trust between you and donors. Jon Simons, Executive V.P. of DBD Group, suggests curiosity is…
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When the world feels wildly out of whack, it’s time to figure out how to bring things back into some semblance of balance.
Today I share a proven 1-2-3 formula for nonprofit fundraising success — even when the ground underneath feels shaky.
This is a time when keeping one’s balance is quite a challenge. But, if you use this formula, you can steady yourself, right your organizational ship, and bring meaning, purpose and joy to others in your community who share your values.
What I’m about to share is obvious. I know you know it. But… do you do it?
Just in case you need a little reminder.
I’m talking about balancing self-love with donor-love with mission-love.
You’re no doubt familiar with the adage “You can’t help others unless you first take care of yourself.”
This is a truism you should carry with you throughout your life, and not just when the oxygen masks come down on an airplane. It’s never been truer than in the times in which we’re currently living, when there are new things about which to worry seemingly daily.
How do you lead the way forward, helping yourself and others navigate through the tough times?
I’d like to suggest you heed this 3-Step Formula to nonprofit fundraising success.
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