Three San Francisco Hearts: heartsinsf; Love Captured Heart; Planes

Nonprofit Major Donor Fundraising A B C’s

Three San Francisco Hearts: heartsinsf; Love Captured Heart; Planes

You don’t just roll out of bed one day, randomly go visit a major donor prospect and ask for a random amount. At least not without a boatload of advance preparation. Right?

It’s a lot smarter to begin at the beginning.

And then take it step by step from there.

According to a plan.

A plan to secure BIG gifts for you BIG mission.

It’s always a great time to review what you can do to get yourself and your solicitors (staff and volunteers) ready to make win/win matches between your organization and your prospective major donor/investors.

Ready for some A, B, C’s?

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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-Heart-of-Gold-Birds-of-the-Americas-Keeping-Balance. Benefit for S.F. General Foundation

Why Do People Make Philanthropic Legacy Gifts?

Three-San-Francisco-Hearts-Heart-of-Gold-Birds-of-the-Americas-Keeping-Balance. Benefit for S.F. General FoundationThere’s a lot of potential legacy giving out there in the universe. Per Giving USA 2022, giving by bequest was an estimated $46 billion, (an increase of $5 billion from just two years previous). What are you doing to assure some of it will flow to your cause?

First, Identify Your Audience for Legacy Gifts

I cover this subject in depth in Where Are Our Nonprofit’s Legacy Donors?  Contrary to the way most nonprofits behave, legacy gifts don’t simply fall from the sky. They’re not delivered by storks carrying baskets filled with wills, trusts and beneficiary designations. You need to do something proactive.

You can’t simply rest on your reputation, however solid it may be. You could be raising tons and tons of money annually, and it won’t necessarily translate to bequests. It’s not because your donors aren’t the will-writing kind. That may be true for some of them, but there are other simple ways to leave a legacy accessible to all. Donor willingness is not the problem.

You are!

Key: Your Willingness to Prioritize Building a Legacy Giving Program 

No charity succeeds simply waiting by the phone for folks to call. You’ll receive a bequest or two, perhaps. But nowhere near what you could receive if you took the bull by the horns and created a program that speaks to why people make legacy gifts.

There are two main reasons: (1) they’re asked, and (2) it feels meaningful to do so. So, given this, what do you incorporate into your program? What if I told you there’s a way to take charge of your own destiny, as you simultaneously help donors take charge of theirs?

STEP #1: Figure out a strategy to get folks thinking of you as a recipient of their philanthropic largess after death. There are elements to include in a full-fledged legacy giving program, and I’ve written about that plenty (e.g., see here and here).

STEP # 2: Help donors connect their giving to their personal identity and meaning. People may believe you’re awesome. But when it comes to distributing the hard-earned income accrued over a lifetime, they just don’t think of you that way. As an extension of their family, deepest values and essential identity. This is where many nonprofits fall down on the job, and it’s what I want to discuss today.

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Fish in a pond

What Fishing Can Teach Us About Fundraising

Fish in a pondAre you in the right pond?

Alas, nonprofits spend too much time thinking about the right way to ask people for donations, yet not enough time thinking about who the right people are to ask. 

It’s like buying a perfect fishing rod and reel, learning how to cast, and then casting off into empty waters.

Folks, success — in fishing and fundraising — takes more than toiling, tackle, and time.

If you are fishing in the wrong place, nothing else matters.

If I had a nickel for every time I’ve heard a volunteer or staff member in an organization say “Why don’t we get So-and-So Famous Person to give?” I’d be a wealthy woman.  Because usually, within a given community, everyone is targeting the same So-and-So.  And here are four reasons why that won’t work.

When You Need to B. A. I. L. on a Donor ‘Prospect’

Determining who to include in your major donor prospect portfolio takes work. It’s not something to be done on a whim (or on the whim of a board member who throws out the name of a celebrity who resides locally or a nearby venture capitalist or tech CEO.)  That’s why I put “Prospect” in quotes, because So-and-So is not a viable prospect for you in any of the following circumstances.

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Felt heart hanging from a pole

Top Secret Strategy to Communicate with Nonprofit Donors

Heart carved into treeDid you ever wonder if there is a foolproof way to communicate with donors?

Actually, there is!

And it’s not about process.

It’s about another ‘P’ word.

Can you guess?

I’ll give you a hint.

It relates to the secret business your nonprofit is in.

You may think you’re in (arts, healthcare, human services, environment, social justice, animal rescue, education or whatever) but, fundamentally, your core business is something else.  Something deeper.

Something that emanated from whoever founded your nonprofit.

Without this special something, your nonprofit wouldn’t exist.

Have you figured it out?

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Hands, Heart, Silhouette, Setting Sun

How to Find Your Nonprofit’s Highest Likelihood Major Donors

Hands, Heart, Silhouette, Setting SunIn 5 Indicators for Identifying the Best Potential Donors, a guest post on the Bloomerang blog from Ryan Woroniecki of Donor Search, the key indicators someone might be inclined to support you with a major philanthropic gift are laid out.  These indicators are, in order:

  1. Previous giving to your nonprofit
  2. Giving to other nonprofits
  3. Participation as a foundation trustee
  4. Giving to federal election campaigns
  5. Real estate ownership

One thing is indubitably true: the more you know about people the better you’ll be able to assess, and work with, their likelihood to invest with you philanthropically.

Another thing is also true: not all these indicators are created equal. They’re listed in order of importance above but, for my money, numero uno is far and away the most significant.

We hold these truths to be self-evident

The people most likely to become major donors to your organization are already known to you. You don’t have to do research to find them, or find friends to introduce you or gate-keepers to let you in. You only have to do one simple thing.

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Skyrocketing

10 Strategies to Skyrocket Major Gift Fundraising

Skyrocketing“Begin at the beginning and go on till you come to the end; then stop.” So wrote Lewis Carroll in Alice in Wonderland.

It’s the same with major donor fundraising, except you don’t ever really stop.  You just start up again. You do follow a prescribed path, however.  And here’s what it looks like:

  1. Before
  2. Ground Floor
  3. Explore
  4. Back Door
  5. Adore
  6. Mentor
  7. Ask For
  8. Implore
  9. Rapport
  10. Report

If you do this correctly, it becomes a transformational process for the donor. They want to stay connected and engaged and invested.  Which is why you don’t stop.  You follow up with “Some More.”

But first…

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Giant gummy bear

The Giant Mid-Level Fundraising Opportunity Your Nonprofit’s Missing

Giant gummy bear escaping from smaller gummies

Bet you’ve got some giants hiding in your midst.

Nonprofits pay a lot of attention to donor acquisition. Then?

They largely ignore these donors, unless…

They become worthy of attention by virtue of being ‘major’ donors. Then?

Nonprofits pay a lot of attention to major donor relationship building. But…

Between new donor acquisition and major donor cultivation, solicitation and stewardship, what happens?

Usually not enough.

This is a BIG missed opportunity.

You’ve likely got great donor prospects hiding inside your own donor base, and you’re essentially treating them like, well, poop.

What if you were to begin to look at your mid-level donors as the transformational fundraising opportunity they are?

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Major donor meeting, two women

Avoid these Key Obstacles to Successful Major Gift Asks

Major donor meeting, two womenIn Part 1 of this two-part series delving into the topic of major gift fundraising asks, we looked at a number of Proven Strategies to Take Charge of Major Donor Asks. Specifically, we covered (1) four elements of a successful visit and (2) four elements of a compelling offer. Feel free to refresh yourself before we move on.

Other Things You Need to Know about Asking

Now I want you to truly think about the offer from the recipient’s perspective.

As insiders, we often don’t stop to think about the outsider perspective. It’s just human nature to become so absorbed in a topic it starts to seem obvious. To us.

When crafting your compelling fundraising offer however, it’s important to stop and consider how it may be received. As noted in Part 1:

  1. If it’s too general or vague, it’s unlikely you’ll get the donor’s most passionate gift.
  2. If you offer something of little interest or relevance to the donor, they won’t give you their full attention.
  3. If the problem you describe is broad in scope, the idea of addressing it in any meaningful way may seem too daunting.

You can’t ask the donor to address your entire mission.

  • “Ending hunger” sounds awesome to you, but impossibly unrealistic to the donor.
  • “Curing cancer” sounds splendid to you, but too huge in scope to the donor.
  • “Eradicating poverty” sounds vital to you, but absolutely overwhelming to the donor.
  • “Becoming a world class symphony” sounds grand to you, but grandiose to the donor.
  • “Saving children” may be your priority today, but you also serve seniors and that’s what the donor most cares about.

2 Vital Things to Keep in Mind Going into Asks

When crafting and making a major gift fundraising ask, make sure you incorporate the following into your planning:

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