When organizations aren’t raising as much money as they need, they’ll often tell me: “We need to recruit new board members.” This is very often true, but it’s only a piece of the puzzle as to why they’re not being successful with fundraising. So if you’re about to embark on some board recruitment, I…
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If I had to tell you what you need to do to succeed with major gift fundraising in one short paragraph it would be this:
Identify prospects. Qualify them so you know they want to build a deeper relationship with you. Cultivate them. Visit with them. Listen to them. Ask them for something specific that resonates with their passions. Steward their gift. Communicate the impact of their gift, more than once, to cement the relationship and make them feel like the hero they are.
It’s definitely not rocket science. It’s just not something most of us are taught. Ultimately, success depends on doing the right things the right way. Once you know what is required, success comes from good old hard work. Satisfying and rewarding work. It’s a type of work anyone can learn to do. [If you want to learn, please sign up for the upcoming Certification Course for Major Gift Fundraisers that begins January 25th. It may be the most important investment you make all year. Just one major gift will more than cover the cost].
Over my 39 years in fundraising, 30 of them working in the trenches as a director of development for organizations with budgets ranging from $1 – $40 million, I have asked for a lot of major gifts. I know what works, and what doesn’t work. Today I want to give you some of my best words of wisdom, and also answer some of the questions folks tend to ask me frequently.
I hope these tips will help you tweak your mindset and invigorate your systems so you can be more successful fundraising in the coming year!
Tomorrow is “leap day” — that little something extra we’re given every four years, just to slow things down a bit and make February last a bit longer.
Leap day has something in common with nonprofit boards of directors — that little something extra we’re given — volunteers put in charge of the business; something that sometimes has an unfortunate tendency to slow things down and make decision-making take a lot, lot longer than it should.
Sound familiar?
Work in a nonprofit organization for any period of time, and you’re likely to hear yourself or someone else complain:
When asked by BoardSource, more than 1,000 nonprofit leaders gave nonprofits boards a “B-minus” grade in overall performance. Almost a third of nonprofit CEOs reported being unhappy with their boards’ support of them in their role as leader, and many of these folks were considering leaving their positions. When it comes to community relations and fundraising, CEOs rated their board members even worse — giving them a C! This is barely a passing grade.
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How do you help those who are afraid of fundraising to become comfortable in what should be a mission-aligned role for everyone associated with your nonprofit organization?
After all, everyone benefits from increased philanthropy. Not just development staff.
Increasingly, successful nonprofits are adopting cultures of philanthropy where everyone involved – administrative staff, program staff, board members, committee members, direct service volunteers and even beneficiaries – comes together as ambassadors, advocates and askers on behalf of furthering the organization’s mission, enacting its values and fulfilling its vision.
Facilitating philanthropy is not rocket science, yet folks unaccustomed to the relationship cultivation and solicitation required to land major donations are fearful because they don’t know how to do it. It’s the job of a nonprofit’s leadership to work with your insiders (staff and volunteers) to help them feel both passionate about the cause and confident in the fundraising process.
Still, there are barriers to be overcome; first and foremost is fundraising fear. This fear takes many forms, and is perhaps best expressed in some of the questions I frequently receive. So I’m endeavoring to answer a few of these questions below. Hopefully this will help you address these challenges within your own organization so you, too, can transform folks from fearful and reluctant to joyful and ready fundraisers.
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Many nonprofits are stuck.
They’re tethered to their early decisions. Often made by others who came before them.
But times change. Organizations evolve.
Or they don’t.
The organizations that don’t adapt to changing times are often those that fail to make new decisions. They’re the ones who say “that’s not how we do things here.” Or they poo-poo decisions made by new folks who come on the scene, saying “they don’t understand our culture.”
These are the organizations that tend to shrink over time. They lose their energy. Their once-vital raison d’etre becomes less urgent. And their appeal to donors diminishes.
I recently listened to Jerry Panas, one of the most revered fundraisers in our country, talk about what he called the “deficit of mission.” He made it very clear that boards have two critical roles:
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Last week I gave you my top priorities for nonprofit success in 2017: “Seven is Heaven.” I suggested you focus on each of these with written plans in the year ahead, and that you persist in improving your mastery in each area.
If you embrace these priorities, I’ve little doubt you’ll see greater success in generating the contributions your nonprofit needs to fulfill your mission this year — and in the years to come.
Last week, in Part 1, we covered the first four priority areas. Today we focus on the final three areas.
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