Blog header image

The value of thinking long term

If you’re in Development, you probably get a lot of pressure to focus on money. Bring it in NOW. Get the gifts. Make the asks!

A board member or even your Executive Director may push you to have events – lots of events. “They bring in the money. “ “They build the donor base.” And when donor retention is down, they blame you.

Okay, time to teach. Help the board, the administration, and the staff understand the difference in raising money and building support. It’s the difference in thinking short term and thinking long term.

Yes. There are times when you need the money NOW, and that’s usually because the organization has been thinking short term.

Here’s what I mean. You had a gala, a golf tournament, a 5K, and a peer-to-peer campaign. Your raised money. It looks good, but now you are on the hamster wheel. You’ll have to keep having LOTS of events, because you raised money, but you didn’t necessarily raise support. You may have bumped up the donor numbers, but are they committed? Do they know who you are, what you do and why, or did they just have fun, give because Aunt Suzie invited them, brother John asked and they gave, they don’t really know to what.

Let’s look at the best practices. Data does show one signature event is best – one that clearly shares your mission and has donors leaving delighted to be part of something so important. You have the best chance of gaining real support -people who give and give again, because it matters to them.

Best practice shows that taking time to build relationships has a greater long-term benefit. So, think long-term. You want support – long term support. You want people who are glad to be partners, who are with you because they care, because they know they are needed and appreciated. They are not giving to get a prize, or to get their name on a list or even a building. They are giving because your mission matters to them. They are giving because they know they are part of the mission’s success.

This is where long-term comes in. It means taking time to know what matters to your donors, sharing stories and data that matters to them. It means taking the time to call, to write the personal note, to send the picture that shows the result you know they care about. When it’s safe, it means making the visit, having coffee, having them come in to see what they care about.

It also means giving them the opportunity to share their skills and talents as well as their cash. Ask that Marketing Professional to give you feedback on your website. Ask the graphic designer to advise you on your branding. Ask the English teacher to proof your appeal. Ask that person who loves to entertain to host a small group gathering.

It feels good to give.It feels good to do good. It feels good to be noticed. It feels good to be recognized. It feels good to matter. And we all want to feel good.

BLOG ARCHIVE

NOW I have a plan

Thanks to a White Paper by Veritus Group , now I have a plan I can live with for qualifying major donors. Up until I read this White Paper, every time my Executive Director asked for my plan for each donor, I wrote one up, and handed it in, but always with the caveat,...

Share the joy – ASK

“I can’t ask people for money. I HATE begging! Don’t you? How can you stand it?” If you’re in Development, you’ve heard these words – from board members, administrators, staff and volunteers. But in Development, we just see asking differently. For us, we invite...

John Lewis and his lessons for nonprofits

If ever there was an example of how to benefit a cause, how to live a mission, John Lewis lived it. As I listened to the tributes at his funeral, I thought, that’s who all of us in the social sectors want to be. John Lewis lived a life of purpose, a life with meaning....

Things are going well. Why is that?

With the world so unsettled lately, I’ve been looking at my resume. I’m very goal oriented. Tell me you need $10. I’ll get you $20. Everywhere I’ve been, I exceeded monetary goals, doubled, or tripled the donor base, increased donor retention. The list of...

Nonprofits – how should our teams work?

Maybe we’ve been looking at Development wrong. In fact, maybe we’ve been looking at our nonprofit structures wrong. We segmented roles: boards govern and oversee the director; the staff carries out the mission, the administration oversees the staff, and donors supply...

Donor Communication: Formal and Informal

There is a need for formal pieces. They introduce you to an audience you don’t really know yet. I learned a lot about formal pieces as the first ever Director of Communications at Chatham Hall. Chatham Hall does things well. It was the perfect place to perfect the...

Money may not be the root of all evil

As Development Officers, we think a lot about money. There are goals to be met, programs to fund, salaries to pay. Even when everyone: staff, board, dedicated donors and volunteers help, that goal feels very personal. The stress can feel enormous and too often...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Subscribe To My Blog