Many nonprofit executives still struggle with how to pay for fundraising. That’s a shame because fundraising done well pays for itself. Yet the dilemma is real and persistent. Below I suggest a few ways to break out of this impasse.
Years ago I was introduced to an adage that has been largely attributed as being an old Chinese Proverb, indifferent to its origin the meaning is still sound. It says, “The best time to plant a tree was 30 years ago, the next best time is today.”
During Q&A sessions in speeches or panels I often get asked by #nonprofits when should we start collecting #data? I share that adage with them. We just went through Giving Tuesday and aside from end-of-year fundraising, this is where we see a lot of nonprofits make mistakes with their data.
This article highlights five of the biggest issues we see nonprofits encounter with their data.
For me, I am a fundraiser because I believe the nonprofit sector can do a lot more to reduce poverty; so I raise funds toward achieving that aim, toward securing the necessary capital for designing and implementing anti-poverty policies and program solutions. With Gandhi, I believe that “Poverty is the worst form of violence.” That’s why I’m a fundraiser, and why I’m also committed to the constant improvement of my vocation. I wrote more about what a fundraiser does at this blog post.
U.S. charitable giving increased significantly in Q2 2022, but gains were accompanied by a continuing steep decline in donor acquisition and retention, particularly among new and newly retained donors, according to the Fundraising Effectiveness Project’s (FEP) Second Quarter Fundraising Report. The Fundraising Effectiveness Project (FEP) is a collaboration among fundraising data providers, researchers, analysts, associations, and consultants to empower the sector to track and evaluate trends in giving. The project offers one of the only views of the current year’s fundraising data in aggregate to provide the most recent trends for guiding nonprofit fundraising and donor engagement. The FEP releases
We Baby Boomers are rapidly aging out of nonprofit leadership. Meaning, there’s a huge impending leadership void in the sector that needs to be filled. Also, nonprofit board members tend to skew older and are often quietly distrustful of youth and “inexperience.” And so the cycle continues. Yet, in less than a decade, millennials will make up 75% of the workforce. It would behoove your nonprofit to upgrade any outmoded staffing practices to facilitate the growth of the organization’s next generation of leaders—many of whom may already be in your organization. Millennials care deeply about climate change because they are
Your year-end fundraising strategy must pay special attention to the last four days of the year. December is the most lucrative giving month of the year, and especially so for online giving. Approximately one out of every three dollars in annual giving is donated in December. In fact, 28% of nonprofits raise between 26% and 50% of their annual funds from their year-end drive. An additional 36% of nonprofits raise nearly 10% of their annual funds from their year-end ask. For online giving, the figure is even higher, with 12% of all annual online giving coming in the last four days. (Statistics
Can you imagine how many nonprofit appeal letters I receive after 40 years in fundraising? And yet I still open each one, relish most of them, and occasionally grimace. Here are advanced tips for crafting your year-end appeals that will help you raise more revenue. 1. Is direct mail dead? It most certainly is not. Direct mail is still the workhorse of fundraising. You’ll want to collaborate closely not just with your printer and mail house, but everyone on your team—including your copy editor and graphic designer. What’s a good response rate for direct-mail fundraising? A recent Direct Marketing
“If the only prayer you ever say in your entire life is thank you, it will be enough.” ~Meister Eckhart, (1260 – 1328) Your Thanksgiving Thank-A-Thon is critical to your year-end fundraising drive; but it’s also the penultimate moment for you to express unabashed gratitude to your donors and funders. My blog posts this month have been all about boosting your year-end giving. I’ve already described what’s ahead for year-end giving in 2022; you can read about that here. Last week, I wrote about empowering your board members to take leadership roles in year-end fundraising and recommended that you create
By Michael Taylor, CFRE, CEO Year-end giving is on all fundraisers’ minds right now—we all want to have the best returns possible. Last week, we described what’s ahead for year-end giving in 2022; you can read about that here. Over the next few weeks, I’ll examine various aspects of year-end giving, including the Thanksgiving Thank-A-Thon, year-end appeal letters, and the crucial last four days of the year. Stay tuned. Today, let’s look at some tips for inviting your board to play a leadership role in your year-end drive. It’s our job as fundraisers to make it easy for board
“Books are well written or badly written. That is all.” Well, whatever aesthetic criteria Oscar had in mind when talking about literature, we can now scientifically say the same for fundraising copy. All I’ve ever done is write copy (I mean, I’ve done other stuff with my life, but not for a living). But it’s only in the past year, since testing and launching the Copy Optimizer, I’ve had any objective criteria by which to assess whether anything I wrote was good or bad. In the fundraising world good or bad is defined by response rate. But despite endless drafts and rounds
