Missteps in Nonprofit Fundraising
Here’s one misstep I see fundraisers make all too often.
It’s automatically shifting into transactional fundraising when the opportunity for relationship-building exists.
What do I mean? Here are a few examples:
Truth: Some Foundations like to make multi-year commitments.
Misstep: Asking Individuals for a multi-year commitment before you’ve worked up to their best gift.
Truth: Some Corporations like to sponsor events to receive awareness/promotions.
Misstep: Asking Foundations or Major Donors to sponsor events is a wasted relationship opportunity.
Truth: Some Foundations like to give toward restricted projects via proposals.
Misstep: Not equipping your team how to lead Individuals through investment-level conversations forces them to default to restricted project proposals.
Here’s the bottom line:
Donors NEVER give their best gift as a result of transactional fundraising activities. Automatically assuming things like multi-year commitments and sponsorships for donors who would have a relationship with you is leaving hundreds of thousands of dollars on the table.
Your goal? To build relationships with corporations, foundations, and individuals and eventually lead them to a one-on-one ask.
I know. That’s not what the sector has told us to do.
But, the sector’s age-old traditional fundraising activities don’t work.
Old keys don’t open new doors. If you're ready to hold new keys in your hand you can apply to work with me here.
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