The essence of fundraising (i.e., development) is often analogized with “asking for the gift,” or “engaging the giver,” or “cultivating the prospect,” or even “stewarding the donor.” But almost never is fundraising viewed as “spreading ideas.” Spreading ideas, though, is exactly what the best development and advancement leaders and teams do exceptionally well. They effectively…
Category: Financial Aid
A Higher Education ‘Feel Good’ Story With a Moral
Recently, I read a news story about a woman who posted on social media about potentially missing out on a substantial scholarship offer from Maryville College in Tennessee. If you have yet to read the story, the basics are that student was going to need significant financial assistance to go the traditional 4-year college route. …
Telling The Donor Story
Gift officers are notorious for attending Prospect Management meetings and recounting the biographies and histories of the donors to which they are assigned. Over and over again, they tell the stories of what has happened in the past with that donor that sets up the potential for the next gift. What if, instead of focusing…
Things Good Leaders Say
Not long ago I had the good experience of listening to Adam Weinberg, president of Denison University address parents and families of current students. He delivered prepared remarks for about 15 minutes (no powerpoint) and he spent another 45 minutes addressing questions from the audience. Here are 3 things president Weinberg said that struck me:…
Budget Decisions
Most advancement leaders agree: Major and principal gifts most often emerge from longer-term, trusting relationships built with donors on a foundation of personalized, face-to-face interactions. Annual giving programs are most effective when they are built on a foundation of consistent, multi-channel direct invitations to give. Special events should be few and are inefficient for fundraising….
Time and Money
Most every institutional and advancement leader will say they want to raise more money in the future. In fact, most will say adamantly that they need to raise more money in the future. However, many leaders will also say in the very next breath, “but we don’t have money to add a new gift officer…
It’s Never Too Late
. . . to better engage your Board; . . . to reinvigorate your institution’s social media presence; . . . to make your direct mail solicitations more compelling; . . . to do something about climate change; . . . to get on the road and visit with donors more; . . . to…
The N=Me Fallacy
Here are some potentially less helpful starting points when brainstorming new advancement strategies with colleagues: “I wouldn’t go to that event . . .” “I don’t respond to direct mail . . .” “I’m not seeing that much at all on my social media . . .” There are 2 potential problems with these strategy-setting…
Motivations
We regularly discuss donor motivations, why people give and get involved, and how to appeal to their interests. What’s far less common are discussions focused on why we ask donors to give, why we invite volunteers to get involved, or how to appeal to our own motivating factors. If you are an advancement leader and…
What Volunteers and Donors Don’t Always Know
Steve Jobs, the former CEO and co-founder of Apple Inc., is quoted to have said, “Get closer than ever to your customers. So close that you tell them what they need well before they realize it themselves.” I’ve reflected on this counterbalance to “the customer is always right” perspective for years. I can recall, for…