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Dear
“Whom Should I Ask,”
The
first rule of fundraising is “you have to ask.” Then
you need to focus on the most likely person to say “yes.”
As you write your Annual Resource Development Plan (see last week’s
OTG e-TA,) identify those prospects whom you target for major gifts
and work with your fundraising volunteers to solicit them appropriately.
Make it a goal to develop plans and conduct solicitations with at
least five major gift prospects this year. The following On-the-go
e-TA information is designed to help you avoid common solicitation
errors, put yourself in the path of funders, and start with your
most positive prospect first.
Refer
to the content section on the right to click on resource development
topics. Use the hyperlinks within blurbs for more detail. For past
editions, use the right side and click Read
Back Issues of OTG e-TA. Tell us what
you think of OTG e-TA and link to LEADline.
We encourage you to send this and other issues of OTG e-TA to friends
and colleagues who would benefit from the information. Also, if
you’re on information overload, you may request email removal.
Otherwise OTG e-TA will be back in two weeks with another edition.
Both, the sponsor, CNCS (Corporation for National and Community
Service) and its provider, Campaign Consultation, wish you ongoing
success in raising resources.
The
14 Most Common Errors Made in Soliciting a Major Gift
-
Forgetting to ask for the gift
-
Not requesting a large enough gift
- Talking
too much and not listening
- Neglecting
to engage the prospect – i.e. “Am I being clear? Do
you have any questions?” etc.
- Staying
too organization-focused rather than discussing client benefit,
community and prospect impact.
- Not
being flexible, devoid of alternative support ideas
-
Failing to do enough research and not knowing about the prospect
before the solicitation
-
Allowing the conversation to conclude without summarizing any
actions needed
- Not
having prearranged solicitation team signals
-
Asking for the gift too soon
-
Speaking rather than staying silent after the Ask
-
Settling on the first offer
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Ignoring relationship building prior to solicitation
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Sending untrained solicitors out on the call without adequate
practice and preparation.
Adapted from The Public Management Institute
(Conrad, 1978)
You can avoid the most common errors and prepare yourself for success
in getting the gift you want by planning and practicing what you
and others on your solicitation team will say and do before the
visit. Logistics planning covers everything from scripting the visit
to giving hidden cues to others on your team.
(Click
here to download a logistics planning worksheet you can use with
your fundraising volunteers before you make a solicitation call.)

Put
Yourself in the Path
As
the lead spokesperson for your program, you need to meet as many
people as possible, and people need to meet you. Put yourself in
the physical environment of prospects and other professionals who
can help you. Invest the time to expand your supporter network,
single out those networks and information sources you can pursue.
Look for personal and research networks that will tell you about
your prospects’ interests and history. The more you know,
the better you’ll ask…and the more you will receive.
(Click
here for ways you can expand your networking possibilities in your
community.)

Start
With the Best Prospect First
Your
best prospects are those who have both the capacity to make a major
gift to your organization and an interest in your organization’s
work. Research into the prospect’s financial information will
reveal an Estimated Giving
Capacity. You can determine Interest
Level based upon connections to your organization.
Both a prospect’s estimated giving capacity and his or her
demonstrated interest level can be coded to determine your best
prospects. You are looking for prospects that have the highest total
of both codes.
(Click
here to view a downloadable chart to help you qualify your donor
prospects, and a form to help you choose the best prospect first.)


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IN
THIS ISSUE:
click
on titles below to read full articles
| The
14 Most Common Errors Made in Soliciting a Major Gift |
| Put
Yourself in the Path |
| Start
With the Best Prospect First |
Share
Square
Facts
for your fundraising volunteers to pursue |
| Glossary
Additional
Resources
Let
Us Know
Share a successful fundraising
experience
and help others
Ask
a resource development question
and get some advice...
Questions?
Contact us through LEADline@CampaignConsultation.com |
Read
Back Issues of
OTG e-TA
| Upcoming
Training
Upcoming
CNCS/Resource & Fund Development Initiative Offerings:
Resources Now! National Institute:
Training and coaching opportunities offered over
3 days. Next in Providence, RI, September 27-29.
View
brochure.
Register Online
Online Courses:
Web course delivery of topics pertinent to resource
development.
Next in July—Build Fundraising Volunteer
Champions.
Available through the Resource Center,
Click
Here
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“We
don't accomplish anything in this world alone ... and whatever
happens is the result of the whole tapestry of one's life
and all the weavings of individual threads from one to another
that creates something.”
Sandra
Day O’Connor
Justice, Supreme Court

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Share
Square
Church
groups, senior centers, Rotary and Kiwanis Clubs are
always seeking speakers and interesting topics for their
programs. Get on their schedules and get your program
known in your community. You will meet people who will
take an interest in your work, and these are potential
donors.

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