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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

  1. Forgetting to ask for the gift
  2. Not requesting a large enough gift
  3. Talking too much and not listening
  4. Neglecting to engage the prospect – i.e. “Am I being clear? Do you have any questions?” etc.
  5. Staying too organization-focused rather than discussing client benefit, community and prospect impact.
  6. Not being flexible, devoid of alternative support ideas
  7. Failing to do enough research and not knowing about the prospect before the solicitation
  8. Allowing the conversation to conclude without summarizing any actions needed
  9. Not having prearranged solicitation team signals
  10. Asking for the gift too soon
  11. Speaking rather than staying silent after the Ask
  12. Settling on the first offer
  13. Ignoring relationship building prior to solicitation
  14. 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.)

 

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,

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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


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.

 

 

 

 

Sponsored by: Corporation for National & Community Service and Resource & Fund Development Initiative For more information, contact: Campaign Consultation Inc. 2819 Saint Paul Street, Baltimore MD 21218-4312 USA
Success@CampaignConsultation.com
www.CampaignConsultation.com

Details from above:

Putting Yourself in the Path (cont.)

  • Join established networks
  • State and Local Nonprofit Associations

    Civic Groups

    Networking groups

    Chambers of Commerce

    Government agencies at all levels

  • Identify state and national groups and people interested in your issue and go to meetings they are most likely to attend

    Conferences

    Award Dinners

    Foundations

    Advocacy groups

    National corporations

  • Use reference tools and materials to learn more about funders
  • Google

    Foundation Center

    GuideStar (free noprofit and foundation information on IRS 990 forms)

    Chronicle of Philanthropy

    Foundation websites

    Corporate websites

  • Gain ideas by studying efforts in other communities

    Web based research

    List serves of similar programs

    Conferences

    Professional Organizations


Glossary

Estimated Giving Capacity

  1. The amount a donor prospect can donate to nonprofit organizations in one year, or the amount the prospect can give to your organization over five years.
  2. Derived from a formula analyzing assets, liabilities and income.

Interest level

  1. The level of involvement a donor prospect has had with your organization.
  2. The level of involvement a donor prospect has had with other similar nonprofit organizations.


Additional Resources

National ASK to Sustain Institute, Campaign Consultation, Inc. 1998.

Resources Now! National Institute, Campaign Consultation, Inc. 2006.

Alexander & Carlson. Essential Principles for Fundraising Success. 2005.

Ciconte & Jacob, Fundraising Basics: A Complete Guide. 1997.

Donovan, James A., Take the Fear Out of Asking for Major Gifts, 1998.

Flanagan, Joan, Successful Fundraising: A Complete Handbook for Volunteers and Professionals 1993.

Kihlstedt, Andrea Capital Campaign Strategies that Work. 2005.

Klein, Kim, Fundraising for Social Change. 2001.


Tell Us!

We are interested in hearing about your successful networking strategies

We can provide research on some of your major gift prospects?

Let us know by contacting us through LEADline@CampaignConsultation.com

Other Campaign Consultation offerings include:

  • Resources Now! National Institute: A three-day ocused sequence of training and coaching opportunities offered for a total of 240 participants.
  • Online Courses: Web course delivery of topics pertinent to resource development.
  • Learning Templates: Interactive tools and skill practice guides to aid you in resource development.


Read Back Issues of OTG e-TA