major gift fundraising for small shops w/ jay love

Post on 14-Apr-2017

1.272 Views

Category:

Government & Nonprofit

0 Downloads

Preview:

Click to see full reader

TRANSCRIPT

Major Gift Fundraisingfor Small Shops

Your PresenterJay B. Love

• 33 Years of Technology Leadership• Over 20,000 Database Installations• Former Founder & CEO of eTapestry• Former CEO of Master Software/Fund-Master• Conner Prarie Museum Board Member• AFP Ethics Committee Chairman• Center on Philanthropy at IU Board Member• Innovation Fund at Butler University• Gleaners Food Bank Board Member• Co-Chair of Indianapolis YMCA Capital Campaign

3

Can small and mid-sized nonprofits really raise

major gifts?

Three Experts Wanted An Answer »

MasteringMajorGifts.com/Report

The Result »

Lead Sponsors »

Study Participants »

662 nonprofits w/ operating

budgets of $10M or less

Study Methodology »

• Literature review• Interviews• Survey

Respondents By Budget Size »

Respondents By Category »

Findings

Mean Contribution By Channel »

Number Of FTEs Doing Fundraising »

“Major Gift” Defined »

Mean: $24,555Median: $5,000 Mode: $1,000

Number Of Fundraisers Engaged To Work On Major Gifts »

Mean Mean Total FTEs

$5m - $10m 3.2 0.9

$1m - $4.9m 2.5 0.5

Under $1m 2.1 0.3

Number Of Volunteers Engaged To Work On Major Gifts »

Major Gift Fundraising Performance »

Major Gift Pipeline »

Correlations »

• Focusing on first-time gifts negatively impacts performance

Correlations »

• Focusing on first-time gifts negatively impacts performance

• Suggestions:• 5+ years of giving• 12-18 touches to build relationship• 18-24 touches to cultivate major gift

Correlations »

• Few organizations track drivers of long-term value such as donor satisfaction or commitment

Correlations »• Few organizations track drivers of long-

term value such as donor satisfaction or commitment

• Suggestions:• new donor survey within 3 months• donor survey after 2-3 years• telephone survey after 3-5 years• “would you recommend this charity?”

Correlations »

• Strong correlation between training and fundraising performance (each additional form of training is associated with a $37k increase in revenue)

Correlations »

• The quality of IT systems in place is key to driving the number of major gifts received

Correlations »

• The quality of IT systems in place is key to driving the number of major gifts received

• Organizations whose boards and volunteers play an active role are more successful in major gift fundraising

Correlations »

• The quality of IT systems in place is key to driving the number of major gifts received

• Organizations whose boards and volunteers play an active role are more successful in major gift fundraising

• Individuals with longer tenure tend to be more successful in major gift fundraising

10 Recommendations

1. Donor Retention »

https://bloomerang.co/retention

https://bloomerang.co/retention

Acknowledgement segmenting »

2. Prospect Research »

5 best indicators »

5 best indicators »

1. Previous Giving To Your Nonprofit

https://bloomerang.co/blog/5-indicators-for-identifying-the-best-potential-donors

5 best indicators »

1. Previous Giving To Your Nonprofit

2. Giving to Other Nonprofits

https://bloomerang.co/blog/5-indicators-for-identifying-the-best-potential-donors

5 best indicators »

1. Previous Giving To Your Nonprofit

2. Giving to Other Nonprofits3. Participation as a

Foundation Trustee

https://bloomerang.co/blog/5-indicators-for-identifying-the-best-potential-donors

5 best indicators »

1. Previous Giving To Your Nonprofit

2. Giving to Other Nonprofits3. Participation as a

Foundation Trustee4. Federal Political Giving

https://bloomerang.co/blog/5-indicators-for-identifying-the-best-potential-donors

5 best indicators »

1. Previous Giving To Your Nonprofit

2. Giving to Other Nonprofits3. Participation as a

Foundation Trustee4. Federal Political Giving5. Real Estate Ownership

https://bloomerang.co/blog/5-indicators-for-identifying-the-best-potential-donors

3. Tenure »

https://www.compasspoint.org/underdeveloped

https://www.compasspoint.org/underdeveloped

4. Training »

Development ActivityPercent

 Online training tools/webinars 56.4Ad hoc or occasional training 54.5Mentoring by a member of your organization’s team 25.3Mentoring by an external consultant or fundraiser 22.4

https://bloomerang.co/resources/webinars

What has your experience been?

5. Education »

6. Donor-Centered Culture »

https://bloomerang.co/blog/5-ways-organizational-culture-impacts-fundraising

https://www.compasspoint.org/underdeveloped

Developmental Team Meetings »

• What did we do this week to raise more major gifts?

• What will we do next week to raise more major gifts?

7. IT Systems »

https://www.compasspoint.org/underdeveloped

8. Volunteer Engagement »

https://bloomerang.co/blog/category/volunteerism

How does your organization engage volunteers?

9. Board Engagement »

https://bloomerang.co/blog/infographic-the-2014-nonprofit-board-survey/

Do your board members actively fundraise for your organization?

• Yes (all) 4%• Yes (most) 26%• Yes (a few) 52%• No: 18%

https://bloomerang.co/blog/category/nonprofit-boards/

1. Proper board recruitment2. Proper board orientation3. Strategic discussion in every meeting4. Utilize former board members

4 Steps to Board Engagement »

10. Metrics »

• Dollars raised• New gifts• Donor engagement or commitment• Average gift size • Solicitations made• Success rate in solicitations• Meetings attended w/ prospects• Donor satisfaction• Return on investment (in past year)• Personalized gift proposals made

Can small and mid-sized nonprofits really raise

major gifts?

Can small and mid-sized nonprofits really raise

major gifts?

YES!

MasteringMajorGifts.com/Report

Executive Summary And Full Report »

Free Educational Resources »

https://bloomerang.co/resources

• Daily blog post• Weekly webinar• Downloadables• Nonprofit Wrap-Up• Bloomerang TV• Bloomies

Questions?Jay B. Love

jay.love@bloomerang.co@JayBarclayLove

top related