Fundraising...
Melding the art
with the science if
giving
Fundraising is both an art
and a science. The art lies in fostering relationship with
people. The science focuses on the utilization of data, research
and testing. To raise the effectiveness of nonprofits, The
Complete Guide to Nonprofit Management, Second Edition, by
Smith, Bucklin & Associates, Inc., provides the following
checklist for fundraisers to consider:
-- Clearly identify your
mission and financial goals through a well-written Case for
Support. Construct criteria and specific reasons that people
and/or organization should give to
you.
-- Develop a realistic
list of prospects and an action plan to approach these sources
annually.
-- Research potential
funding sources and search for contacts to these
funders.
-- Remember that
individuals give most of the money in America. Focus your
attention on developing relationships with
people.
-- Identify and recruit
good board members. They should have the capacity to provide
wealth, wisdom, and work. They will be the foundation for all of
your fundraising endeavors.
-- Send personal thank you letters
immediately after all visits.
-- When a gift comes in,
send a thank you promptly.
-- Be prepared for your
visits. When meeting with prospects and donors, know your case,
know the prospect, listen for common interests, anticipate
objections and always ask for a specific gift
amount.
-- Believe in yourself
and in the value of your
organization.
-- Remember that your
best prospect is the one who contributed to you
last.