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Showing posts with the label donations

STOP FUNDRAISING FOR YOUR FUNDRAISERS

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And start funding planning for your programs, your overhead, your growth. When I was the Executive Director of a small nonprofit, I can remember feeling like I spent all of my time either fundraising through special events or running the special events. We needed the event to add money to our bank account to keep us afloat until the next special event. Essentially, each event was paying for the overhead and event expenses. It was a vicious (and exhausting) cycle. I’ve been working on two basic things with my clients recently: Proving your value by showing the impact your organization has on its community Raising the funds you need to sustain and grow your nonprofit in a way that allows you to focus on your mission and your programs. By fundraising through events, nonprofits are rarely introducing people to their organization, their mission, their impact and importance. It’s the equivalent of a retail shop having a sale or hosting a pop-up. You may get a bunch of people excite...

Save Your Stamps: Create more appealing appeal letters

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When was the last time you got an appeal letter at home that included a self-addressed, stamped envelope...so you ran for your checkbook? I can’t remember either. It may have been enough to get you bonus donors back in our mothers’ day, but today the extra money spent on double the envelopes and double the postage is just an added expense to an already low-netting fundraiser. On average, fundraising appeal letters see a return of around 5%. That’s not a lot. To put it into perspective, here’s a little math I did for you. You’re welcome ;)      100 = number of letters you sent out          5 = the number of donations you receive If your ask in the letter was $100, then you may (or may not) have grossed $500 for that fundraiser. Total. And here’s likely what you spent on this “fundraiser”: 5-10 hours of your time creating, composing, collating, and mailing out – if you make $30/hour that’s $150 - $300 of your time $126 on posta...

The Value of In-Kind Contributions

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Everybody likes free stuff, right? Well...maybe. It depends on the stuff. If I were to give you the choice: a free new car or a free mud pie, which one would you choose? What if I never offered you the car, just the mud pie? Would that seem like an awesome gift to you? Maybe if you’re three. But as a nonprofit leader, what are you going to do with a mud pie? Ok, so all of that is me being silly and playing devil’s advocate, but how many of you have given consideration to the value of in-kind contributions offered to your organization? Not the stated monetary value of the item; the value of that item to YOU. When is a gift not a gift? In consideration of the in-kind contributions you’re being offered, ask yourself (or your board if you need additional input): Is the service or item you’re being offered of benefit to your organization? Is this something you would have sought out and paid for even if it hadn’t been offered? Is this something you know exactly what to do with, or will it ta...