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Raising Money…The Smart Way
Tip 1: Identify and analyze your competition. Then…
- Sharpen your story. Separate your organization from the pack.
- Dramatize your special strengths and accomplishments.
- Be specific about actions and outcomes.
Tip 2: Strive for perfection.
- Thank donors within 48 hours.
- Update donor records immediately.
- Regularly check the internet and newspapers for career promotions, charitable donations, board memberships, and obituaries.
- Don't settle for letter/newsletter relationships. Ensure personal contact with major donors and prospects a minimum of twice a year - calls, events, private meetings, tours, briefings.
- Don't settle for reworking last year's letters and proposals.
- Proofread.
Getting Trustees To Do What You Know They Really Want To Do
Tip 1: Get them to attend meetings.
- Send materials well in advance.
- Have a program participant or staff member present at every meeting.
- Call everyone two or three days in advance to confirm attendance. Email a reminder the day of the meeting.
Tip 2: Build a working team.
- Pair new board members with enthusiastic, productive veterans.
- Put every trustee to work on a committee or task force that can use their particular skills, expertise, and interests. Assign issues and tasks that are challenging and vital.
- Define milestones and work products. Set high standards of performance.
- Never stop saying thank you individually, and publicly recognizing the team's work.
False and True
False and True 1:
- False: Having formal "give and get" expectations of board members is a turnoff for prospective members.
- True: Only for those who would not do anything. Your best board prospects want to know what is expected in order to make commitments they can and will keep.
False and True 2:
- False: Individual fundraising is primarily quid pro quo. "You give to my cause; I'll give to yours."
- True: It is true that social and business-related giving sustains events and year-end board appeals. But even gifts-of-obligation can be turned into long-term, higher-level support. Your cause will personally touch some reciprocal donors. Reach out. Invite. Educate. See who responds.
Visit the Washburn Partners website regularly for more tips and myths.
Send us your questions. We just might have a hot tip that will help.
Send us your tips, too. info@washburnpartners.com We will pass them along.
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