Articles with Tag ‘funds’

Ideas For Taking Your Fundraising To The Next Level

Wednesday, July 20th, 2011



You’ve done your homework.  You know your pitch.  You believe in your mission, and understand the reasons donors give your organization.  Even so, you may feel that your fundraising has plateaued… that you’re stuck in a rut or missing out on key giving opportunities.  Many times, you may simply feel a sense of malaise – that no matter how much you try, you aren’t leveling up.

Today, we offer you ten great ideas for powering back on, and taking your fundraising game to a whole new level:

1.  Turn off the Computer and Pick up the Phone

The next time you are getting ready to send out an e-mail, I want you to stop – turn off the computer – and pick up the phone.  Instead of e-mailing that donor, prospect, board member or community leader, pick up the phone and call.  It’s far more personal and has lasting positive effects on the relationship.

2.  Join a New Networking Organization

Running out of new people to talk with about your organization?  Join a new networking group.  It could be a local chamber of commerce, the Kiwanis club, your college alumni association, a business group… whatever it is, join and start going to meetings to connect with more people.

3.  Jump on Social Networks with Renewed Vigor

You may have started that Twitter account, LinkedIn Group or Facebook company page with the best of intentions, but as time went on, your interest may have waned, you got discouraged, or simply stopped participating.  Now is the time to reengage! 

4.  Visualize Your Donor Efforts

Follow these tips to visualize your major donor fundraising efforts.  It will help you see where your donors and prospects are in your overall process.

5. Listen to Your Staff and Volunteers

When was the last time you asked for – and listened to – new fundraising ideas from your staff and volunteers?  Get them into the room and ask them for ideas: What should we try?  Who should we talk to?  What can I do to help you?

6.  Take Your 5 Smallest Donors Out to Lunch

Everyone takes their biggest donors out to networking lunches – and you should too – but have you thought about taking your 5 smallest donors out to lunch?  You know, those old ladies who give $50 a year to your annual appeal or those young professionals right out of college who give $25 because they saw an ad for your organization online?  Call ‘em up, take ‘em out to lunch, and see what motivates them to give.  Maybe they could give more?  Maybe they have friends who would want to give?  Maybe they will just be shocked that you called… It was only $25 after all!

7.  Take 5 Peers Out to Lunch

Yes, another great lunch-related tip.  This time, find 5 peers you respect, folks who work in similar jobs to you, but who aren’t competitors (is there such a thing as a non-profit competitor?  You’d say no in public, but privately, you’d say yes!) and ask them if you can buy them lunch to hear about how they raise money, how they find new prospects, etc.  End result = new ideas and a new contact.

8.  Launch One New Initiative

Step outside the box and take a couple of days to launch a new fundraising initiative.  Do lots of direct mail but never tried asking through email?  Give it a shot!  Don’t have a planned giving program?  Get one started!  Talked about doing prospecting mail, but never pulled the trigger?  Now is the time to do it!

9.  Spend the Day in the Field

Nothing is more invigorating, or leads to more insights, then spending a day away from fundraising working in the field with your program staff.  If you are fundraising for a school, spend a day helping tutor kids for one of the teachers.  If you are working with a homeless shelter, spend a day serving meals and cleaning up after.  Get reconnected with the mission, and get reenergized.

10.  Cold Call (But Don’t Cold Ask)

Seriously… It’s like a splash of cold water in your face.  Shocking, confusing, a little scary, but oddly refreshing.  Make a list of 5-10 people you wish you knew.  Find their phone numbers (or the main switchboards at their companies) and call them.  Introduce yourself.  Ask them out to breakfast.  Don’t make an ask over the phone.  Don’t try to sign them up for your walk or get them to commit to a tour.  Just try to get them to meet you to hear more.  You may get one that says yes.  You may not… Either way, you’ll refine your pitch, think of new ways to present your organization, and feel really, really confident when you go back to calling warm contacts.

Important Fundraising Tax Tips

Monday, December 6th, 2010

 

It’s a seemingly simple transaction – you purchase a great FastTrack Fundraising product for $5, you sell it for $10, and you keep the $5 profit for your fundraiser. Sure, the math part is easy, but how does the government look at it? Fundraisers have their own set of tax rules and it’s critical to have a basic understanding of what’s going on. Here are some simple standard guidelines to go by:

Track the numbers: This goes without saying for individuals, but it’s even more critical for organizations. Keep tight records on total contributions, grants, and gifts received.

Know who’s giving: Large contributors (individuals whose total contributions during the most recent four years are greater than or equal to two percent of the organization’s total contributions over that same period) should receive specific emphasis. Take note of every person or group that contributes to your organization, even the small ones – you never know who will turn into a large contributor!

Record your expenses: Promotion, administration, fundraising products – it’s all money well spent, but the IRS needs to know HOW you’ve spent that money. Keep those receipts and keep them sorted out into proper categories.

Stay up to date: Tax laws are a changing beast, and it’s good to have at least one expert on staff that can stay familiar with how and why things change from year to year. Like the Boy Scouts say, be prepared.

As with all tax-related legal issues, fundraising tax laws are constantly evolving over time. In some cases, organizations may have to face industry-specific rules (e.g. non-profit hospitals and their charity rule requirement). The best bet? Educate yourself on the basics of fundraising tax law, then consult a CPA to prepare your financials.