Five Reasons Your Non-Profit Didn’t Get a Major Gift Last Week
by Joe
Garecht
Sometimes,
non-profit fundraisers treat opening the organization’s mail like playing the lottery. We know it’s highly
unlikely that there’s a big check in one of those envelopes, yet we gleefully tear through the mail, hoping to
find a surprise donation, an early payment on a major pledge, or a new big sponsorship for our next
event.
When that
big check doesn’t materialize, well… there’s always tomorrow’s mail.
It’s
exciting, because rarely… very rarely… perhaps once every couple of years… we do find that unexpected big check.
But the excitement is short-lived, and after opening the mail, we return to sending out thank you notes,
answering e-mail, and planning next month’s silent auction.
Some
non-profits, though, do get major donations on a regular basis. There are organizations out there that
receive big (and expected) checks on a quarterly, monthly, or weekly basis. Here are 5 reasons why your
non-profit isn’t among them:
#1 – You
Don’t Have Enough Major Donor Prospects
Most
non-profits never have enough major donor prospects. The vast majority of organizations I have worked with have
one, two or three major donors on their “wish list,” people they have talked to once or twice, and who could
afford to give a major gift, but who aren’t ready for an ask. If you’ve only got two or three major donors in
your pipeline, you’re not going to get large checks with any regularity.
A strong
major donor program requires that you have a lot of major donor prospects. The best ways to find new major
donors are to
ask for referrals from current
donors,
build a fundraising network, and
hold
non-ask events to constantly
expand your network.
#2 – You
Don’t Have a Cultivation Funnel for Your Major Donor Prospects
If you
have lots of major donor prospects that you have talked to at least once, but still don’t get lots of major
gifts, then it is highly likely that you don’t have an
effective cultivation funnel for your
prospects.
A
cultivation funnel is a system for moving your prospects from first meeting to ask, through regular
communications, cultivation, and relationship-building. In order to be effective, your funnel must be
systematized and easy to use for your staff, board and volunteers.
#3 – You
Didn’t Ask
You would
be surprised how many non-profits have really good major donor cultivation programs but never get around to
actually
making asks of their
major donor prospects, instead figuring that people will give “when they are ready.”
This is a
huge mistake. Your non-profit must be moving major prospects towards an ask. The process between first
meeting and first ask needn’t take longer than 6 months. And the ask needs to be an actual, concrete ask.
Something like… “Mrs. Jones, would you be willing to make a $50,000 gift to our organization this month to help
us help more people?”
If you
don’t make asks, you won’t receive big checks.
#4 – You’re
Not Asking for Upgrades
The best
prospects for new major donations are your current major donors. Every non-profit should have a process in place
for not only asking major donors to renew (give again) year after year, but also to
upgrade each year by
increasing the size of their gift.
#5 – You’re
Not Picking Up the Phone
The best
way to build relationships with major donors – both current donors as well as major donor prospects – is to pick
up the phone, call them, and say hello. The conversations need not be long and drawn out… a simple, 5 minute
conversation can suffice. Major donors love personal attention, and by picking up the phone, fundraisers can
easily communicate with 5-10 major donors per hour.
When was
the last time you picked up the phone and called your major donor prospects, just to stay in touch? If you’re
not picking up the phone, you’re probably not getting major checks every week.
Photo
Credit: Tim
Samoff
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