Proven Ways to Successfully Fundraise. This section will be routinely updated with new ideas and information.
- Thanks to Taxpayers’ Alliance work, senior staff leaving public sector roles will soon have payouts capped at £95,000. The Treasury announced that it is implementing the cap on public sector 'exit payments'. This is a huge victory for the TPA - and it is, of course, good news for taxpayers.
- Croatian Taxpayers Alliance Lipa has launched a new project - The Black Book of Public Spending, which documents examples of wasteful spending and raises awareness of citizens and taxpayers about their rights.
- From: Staffan Wennberg, Chairman of WTA One thought I would like to leave with you is that direct marketing to be successful is almost more mathematics than creativity. Keeping track, analyzing the results on different files. So when working with a consultant on this or hiring someone – rather get the careful, mathematically-oriented person than the brilliantly creative one!
- Ben Case has had a long series of tips on “How to build a major gift culture.” The last of six well-developed points is The Power of Asking. The biggest reason people do not donate is because they are not asked!
- “Five Key Traits of a Great Major Gifts Officer…” Arroyo Fundraising’s…Kathie Kramer Ryan… 1. Passionate about their organization’s mission 2. Genuinely curious about other people 3. Self-driven and self-disciplined 4. Appropriately persistent 5. Results oriented
- by Ann C. Fitzgerald and DAVID MCLAUGHLIN The first step in successful fundraising is identifying prospects. When it comes to grantmaking foundations, nonprofits tend to have an overabundance of prospects, but a dearth of strategic steps. In order to create the best strategies to solicit foundations, begin with a strong research plan.
David & Amanda Horowitz…
Crowdfunding is a popular way for entrepreneurs to raise money for projects and companies. It can be a way to make dreams come true, start a new business or raise money for a cause.
•How it works – during an online crowdfunding campaign, money is contributed by a number of individuals or investors in order to support the financing of a project or company. There are different types of crowdfunding – this will only mention reward-based and investment-based. In reward-based, supporters get a reward in exchange for their contributions. Rewards vary and can range from a thank-you tweet to a pre-ordered product. In investment-based, accredited investors who fund a business have a potential for financial return or ownership stake in the company. Since crowdfunding is new, the laws governing it are still taking shape.
•Websites – new crowdfunding websites are launching every day. Among the different platforms are Kickstarter (www.kickstarter.com) where creative projects raise reward-based funding; Indiegogo (www.indiegogo.com) where entrepreneurial, cause related and creative projects raise reward-based funds; Crowdfunder (www.crowdfunder.com), which connects entrepreneurs and investors for investment crowdfunding; and Crowdrise (www.crowdrise.com), where you can raise money for a cause. Before joining a site, make sure you know what you’re signing up for.
•Before you launch – launching a successful crowdfunding campaign takes a lot of preparation. Consult and retain legal counsel before launching in order to know your legal duties and make sure you are complying with them. Make sure you are aware of possible federal and state tax consequences. When describing your product or business, make sure that your disclosures are accurate, clear, and truthful and that your offers are explicitly detailed. Most important, make sure you are able to deliver on your promises. Failure to put forth sufficient effort could result in liability.
•Be aware of fraud – there are concerns that fraudulent behavior will increase as crowdfunding gains mainstream momentum. Legitimate crowdfunding sites have safeguards in place to protect users from fraud.
Tips for Success in Asking for the Major Gift
Gonser Gerber Tinker Stuhr
•Assume success – be positive.
•Visualize prior to the ask how you will make the ask and practice possible answers for objections before the call.
•Be sure the setting is right with the right people asking for the gift.
•Be enthusiastic – if you don’t believe in your cause, why should anyone else?
•Ask questions – the more the prospect talks, the more you learn.
•Be an effective listener – learn what “moves” them, connect their need to give to the opportunity you are presenting.
•Be persistent in a cheerful way.
•Let your sincerity show.
•Don’t treat “no” as really “no.” “No” often means the prospect needs more information, time to deliberate, or is interested in another project. “No” is often a “yes” deferred.
Fundraising can be a daunting task, but if you keep these timeless principles in mind, it will make it much more manageable. It’s also a well put together PowerPoint presentation for your reference.Power Point – Fundraising – WTC Berlin – 16 March_Lanigan
· A Vision United – research proves that 78% of people give to a compelling vision. Vision unites an organization.
· Collect information – information about your donors plays a major role in success with your donor database. It needs to be part of the expected climate in your office to collect information about your donors. Start with basic information and continue adding to the database as you learn more about their hobbies, children, interests and passions.
· Contact Major Donors – make contact with any donor who has given $1,000 or more to your organization in the past three years. Building relationships with these people will help you find donors that can support your organization at a greater level.
· Online Tools – sometimes we just don’t have enough time to see every possible donor. We need a tool to prioritize our cultivation efforts. A tool that scans databases could be a catalyst for moving your major gift program forward.