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Unlocking the Poten.al for Major Gi5s Fundraising

Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

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Page 1: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

UnlockingthePoten.alfor

MajorGi5sFundraising

Page 2: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

YourPresenterJayB.Love•33YearsofTechnologyLeadership•Over20,000DatabaseInstalla.ons•FormerFounder&CEOofeTapestry•FormerCEOofMasterSo5ware/Fund-Master*FormerSeniorVPofBlackbaud•ConnerPrarieMuseumBoardMember•AFPEthicsCommiUeeChairman•UnitedMethodistFounda.on•Innova.onFundatButlerUniversity•Co-ChairofIndianapolisYMCACapitalCampaign

3

Page 3: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Cansmallandmid-sizednonprofitsreallyraise

majorgi5s?

Page 4: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

ThreeExpertsWantedAnAnswer»

Page 5: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

MasteringMajorGifts.com/Report

TheResult»

Page 6: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

LeadSponsors»

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StudyPar.cipants»

662nonprofitsw/opera.ng

budgetsof$10Morless

Page 8: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

StudyMethodology»

•  Literaturereview•  Interviews• Survey

Page 9: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

RespondentsByBudgetSize»

Page 10: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

RespondentsByCategory»

Page 11: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Findings

Page 12: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

MeanContribu.onByChannel»

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NumberOfFTEsDoingFundraising»

Page 14: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

“MajorGi5”Defined»

Mean:$24,555Median:$5,000Mode:$1,000

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NumberOfFundraisersEngagedToWorkOnMajorGi5s»

Mean MeanTotalFTEs

$5m-$10m 3.2 0.9

$1m-$4.9m 2.5 0.5

Under$1m 2.1 0.3

Page 16: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

NumberOfVolunteersEngagedToWorkOnMajorGi5s»

Page 17: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

MajorGi5FundraisingPerformance»

Page 18: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

MajorGi5Pipeline»

Page 19: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

• Focusingonfirst-.megi5snega.velyimpactsperformance

Page 20: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

• Focusingonfirst-.megi5snega.velyimpactsperformance

• Sugges.ons:• 5+yearsofgiving• 12-18touchestobuildrela.onship

Page 21: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»• Feworganiza.onstrackdriversoflong-termvaluesuchasdonorsa.sfac.onorcommitment

Page 22: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»• Feworganiza.onstrackdriversoflong-termvaluesuchasdonorsa.sfac.onorcommitment

• Sugges.ons:• newdonorsurveywithin3months• donorsurveya5er2-3years•  telephonesurveya5er3-5years•  “wouldyourecommendthischarity?”

Page 23: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

• Strongcorrela.onbetweentrainingandfundraisingperformance(eachaddi.onalformoftrainingisassociatedwitha$37kincreaseinrevenue)

Page 24: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

• Strongcorrela.onbetweentrainingandfundraisingperformance(eachaddi.onalformoftrainingisassociatedwitha$37kincreaseinrevenue)

• Sugges.on:– Findtrulygoodeduca.onsources…

Page 25: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

• ThequalityofITsystemsinplaceiskeytodrivingthenumberofmajorgi5sreceived

Page 26: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

• ThequalityofITsystemsinplaceiskeytodrivingthenumberofmajorgi5sreceived

• Sugges.ons:– Findasystemeveryonewillusedaily– TrackALLcommunica.ons– Measureengagementinsomemanner

Page 27: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

• Organiza.onswhoseboardsandvolunteersplayanac.verolearemoresuccessfulinmajorgi5fundraising

Page 28: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

• Organiza.onswhoseboardsandvolunteersplayanac.verolearemoresuccessfulinmajorgi5fundraising

• Sugges.ons:– Groomthemslowly– Allowthemtosee&feelsuccess

Page 29: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

•  Individualswithlongertenuretendtobemoresuccessfulinmajorgi5fundraising

Page 30: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Correla.ons»

•  Individualswithlongertenuretendtobemoresuccessfulinmajorgi5fundraising

• Sugges.ons:– SharethisreportwithCEO/Board– Findtherightposi.on(morelater)

Page 31: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

10Recommenda.ons

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1.DonorReten.on»

hUps://bloomerang.co/reten.on

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hUps://bloomerang.co/reten.on

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Acknowledgementsegmen.ng»

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2.ProspectResearch»

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5bestindicators»

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5bestindicators»

1. PreviousGivingToYourNonprofit

hUps://bloomerang.co/blog/5-indicators-for-iden.fying-the-best-poten.al-donors

Page 38: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

5bestindicators»

1. PreviousGivingToYourNonprofit

2. GivingtoOtherNonprofits

hUps://bloomerang.co/blog/5-indicators-for-iden.fying-the-best-poten.al-donors

Page 39: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

5bestindicators»

1. PreviousGivingToYourNonprofit

2. GivingtoOtherNonprofits3. Par.cipa.onasa

Founda.onTrustee

hUps://bloomerang.co/blog/5-indicators-for-iden.fying-the-best-poten.al-donors

Page 40: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

5bestindicators»

1. PreviousGivingToYourNonprofit

2. GivingtoOtherNonprofits3. Par.cipa.onasa

Founda.onTrustee4.  FederalPoli.calGiving

hUps://bloomerang.co/blog/5-indicators-for-iden.fying-the-best-poten.al-donors

Page 41: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

5bestindicators»

1. PreviousGivingToYourNonprofit

2. GivingtoOtherNonprofits3. Par.cipa.onasa

Founda.onTrustee4.  FederalPoli.calGiving5. RealEstateOwnership

hUps://bloomerang.co/blog/5-indicators-for-iden.fying-the-best-poten.al-donors

Page 42: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

3.Tenure»

Page 43: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

https://www.compasspoint.org/underdeveloped

Page 44: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

https://www.compasspoint.org/underdeveloped

Page 45: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

4.Training»

Development Activity Percent

Online training tools/webinars 56.4 Ad hoc or occasional training 54.5 Mentoring by a member of your organization’s team 25.3 Mentoring by an external consultant or fundraiser 22.4

https://bloomerang.co/resources/webinars

What has your experience been?

Page 46: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

5.Educa.on»

Page 47: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

6.Donor-CenteredCulture»

https://bloomerang.co/blog/5-ways-organizational-culture-impacts-fundraising

Page 48: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

https://www.compasspoint.org/underdeveloped

Page 49: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

DevelopmentalTeamMee.ngs»

• Whatdidwedothisweektoraisemoremajorgi5s?

• Whatwillwedonextweektoraisemoremajorgi5s?

•  Involveotherdepartments

Page 50: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

7.ITSystems»

Page 51: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

https://www.compasspoint.org/underdeveloped

Page 52: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

8.VolunteerEngagement»

https://bloomerang.co/blog/category/volunteerism

How does your organization engage volunteers?

Page 53: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

9.BoardEngagement»

https://bloomerang.co/blog/infographic-the-2014-nonprofit-board-survey/

Doyourboardmembersac.velyfundraiseforyourorganiza.on?• Yes(all)4%• Yes(most)26%• Yes(afew)52%• No:18%

https://bloomerang.co/blog/category/nonprofit-boards/

Page 54: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

1. Properboardrecruitment2. Properboardorienta.on3.  Strategicdiscussionineverymee.ng4. U.lizeformerboardmembers

4StepstoBoardEngagement»

Page 55: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

10.Metrics»

• Dollarsraised• Mee.ngsaUendedw/prospects• Newgi5dollars• Solicita.onsmade• Successrateinsolicita.ons• Donorsa.sfac.on• Personalizedgi5proposalsmade

Page 56: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Cansmallandmid-sizednonprofitsreallyraise

majorgi5s?

Page 57: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Cansmallandmid-sizednonprofitsreallyraise

majorgi5s?

YES!

Page 58: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

MasteringMajorGifts.com/Report

Execu.veSummaryAndFullReport»

Page 59: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

FreeeBook»

@StevenShaUuck

hUps://bloomerang.co/resources/downloadables/maximize-the-life.me-value-of-your-donor-database/

Page 60: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

FreeEduca.onalResources»

hUps://bloomerang.co/resources

• Dailyblogpost• Weeklywebinar• Downloadables• NonprofitWrap-Up• BloomerangTV• Bloomies

Page 61: Unlocking the Potential For Major Gifts Fundraising (VFRI 2016)

Ques.ons?JayB.Love

[email protected]@JayBarclayLove