Discover key insights from "10 Epic Fundraising Fails – Part 2". Unpacking the most common mistakes in nonprofit fundraising. Practical advice on how to avoid common pitfalls in fundraising, ensuring your nonprofit can engage donors effectively and secure essential funding. Host Julia Patrick and fundraising expert Jack Alotto discuss donor presentations, the importance of making the ask, mastering donor stewardship, maintaining ethical standards, and developing a personal fundraising philosophy.
Failure to Tailor Presentations to Donors: Jack emphasizes the importance of customizing fundraising pitches to align with the interests and motivations of potential donors. He shares a personal anecdote where he mistakenly offered to name a building after a major donor who preferred anonymity, highlighting the need for understanding donor preferences to effectively engage and secure support.
Failure to Ask: A significant challenge in fundraising is the reluctance or fear of asking for donations. Jack stresses that donors are not mind readers; fundraisers must make explicit asks. He argued that asking for a donation should be viewed not just as a transaction but as an invitation to the donor to join in the organization’s mission.
Failure in Stewardship: After securing a donation, the relationship management (stewardship) that follows is crucial. Jack criticizes the common error of neglecting this phase, which should involve thanking donors and showing the impact of their contributions. Effective stewardship reinforces the donor's decision to support the cause and sets the stage for future contributions.
Failure to Understand the Importance of Ethical Fundraising: Ethics in fundraising was highlighted as critical. Jack points out how fundraisers often handle sensitive information about donors. Maintaining a high ethical standard, respecting donor privacy, and being transparent about the organization's goals and challenges are essential to build trust.
Failure to Develop a Personal Theory of Fundraising: Finally, Jack discusses the importance of fundraisers developing a personal approach to their work, informed by their own values and experiences. This personal theory should guide their actions and interactions with donors, ensuring that their fundraising practice is not just a job but a reflection of their commitment to making a positive impact.
Watch on Video!
Follow us on the Twitter: @Nonprofit_Show
Send us your ideas for Show Guests or Topics: HelpDesk@AmericanNonprofitAcademy.com
Visit us on the web:The Nonprofit Show
Discover key insights from "10 Epic Fundraising Fails – Part 2". Unpacking the most common mistakes in nonprofit fundraising. Practical advice on how to avoid common pitfalls in fundraising, ensuring your nonprofit can engage donors effectively and secure essential funding. Host Julia Patrick and fundraising expert Jack Alotto discuss donor presentations, the importance of making the ask, mastering donor stewardship, maintaining ethical standards, and developing a personal fundraising philosophy.
Failure to Tailor Presentations to Donors: Jack emphasizes the importance of customizing fundraising pitches to align with the interests and motivations of potential donors. He shares a personal anecdote where he mistakenly offered to name a building after a major donor who preferred anonymity, highlighting the need for understanding donor preferences to effectively engage and secure support.
Failure to Ask: A significant challenge in fundraising is the reluctance or fear of asking for donations. Jack stresses that donors are not mind readers; fundraisers must make explicit asks. He argued that asking for a donation should be viewed not just as a transaction but as an invitation to the donor to join in the organization’s mission.
Failure in Stewardship: After securing a donation, the relationship management (stewardship) that follows is crucial. Jack criticizes the common error of neglecting this phase, which should involve thanking donors and showing the impact of their contributions. Effective stewardship reinforces the donor's decision to support the cause and sets the stage for future contributions.
Failure to Understand the Importance of Ethical Fundraising: Ethics in fundraising was highlighted as critical. Jack points out how fundraisers often handle sensitive information about donors. Maintaining a high ethical standard, respecting donor privacy, and being transparent about the organization's goals and challenges are essential to build trust.
Failure to Develop a Personal Theory of Fundraising: Finally, Jack discusses the importance of fundraisers developing a personal approach to their work, informed by their own values and experiences. This personal theory should guide their actions and interactions with donors, ensuring that their fundraising practice is not just a job but a reflection of their commitment to making a positive impact.
Watch on Video!
Follow us on the Twitter: @Nonprofit_Show
Send us your ideas for Show Guests or Topics: HelpDesk@AmericanNonprofitAcademy.com
Visit us on the web:The Nonprofit Show