What's Fractional Fundraising? The Game-Changer for Small Nonprofits with Nina Horvath
Small Nonprofit: Fundraising Tips, Leadership Strategies, and Community-Centric Solutions
Heard of fractional fundraising but not quite sure if it's a good idea? Fractional fundraising is transforming how small nonprofits tackle resource challenges and in this episode of Small Nonprofit, Maria chats with Nina Horvath, Executive Director of the Coastal Jazz and Blues Society, about how her organization leveraged this innovative model to revitalize fundraising strategies and grow donor engagement.
Nina shares her journey from classical pianist to nonprofit leader and offers valuable insights into the challenges of fundraising in the arts sector. Together, they discuss the benefits of fractional fundraising, its impact on her organization's individual giving revenue, and tips for other nonprofit leaders considering this model.
What's Fractional Fundraising? – The Highlights:
- Nina’s career journey from classical music to nonprofit leadership.
- How COVID reshaped nonprofit funding strategies and donor engagement.
- What's fractional fundraising? And why it’s a game-changer for small nonprofits.
- Balancing in-house and fractional fundraisers to maximize results.
- The pros, cons, and unexpected benefits of fractional fundraising.
- Insights into donor engagement and community-centric fundraising for arts nonprofits.
- How Coastal Jazz doubled its individual giving revenue in one year.
Tune in for a thoughtful exploration of how innovative fundraising models are making an impact in the nonprofit sector!
🎧 Listen to more episodes for actionable fundraising tips and insights on nonprofit leadership, nonprofit governance, donor retention, productivity & tools, and donor engagement strategies that work! We're here to eliminate nonprofit burnout and boost your donations!
About Nina Horvath:
Nina is the Executive Director of the Coastal Jazz and Blues Society, a community-based, not-for-profit, charitable arts organization located in Vancouver, British Columbia. From the very beginning, Coastal has worked diligently to ensure jazz remains an integral part of our city’s vibrant arts scene by fostering the creation and exchange of sounds and ideas between the local, national, and international music communities. Today, Coastal Jazz is also a significant part of Vancouver and BC’s economic engine and tourism industry, attracting well over one hundred thousand people to the annual jazz festival and generating over $20 million in economic activity.
Actionable Tips for Nonprofit Fundraising:
- Consider Outsourced Supports: If you’re a small to mid-sized nonprofit struggling to find a full-time development director, fractional fundraising could give you access to senior-level expertise without breaking the bank.
- Set Realistic Expectations: Don’t expect to raise a million dollars overnight. Success in fundraising is about building momentum and balancing both short-term wins and long-term goals.
- Leverage the Expertise of a Fractional Fundraiser: Fractional fundraisers work with multiple organizations, which allows them to offer fresh insights and best practices from across the nonprofit sector.
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