How to Ask for Money - Whetting Their Appetite

  1. Repeat the name of your organization often.
  2. Say your name, the name of your group and your position: "Hello, my name is Rich Male, Executive Director of the Community Training Project."
  3. Describe your group's activities and its effectiveness (maximum of five sentences): "The Community Resource Center provides training and technical consulting services to nonprofit groups in the areas of leadership development, empowerment, board development, and financial self-sufficiency. CRC works with neighborhood groups, rural organizations, churches, minority constituencies, seniors, and organizations for the disabled.
  4. Describe your budget: "It costs $500,000 to operate the Community Resource Center for one year."
  5. Describe your Fund Raising Strategy: "The Community Resource Center receives 70% of its funding budget from workshop and training fees, consultant contracts from our constituencies, and earned income projects. We receive 30% of our funds from state and federal sources."

Asking for Money - the Pitch

  • Always ask for a specific amount of money.
  • If the donation is tax-deductible , say so.
  • Always ask for money for a specific part of your program.
  • Ask for the dollar amount again.
  • Try to break down your request into little terms: "Your $100 contribution will enable us to mail our 300 newsletters."
  • Smile - stop talking . Wait for a response. Answer questions briefly. Explain why you need the money NOW. Repeat steps 1-5 until they say Yes.

Role Play

Pick a friend or colleague to play a potential funder. Role-play steps 1-7 and actually ask for money for a real project in your group. Switch off. You may even exchange money during this role-play. Allow five minutes for each person.

 

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