"Some men see things as they are and
say why? I dream of things that never were, and say, 'Why
not?'" Robert F. Kennedy
There is hardly anyone in the nonprofit sector who doesn't
dream of the "big one" -- a huge check from a major donor
that just shows up in the organization's mailbox one day.
But major gifts don't typically just show up that
way.
While a big check could certainly arrive in your mailbox
tomorrow, it would most likely happen because you cultivated
a donor over the last year or so. With this in mind, let's
look at some ways to develop and support major donors, especially
at this holiday season when significant amounts of money
could arrive at your organization's door at any given time.
- Research the background
of the major donor prior to making the ask. For a simple
search you might try www.google.com.
For a more sophisticated search, try: www.anywho.com (great
for reverse phone numbers and search) or www.lambresearch.com (a
bunch of prospect info) or www.hoovers.com (look
up company information).
- Distribute the prospect list to your board members/volunteers to
see if they know any of the potential major donors.
- Go to lunch with someone who knows the prospect and
have him/her set up the appointment and make the introductions.
- Have a variety of projects to ask the
donor to support rather than just asking for money for
the overall agency.
- Closing the gift is the start of the
relationship. The goal is not to get the first gift, but
to continue the relationship. Develop a strategy to "wine
and dine" this person throughout the year.
- Recognition is a critical piece of
the strategy. Make sure the thank-you is prompt (within
48 hours) and often (let the donor hear from you at least
every two months).
- Establish contact throughout the year rather
than just when you need the money. It is critical that
the donor hears from you not just when you want money,
but when you want to update them on your programs or thank
them for a donation.
- Make it dramatic. Introduce the donor
to someone who has really been impacted by your organization.
Make it an emotional experience where the donor can sense
the passion of your work.
- Listen, Listen and Listen some more. Make
sure you listen to the donor so you know what they're interested
in supporting and what recognition (if any) they want from
their support. Tailor the "pitch" and thank-you to their
needs.
- The more difficult it is, the more luck you will
have. Raising dollars from wealthy people takes
time, perseverance, and a bit of luck. If you stay the
course and don't expect results the first and every time
you are at bat, you will succeed.
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