If
you work at any one thing long enough, you get to experience both success and
failure. Hopefully, you learn what works and what doesn’t work. If you are a
slow learner like me, it may take you years to figure it all out, but once you
do – you gain a great deal of confidence in how to tackle your work.
I’ve
worked in prospect development for 27 years. Long before it was even called
prospect development. I’ve worked at six
non-profits which includes three universities, two hospitals and one cause
specific organization. I think I’ve learned a thing or two about development
and fundraising as a whole. That
includes the people who fill the various roles in the fundraising effort.
My
life experiences mean something. At
least I hope they do. There are times
when my head becomes so full of ideas and thoughts about fundraising that I
feel like I’m going to explode.
There’s
a scene in the original Rocky, where Mickey (Burgess Meredith) goes to Rocky’s
apartment to ask him if he can be Rocky’s manager. He says “I have all this knowledge up here
(pointing to his head) and I want to give it you.”
That’s
how I feel sometimes; maybe even a lot of the time. I want my fundraisers to
benefit from my having had a front row seat in the development arena for all
these years. I want the organization I
work for to be successful and also benefit from my years of experience.
I’m
at that point in my life where I know what I know.
I’m
certain I understand what it takes to be an effective fundraiser and what it
takes for an organization to achieve its fundraising goals. I can spend a short amount of time with a
fundraiser and know if they “get it” or if they’re just going through the
motions. I’m confident that if I’m
working with the right group of fundraisers, we can achieve a very high level
of success.
Let
me explain.
First
of all, fundraising is hard work. It’s
extremely hard work. It’s challenging
and it can wear you down if you let it.
That’s because the effort you have to put forward has to be monumental
in scale. Some people never understand
that and fail to embrace it. They start
to look for short cuts and an easier way or worse – they shy away from it all
together.
Now,
I’m all for finding an easier way – but what that usually means to me is
finding a more strategic way of doing things.
Even then – the work is still going to be hard and the effort is still
going to be on a monumental scale.
Again,
you can’t escape that.
Fundraisers
are going to have to make a lot of calls just to get appointments and they’re
going to have to do a lot of qualification work just to find those individuals
whose passion and ability to give align with the mission of their
organizations.
This
is where prospect development can help. It’s
all about the story; the story behind the donor and the story tied to their
giving. This is what we know how to do.
It’s the core of what we do. We are the
dot connectors. We’re the one who can
make sense of a large database and help a fundraiser focus on the right
people.
What
we can’t do is provide you with a magical list of names that are sure to give
and give significantly. No one can do
that. No one.
However,
we can make the process easier, but it’s still not going to be “easy.” We can help you be more strategic, but you
still have to put in a great deal of effort.
It’s still going to be hard and somewhat overwhelming, but we know how
to give you a pathway to success.
I
keep emphasizing how hard the work is. I
do that because I don’t ever want you to underestimate that.
Every
donor is unique. Every donor’s story is
special. Our job (and when I say “our”
job, I mean yours and mine) is to uncover each donor’s story. That takes time. That takes effort. That takes an approach that’s authentic and
unique to each and every donor.
More
times than not – we aren’t going to learn the story and in those cases – our
chances for success will be slim. That’s
okay. We’ll move on from that and on to
the next story.
Sound
overwhelming?
Well,
it is. But when we find that special
donor – whose story and whose passion aligns with our organization’s mission,
it’s going to be magical. It may even be
transformational.
The
goal for prospect development has always been to find the people in our
databased (and in rare occasions outside of it) who’s passion, interests and desire
to give match the mission of our organizations and the projects and programs
that sustain it. That group can’t be
identified by the assets they hold. They
can’t be identified by the titles they have and they can’t even necessarily be
identified by the gifts they’ve given to other organizations.
Those
things can be factors, but it’s not the best way to segment your database. Some fundraisers have a hard time accepting
that.
We’re
not necessarily looking for the wealthy.
I think way too many fundraisers think that major gift bar is higher
than it really is. I believe every donor
should be given the opportunity to be a major donor. And those donors come in all shapes and
sizes, but at their core they have “something” in common.
We
are looking for a very specific individual who has not only has the ability to
give, but also has an affinity for what we are doing. They’re likely to be very similar to others
in our database who are already giving major gifts, but not necessarily similar
in the way you might think.
Their
titles are irrelevant. Their hard asset
data is even irrelevant.
They
have very specific attributes that aren’t on their resumes or in their LinkedIn
profile. And most importantly, those
attributes are specific to our organizations.
Our donors (yours and mine) have a certain DNA and the more people we
can find with a similar DNA, the more likely we are to find success in our
fundraising.
And
then there’s the timing of it all. So many
variables have to come together in order for us to achieve our fundraising
goals. There is definitely a process
behind it all. I say that knowing that a
great many fundraisers don’t necessarily like process.
Prospect
Development can help with that. We can
do a lot of things. In fact, we can do
so much more if you just trust us enough to let us.
Have
I piqued your interest?
I’ll
end this post here. The “how” of all of
this is for another day. The take-away
from this post is all about how difficult fundraising is and how important it
is to have a process and a strategy in place to make things a little bit
easier. There’s a science to it all and
we’ll jump into that next time.