Are you effectively thanking and engaging your donors? I often encounter well-intentioned nonprofits that are hurting their acknowledgment efforts through common mistakes: 1. Slow response. You risk losing donors—and donations—by waiting too long to send thanks. Some say that 48 hours is the ideal turnaround time, but if that’s not realistic for your organization, aim… Read more »
Posts Categorized: Donors
Wealth advisors on your board? Help them help you.
After two recent conversations with wealth advisors, who were also nonprofit board members and were wrestling with whether they should discuss their own philanthropic priorities with their clients, I began to give this topic some thought. These individuals understood that, as board members, they were expected to be connectors, but they were trying to balance… Read more »
Emerging Trend: The Case for Growth Capital
At The Giving Institute’s November board meeting, Rodney Christopher of the F.B. Heron Foundation and Richard Shaw of Youth Villages delivered a thought-provoking presentation on an emerging trend in philanthropy called growth capital. The basic premise the speakers suggested is that healthy organizations can achieve greater success through investments of growth capital. Foundations seeking measurable,… Read more »
“Donor-Centered Fundraising” Defined
AFP of Hampton Roads recently hosted a seminar featuring industry expert Penelope Burke on “Donor-Centered Fundraising,” which is also the title of a study published by her research firm Cyngus Applied Research, Inc. Burke opened her presentation with three attributes donors define as most important when making a gift to a nonprofit. 1. Receiving prompt, meaningful acknowledgment… Read more »
What Makes you Stay? Preventing the Revolving Door in Nonprofits
For years, the state of the economy was one of the only things on which nonprofits and donors could focus. As nonprofits begin to feel more confident with the future of philanthropy, they are addressing issues that were pushed to the backburner during the economic downturn. Nonprofits are being forced to take a hard look at… Read more »
Connecting with Millennials: How Nonprofits Can Build Relationships with Tomorrow’s Leaders
The most recent AFP eWire featured three short, but informative, articles on tapping into the power of Millennials. Nonprofits know this influential generational group is more “connected” than any of its predecessors. But, how can the estimated 92 million members of the Millennial generation (born between 1980 and 2001) be motivated to effectively rally behind a… Read more »
Tips from Foundation Leaders to Nonprofits: Notes from the 2013 Funders Forum
Last Thursday, we attended the VOLUNTEER Hampton Roads 2013 Funders Forum. Our president, Keith Curtis, served as moderator for the panel discussion comprised of five regional foundation leaders: Bert Davis of Capital One’s Community Relations; Katie Fletcher of the Norfolk Southern Foundation; Chris Perry of the Perry Family Foundation; Leigh Davis of the Hampton Roads Community… Read more »
Highlights from “Donor and Board Member Engagement” Webinar Hosted by Bloomerang
Bloomerang, a company specializing in donor databases, hosted a webinar recently titled “Everything You Need to Know about Donor and Board Member Engagement.” We are cautious of programs that boast these superlatives—”Everything”, really? But we knew the hosts were authorities in their field and signed up to participate. While Jay Love, CEO of Bloomerang, and Bryan… Read more »
Higher Donor Retention Rate Translates to Higher Charitable Receipts
“Are higher retention rates associated with higher totals in charitable giving?” This is the question that the Nonprofit Research Collaborative sought to answer in their most recent survey focused on donor retention rates. More than 770 organizations across every subsector participated in the study. Interestingly, the results are almost exactly the same as the NCR’s… Read more »
Corporate Giving: Strategies for Securing Support
Last week Lauren and I attended the AFP-Hampton Roads luncheon presentation titled, “Building Strategic Relationships with Corporations and Foundations.” Amy Nisenson, Executive Director of the Mary Morton Parsons Foundation, and Victor Branch, SVP/Market Manager for Richmond & Hampton Roads, Global Corporate Responsibility Office for Bank of America, were the two presenters. They began their discussion… Read more »
