A Fresh Look at Fundraising


generosity networkSo…how much did you ask? How did the visit go? This is a common question that fundraisers are asked after they meet prospects.

In a new book, “The generosity network: New transformational tools for successful fundraising,” authors Jennifer McCrea and Jeffrey Walker take a fresh look at fundraising. The authors show that “creating a sense of meaning and personal fulfillment is at the heart of great fundraising.”

They oppose fundraising as a transaction-based relationship where the fundraiser meets the donor solely to secure a financial gift. The book argues that “fundraising is a vehicle for transformation- personal, organizational, social, even global.”

Narrating her early experience as a fundraiser in New York, Jennifer says every ask that she made focusing solely on securing a financial gift yielded a negative response.  She soon realized that fundraising was not just about the numbers. Instead, it is a “shared commitment as two people sit down and have a deep conversation about their lives.” Giving is emotional, personal, makes people happy and is social.

The authors oppose fact-based appeals used commonly in fundraising. They argue that  fundraisers should focus on why people want “meaning in their lives” and  not dwell on data-driven case statements. “Another slide show won’t work and the most important aspect of fundraising is to create human connections.”

They are also against canned elevator pitches, a tactic  commonly used by non-profits. Instead, they encourage non-profits to focus on authentic storytelling. “Do not inundate your audiences with data, instead tell them stories.”

The book urges non-profits to stop selling ideas to people and encourages them to  give donors “opportunities to connect with causes.” It offers several nuggets, including one where the authors ask fundraisers to consider donors as their peers, irrespective of their social or financial standing. Treat them as peers and move from the “salesmanship model to enabling people to contribute to a dream.”

Authentic storytelling gets reinforced throughout the book and it has abundant tips on how to make the ask. At the heart of every ask is a “powerful story of the self, the power of us and now.” A good read.

Role of prospect research in corporate giving


Prospect research is critical in securing corporate & foundation gifts. In every gift I’ve helped secure, I cannot underestimate the effort I’ve invested in  understanding the “giving pulse” of a corporate or foundation entity. Here are some useful takeaways from discussions among prospect researchers and corporate & foundation staff at a recent CASE conference:

  1. Ask intelligent questions. From where did my peer institutions get funding?
  2. What personal connections do we have with the corporation or foundation?
  3. Zero in on who else got what?
  4. Network with peers at similar organizations.
  5. Study the vendor list thoroughly.
  6. Analyze prospects based on institutional priorities, prospect fit and grant amount.
  7. Do not spend too much time on prospect research. If it’s a good fit you will be able to find that out in an hour.
  8. Inform faculty or others seeking funds quickly if your research yields less prospect for funding.
  9. Check giving averages carefully. The mean is tricky, so focus on the typical grant that was given to an organization that was like yours.
  10. Always ask: What problem are you trying to solve? What opportunities are you going to seize?
  11. Do not talk money first, instead focus on the problem and find a solution.