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Published byJoleen Davis Modified over 9 years ago
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Funding Success Strategies for Gaining Financial Support for Your Mission
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MISSION? Goals Outcomes Impact on others Can you capture your mission in a minute?
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The PROMISE! Coca-Cola Burger King Others?
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What Is Your Promise?
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Why People Give?
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Today’s Donors – What Do They Seek? Christian Stewardship Fulfillment Solid history of community service Clear, supportable CASE FOR SUPPORT Reflection of donors “heart”
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Persuasive presentation, solicitation by trusted, credible organization volunteers & staff Absence of pressure Invitation to become “partner” …to share, to join
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How People Give?
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Donor Pyramid
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Constituency Model
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The RIGHTS Right person Right Prospect Right $ amount Right purpose Right time Right way And … RIGHT REASONS TO MAKE THE ASK!
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The Giving Cycle
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Annual Giving Direct Mail Events
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Special Events Criteria Who is the audience? Could you reach the audience through a different strategy or means? What will attract them? What is the event’s purpose?
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Special Events? Purpose Possibilities Publicity “Visibility Quotient” Fundraising Cultivate or Reward Donors/Involve Volunteers
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Is the event unique and a “go to” event? Is the price OK for market? What type of event considering resources of volunteers & staff?
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Ladder of Effectiveness Personal: face to face Team of two One person Personal letter (on personal stationery) With telephone follow-up Without telephone follow-up Personal telephone With letter follow-up Without letter follow-up
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Gift Chart for a Giving Strategy Select a Round Figure for Annual or “Campaign” Goal The 1 st two gifts equal 10% of goal (5% each) For instance…for $60,000 campaign, the 1 st level is $6,000 or two $3,000 gifts
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Campaign Strategy Select a Round Figure for Annual or “Campaign” Goal The 1 st two gifts equal 10% of goal (5% each) For instance…for $60,000 campaign, the 1 st level is $6,000 or two $3,000 gifts
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$60,000 Campaign Gift Size# Gifts# ProspectsRange TotalCumulative $3,000 2 10 $6,000 $6,000 $1,500-2,999 4 20 $6,000$12,000 $750-1,449 12 48 $9,000$21,000 $500-749 18 72 $9,000$30,000 $250-499 24 72 $6,000$36,000 $100-249 120 360 $12,000$48,000 Under $100 400 800 $12,000$60,000
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Planned Gift A planned gift is legally provided for during the donor’s lifetime and transferred upon death or term to charity.
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Planned gifts Bequests via will or living trust Life insurance IRAs Charitable Gift Annuities Charitable Remainder Trusts And more
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Planned Gift Significance For the continuing “foundation” of your mission in the future Oftentimes the largest gift a donor will make Source of the gift may be non-liquid or reserved assets, such as property
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Forum
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Resources LCMS Foundation www.lcmsfoundation.org Association of Lutheran Development Executives www.alde.org Thrivent www.thrivent.com
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More Resources Books Funding Your Vision by Gerald H. Twombly Asking by Jerold Panas
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Christian Stewardship What Drives Us? God’s Love His Mission Our Response
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