In the past three years, we have hosted our two-day fundraising crash course ten times. Over 150 fundraisers from different backgrounds and nationalities have participated. Some were new to the job, some had years of experience. Some work for small organizations, some for the largest NGOs in the world. Great experiences, anecdotes, and dilemmas have been shared during those courses. From those, I present you the top five fundraising lessons from over 150 colleagues:
1. Be Realistic
Do you recognize the following target? “Raise X million additionally”. Almost all fundraisers we work with have had this request. Wouldn’t it be great if fundraising was that easy? It sounds great and ambitious, but such a target is not quite realistic. Fundraising takes a lot of energy, investment and time to pay off. But the good thing is, it does pay off. Setting realistic targets and timelines helps a lot with this, and it also helps to manage expectations. You need to set milestones for the in-between steps, so you can see if you are on track to realize your goals. For example, meeting ten donors will result in submitting three proposals, which results in one grant proposal approved. By doing so, you actually measure your performance and can adjust your action. It also helps you to plan better and know in advance what efforts and resources are needed to be successful.
Most organizations have the “luxury” of having many fundraising opportunities. Diving into the hundreds of thousands of foundations worldwide will definitely result in a lot of matches. The problem is often not a lack of opportunity, but a lack of focus. You need to choose where to put your energy and resources. What opportunities seem to be the best shots? Where are the quick wins? What relationships might you already have with prospective donors? Answering those questions help you to focus, to prioritize and to increase your chances of success.
Fundraising requires structure. Before you start approaching donors, it needs to be clear who is going to do what, when and what the result of that step is. By measuring your performance, you can adjust your actions and become more efficient and successful. Building a relationship with a donor takes time and dedication. But there will be other tasks in your organization or opportunities with other donors that easily absorb your attention as well. By working in a structured way, you make sure you do not lose opportunities.
4. Integrate fundraising in the core business.
Many fundraisers feel isolated from the rest of the organization. The results will become so much better if the fundraisers work closely together with program, finance officers and other colleagues in the field and at head office. This is more easily said than done, but it is possible! A first step could be to organize a working lunch with your non-fundraising colleagues, explaining what you do, and why their engagement is so important.
5. Celebrate success!
Fundraising is so much fun. Of course, when you receive the good news that your application is approved. But also, when smaller steps are made, it is a rewarding profession. New relations that are established, donors that give positive feedback or the great team effort to develop a proposal are all reasons to celebrate. Don’t forget to celebrate!
Upcoming Institutional Fundraising Crash Course
Would you like to learn more and exchange with other fundraisers about your work? We organize a fresh Institutional Fundraising Crash Course on November 15 and 16, 2018 in Gouda, for a special tenth edition price!. Find out more here.