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The CFO of a social service nonprofit wrote to make the point that restricted gifts are not an effective vehicle. “My rule of thumb,” she said, “is that adding restrictions to gifts is like adding a 7% tax since we have to spend a significant amount of time managing those restrictions.” “What do you think?” she asked. My short answer: Restricted gifts clearly are a two-edged sword. Read More
You want to get philanthropically involved in a health-related cause. Where to start? Here are some questions to ask yourself. Read More
We took your question about lapsed donors – How did you let it happen? – to heart. Hopefully, our story will help others. Read More
I can’t tell you how many times I have heard that request, and I am always happy to oblige. Unfortunately, it’s sometimes a painful experience. Read More
Charitable giving may be something that you grew up with, a value passed down by your parents or a practice encouraged by your religion or culture. Philanthropy also may be something that you have come to believe is important over the years, especially if you are fortunate enough to have amassed “enough” for your and your family’s needs and even more so if you had help along the way. Read More
Donor retention is an essential part of the cycle of giving, and warrants focused attention. Here are three ways to sustain donor interest and commitment to your cause. Read More
This February 23 headline from Philanthropy Today – “Male Donors Respond Best to Pitches that Stress Self-Interest” – attracted some attention. The byline was equally provocative: “Attention fundraisers: Stop trying to pull on men’s heartstrings.” I basically think that they got it wrong, for three reasons. Read More
I tend to think about giving rather broadly. It includes gifts to family, friends and … Read More
I applaud your desire to be more strategic, but I hope that you also feel … Read More
To start, I would suggest you check out a general overview called “How to Seal the Deal” that we offered in a previous newsletter. Here, I’ll talk about some of the common problems you can run into.
The syllogism is true: “Good decisions come from wisdom, wisdom comes from experience, and experience comes from bad decisions.” I’ve experienced my share of gift agreement mistakes, as a donor and a fundraiser. Read More