publication date: Dec 12, 2011
|
author/source: Kathryn McKechnie
Guy Mallabone is
recognized internationally as one of the most thoughtful and inspiring leaders
in the nonprofit sector. He has been
instrumental in raising approximately $500 million in the arts, social services
and higher education sectors in Canada. At the 2011
AFP Toronto Congress he shared the top ten lessons he's learned in
30 years of fundraising leadership.
Lesson one: know yourself
In fundraising there are many variables. The only constant
is
you. Therefore, it is important to
know your own style, personality, strengths and weaknesses.
Lesson two: passion
Your passion inspires donors and helps connect their money
to your mission.
Lesson three: opportunity
offerer
Fundraisers give people the opportunity to direct their
money to an amazing mission.
Lesson four:
Mallabone's fundraising law
People give their money to the things in their life that they're
closest to. Therefore, fundraisers must bring people physically and emotionally
closer to their organization.
Lesson five: making
the case
Why would anybody give money to support your cause? The most
important features of the case are:
-
How compelling
is it? You must bring the passion from
the mission forward.
-
How urgent
is it? If your case isn't urgent, people will set you aside.
Lesson 6: donor-centred
relationships
Donor-centred fundraising involves managing relationships
one-on-one, matching donor interests against your needs, and finding out what
motivates a donor.
Lesson 7: it's about
the money
We will not be judged on our ability to build relationships
with donors. Raising money is the focus of what fundraisers do. What are you
doing to raise money today?
Lesson 8: five moons
Aligning the five moons will help you to know when it is the
right time to ask for money and what you need to focus on to get to that point.
However, you should also listen to your gut because it will tell you when it is
the right time to make the ask.
-
Moon 1: amount
You'll never get it right! You'll always ask for too much or too little. Put a
specific number on the table, not a range, and then be quiet and wait for the
response.
-
Moon 2: timing
Has there been a liquidity event in the prospect's life? Is there any reason to
put a red flag on it?
-
Moon 3: project
The project must be one in which the prospect has an interest.
-
Moon 4: who's
asking Don't leave it to chance - script it! Who has influence? Who knows
about the case?
-
Moon 5: who's
being asked Who is present in the room when you make the ask? Is the
prospect alone or are they accompanied by someone else, such as their spouse?
Lesson 9: power of
the peer
Involving peer volunteers gives instant credibility to what
you're doing. Define specific roles for the volunteers to make it easier for
them to agree to participate.
Lesson 10: stay focused
It is not easy, but try to divide your time. Set metrics.
Hold yourself accountable.
Guy Mallabone is the
editor of Excellence in Fundraising in
Canada, the first comprehensive fundraising textbook written by Canadians
for Canadians. To order, visit http://bit.ly/oqkrsu.
Kathryn
McKechnie is
a Toronto-based fundraiser with over seven years of small shop fundraising
experience in Canada and the UK. Recently she started Kathryn McKechnie Consulting, focused on providing advice,
resources and hands-on fundraising services for emerging charities and small
shops. She sits on the Board of Directors
and is Chair of the Fundraising Committee for the Scarborough Women's Centre. Contact Kathryn by email or 647-459-4858.