Of the $335 Billion dollars given last year in America, around ten cents (10) of each dollar given by check or wire transfer was written by a Foundation. The Wall Street Journal had an interesting article on Monday 14 April, 2014. The Article titled “Family Foundations Adopt New Mantra: Let’s Spend It All” by Veronica Dagher. A narrative about Family Foundations in America. 24% of those family foundations intend to give all of their assets away during the lifetime of the existing directors.
How do you know when the donor isn’t ready? If you’ve been involved in development work for long, you’ve probably had a situation where you made the “ask” of a donor before they’re weren’t ready. How so? A couple of differing ways, probably – either they were offended, said “no”, or gave a significantly smaller amount than you hoped for. No worries, we have all been there a time or two.
Maybe a better question is – how can you know (for next time)? The relationship between a donor, the development staff person or volunteer assigned to the donor, and the institution in need of support is a tricky one. There are guidelines of when a donor is ultimately “ready” for solicitation, but no hard, fast rules. Every donor, every organization, and every campaign is different.
In my 33rd year of helping Christian organizations with their annual, capital and endowment funding needs, my conviction only deepens that it’s all about donor relationships. In our stewardship experience with over 1,500 clients here is what I have learned about those relationships….in three’s.
