How to Secure Year-End Gifts
Video Transcript
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Nonprofits, it's time to bring in those
year-end gifts. You're scanning your
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major donor list to see who you've
not heard from this year, right?
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Maybe you're fretting as the year comes to a
close. You have not reached your fundraising goal
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or a new ambitious goal your
team set earlier this year.
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As you look at your budget you know where
you stand these last few weeks of the year.
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It's time to get those outstanding contributions
in. There's urgency. You've worked hard to engage
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donors, let them know the impact of their
gifts, and dropped your year in mailing.
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But you still have not heard from some
of your most enthusiastic supporters.
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“What is up?” you're thinking.
Hi there. I'm Nancy Rieves,
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your fundraising coach.
Make sure you subscribe here to
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my weekly insights. That way you'll receive
lots of fundraising tips and strategies.
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Obviously, people are busy this time of year.
Therefore they need prompting. That is – you
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need to take action right now and over the next
few weeks, you need a plan. Most importantly you
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don't sit back and wait. That is the worst thing
to do. Pull your team together and get moving. Let
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me share with you what you need to do right now.
Number one, make a list. You want to identify
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your top 10 most reliable major donors who've not
made a contribution this year. These individuals
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have given in the past, volunteered in some
capacity, received your services at one time,
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or served on a committee, for example.
Heck, they may be board members.
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In other words, this list consists of those
who have been engaged with your organization.
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As a fundraiser, I remember looking over our list
of outstanding major donors one year as the year
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was coming to an end. It's a terrible and lonely
feeling to look over your donor list and see some
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of your most ardent supporters missing from this
list who are usually there. You know that feeling.
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I set out to make calls. I started with one of
our board members. Yes, a board member was missing
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from our major donor list who is usually on that
list. When I called the board member, I could
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not get a word out of my mouth before she said
“I have not forgotten. I have my checkbook out
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ready to write my annual contribution and put it
in the mail today. Thank you so much for reminding
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me.” She had every intention of making a gift
this year. She would have felt terrible if she
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had forgotten to make her yearly contribution.
She put her check in the mail that day.
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So number two after making a list of your
outstanding major contributors – is to call
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your loyal supporters. Your loyal
supporters want to hear from you.
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You're allowing them to make a difference.
In your call, number one start off by
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asking them about their family, new
grandbaby, a recent travel, a new job,
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retirement. You know these individuals well.
Specifically ask them how they are doing.
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Number two, thank them for their past support.
Be genuine when you thank them – not rudimentary.
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Number three – with a recent impact story let
them know the difference their gift is making.
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Then give them a chance to
comment. Engage in a conversation.
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Number four – when the time is right, ask them
for their support. Ask if they would consider
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a gift of the same amount as last year or more
for this year. Pause and allow them to respond.
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Number five – when they say yes, sincerely thank
them for their gift. Let them know how much you
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appreciate them and their support. Also let them
know you will watch for their check in the mail.
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And six (last) – immediately send a personal
handwritten thank-you note. Now you're ready
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to repeat what you did. Immediately identify
another 10 of outstanding major donors if
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you have that many . . . and make calls.
To wrap up — we are a philanthropic country.
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Most notably, donors are looking for solutions
and innovative ways to solve problems.
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They're looking for evidence of social
impact and non-profits doing good works
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that align with their values and interest.
Therefore, share with donors your solutions
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and allow them to support your efforts.
Your charge is to gently remind and encourage
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your most loyal supporters who you've not
heard from this year to step up and support
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your cause they so passionately believe in.
My goal as a fundraising coach is to make
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sure you are successful – you can secure
those outstanding year-end major gifts.
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Start by making a list and then making
those thank you and reminder calls.
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Remember to sign up for my weekly fundraising
tips and strategies by clicking here or going to
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FundraisingMaximize.com. Look for the bright green
button. Again that's FundraisingMaximize.com.
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I look forward to seeing
you next time. Bye for now.
Nancy Rieves, Ed.D. is a fundraising coach. She provides executive and development directors with a roadmap to maximize and sustain major gift fundraising. She prepares leaders to be confident and successful in raising money. Reach her at [email protected].
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