Tuesday, September 24, 2013

Really big gifts are transformational

I love being a major gift fundraiser.  I am convinced that it is the most effective and enjoyable form of fundraising.  So I was thrilled to come across a slew of blogs on major gift fundraising this week.

The great thing about major gifts from the perspective of a nonprofit is that they make major initiatives possible.  Terry Burton, blogs "Really big gifts can have a transformational effect on a nonprofit organization". Terry amongst other things is the author of a definitive text on Naming Rights. Naming Rights, you will know often go with transformational gifts. Reading his book is a good way to begin to plan how you will build a naming rights policy into your major gift strategy.

But back to the more recent blogs I mentioned. Fundraising consultant, David Landsdowne talks about Board Misperceptions and Other Issues Related to Major Gifts.  Among the misconceptions he deals with that old chestnut "We need to raise $100,000. Let's just find a hundred people who'll give $1,000 each."  He also reinforces the importance of stating a dollar amount when asking for a gift.  My favourite definition of asking for a gift comes from another fundraising consultant.  He says asking for a gift is simply putting a figure on the table.

The  blog Ten Reasons (Besides Money) That You Should Plan a Capital Campaign Now!  by fundraising consultants Gail Perry and Andrea Kihlstedt is worth a look as you think about your own potential to get stuck into major gift fundraising. This is the question they pose:

"Do you have big dreams for your organization but find yourself limited to taking tiny steps forward? Wouldn't you love to move forward boldly and make an even bigger—maybe even a huge—difference in the world? Are you ready to be inspired and excited by big thoughts and plans?"


The word 'transformational' was used in the title of the comprehensive research paper (download as .pdf) published by the Australian Centre for Philanthropy and Nonprofit Studies. The headline quote in the exec summary says: "Major gifts play a transformational role in terms of making a gift that is really significant and can often make a huge difference to the organisation". The study is worth you dipping into again to remind you that, "Many... see major gifts as the most ‘underpotentialised’ area of community support in Australia". Also that major gifts have "great unrealised potential as a funding model for community need".

Pro Bono News wrote a very good summary of the paper you could revisit: Major Giving Report in Australia - Donor & Fundraiser Perspectives.

Capital Appeals are their own reward  happens to be about the institution where I was first engaged as a major gift fundraiser. It celebrates the end of a successful capital campaign for a Centre for Carbon Innovation at Edinburgh University.  My first, much earlier role as a major gift fundraiser was the start of a campaign for a Centre for Inflammation Research for the same university.

Can you suggest any other good sources of inspiration and advice on major gifts?

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