Raising funds to support the philanthropic mission of any non-profit organization can be a time consuming chore often fraught with trial and error.
While splashy one-off fundraisers (otherwise known as 'episodic funding') can generate a large chunk of charitable change they can also consume much needed resources for months on end. At the other end of the spectrum, 'ongoing' fundraising tactics, while easier to execute, oftentimes don't generate the required financial rewards.
To succeed in fundraising, your non-profit must diversify its efforts to strike a balance between episodic and ongoing fundraising activities that ensures multiple streams of income for the medium and long term. This means having a long term plan.
Consider these five tips and tactics for optimizing your non-profit's fundraising activities:
1. Tell Your Story - Create a Case Statement
Much like a business elevator pitch (only longer), a case statement is a brief one or two page document that clearly informs potential donors about who you are and how their donations to your cause can make a positive difference. It is the story of your cause, and the part played by your donors to support that cause.
Your case statement is a useful tool for focusing your message and objective, particularly when communicating with new donors - especially those who have a history of philanthropy and know what they are looking for in terms of a compelling and emotional cause. It can also be plugged into campaign messaging and in-person solicitation efforts.
According to *Enterpreneur.com, your case statement should address why you are in business, what outcomes you anticipate, how your organization is different, how you intend to achieve your goals, and what major accomplishments your non-profit has achieved. It should also include the history, philosophy and financing basis of the organization.
2. Target Your Marketing - Start with your Network and an Understanding of its Motivation
Some very basic marketing planning can help you zoom in on the right donors and avoid a shot gun approach to your fundraising efforts.
Start by building a picture of your current personal network - your sphere of influence. This will likely include early volunteers or board members. Next, determine what it is about your cause (the motivator) that appeals to them and to their demographic. Using this profile data, develop a strategy for reaching other potential donors outside this early 'inner circle'.
The tactics you employ should be repeatable and reusable as your sphere of donors grows. Be sure to assess the success of your approach and re-visit your strategy frequently to ensure you are on track with your goals.
3. Write a Fundraising Campaign Plan
Assuming you have written a business plan for your non-profit, drill down one step further to develop a fundraising campaign plan for the year ahead. This is an invaluable exercise in ensuring your tactics are aligned with your goals as well as your available resources.
Be mindful of your target market as you write your plan - your best bet for securing funds from donors is to restrict your episodic fundraising activities to two to three campaigns per year. More than that and you risk alienating your supporters with too many contribution requests.
Don't forget to plan out your strategy for ongoing initiatives too - this will include everything from cause marketing activities to grant solicitations to maintaining newsletters, attending and exhibiting at events, and other brand-building activities.
(Read my earlier post - Tips for Finding the Right Blend of Funds for your Non-Profit - to get a picture of the role played by episodic funds and ongoing funds in your non-profit business plan).
4. Understand the Role of Social Media
From Facebook and Twitter to blogging, it's hard to ignore the potential of social media as a low cost tool to support the fundraising and outreach activities of non-profits. But take time to understand how it can fit with your goals and the time investment. And, develop a plan for implementation before you start any online dialog with your potential donors.
Read these three articles to get tips on your non-profit social media strategy:
- *Raise Money on Facebook: Four Strategies You Need to Know About (*Nonprofit Technology Network)
- *Twitter for Nonprofits: Ideas for using Twitter in Your Fundraising & Nonprofit Communications (*The Fundraising Coach)
- *Should your Non-Profit Launch a Blog? (*www.nancyschwartz.com)
5. Leverage the Resources of Other Non-Profits
Lastly, there are many resources to help non-profits achieve their fundraising and philanthropic goals, not least of which are those provided by other non-profits and government organizations (even those traditionally associated with for-profits such as the Small Business Administration and *SCORE).
*Idealist.org, for example, lets you register your non-profit and provides access to non-profit resources and information. You can even create your own Web page, seek volunteers and interns, advertise on the events page, network in forums, and more. They also offer in-person non-profit career fairs and other events to help organizations network and grow.
Traditional small business support groups such as SCORE are also a great resource to help non-profits start and grow. Find SCORE and other free in-person assistance for your non-profit here.
Other resources that can help you in your fund-raising efforts, from sourcing funds to writing grant proposals, include the following:
- Business.gov's Non-Profit Organization Start-up Guide - This site collects links to programs and services to help non-profits find opportunities available to them from the federal government including grants and financial assistance, tax information, government sales and surplus, and more.
- *The Center for Non-Profit Success - Here you'll find training and resources to help non-profits succeed.
- *Foundation Center - This is a non-profit that connects non-profits and grant makers. It also provides resources and advice for starting and managing a non-profit.
- *Writing a Grant Proposal - From Summary to Budget
- USA.gov for Non-Profits - This site is the online version of what many companies offering CFDA assistance services use to advise their clients. It is available for FREE to all who wish to reference it. It has specific information for non-profits divided into 3 sections: grants/loans, management/operations, and tax information.
- *About.com Non-profit Portal - Covering everything from starting up, fundraising, and managing volunteers to marketing your non-profit, About.com's Non-Profit Guide is an invaluable and resource-rich Web portal.
- *Non-profit Guides - This site provides free Web-based grant-writing tools for non-profit organizations, charitable and educational organizations, public organizations, and other community-minded groups.
*Note: Hyperlink directs reader to non-government Web site.