Why is No One Talking about Donor Value Attrition?
The truth can hurt.
3 min read
Richard Perry and Jeff Schreifels : October 21, 2016
Major Gift work is not easy.
Yet when I read the headlines of our industry magazines and web sites, everyone seems to have either an easy way to do major gifts, or some kind of major gift fundraising “hack” where you don’t have to work too hard to get great results.
Perhaps it’s just a reflection on our culture. I get e-mails every day promising something that can be done in 5 simple steps, or they have 3 easy answers to life’s most pressing problems.
Today I want to talk directly to CEOs, Executive Directors and board members because your team needs you to understand that it takes time, the proper resources and incredible ongoing support from you – more than you probably think – to make a major gift program successful.
In all the years I’ve worked either with major donors directly or counseled and managed those who do, I’ve found that there is no shortcut to being successful in major gifts.
I know that’s not a sexy thing to say, nor does it get people to click on my headline to read this. The fact is that life is hard in general, so we’re all looking to make it easier, right? But if you are truly honest about the work your major gift team is doing with major donors, you know that it’s a tough job. Deep down you know that doing it right isn’t about taking shortcuts or bypassing a necessary step to building relationships, so you can get a gift quicker.
Or do you know that? I hear from too many leaders who think that major gifts work is really just about asking wealthy people for money. They don’t understand that building relationships takes time, effort and more time.
Richard and I believe that being a major gift officer is the hardest fundraising job in the industry. It’s incredibly hard. You have to develop relationships not only with donors, but also with every one of your colleagues to help you inspire and solicit donors with your organization’s great projects. You have to be the “life of the party” and be the person who spends time recording information in your database. You have to be both intellectually smart AND emotionally smart. You have to be tough, yet flexible. You have to show the ability to be agile, yet be disciplined and focused. You have to deal with some really tough donors AND a CEO or board that sometimes “just doesn’t get it.”
I hope I didn’t just describe you.
Perhaps this is one reason why MGOs either don’t continue in the profession, or they look for a new job every 2.3 years, seeking another position at another non-profit because maybe, just maybe, it’s a little easier or less demanding.
As a non-profit leader here’s what you need to understand about what makes a successful major gift program, and what you can do to support it:
Your leadership is needed to make major gifts successful. There is no easy way to do it. Your understanding and support is critical to making this all work. When they get that support from you, you will get results.
Jeff
I have some great practical advice for you. We do a ton of planning at Veritus Group. Right now, we’re working with over 150 major gift officers, so...
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