Winning Gifts: Make Your Donors Feel Like Winners

Overview

Winning Gifts Make Your Donors Feel Like Winners

Raising money to accomplish your mission is at the very heart ofa nonprofit organization's goals. While asking for gifts is part ofthe staff and volunteers' job, shouldn't you do everything possibleto make sure your donor also comes out feeling like a winner? InWinning Gifts: Make Your Donors Feel Like Winners, longtimefundraiser Tom Wilson uses a win-win approach to help bothrecipients and ...

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Overview

Winning Gifts Make Your Donors Feel Like Winners

Raising money to accomplish your mission is at the very heart ofa nonprofit organization's goals. While asking for gifts is part ofthe staff and volunteers' job, shouldn't you do everything possibleto make sure your donor also comes out feeling like a winner? InWinning Gifts: Make Your Donors Feel Like Winners, longtimefundraiser Tom Wilson uses a win-win approach to help bothrecipients and benefactors feel great about their gifts.

What motivates donors to give, large and small, to the charityof their choice? Donating to an organization goes far beyond thefiscal incentives of a taxdeduction; gift giving is a rewarding,feel-good experience. When we give to a cause, we give back to ourcommunities and ourselves. And those fortunate enough to developcareers in philanthropic causes have already learned that thesecret to successful fundraising is securing gifts that the donorenjoys making.

Taking a people-centered approach, Winning Gifts taps into theart and science of gift giving. Based on Wilson's own experience asa leader in a well-known national nonprofit consultingcompany—Tom, who has closed hundreds of millions of dollars ofgifts during his philanthropic career—provides this valuablestep-by-step guide for philanthropic fundraisers, nonprofitmanagers, board members, and volunteers with the tools needed tonot only secure the gift, but more importantly, make the donor feellike a winner in the process.

Taking a nontraditional marketing approach to fundraising,Winning Gifts walks nonprofits through the steps of securingwinning gifts by exploring:

  • Background on donor motivations and values for giving
  • People-centered fundraising
  • Corporate motivations for giving
  • The Six I's of Philanthropic Fundraising
  • The Seven Faces of Philanthropy
  • Making your case memorable and "sticky"
  • How to use ethical influence in your fundraising
  • The role of executive director
  • Fundraisers, program managers, and volunteers' roles in thewin-win ask
  • Factors that stop people from asking for the order
  • Direct ways these concepts can be applied in a variety offundraising settings

Winning Gifts features numerous real-world examples of nonprofitorganizations of various types and sizes, taken from the author'spersonal experiences, that bring concepts to life. Sample lists ofquestions to ask as well as sample tabulations from studyinterviews give readers concrete examples to work from. Inaddition, each chapter includes three tips to put to immediate use.Plus, Tom's listening skills chapter alone will help you meet andexceed your fundraising goals for years to come.

Essential for any nonprofit professional or volunteer, WinningGifts will challenge and inspire you to succeed at the greatest jobin the world—enabling donors to find fulfillment throughouttheir philanthropic investments.

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Product Details

  • ISBN-13: 9780470128343
  • Publisher: Wiley
  • Publication date: 1/9/2008
  • Series: AFP Fund Development Series
  • Edition number: 1
  • Pages: 336
  • Product dimensions: 6.44 (w) x 9.00 (h) x 1.17 (d)

Meet the Author

Thomas D. Wilson is the Vice President and WesternRegional Manager for Campbell & Company, a national consultingfirm offering nonprofit organizations counsel in advancementplanning, fundraising, marketing communications, and executivesearch. Tom's career in fundraising spans more than a quartercentury and includes building successful campaigns from inception,reinvigorating stalled initiatives, and board and stafftraining.

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Table of Contents

Preface xv

Acknowledgment xvii

About the Author xix

PART 1 A WINNING GIFT FOR YOUR DONOR 1

Winning versus Losing 2

How do You Know if It’s a Winning Gift? 4

Why Philanthropic Fundraising? 5

Inspire Giving 5

The Six I’s of Philanthropic Fundraising 6

Six I’s: Step #1—Identify, Qualify, and Research8

Six I’s: Step #2—Introduce, Interact, and Connect12

Six I’s: Step #3—Interests and Needs (Listen) 13

Six I’s: Step #4—Inform and Deepen Understanding13

Six I’s: Step #5—Involve, Acknowledge, and Engage14

Six I’s: Step #6—Invest, Recognize, Steward 15

Read On 15

CHAPTER 1 People Centered Fundraising 17

Start with Peoples’ Needs 18

How Does Your Organization Benefit the Community? 19

A Public Library 20

A Graduate University 23

Take a Marketing Approach 23

Sales 24

Marketing 25

Importance of Strategic Planning 28

Drucker Self-Assessment Tool 29

How to Be People Centered 31

Individuals 32

In Planned Estate Gift Fundraising 35

Foundations 36

Corporations 37

Communications and Learning Styles 39

Involve Volunteers in Your Fundraising 42

Staff-Driven Fundraising? 45

How to Help Your Organization Become People Centered 46

Apply What You’ve Learned 48

CHAPTER 2 Donor Values 51

Giving U.S.A. —Sources and Trends in Giving 54

Individuals 56

Sheehy’s New Passages 57

Implications of Americans Living Longer on Estate-GiftFundraising 59

Andrew Carnegie—The Gospel of Wealth 61

Bill Gates 62

Warren Buffett 63

Sandy Weill 64

The Seven Faces of Philanthropy 65

Insights on the Faces 65

Do Tax Incentives Drive Philanthropy? 67

The Millionaire Next Door 68

Women in Philanthropy 72

Millionaire Women Next Door 75

Analytical Donors 76

Family-Advised Funds 77

Leaving a Legacy 77

Foundation Values 78

Community Foundations 80

Corporate Motivations for Giving 81

Why Is All of This Important? 83

Apply What You’ve Learned 84

CHAPTER 3 Listen 87

Become a Deep Listener 88

What Others Advise on Listening 91

Share Yourself 97

Collective Listening 98

Listening to Create a Major Gifts Club 99

Written Surveys 100

Participative Focus Groups 103

Board and Strategic Planning Retreats 109

Listening to a Specific Donor 109

Discovery Calls 110

Requesting the Interview 111

Thank-You Visits 112

Philanthropic Market Research Studies 114

Listening Tools 114

Supplemental Interviews by Staff 116

What Is Different with Corporations and Foundations? 116

Listening to Corporations 116

Listening to Foundations 118

Readiness Interviews after the Study 119

Listening during the Ask 120

Listen for Gifting Noises 121

When You’re Invited to Listen 122

Apply What You’ve Learned 123

PART II SEEK WINNING GIFTS FOR YOUR ORGANIZATION 127

Gladwell—The Tipping Point 129

The Law of the Few 129

Champions 130

Connectors 131

Salespeople 132

The Stickiness Factor 133

The Power of Context 134

Implications for Philanthropic Fundraising 135

Cialdini—Ethical Influence 136

#1 Reciprocation—Be the First to Give 137

#2 Scarcity—Unique Features, Exclusive Information 138

#3 Authority—Show Knowing, Admit Weakness First 138

#4 Commitments—From Public Positions (Small and Build)139

#5 Liking—Make Friends to Influence People 140

#6 Consensus—Unleash People Power by Showing

Responses of Others 140

Summary 141

CHAPTER 4 Make Your Case 143

Make Your Case Memorable 144

The Annual Fund Case 148

The Case for Building Campaigns 150

Building Budget Planning for Fundraising 153

The Case for Endowment 157

How Endowment Works 159

Endowment Examples 162

What to Do for Financially Fragile

Organizations 166

The Role of Planned Estate Gifts for Endowment Cases 172

The Case for Comprehensive Campaigns 173

Case Statement Formats 174

Presentation Guide 176

The Process of Case Refinement 178

Share Internally 178

Audition Externally 181

Processing the Complex Case 184

Importance of the One-on-One Interview 186

Lock in Your Case 187

Make a Movie 187

Make it Stick 188

Ways to Achieve Top-of-Mind Understanding of Your Case 190

Resurrecting Good Memories 191

Creating Memories 192

Importance of Mementos 193

Newsletters, Letters, and E-mail Communications 193

Mass and Target Marketing 194

Do You Always Need to Make Your Case? 197

Apply What You’ve Learned 200

CHAPTER 5 The Win-Win Ask 203

The Ideal Ask Team 205

Prepare for the Ask 210

The Written Proposal 212

How Much Should We Ask For? 213

Recruiting and Preparing the Ask Team 216

The Pregnant Pause 219

Final Preparation Steps 220

Make the Ask 221

Asking Tools 221

Popping the Question 225

The Role of Challenge Gifts 226

The Triple Ask 228

What’s Different about Corporate Requests? 229

How Do Foundation Requests Work? 231

If You Get an ‘‘I Need to Think AboutIt’’ 232

If You Get a ‘‘No’’ 233

If You Get a ‘‘Yes’’ 234

Thank the Donor 236

Detect and Conquer Asking Obstacles 236

#1 Don’t Understand the Impact of the Gift 237

#2 Outrageous Goal 238

#3 Lack of Information 239

#4 Focus Diffusion 241

#5 No Transaction 242

#6 Can’t Say the Number 243

#7 One Leg at a Time 244

#8 Don’t Want to Ask My Friends 244

#9 Can’t Ask My Family 246

#10 Telephobia 247

#11 Image Rejection 248

#12 Overpreparation 249

#13 Disorganized 250

#14 Afraid to Talk about Death 251

Personalize These Obstacles 252

Summarizing the Win-Win Ask 253

Apply What You’ve Learned 253

CHAPTER 6 After Winning the Gift 255

A Thank-You System 256

Involve Your Asking Team 257

Others Can Participate in the Fun of Thanking Donors 258

Thresholds of The Thank-You System 260

Tier One—All Annual Gifts of $5,000 or More and AllCapital Gifts of $25,000 or More 260

Tier Two—All Annual Gifts of $1,000 or More and AllCapital Gifts of $10,000 or More 261

Tier Three—All Annual Gifts Up to $1,000 and All CapitalGifts Up to $10,000 262

Gifts of Stock and Other Appreciated Assets 264

Recognition Opportunities 266

Power of Gift Clubs 267

Value of the Donor Wall 268

Commemorative Naming Opportunities 269

Recognition Events 274

Planned Estate Gifts 275

Kaizen 277

Stewardship 277

Reports 279

Events 281

Personal Stewardship 282

Director of Stewardship Movement 283

Others Are Starting to Hold You Accountable 283

Good Stewardship Is Good for Fundraising 285

Apply What You’ve Learned 287

Coda—The Summary Review 289

Postlude 293

Appendixes 295

A—Definition of Steps in The Six I’s ofPhilanthropic Fundraising 297

B—Written Survey Form 299

C—Donor Bill of Rights 303

D—AFP Code of Ethics for Professional PhilanthropicFundraisers 305

E—Gentle Letter of Intent 307

Index 309

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  • Anonymous

    Posted July 9, 2008

    A reviewer

    Winning Gifts is a great book on major gifts fundraising. Wilson incorporates humor and his personal experience to create an excellent guide to successful fundraising. Winning Gifts covers all stages of securing a donation from finding potential qualified donors to keeping up with the donor after receiving the gift. He explains text-book basics of fundraising, of gracefully approaching a donor for a major gift and making an appealing, memorable case. But Wilson goes beyond this institutional approach to a customer focused approach and nails it. Wilson has obviously perfected the art of building a relationship with donors, and his emphasis on 'people centered fundraising' shows that he really cares about making people happy. He writes of satisfying the donor first, straying away from institutional fundraising to really care and understand the donor. He hammers in the concept of listening to donors with a comprehensive lesson in becoming a better listener with helpful tips and exercises. I especially enjoyed this section and my listening ability has dramatically improved from this book. It is rare to see fundraising professionals focusing so much on what the donor wants, without the underlying financial incentive. This book offers a unique perspective on the subject, focusing on the donor first, everything else is secondary. Winning Gifts is informative and enjoyable, a must have for any fundraising professional.

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