Archive for the ‘Donor Cultivation’ Category

How Do You Treat Your Donor Prospects?

There are a variety of articles and resources relating to fundraising on Guidestar’s website. I try to read as many of them as I can.  Recently, I read an article titled, “It’s A Donor’s Ballgame”.  I thought it gave an interesting perspective, via a couple of stories, how we relate to donors. It profiles several situations involving large donors and how we may treat them.

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Questions About Fundraising Issues and Best Practices?

As a fundraising consultant, I am often asked questions regarding the financial development process.  Many of these questions can be answered by going to the Jeffrey Byrne & Associates, Inc.  website and clicking on News and Resources.  This displays a list of hundreds of free downloadable articles written by professional fundraising consultants over the last ten years on a multitude of fundraising topics.

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Donor communication – informal, planned, formal, unplanned – it’s all important. Just ask the Salvation Army

I don’t know about you, but I am the kind of fundraiser who likes to leave no stone unturned when it comes to communication, a trait I surely acquired from my father. As long as you are not becoming a distraction, I think staying in touch with your donors is vitally important. Occasionally there can even be an unforeseen, unplanned benefit result for your organization. Read the rest of this entry »

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New Year’s Resolution: Create A Plan to Execute Your Resolutions

As 2009 ends, many people contemplate resolutions for the New Year.  Often the list includes;  Exercise more, spend more time with family and friends, stop smoking, or lose that pesky 15 pounds.  Good intentions usher in the year.  But, sadly, much of the resolute is forgotten by the time the Super Bowl rolls around.  Part of the problem is that thinking about a change is one thing; creating a plan and allocating the time to execute the chanage is something entirely different.

At Jeffrey Byrne & Associates we firmly believe that development activities need to become integrated into the daily operations of an organization.  As nonprofits plan for the upcoming year—budget, staffing and facility needs—we urge them to also layout their yearly development calendar.  This plan needs to be a component of the organization’s overall strategy for success.

Development is about creating meaningful relationships.  It is about telling your story and demonstrating your organization’s deep commitment to its mission.  It is an opportunity to both brag about successes and communicate your vision for the future.

Start planning now. Take a calendar and mark off when your newsletters or email communications will go out to your key stakeholders—clients, friends, current contributors and potential donors.  Additionally, take note of all of your fundraising and/or donor cultivation events.  Now on a blank sheet of paper write down all of the other opportunities that might be helpful in developing new relationships.  Decide Who, What, Where, When, Why and How these opportunities will be actualized and schedule them Now.  The time is now. Before you know it will be the 4th of July.

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Rolling Over an IRA: A Terrific Year-end Opportunity

I recently returned from a visit with a client in New Hampshire where I was informed that a donor had recently made a second gift to the capital campaign for $50,000 and did so through an IRA Rollover. You may still have time to share this terrific opportunity with a select group of your prospects and generate a lovely gift for your organization.

As you may have heard, The Emergency Economic Stabilization Act of 2008 included a provision that extended the availability of the IRA Rollover through December 31, 2009. This inclusion, included in the Pension Protection Act of 2006, had previously expired at the end of  2007 but was extended by then President Bush.

 Here are the details

The IRA Rollover allows individuals who are at least 70-1/2 to make tax-free distributions of up to $100,000 from an IRA to their favorite charity, subject to the following qualifications:

  • The donor must be 70-1/2 or older at the time of distribution.
  • Limited to $100,000 per taxpayer, per year. A married couple can donate up to $200,000 provided each spouse owns at least one IRA and can make a qualified charitable distribution of $100,000 from their plans.
  • Gifts must be outright. The contributions cannot be used to fund gift annuities or charitable remainder trusts
  • Applies only to IRA’s, not other forms of retirement plans such as 401(k), 403(b), etc.
  • Gifts cannot be made to donor advised funds and supporting organizations, including most private foundations.
  • Gifts must be made directly from the IRA to the charity.

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