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Fundraising the SMART Way : Predictable, Consistent Income Growth for Your Charity.
Title:
Fundraising the SMART Way : Predictable, Consistent Income Growth for Your Charity.
Author:
Bristol, Ellen.
ISBN:
9781118640333
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (274 pages)
Series:
The AFP/Wiley Fund Development Series
Contents:
Fundraising the SMART Way™: Predictable, Consistent Income Growth for Your Charity -- Contents -- Preface -- Acknowledgments -- Introduction: Why We Need a Fundraising Revolution -- Fundraising the SMART Way™ -- How It Works -- Results from the Leaky Bucket Study -- Statistics from the Leaky Bucket Assessment -- The Four Laws of Performance Management -- Target: Consistent, Predictable Income Growth -- Effective Fundraising as Competitive Advantage -- Adopting the SMART Way Model -- Part One: Which Funders Are "Right" for You? -- Chapter 1: The Context for Fund Development -- What Should It Cost to Achieve Your Mission? -- Increase the Income, Don't Cut the Budget -- Analyzing the True Cost of Your Mission -- Your Opportunity Risk Factor: The Real Value of Your Time -- What Makes Your Best Funders "Best"? -- Characteristics of Your Favorite Funders -- Your Unique Value Proposition: The Value in Value-Added -- SWOT Analysis with a Twist -- The Twist: Strengths the Competition Can't Touch -- What We Covered -- What You Can Do -- Chapter 2: Funder Selection Strategies -- Why Your Best Funders Support You -- Discovering Value-Sought -- What Happens after the Interviews -- The Exchange of Value -- Applying the Exchange of Value -- What We Covered -- What You Can Do -- Chapter 3: Building Your SMART Way Prospect Scorecard -- Nine Scorecard Principles -- Principle 1: Many Minds Make Light Work -- Principle 2: Analyze Past Successful Relationships First -- Principle 3: Seek Answers, Not Questions -- Principle 4: Choose a Few Vital Indicators -- Principle 5: Create Once, Use Often -- Principle 6: One Benchmark for All Solicitors -- Principle 7: All Statements Required -- Principle 8: Pay Attention to Rank and Score -- Principle 9: When to Scorecard, When Not to Bother -- Crafting Scorecard Statements -- Value Statements -- Danger Signs.

Scoring the Prospect -- The Prospect Scale -- Scorecard as Management Control -- What We Covered -- What You Can Do -- Chapter 4: The Scorecard as a Management Control Device -- Using the Scorecard to Manage the Fundraising Process -- Validating the Scorecard -- The Scorecard Sanity Check -- The Suggested Probing Questions -- Three Simple Questions that Establish Donor Trust -- Reframing Your Agency's Value -- Developing Your Questions -- Question 1: The Success Question, to Elicit the Donor's Positive Motivators -- Question 2: The "Avoid" Question, to Elicit the Donor's Negative Motivators -- Question 3: The "Right-Charity" Question, to Elicit Donor Expectations about Service and Recognition -- Field-Test the Scorecard -- Fine-Tuning Your Scorecards -- The Control Part -- What We Covered -- What You Can Do -- Part Two: Defining the Fund Development Process -- Chapter 5: The Fund Development Pipeline -- Pipeline Basics -- The SMART Way Pipeline Revolution -- Process Management for Nonprofits: A Primer -- Moves Management versus the SMART Way -- Eliminate Process Boundaries or Add Them? -- Boundaries in Fundraising? -- Activities Are Not Results -- The Donor Moves -- Move Zero -- Development Drivers -- Do I Know What's Expected of Me? -- What We Covered -- What You Can Do -- Chapter 6: Setting Performance Targets -- Everything You Ever Wanted to Know about Continuous Improvement -- Leading Indicators -- Trailing Indicators -- Assigning Targets -- Assigning Donor Moves Targets -- The Vital Few Indicators -- The Art of Measurement -- Good Targets, Bad Targets -- Move Zero Targets -- Age Diversity -- Who's Right for Move Zero? -- Pick the Low-Hanging Fruit -- Performance Targets and the SMART Way Scorecard -- Reviewing Performance -- Less Is More When It Comes to the Pipeline -- Targets for Development Drivers -- Choosing the Drivers Worth Tracking.

What We Covered -- What You Can Do -- Part Three: Implementing Fundraising the SMART Way -- Chapter 7: Reporting and Leading for Better Results -- Leadership 101 -- First, There is a Mountain . . . -- "Vertical" versus "Horizontal" Reporting -- Good Reporting and the Emotionally Neutral Zone -- SMART Way Reports -- Enlightened Leadership Practices -- Managing the Review Meeting -- Where to Start -- Reviewing Performance the Right Way -- Tracking Donor Move Targets -- Misunderstanding Donor Moves -- Adding More Targets -- Reading the Story the Numbers Tell You -- What We Covered -- What You Can Do -- Chapter 8: The Breakthrough: Continuous Improvement -- The Plan-Do-Check-Act Cycle -- Root-Cause Analysis Done Right -- Another Leaky Bucket Insight -- Input Categories and Subcategories -- Category 1: Fundraising Skills and Behaviors -- Category 2: Operational Considerations -- Category 3: External Market Conditions -- The Value of Resistance -- Reporting "Up" -- What We Covered -- What You Can Do -- Chapter 9: Applying SMART Way Methods to Mass-Market Fundraising -- Selling to Major Accounts versus Transactional Selling -- The Majors versus the Minors -- Growing Your Own Ideal Donors -- To Find Donors, Stop Looking -- Inbound Marketing -- Reciprocal and Interdependent -- Doing the Work -- The "Go-to-Market" Strategy -- Mass-Market and Target-Market Fundraising -- SMART Way Management Controls -- Embracing the Next Generation(s) -- What We Covered -- What You Can Do -- Chapter 10: Radical Thinking about the Fundraising Revolution -- Fundraising and the Russian Revolution -- Overthrowing the Status Quo -- Adopting the Mind-set of Potential -- Revolutionizing the Way We Manage Performance -- Leading the Revolution -- Implications for Information Technology -- Implications for the Governing Board -- Parting Remarks -- About the Author.

About the Companion website -- Index.
Abstract:
Strategic planning and tactical fundraising can maximize income and minimize costs Fundraising is the lifeblood of the nonprofit, and, successful or otherwise, determines the organization's ability to provide for the group it serves. Every organization attempts to lower overhead while increasing donations, but this often proves to be impossible within existing frameworks. Effective fundraising - increasing donations while engaging more donors and lowering costs - requires a sound strategy that turns major roadblocks into minor hurdles that are easily overcome. It's not about trying harder, it's about working smarter. Fundraising the SMART Way provides the groundwork for a complete revamp of organizational fundraising systems. Author Ellen Bristol applies twenty years of corporate sales experience and eighteen years in fund development consultation to the problem of inefficient fundraising. Bristol turns her extensive sales expertise toward the perspective of "selling" an organization to potential donors, increasing the donor pool, and lowering the cost of fundraising. The book details the questions every nonprofit should be asking to maximize the effectiveness of fundraising efforts, and encourages systematic strategy development by zeroing in on key factors such as: Organizational goals, strengths, and weaknesses Donor actions and motivations Workload management and results QA Opportunity evaluation and organizational action The book outlines clear, concrete, actionable steps that can be immediately implemented to escalate income growth. Effective fundraising is sustainable, consistent, and on-target. It must exceed current need and expand to fill future need. Fundraising the SMART Way represents a true breakthrough in that it lays a foundation for true systemic overhaul, and can be the catalyst for the growth of any nonprofit.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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