Wednesday 23 September 2015

Should You Have Your Own Fundraising Professional on Board?


Many nonprofits simply rely on their existing board members to develop their fundraising goals and strategic marketing plans. It's common for boards to turn the oversight of their fundraising over to the treasurer or even to someone else on the board that may have some experience with finances in their private life. In general this is usually a volunteer board member that works in banking or accounting, or other position that involves marketing.

As with most endeavours, board members will find that they can likely improve the results of their fundraising efforts if they enlist the services and experience of a professional. Just as you wouldn't turn to an amateur if you were facing a serious illness and would likely seek out the services of a professionally trained physician, nonprofit boards can benefit from having a fundraising professional on board.

A fundraising professional can help give direction and provide insight to the board when creating a fundraising campaign as well as be able to design one that will increase the amount of funds that are raised. This is critically important for most nonprofits given the fact that fundraising is often a nonprofit's greatest source of funding. Being able to have a reliable professional to turn to can not only improve your nonprofit's ability to achieve its service level goals; it can also increase your ability to continue daily operating in a sustainable manner.  

Because of their training and experience, a fundraising professional is able to help unify your nonprofit's approach to fundraising. They also usually take on the responsibility of doing the hard work that is necessary to keep up with communications that build and strengthen relationships. This helps nonprofits to be able to keep their current donors involved and emotionally connected to the nonprofit's goals while seeking out new donors in ways that are the most cost effective.

Increasing the amount of monies that your nonprofit receives from fundraising is about more than simply asking for more money from your existing network of donors. The most successful fundraising campaigns are usually part of a multi-year fundraising strategy. A professional fundraiser is especially beneficial when it comes time to develop these long range fundraising plans for your nonprofit's organisation as their experience enables them to be able to provide realistic targets for your fundraising goals and likely costs from year to year. This allows your nonprofit to be able to take swift action should circumstances and needs change.

In short, while your nonprofit will likely have to pay to hire a fundraising professional, this cost will probably be more than offset by the increase in the amount of donations that you normally receive while reducing your fundraising costs by providing plans that result in greater focus and less waste during the actual fundraising process.