Last week, a development officer at a nonprofit offering after-school STEM programs reached out to me on LinkedIn asking for advice on how to secure more corporate sponsorships. I responded that the solution varies by organization, but it almost always begins with building more meaningful, human relationships — advice Allison Fine confirms in Stop Treating Donors Like ATMs: Here’s How.
Whether you are approaching a corporation, foundation, or individual, the choice to give is a human one, typically triggered by emotions on some level and based on a strong personal connection. Therefore, Fine suggests that it’s time to discard the archaic “barrage-of-asks” approach to fundraising. She calls it “the leaky bucket problem,” and warns that it’s sending “one-time donors flying out of the bucket at a head-spinning rate.”
“This leaky bucket creates an annual cycle of panic,” Fine says, which in turn, justifies the transactional approach to fundraising centered on asking, asking, asking . . . and asking, again.” Donors are increasingly selective, so it’s important you assess how your donors feel about their contributions.
A key question to ask, Fine says, is: “Where and how are you engaging your donors as smart, creative, problem-solving people who can help advance your mission?” Read Fine’s article to learn a variety of creative ways to do this effectively. To go deeper, check out these related articles:
Best,
Elaine Gantz Wright
Senior Editor, Products