About  |  Contact Us  |  Register for Benefits  |  Login  |  View/Edit Your Profile  |  Consulting  |  Principal & Founder  |  Sponsorships  |  Legal & Privacy

  Home      Blog      Job Board      Community      Contribute      Vendor Listings      Search Site
  Employment  |  More With Less  |  Potpourri  |  Records  |  Reporting  |  Research  |  Revenue  |  Samples  | Systems  |  Web Sightings
 
  Planning is the Operative Word Potpourri

Canadian FundRaiser"Planning" is the operative word, and needs to be the guide

Nonprofits just testing the waters of planned giving need to develop a work plan to guide them as they go forward, warns Cathy Mann, Executive Director, Frontier College.

In Year One, she tells a session of the Canadian Association of Gift Planners conference, staff must first identify a planned giving champion on their board, quietly promote planned giving through existing marketing opportunities, implement the ability to accept gifts of securities, develop policies, procedures and control, work with the board champion to develop evaluation measures, and develop a planned giving club or recognition plan.

Year Two is the time to launch the PG club formally, identify who has made a planned gift and invite them to join the club, carry out mass marketing activities, respond to those who give the organization permission to contact them, and begin formal reporting to the board.

For the next couple of years, she says, the focus moves to continual evaluation of the program on an ongoing basis, with experience yielding an increasing number of ideas on where and how to grow it. Probably more staff time will need to be applied, and it is important to keep the board informed about planned giving accomplishments, winning directorsí buy-in.

Proceeding before implementing

Before the plan is developed, Mann says, the organization should run through a readiness checklist, then as it moves on to commitment to pursuing planned giving, it should first focus on bequests (as opposed to other tools of the trade), implement the infrastructure/policies/procedures to accept gifts of securities, and develop gift acceptance policies, administrative procedures, and financial controls.

It should set up a planned giving committee or otherwise access professionals to guide and advise how best to proceed.

Itís important, she stresses, to get to know the organizationís donors, those who have already made a gift and those who might like to make a gift. The point person on the project should cull the organizationís database looking for prospects and ask board members and senior staff to help identify them.

Prospects should be qualified according to the criteria the point person wants to follow; these might include long-time donors, long-time volunteers, clients, or persons of a particular demographic profile.

Piggyback on materials

To market the program, initially at least, itís best to piggyback on existing materials, adding planned giving pieces to them.

Some initial thinking is required about how donors will be recognized and stewarded, notes Mann. Some possibilities are something like a heritage society, a donor wall, mail/phone/personal visits from staff or volunteers, or special events such as donor recognition teas.

Also before actually plunging into the waters, the decision should have been made about how the program will be evaluated Ė revenue only? expectancies only? number contacted by phone, mail or personal visits? These questions need to be answered so senior staff and the board will know what to expect.

Mannís readiness checklist, which should be reviewed before any of these steps are undertaken:

  • Does your organization have a compelling need?
  • Will your cause be relevant in 50 or 100 years?
  • Does the board understand why planned giving is important, and are directors supportive?
  • Does the organization have a strategic plan in which planned giving has been identified as a priority?
  • Is the board prepared to make the investment required?
  • Is the board patient enough to wait until a planned giving program matures and begins to show returns?
  • Will board members make their own planned gift, help to identify prospective donors, make time in their agenda for planned giving education, policy making and awareness, and act as ambassadors for the program?
  • Will the CEO promote and, if necessary, defend the planned giving program to the board, work with you to develop the program, and make his/her own planned gift?
  • Will the board allocate resources or make an investment in a person dedicated to planned giving, training and professional development for staff, and training and development for the board?
  • Will the board allocate resources or make an investment in resource material, promotional material, and professional advice when necessary?
  • Can you capture names, addresses and giving history of donors?
  • Are you able to thank donors quickly, sincerely and often for their support?

If your organization can meet all these criteria, itís time to work through the other steps to a fullfledged planned giving program, says Mann.

For further information: Cathy Mann, Executive Director, Frontier College, 416/923-3591, ext 311, Cmann@frontiercollege.ca.

 
Canadian FundRaiser
Canadian FundRaiserSince 1991, the Canadian FundRaiserô newsletter has been updating nonprofit managers twice-monthly on news, trends, tips and analysis of developments in the fields of fundraising and nonprofit management.

Our service, originally simply a twice-monthly newsletter, has expanded over the years to include workshops, books, back-issue search and Special Advisories for our member/subscribers. And the complete package is now the Canadian FundRaiserô Nonprofit Sector Management Information Service.

Current Members can search back issues here, renew their Membership, or correct their address information in our secure files.

Through the generous support of a number of Supporting Sponsors, at the head of them our Lead Sponsor, UNxVision Internet Fundraising Solutions, we have avoided price increases for many years, and been able to provide some services at no cost.

Please take a look at the current issue of Canadian FundRaiserô eNews, and if you havenít done so already, sign up ≠ at no cost ≠ to receive future issues. Visit our Key-To-The-Sector Workshop Centre. Ask about Advertising & Sponsorship opportunities. Or send us an article suggestion. Weíre waiting to hear from you.

Canadian FundraiserSupportingadvancement.com Board Management. Meetings are expensive and should be managed effectively.
Supportingadvancement.com Board Staff Alignments - Comparing Three Different Approaches
.
Supportingadvancement.com Branding Your Organization for Sustained Growth.
Supportingadvancement.com Building a Web Site
.
Supportingadvancement.com Common Cause. Nonprofits and negotiating with trade unions.
Supportingadvancement.com Create Suspense in Your Direct Mail.
Supportingadvancement.com Enewsletters - Challenge - get those e-newsletters open ... just like snail mail.
Supportingadvancement.com Enewsletters - Choosing the right distribution system.
Supportingadvancement.com Enewsletters - Readers must want to look at it as well as read it.
Supportingadvancement.com Engaging Youngest Adults

Supportingadvancement.com Engagement Used to Set Marketing Budgets
Supportingadvancement.com Envelope Tricks that Turn Recipients Off, Lose Donations
Supportingadvancement.com Five Guaranteed Ideas for Managing Your Apathetic Board
Supportingadvancement.com Fundraising Mailing Lists: How List Brokers Can Help
Supportingadvancement.com Fundraising Widgits
Supportingadvancement.com Getting Better, Not Older: Boomers Redefine Middle Age
Supportingadvancement.com Giving Circles
Supportingadvancement.com Interim Director: Place Holder or Catalyst for Change?
Supportingadvancement.com Make Your Appeal Letters More Personal With the Best Date Format
Supportingadvancement.com National Online Portal

Supportingadvancement.com Online Fundraising, 2
Supportingadvancement.com Planning is the Operative Word
Supportingadvancement.com Right vs. Right
Supportingadvancement.com Self Audits
Supportingadvancement.com Success Planning - Don't Wait Till Disaster Strikes

Supportingadvancement.com The Tenuous Link Between Wealth and Charity
Supportingadvancement.com Training and Development

Supportingadvancement.com Understanding the Affluence of Women
Supportingadvancement.com Volunteer Management
Supportingadvancement.com We're Noble, Not Hucksters - But We Still Must Market
Supportingadvancement.com Winning Googlers'
Supportingadvancement.com Yes, you can get prospect information for free - on the Net
Supportingadvancement.com Your Marketing Mix Needs a Web Site These Days
 
  ↑  Top of Page  |  Samples Page  |  Sample Forms  |  Favorite Reports  |  Frequently Asked Questions  |  Glossary of Terms