One week in, already a bestseller
If you missed the news last week, my book is finally here:
And did you see that it’s already an Amazon bestseller across four categories? All thanks to you.
— Kevin
💪🏽💛
Three insights
1. The five types of donors.
A donor fit infographic.
Which funder fuels you most?
Get to know your five options.
Each category has donor motivations, advantages and constraints for you, plus capabilities you need internally to attract and retain that type of funder.
The original, full version of this infographic — from The Bridgespan Group — also includes bonus details on program service fees and investment income, plus examples of nonprofits that fit each funding category.
You don’t need every funder.
Just the right type.
Right match.
Real growth.
2. How to write winning proposals.
A bad proposal or grant application is like:
Serving a gourmet meal on a paper plate.
Painting a masterpiece on torn canvas.
Or playing poker with a losing hand.
It’s practically giving donors a reason to say no.
That’s why you must avoid the seven deadly sins of proposal writing. These issues could be costing you fundraising and sales.
Click here for a 90-second guide.
Then make it compelling.
Or lose the funding.
3. You can’t make a lousy charity good by having a low overhead.
Overhead is fuel, not fluff.
It’s an investment, not indulgence.
So overhead can make “a lousy charity good.”
Here are 35 essentials donors should invest in:
Brand
Utilities
Salaries
Technology
Fundraising
Recruitment
Mental health
Infrastructure
Staff retention
Theory of change
Risk management
Spiritual wellbeing
Legal consultation
Strategic planning
Employee benefits
Contingency funds
Positioning strategy
Succession planning
Advocacy & lobbying
Innovation & research
Equipment & supplies
Organizational culture
Monitoring & evaluation
Team-building activities
Stakeholder convenings
Leadership & staff training
Marketing communications
Diversity, equity & inclusion
Accessibility enhancements
Partnerships & collaborations
Intellectual property protection
Ethical standards & compliance
Financial management systems
Climate & environment initiatives
Board development & governance
The critical point for your fundraising. ⤵
“If you can justify that [an expense advances your impact] with a straight face to your funder, you should consider it a direct cost and feel empowered to defend that decision,” advises Jenna Rogers-Rafferty.
And let’s not perpetuate the overhead myth.
“It’s time for a change,” says Vu Le. “Stop furthering the idea that ‘overhead’ is bad. Operating, administrative, and fundraising expenses are necessary for us to do effective work.”
Shift the narrative.
Because myths hold power only if we let them.
The weekly bonus
19 small but powerful writing tips that will immediately 10x your quality.
P.S.
Can you look at these nine photos and not smile on International Day of Happiness?
1. Can you recommend sites that may offer IT software support in accounting for non profiting organisations?.
Great learning