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Nonprofit Radio for December 6, 2021: Purpose Driven Marketing

My Guest:

Stu Swineford: Purpose Driven Marketing

Stu Swineford reveals the principles and pillars of purpose driven marketing that will keep your donors engaged and wanting to support your mission. He’s co-author of the ebook, “Mission Uncomfortable.”

 

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[00:01:45.54] spk_1:
Yeah. Hello and welcome to tony-martignetti non profit radio big nonprofit ideas for the other 95%. I’m your aptly named host of your favorite abdominal podcast. Oh, I’m glad you’re with me. I’d be stricken with scabs if you invested me with the idea that you missed this week’s show purpose driven marketing stew. Swinford reveals the principles and pillars of purpose driven marketing that will keep your donors engaged and wanting to support your mission. He’s co author of the book, Mission uncomfortable On Tony’s take two planned giving accelerator were sponsored by turn to communications pr and content for nonprofits. Your story is their mission turn hyphen two dot c o here is purpose driven marketing. Yeah, it’s my pleasure to welcome for his first time on nonprofit radio stew Swinford. He is a mountain fellow, cinephile and co founder of Relish Studio, a digital marketing firm that creates conversion focused marketing solutions for nonprofits with Aaron Rixon, he’s co author of the book mission uncomfortable how nonprofits can embrace purpose driven marketing to survive and thrive. He and the company are at relish studio and relish studio dot com. Welcome to nonprofit radios

[00:01:46.65] spk_0:
to well thank you so much for having me on today. tony

[00:02:00.34] spk_1:
pleasure pleasure. Uh we got to take care of the most obvious things first before we get to your book and purpose driven marketing. You’re a mountain fella. So I mean you live in the mountains.

[00:02:17.74] spk_0:
I do. We live up here at about 9000 ft up kind of west of Denver Netherland is kind of the closest biggest town. Um, but live in a little cabin that was built in the 40s here in the woods with my wife and our are slew of pets, which hopefully will not interrupt us today.

[00:02:22.78] spk_1:
That’s okay. We’re very family friendly on a

[00:02:25.12] spk_0:
nice family embracing,

[00:02:28.94] spk_1:
not just family friendly family embracing. So 9000 ft. So you’re so you’re one of those people who follows the uh the high altitude directions on baking?

[00:02:38.34] spk_0:
Absolutely, yeah. Okay. And those are actually mostly geared for Denver, which is about 50 400 ft. So we have to make even more adjustments usually when we’re doing things up here.

[00:02:50.44] spk_1:
And do you need special cars or special equipment on your cars to drive at that altitude?

[00:03:11.34] spk_0:
No, not really. Not really. Everything’s electronically controlled at this point, so you don’t, you don’t have to make too many adjustments. I think an older car or older motorcycles for sure you have to reach it um in order to perform well at higher altitudes, but older ones. Okay. Yeah. Are you

[00:03:17.25] spk_1:
skiing there in the mountain?

[00:03:31.84] spk_0:
Well, not currently. Uh we we don’t have, we got a little bit of snow last week, but it’s mostly gone. Um I believe a basin actually opened last week. So they are skiing up a little higher than we are located. Um And El Dora, which is the local ski area is threatening to open here toward the end of the month, but we’ll we’ll see what happens. It’s been a little bit warm.

[00:03:42.24] spk_1:
Okay, this is uh we’re recording in mid october

[00:03:46.52] spk_0:
Yes, yes. Okay. Okay.

[00:03:48.66] spk_1:
Are you a cross country skier?

[00:04:06.64] spk_0:
I do I know a Nordic ski and backcountry ski. I don’t go to the resorts all that much anymore. I used to be a big resort guy and um I used to ski about 80 days a year. Um and I I would say last year I probably got 20 or 25 days a but it was mostly back country skiing.

[00:04:09.84] spk_1:
Okay. And cinephile. Yeah, I have a favorite director genre.

[00:04:30.54] spk_0:
Well I love the Coen Brothers, they’re probably my favorite directors. Um And I used to write for film threat and I was I was a critic for a short period of time. Um And I just love watching movies and uh that’s something that I enjoy.

[00:04:32.24] spk_1:
Yeah, wonderful. You have a favorite Coen Brothers movie? That’s hard. That’s hard. It’s tough. Maybe asking you a question that I couldn’t answer

[00:05:06.74] spk_0:
myself many of their films um have something to be enjoyed. I would say my go to favorite when people ask is Miller’s Crossing, which was one of their earlier films um starring Gabriel Byrne. And uh it’s just a you know, it’s it’s a it’s a fun little movie but you know, I’ve watched the Big Lebowski. I don’t know how many times and um you know they have a great uh collection and selection of movies for people

[00:05:46.94] spk_1:
o Brother where art thou Burn after reading these are some these are something but Miller’s Crossing that with Gabriel Byrne. I’ve I’ve seen that a few times that I think I might have that one in my collection. I’m pretty discerning about which movies actually purchase physical copies of so that I can watch them when I want to, streaming services decide that they want to have them bond for six months. And I think Miller’s Crossing is in there because that that’s uh it’s an early one but he’s uh he’s a he’s a it’s an interesting gangster um gangster profile

[00:05:48.37] spk_0:
I suppose. Yeah, it’s kind of a gangster movie set in the prohibition era. Um It just has great, great dialogue and uh and it’s you know, it’s not for the whole family for sure, but but it’s definitely a good one if people haven’t checked that one out,

[00:06:03.74] spk_1:
Hudsucker proxy

[00:06:04.70] spk_0:
to great name

[00:06:08.24] spk_1:
that often. But paul newman

[00:06:10.64] spk_0:
uh tim Robbins, tim Robbins. Exactly.

[00:06:29.14] spk_1:
Yeah. The circle, it’s a circle for kids. It’s for kids, you know, circle, you know kids so alright, so coen brothers fans, you will get that, you’ll get that reference if not you can watch the Hudsucker proxy and uh and you’ll get it all right. Um So purpose driven marketing, why don’t we just define this thing. What is this first?

[00:08:35.64] spk_0:
Well purpose driven marketing in our minds is here it relishes um is really marketing that has a goal in mind. And then also we really try to work with purpose focused leaders who have something bigger than just making money in mind for their organization. So whether they’re a 1% for the planet partner or a nonprofit or a B corp um, those are the kinds of people that we really like to work with and, and uh, you know, I sort of, I guess I grew into this over the years, uh, At relish. We started in 2008 and in about 2013, my business partner and I started thinking, Wow, you know, we’re, we have this opportunity as entrepreneurs and business owners to, to really create something different than just uh, an organization or a business that that is here to make money. We can actually kind of mold this in, in our own fashion. And so we started looking for ways to create some giving back here at relish and that was when we joined 1% of the Planet Colorado Outdoor business alliance organizations like that, that colorado non profit association that enabled us to, to start to kind of codify or, or formalize are giving back as well as, you know, really meet and um, and be able to serve those people who are doing a lot more in the world than just, you know, funding, uh, the owners next vacation home or yacht or something like that. Um, in terms of, of conversion focus. However, you know, that’s another piece of the purpose component um, is really making sure that people’s marketing is aligned with a goal and that we’re helping them achieve that goal. So it’s, it’s just a thoughtful way of approaching the whole marketing space um where it becomes, you know, something that you’re investing in. Um it’s not just an expense, it’s something that’s actually creating a return on that investment. Mhm.

[00:08:41.24] spk_1:
And you, you focus a lot on building relationships through purpose driven marketing. How, just as an overview, we’re going to get to that, we’re gonna get to your four pillars, but how do you see purpose driven marketing contributing to relationship building?

[00:10:11.74] spk_0:
Well, we look at marketing is really, that’s all marketing is, is building relationships and really, instead of attempting to sell all the time, um, we see marketing that works as as an opportunity to create a relationship, to build a connection as opposed to just trying to sell something. Um You know, usually in in any kind of transactional relationship, um you have to get to know the person trust like them. Um and then move on to kind of being able to try and, and by and then hopefully people move into the kind of this repeat and refer proportion of their, of their life cycle. Um But ultimately, at the end of the day, it’s all about creating this atmosphere where people, um not only know who you are, but but really get to like you and to trust you in order to uh take that next step, which is to try and to buy your services or your, you know, your organization’s um, uh, benefits that they’re bringing, that you’re bringing to the, to the marketplace and to the nonprofit space in particular. Um, and so that’s that’s kind of how we see marketing is is just really creating opportunities to build upon um interactions and create a really strong, solid relationship with people.

[00:10:27.84] spk_1:
And you take time to, hey, make sure people are not thinking of marketing as a pejorative, you know, that it’s that it’s I don’t know that you use the way, I don’t think you use the word sales. E but you know, you uh you’re you’re making sure people are, are looking at marketing the way you and Aaron are, and not the way, you know, an amazon looks at looks at marketing.

[00:10:44.44] spk_0:
Well, it’s interesting even in the amazon space, but the short answer is yes. But even in the amazon space, they’re trying to create opportunities for um for relationship building. So there is there are some

[00:10:56.86] spk_1:
lessons to be learned from

[00:12:06.84] spk_0:
the Yeah. And that’s how we just kind of see marketing. So whether that’s selling a widget where you have to convince somebody that this is a durable, um, you know, tool that will solve whatever problem it is that they’re trying to solve. Um, you’re you’re always trying to build a relationship there. You’re always trying to create an opportunity for somebody to get to, to know that company, um, understand why they’re doing things and uh, I believe that that this transaction is going to result in a positive, um, outcome. And, and whether that’s a long term kind of approach where you are trying to convince a donor to give, you know, thousands and thousands of dollars to your organization or a very short term relationship where you’re just trying to convince somebody to, I don’t know, buy a soda because they’re thirsty. Um, you know, it is all about creating that, uh, ability and opportunity to, um, for, for people to start to know like, and trust you in that in that connect and um, and convert face of the, of the scenario.

[00:12:33.14] spk_1:
Yeah. Know like, and trust Trust is when you can build trust with folks and uh, then, uh, there are so much more likely to open your, open your messages, uh, follow your calls to action, you know, when there’s trust with the brand and the work, that’s uh, that’s a pinnacle in a relationship.

[00:13:00.84] spk_0:
Yeah. And ultimately relationships are built through interactions over some period of time. And so whether those interactions are, you know, commercials that are aired, um, or emails that are sent and uh, questions that are answered. Um, or even, you know, social media outreach and uh, back and forth when you can create when you can create that interaction, when you can create that, that back and forth, that then solidifies and builds and strengthens strengthens that relationship. And so those are the kinds of things that we help our clients and partners facilitate through marketing.

[00:13:21.94] spk_1:
It’s interesting the back and forth, not just the one way, you know, messages going from us to those, we’re trying to build trust with

[00:13:27.91] spk_0:
a little more

[00:13:29.10] spk_1:
about how it’s how it’s two way communication, not not one way.

[00:15:02.54] spk_0:
Yeah, so that’s actually one of the things we see people, one of the bigger mistakes people make in the social media space is that they use social media as kind of a soap box where they get on and they present their, you know, whatever whatever it is of the day, whether it’s a sales pitch or even a an item of value, but they fail to try to build those relationships. Um and you know, social media is at its core a social component which requires back and forth, which requires um you know, companies and their, you know, they’re the people who are working with them to go out and and create opportunities to start those conversations on social media. So instead of simply going to your particular platform and posting something, um you know, really one needs to be out there um interacting and and commenting and posting on other people’s materials as well as posting on on your own materials and answering questions. Um google reviews is actually a great, another great example of a place where people have an opportunity to create a back and forth, whether that’s a positive review or a negative review that someone is left about your organization. Um, you know, making sure that you answer that and even try to create, you know, opportunities for back and forth. So ask open ended questions. Um, you know, comment on how beautiful that photo was on instagram and then ask them a question about what inspired them to take that or what camera settings they used or you know, whatever the whatever the the thing is that inspires those conversations and and gets people going back and forth, that tends to create those opportunities to build a relationship.

[00:17:41.34] spk_1:
It’s time for a break. Turn to communications, content creation, content is king. The medium is the message birds of a feather, flock together. The apple doesn’t fall far from the tree. So well the first two of those apply, we don’t, we don’t need the birds and the apples, but content content if you need content in the coming year, for for what? For digital, for print for an annual report for some other report to the board content. If you need content for your social channels, they can do all this turn to, they’ll help you hone your messaging. And as far as press, get your messages out in the channels that you’ve heard me talk about like Chronicle of philanthropy new york times, Washington post Detroit, free press etcetera cbs market watch. So content. If you need content for whatever purpose, think about turn to you need help get this off your plate there. The pros they write it, they’ll, they’ll get it off your shoulders because your story, is there mission turn hyphen two dot C. O. Now, back to purpose driven marketing. Okay. In that spirit, the reason I was attracted to you reached out to you to be a guest is you posted something interesting on linkedin. So I looked a little further in linkedin and you had a phone number that folks could pick up and say, you know, if you want to chat, reach, reach me here, uh, let me chat with the guy, I’m gonna pick up. Sorry, uh, like five minutes after I had read your post and did a little research, I said, I’m gonna talk to the guy. So you created an opportunity for people to reach you. Uh, uh, you know, and I grabbed it and I thought, first of all, it’s very unusual for someone to put a phone number and it didn’t go to google mail. It was your voicemail or google voice. I should say. It was your it was your it was your voicemail. And uh, you know, you called me back and we chatted. So you’re you’re you’re walking, you’re walking your

[00:17:51.84] spk_0:
walk. Well, I hope so. You’re walking your talk, I guess. I hope so. That’s one of the challenges of, of running uh running a marketing agency as we have the cobbler’s kids challenge a lot of the time where we we can do a really good job for our clients. But we tend to uh neglect our own outreach in our own websites and those types of things. I’m happy that that that that actually worked. Um we’ll do this. So yeah, it was great. I’m curious. Which do you remember which post it was that that you found compelling?

[00:18:24.54] spk_1:
No, it was too long ago. Okay. No, it was over a month ago that we first connected. I don’t know if it was about your book, but was it could have been the release. Had your book just come out recently or No,

[00:18:32.95] spk_0:
the book dropped in uh february last. All right

[00:18:48.74] spk_1:
then. I knew you had when I well, I knew you had written a book when I called you because I left you a message saying I’d like to have you on the show and talk about the book. Um I don’t remember. I don’t know. It’s

[00:18:50.19] spk_0:
okay. I was just curious to know if you if you remember what what thing I said that that made you want to pick up the phone. There was you know,

[00:19:14.64] spk_1:
you you know, I think you might have commented on something that I commented on to. Uh and so obviously I appreciated your comment. I think I think it was that I think it was a comment not a post of yours because you weren’t weren’t connected. So I wouldn’t have seen your. Yeah, I think it was I think you commented on something that I commented on.

[00:19:54.94] spk_0:
So so there’s a really great example of of how that relationship building peace can actually function to create another relationship opportunity. Um where you know, if if I were just using my, you know, linkedin platform to to espouse information and hopefully give some value driven stuff you and I never would have actually or it would have been less likely for us to have connected because uh what it took was me going out to someone else’s post and commenting about giving them some more information or saying nice post or whatever it was that I said um that they gave you got me in front of you. So um that’s a really good example of how one can can leverage that power of social media to to expand their network.

[00:20:07.37] spk_1:
It works so be social

[00:20:15.94] spk_0:
exact conversation. It is socially, it’s all about creating conversations. Yes. Let’s

[00:20:16.73] spk_1:
talk about your four pillars of of purpose driven marketing. Why don’t you just give us an overview and then uh and then let’s go in and I, you know, I got some things I want to talk about for each one but

[00:20:28.29] spk_0:
acquaintance

[00:20:29.42] spk_1:
with them first.

[00:23:23.94] spk_0:
Sure. So the four pillars as we see them in in terms of kind of this this client or customer lifecycle um is really starts with attraction. And that’s how do you get people to come to your properties, whether those are your social properties or your website or your storefront, How do you get out there in the marketplace and uh, and enable people to find you? And then we move to the bond phase, which is really the, the next step of that conversation where you’re not only have you brought people in. So you’ve, you’ve created an opportunity for them to find out about you, but now you’re creating this opportunity for them to actually get into the fold to, um, to kind of be part of your inner network. And um, and the connection phase a lot of times requires um, either a value exchange of some, some sort of information. Um, you know, what we’re really trying to do is help build those relationships and help not only, you know, take these people who have now found you and enable them to uh, to have an ongoing relationship, an ongoing conversation created. Um, so that’s kind of that bond phase and then the next phase is kind of this convert phase. And that would be the sails easiest part of this uh kind of system where essentially this is where we get people to either try or buy from you and in the nonprofit space, this would be, you know, getting someone to either, um, you know, really take advantage of something that you’re offering. So if you think about the nonprofit stakeholders, typically there are donors, there are volunteers, There are actual um, recipients of the of the nonprofits benefits. And then, um, you know, there could be kind of sponsors and and people in that frame as well. So how do we get those people to actually take some sort of an action either make a donation, volunteer, some of their time, etcetera. And then in the final phase, which is kind of this inspire phase, um, that’s where we’re trying to get people to either escalate their engagement. So you take a one time donor and get them to become a, you know, a monthly donor. You get someone who perhaps is a monthly donor or maybe as a one time donor and get them to bring their their business in as a corporate sponsor. Um, you get someone to escalate um, and repeat. And then also evangelize for your organization and get out there and really refer you, uh tell people that they should be a part of this organization as well, um or um, or even just shouting it out on social media about, you know, some great volunteer experience that you had. So those are kind of the main four pillars. And again, kind of heard me talk about them in a different framework earlier where, you know, we’re really trying to get people to um, to know like trust tribe. I repeat and refer those are kind of the seven components of those four pillars. Okay,

[00:23:49.64] spk_1:
so before we dive into each of these, these four, but let’s let folks know how they can get your, your ebook mission uncomfortable.

[00:23:52.67] spk_0:
Sure they can, they can download it online. It’s, I decided to not publish it in a printed format at least this current time trying to save some trees. Um, but it is available at mission uncomfortable book dot com.

[00:24:19.54] spk_1:
Okay. And we’ll make sure we, I say that again at the end. So so attract connect bond, inspire when, when we’re, when we’re doing attraction, we’re attracting folks. You talk a lot you and Aaron talk a lot about personas, you’d like to rely on those, explain the value of how they work, what their value

[00:25:50.84] spk_0:
is. Yeah. So persona is, it can also be called an avatar. It’s essentially an ideal audience. So when you start to think about who you’re trying to attract to your organization. Um one of the first things we recommend doing is really doing some exploration in terms of personas and and really getting an understanding of the motivations for your target audience groups, um, what their demographics might look like. Um, you know, what, what makes them tick and why would they want to come. Uh, and, and uh, you know, connect with and participate with your organization. And so when you think of all, there’s usually more than one persona. Um, you know, a volunteer might be a completely different person than a donor for example. Um and and then a recipient of your of your benefits, would you know, potentially be even even different persona. Um So build what you can do is build out as many of these as you think you need to in order to get a feel for who it is that you’re kind of trying to reach a lot of times when we build out personas for our clients and partners, we really create a visual um you know, person that people can wrap their arms around. We name them, we find a stock photo that’s representative of representative of that person. You

[00:25:59.33] spk_1:
go to photos even I’ve heard of naming, giving, giving them names, but you go to photos.

[00:27:58.94] spk_0:
Yeah. Picture somebody. Okay. Yeah. Trying to create as much of uh of something that you can wrap your arms around when you’re talking about this audience group. Um and you know, I would say don’t go overboard, don’t try to overthink it to start because you know, you can get kind of in the weeds with persona development where All of a sudden you have 15 different personas that you’re trying to to reach and it just becomes confusing. So one of the things that we would recommend is just starting simple and just think about, who you know, if you were thinking of an ideal volunteer, just one of them and we know that there are many who would that person be um you know, would they be uh woman between the ages of 35 42 who has um, had a career and now has, you know, maybe has a little bit more free time in that career or perhaps even works for a company that offers uh, you know, matching for volunteer opportunities. Um, does she have Children? Is she married? Does, what does she, what does she look like? Who is this person? And you know, maybe her name is Jill and you can just really start to talk about and think about who Jill is when you are planning your marketing outreach. So does she play and find information and spend a lot of time on facebook or is she more on instagram? Is she out? Um, you know, in certain places in the local community where you can can reach her farmers markets for example, or um, you know, or perhaps other types of, of events where where would you need to go to run into and connect with uh, with Jill and get her to understand who you are and a tractor to your organization. And so it really that persona development really helps you map out your marketing strategy so that you’re not spending a bunch of time trying to attract, you know, boomers by posting on Tiktok.

[00:28:30.34] spk_1:
And when you’ve so identified the the folks that you want to connect with, that, that’s what the purpose of the personas is your identifying different different categories of people you’re trying to to connect with and you, you want to focus on delivering some content for them to connect with. And you have lots of examples of blogs and social networks and podcasts and white papers, etcetera. Talk about, you know, matching the content I guess with with with for your personas.

[00:29:48.04] spk_0:
Yeah. So when we talk about content, we really start with trying to create value exchange here. So this is actually the first transactional piece of the transactional relationship that you’re that you’re attempting to build. Um, the end goal may be to get uh, you know, a donation or get somebody to exchange their time to volunteer with you, which is something of value. But at the onset, um, it’s really about getting into this kind of try um, trust and try phase um, there’s a little bit of the like phase in there as well, but at this point they know who you are now. You’re really trying to get them to like trust and try your organization. So in this phase of the relationship, um, you know, coming up with things that might be beneficial to this person. So for example, um, Leave No Trace is a, is a nonprofit organization that is trying to get people to have a better understanding of how they can interact with our open spaces and natural places more effectively. One of the things that I’ve seen from them in the past are are these great cards that have the leave no trace principles. And and so they’re right there handy. You can have them attached to your pack or in your pocket um that that really give people

[00:30:16.38] spk_1:
presumably you don’t you don’t leave these cards behind at your

[00:30:18.88] spk_0:
campsite. Yes, exactly. These come with you uh the

[00:30:21.61] spk_1:
letter with the card.

[00:31:32.24] spk_0:
Yeah, Yeah, but but a, you know, a convert phase, you know, kind of opportunity here might be um either an online version of that card. So people could give, you know, give them their email in order to get this card, get access to this information or even uh, you know, provide your address and they might send you on. I don’t know exactly what leave no trace is doing with these these types of informational items. But that might be uh, you know, a tactic that they could use to get people to feel like there had been a value exchange and just to continue building that relationship and and essentially convert them from a stranger to. Now there’s somebody that you kind of know, um you have some information about them. Uh Now you can actually ask them questions through email. You can ask them to donate. You can ask them, you can, you can escalate that relationship by giving them other items of value. Um that’s where that connect phase comes into play. That then you kind of escalate that uh, into the, into the bond face.

[00:31:39.84] spk_1:
Yeah. All right. so let’s let’s spend a little time with with connecting, you talk

[00:31:40.60] spk_0:
about the I’m sorry, Bond Bond comes first and then the connect

[00:31:44.98] spk_1:
so, you know, in the book, you have a track and then

[00:31:48.57] spk_0:
yes, you’re right, I apologize. Yeah, I got it, I got it all confused. My own,

[00:31:55.75] spk_1:
you are a co author of the

[00:31:56.91] spk_0:
book, right? I am Aaron,

[00:32:03.64] spk_1:
you’re not a ghost writer to the I mean he’s not your ghostwriter? No, you actually did contribute. Okay, so, we can wrap it up right now, if you’re not bona fide, you know, then that’s the end. No,

[00:32:10.31] spk_0:
your bona fide. Okay, so

[00:32:17.14] spk_1:
yeah, so connect um you talked about the consistency principle uh that people like to as you’re connecting to get people to say yes or taken action, say a little about that, I like that consistency principle. Can you define that for me?

[00:34:50.14] spk_0:
Yeah, so the consistency principle is really getting opportunities to to make sure that you’re being um intentional and consistent in your outreach. Um one of the things that we find people do is they tend to go in sprints and they’ll get really excited about about building a relationship or or creating opportunities for outreach and then they’ll do it for a little while and then they’ll drop off for for months at a time and um you know, essentially creating an intention and creating a commitment to uh to outreach and to these activities and then sticking with that is something that we we talk a lot about one of the things that people tend to do is they set their goals too high and they say, okay, I’m gonna, I’m getting all excited about this, I’m gonna, I’m gonna do a blog post a day and uh and then they look at that that goal that they’ve set and they say, I can’t do this and we have this tendency, people have this tendency to think that That missing a goal is a total failure as opposed to, you know, you got part of the way there. Um and so what tends to happen is if we set a great big goal and then we start missing that goal, we think, okay, well, I might as well do nothing because, you know, zero is as big a failure as 75%. So one of the things in terms of goal setting that we really recommend is starting slow, creating an opportunity to create a smart goal, something that you can actually achieve. Um and uh and and start to feel what a wind looks like and then, you know, as you’ve built that consistency, go ahead and elevate that goal a little bit as you as as you get better at it. So I’d much rather see uh one of our clients, um, you know, set a goal of of one blog post a month, if they’re not doing any, let’s do one a month, get good at that until that feels easy. And then then we can talk about doing two a month or, or one a week or even, you know, a couple, a couple of week. Um, but what tends to happen is people get really excited about things and say, I’m gonna, I’m gonna knock this out of the park and then they don’t, they haven’t built those consistency, um, habits and so things kind of fall by the wayside and then they end up doing nothing. But

[00:36:48.53] spk_1:
It’s time for Tony’s take two planned giving accelerator. I’m recruiting for the january class right now. If you’d like to join me, like to learn together step by step how to launch planned giving at your non profit planned giving accelerator dot com has all the information that you need. Of course, you could be in touch with me through the site, ask any questions you might have. The course is six months, you’ll spend an hour a week learning how to launch your planned giving program and not only learning from me, learning from your classmates, the other members who are in your class with you. The peer to peer support is phenomenal. The way folks open up, they ask questions about challenges. They’ve got, you know, I haven’t tried everything. So we, it’s open to the, to the class to help each other. I mean, I’ve got my ideas, but everybody’s got theirs too. And you get that peer support, One member says she calls it her safety net playing giving accelerator. So if you’re not doing planned giving or if you have like a more abundant plant giving program, which is really no program, you know, deep down, if you admit that there’s really just not a program. If you want to take a look at plan giving accelerator, I’ll get you going launch your program and grow it between me and your peers. It’s all at planned giving accelerator dot com. That is Tony’s take two. We’ve got boo koo but loads more time for purpose driven marketing and what’s happening in our relationship as we’re, we’ve moved from a trac to connect what’s happening there.

[00:38:28.22] spk_0:
Yeah. So in that in that attract phase, you’re essentially hanging your, your sign out and saying, hey, we exist, come check this out. And, and then in the connect phase you’re really trying to provide valuable information that enables people to, um, to take an action that gets them kind of deeper into the fold. So that’s one thing about email. People think for example, and particularly the nonprofit space email is an amazing tool. Um, yes, we all get a ton of junk email on a daily basis. And we also get a lot of non junk email but depending upon who your audience is and for non profits a lot of times that audience, particularly in the donor seat are kind of these people in the boomer, um age range, that demographic really still does rely very heavily on email. It’s kind of one of their chief modes of communication. Um They email is one of these places that feels like you have some control over it, you can kind of choose to read it or not read it, you can unsubscribe if you if you would like. So there’s a little bit more of a feeling of control with email and then also um this is a place where people have actually raised their hand. So it’s not just social media where you know maybe you got into somebody’s feed through some algorithm or or magically or got referred in, there’s a sense of people have actually taken an action. So that’s why we find list building and trying to create that connection and trying to get people into your um your your email list is a really valuable um component of this kind of four pillar system.

[00:38:45.72] spk_1:
And then bonding

[00:40:07.11] spk_0:
is next. Yeah bonding is really where your solidifying that relationship and you’re providing ongoing. Again, consistency is key here, ongoing opportunities for value driven uh exchange uh systems within the within the bond phase. So um we talked a little bit about this earlier in terms of creating opportunities to um to share information to share physical items to uh you know to provide people with solutions to their problems and in the nonprofit space this gets a little um a little I guess nebulous, it’s a little hard to figure out how uh to create these types of value exchange opportunities, but this is where mhm there are a few things that go into come into play here. One is if you can create an opportunity to position your nonprofit as kind of the guide in this story where your constituent your donor, your volunteer, even even the people that the beneficiaries are the heroes of the story and you’re just facilitating this opportunity for somebody for a donor to be the hero in this beneficiaries story that then creates this kind of experience in our minds where we we start to see ourselves as the as that hero and um and really feel compelled to continue uh kind of serving that role in that in that kind of relationship.

[00:40:57.51] spk_1:
You have a tip in the book. I think it’s mostly related. Well, no, not not necessarily to websites, but I’ll use the website example you say if some if you pre ask someone, if they want something, you get them to sit and they say yes, then at the next step they’ll be more likely to do the thing that you actually want them to do because they said you sort of you got them in the habit even though it was only one step, one step removed. You got them in the habit of saying yes, so they’re more likely to do the real thing that you want. Can you flesh that out a little bit? It was an interesting yeah strategy.

[00:41:10.11] spk_0:
It seems counterintuitive. I think that most people who have studied marketing have heard they reduce the number of clicks to purchase for example,

[00:41:13.22] spk_1:
don’t yeah, it’s possible.

[00:43:20.10] spk_0:
Yeah. And and this is where I would encourage nonprofits to try different things. But um the example that we believe I used in the book um was essentially instead of giving people a form to fill out immediately, give them a yet an actual action to take. So if you say would you like more information instead of just having, you know, this is an example instead of just having a form there where I put in my name and my email address and click, click yes, go ahead and say would you like more information? Yes, no and when people click yes, then it takes them to a page with the form on it and again it’s a little counterintuitive but the conversion rate on that form if you, if you put it behind that yes, no kind of gate yeah, it can actually be higher than the conversion if you just put the form out in front. Um there’s a interesting psychological thing that happens and one of my coaches, his name is Townsend Wardlaw. He’s a really great guy. Um he always asks per michigan before providing any sort of information. So for example tony if I had just sent you my book out of the blue without you asking for it. The likelihood that you would have done anything with that would be a much lower than if if I said, hey, would you like my book and you say yes and then I say okay and I’ll send it to you. Um, similarly Townsend always says ask permission, you know, would you like, would you like my help with that? Would you like me to share that with you? Um, you know, I have a story that I can tell about this, would you like to hear it? And, and that’s priming the pump for you to say no, I’m not interested. Which saves us both a bunch of time because now you don’t have to listen to me ramble on about a story that you weren’t interested in. And it also primes that pump for, for you to be even more receptive to the story once it’s once it’s delivered. So it works in, you know, not only in just marketing, but even in just conversational um, interactions.

[00:43:43.80] spk_1:
I’ve had folks talking about permission based soliciting for, for gifts, you know, in a couple of days, could I be in touch with you about investing in whatever you know, the work or the program that’s there of interest to them could be in touch, you know, in a few days on that. Yeah. Ask their permission. Exactly exactly in line with what you’re saying, you know? Yeah, that’s their permission and then be in touch in a couple of

[00:44:42.89] spk_0:
days assuming they said yes. Yeah. That’s, and actually a really great kind of cold call, um, tactic where instead of, you know, cold calls are very disruptive. So in the sales in the sale space. So for any executive directors out there, who are, who are, you know, soliciting donations from, from either, you know, big big corporations or, or, you know, seeking to get larger donors into the fold. One of the things that is more effective is to acknowledge that this call has been disruptive and try and get something on the calendar as opposed to trying to pitch them in that moment. And so similar, similar thing. You know, can I, can we, can we talk on Tuesday at, at three? Um, instead of saying, well, I’ll just jump right into the, to this thing that you didn’t actually ask me to pitch.

[00:44:47.87] spk_1:
Yeah. And you didn’t know what’s coming. Yeah, permission based I guess. I think Seth Godin has been talking about permission based marketing for years and it’s pervaded other areas. Yeah,

[00:45:00.35] spk_0:
absolutely.

[00:45:06.79] spk_1:
Yeah. Well, you know, why not? And you’re right. If the person says no, then you’re saving both of you the anguish of going through a, going through an exercise that neither one of you, it’s gonna be fruitless for one of you and the other person isn’t the least bit interested. So yeah. You want to do something that’s an interesting and fruitless.

[00:45:34.89] spk_0:
Yeah. And you’ve also created, you’ve created an exchange. Um, in terms of a back and forth. And so that’s, you know, that works as a um, you know, there’s a conversation that’s happened there. You listened. So you, you know, it positions you just a lot differently.

[00:45:37.12] spk_1:
You listened and you honored the person’s choice. So I I called you here. I am calling Tuesday at at four o’clock. Yeah. Alright. We’re inspiring. Next to

[00:48:12.27] spk_0:
separation inspiring. So yeah, after after this bond phase where you’ve actually gotten somebody to become a volunteer or make a donation or um, yeah, get get on your list of corporate sponsors or something like that from, from a non profit standpoint. Um The inspire phase is really where we’re attempting to get people to take another action. So um, there’s an old again kind of sales adage that it’s much easier to sell to someone who’s already purchased from you than it is to sell to somebody new. Um We tend to get really excited about new relationships and new sales tend to be the thing that get people excited. How many new donors did you bring in um, last year? You know, those, those types of things get get pretty exciting. However, it’s a lot easier lift to get somebody to donate again than it is to get to somebody to donate for the first time. So in the inspire phase, uh, you know, let’s just use donors again as an example. Um We’re really trying to get people to repeat and refer. Um, so get people to become a regular donor. Um, get people to donate again. Um, you know, thinking about escalation here and and again, if you think about your, um, you’re different kind of audience types and I do some volunteer work with volunteers for outdoor colorado and they’re a great organization here in state that does a lot of trail building and advocacy, uh, for kind of outdoor spaces. And I believe the first interaction that I had with their organization was as a volunteer. And so I decided I wanted to volunteer on a project and then I became a donor. Um, so essentially they gave me opportunities to, they inspired me. Um, you know, through not only all of the fun things that we were able to do during our, our, uh, our day of digging in the dirt. Um, but also, uh, you know, just just through all of the great things that they’re doing around the state, um, inspired me to become a donor and then inspired me to take an additional volunteer step to become a crew leader. And so essentially they’re doing a really good job of kind of escalating that engagement um, through this inspire phase. They also, um, you know, encourage all of their volunteers and all of their donors to share, uh, share their stories to, uh, spread the word about their organization. So that’s that kind of refer phase. So, you know, really

[00:48:30.47] spk_1:
like you’re doing right this moment.

[00:49:22.77] spk_0:
Exactly, yep, yep. Using them as an example of, of a great organization. Um, so that’s what, that, uh, you know, that’s where that kind of inspire phase comes into play. You know, getting people to evangelize about your organization, Getting people to, to, you know, share stories to come back to move from, you know, just giving you $10 at some events to giving you, you know, $10 per month. Um, so, you know, just getting really creative and staying in touch with people. That’s the thing that tends to happen is, um, you know, people fall off on the, on those activities because they’re, they are a little less, um, exciting than bringing a new donor into the fold. Um, but you know, really making sure that you have a referral program, you have something to get people to leave reviews, you get something, um, for people to share their stories and have a campaign associated with that, that keeps people keeps you at top of mind and then keeps people kind of coming back for more.

[00:49:54.57] spk_1:
You make the point of thinking about this as investment, not expense, not to look at the cost of a new cost of a donor acquired or cost of sale or something like that, but as an investment in the organization. And, and, and these relationships,

[00:51:17.76] spk_0:
we hear a lot in the nonprofit space would, particularly when it bumps up against marketing that any dollar that I spend that isn’t spent directly toward the core mission is a dollar taken away from that core mission. And we’d like for people to approach marketing for non profits a little differently where they see non they see their marketing uh, as an as an investment in that core message and an opportunity to expand and um amplify that message so that it becomes, it enables them to reach even more people. Um, and so that slight mindset shift can be really important when one starts to undertake marketing endeavors because, you know, it is money being, um, you know, coming out of the out of the program, but really making sure that you have to have a plan, you have goals, that they are reasonable, that you’re measuring that you’re tracking that you’re actually looking at this expense, um or this investment as uh, as something that’s going to grow your mission and and just keeping tabs on that and and making sure that you have those systems in place so that, you know that the, you know, whatever money you invested in marketing um, is creating a return on that investment.

[00:51:49.96] spk_1:
Yeah, yeah. Please get past this insidious myth. That myth of overhead, you know that marketing is overhead and technology is overhead needless, you know, these are investments in your future. You and I are talking about investments in relationships, relationships are only going to grow and as as folks refer, you talked about repeat giving and referring as folks refer you, the relationships are going to expand beyond what you can imagine, but it takes investment. So

[00:52:11.65] spk_0:
yeah, that’s why why having a system in place is so important and and that’s what, that’s one of the reasons I wrote Mission uncomfortable was to enable people to have some kind of understanding of a system in place for their marketing so that they could feel more empowered with that investment and and more comfortable with that investment that they’re making in in their outreach.

[00:52:19.05] spk_1:
That’s the perfect place to leave. It’s too

[00:52:21.05] spk_0:
well, thank you so much for having me on the show. Absolutely my pleasure.

[00:52:43.05] spk_1:
The book is mission uncomfortable. How nonprofits can embrace purpose driven marketing to survive and thrive. You get it at mission uncomfortable Book dot com stew Schweinfurt. The studio is the practices relish studio and he and the company are at relish studio and relish studio dot com. So all right now, I’ve just said the word relish 35 times in the past two sentences. Why is it relish Studio

[00:53:01.75] spk_0:
Relish Studio came about as a kind of a play on words where this is something that is that little extra spice on top that makes things extra good as well as something that we love to do. So you know, one of the things that really inspires me to work with nonprofit leaders is um just, it’s really easy to get out of bed in the morning and and work with these types of clients because we know that everybody’s out there trying to make the world a better place.

[00:53:28.45] spk_1:
That’s cool. It’s a great double play. Relish the condiment Condiment studio. Alright. Relish studio dot com stew. Thank you again. Thanks very much.

[00:53:36.77] spk_0:
Thanks for having me on

[00:54:20.45] spk_1:
my pleasure. Next week is a social enterprise for you. If you missed any part of this week’s show, I Beseech you find it at tony-martignetti dot com. We’re sponsored by turn to communications pr and content for nonprofits. Your story is their mission turn hyphen two dot c o. Our creative producer is Claire Meyerhoff shows social media is by Susan Chavez. Marc Silverman is our web guy and this music is by scott stein, thank you for that. Affirmation scotty be with me next week for nonprofit radio Big nonprofit ideas for the other 95 go out and be great

Nonprofit Radio for October 11, 2021: Next Year’s Plan For Your Year-End Donors

My Guest:

Poonam Prasad: Next Year’s Plan For Your Year-End Donors

We’re in the 4th quarter and you’re expecting a lot of fundraising revenue. You want those donors with you next year and beyond. Poonam Prasad has the strategies to make that happen. She’s president of Prasad Consulting & Research.

 

 

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Turn Two Communications: PR and content for nonprofits. Your story is our mission.

 

We’re the #1 Podcast for Nonprofits, With 13,000+ Weekly Listeners

Board relations. Fundraising. Volunteer management. Prospect research. Legal compliance. Accounting. Finance. Investments. Donor relations. Public relations. Marketing. Technology. Social media.

Every nonprofit struggles with these issues. Big nonprofits hire experts. The other 95% listen to Tony Martignetti Nonprofit Radio. Trusted experts and leading thinkers join me each week to tackle the tough issues. If you have big dreams but a small budget, you have a home at Tony Martignetti Nonprofit Radio.
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[00:00:10.84] spk_4:
Hello and welcome to tony-martignetti non profit radio

[00:01:41.44] spk_1:
Big non profit ideas for the other 95%. I’m your aptly named host of your favorite abdominal podcast and oh, I’m glad you’re with me. I’d suffer the embarrassment of Ruba malaria if you made me hot with the idea that you missed this week’s show next year’s plan for your year end donors. We’re in the fourth quarter and you’re expecting a lot of fundraising revenue. You want those donors with you next year and beyond. non Prasad has the strategies to make that happen. She’s president of Prasad consulting and research on tony state too planned giving accelerator. We’re sponsored by turn to communications pr and content for nonprofits. Your story is their mission turn hyphen two dot C. O. It’s a pleasure to welcome to the show for the first time Hunan Prasad. She is founder and president of Prasad consulting and research, providing board and staff training, audit, major gift capital campaign and publication services to non profits. She’s on the executive committee of the Giving institute, leading consultants to nonprofits before nonprofit work. She was an investigative reporter and worked in journalism, advertising and pr in India south Korea Hong kong the West Indies and the U. S. Her company is at Prasad consulting dot com and she’s at prasad c Welcome to the show. Prasad opponent. Prasad. Welcome to nonprofit radio

[00:01:53.44] spk_0:
Thank you Tony. It’s a pleasure to be with you.

[00:02:02.54] spk_1:
My pleasure to have you. Thank you. There’s so many so many facades. I guys called um facade instead of being um so you’re in you’re in new york city, right? You’re coming

[00:02:05.65] spk_0:
to us from new york? Yes. Coming to you from downtown Manhattan

[00:02:09.30] spk_1:
downtown. What neighborhood?

[00:02:11.54] spk_0:
Oh, east mid down. Sorry.

[00:02:13.84] spk_1:
Oh, now you moved in downtown anymore.

[00:02:16.17] spk_0:
Yes. Now we moved, we moved recently near Grand Central Station.

[00:02:20.74] spk_1:
Okay. And your Grand Central. And how about your home? Where where, where is your home?

[00:02:24.55] spk_0:
Also in midtown,

[00:02:26.08] spk_1:
midtown, midtown east. Also,

[00:02:28.39] spk_0:
midtown east. Also. Okay,

[00:03:06.04] spk_1:
East side of new york city. For your business and your home. Wonderful. So we’re talking about this year’s fourth quarter donors and how we want to treat them and work with them So that we hold on to them into 2022 and beyond. So just, you know, because we know the donor attrition is a big problem. It’s a appalling somewhere around 75% annual donor attrition rate. What do you see? You know, generally that, uh, nonprofits could do better about holding on to their year end donors

[00:06:17.64] spk_0:
actually, tony uh, the attrition rate or the leaky bucket is almost, uh, from three donors, you get down to 1.5 or from two donors, you could be down to one next year. So for all the efforts that you’re putting in to bringing these donors in. If you think about, you know, we were a research firm. So we often get people asking us, can you find me new donors? Can you find me new donors? I’m sure we can find them new donors. But the point is, once they’ve got them in, they have spent so much effort and time and money on getting them in. And then if you don’t steward them, if you don’t get to know them and you don’t work with them, then you’re going to lose them by next year. Um, and that’s the tragedy of uh, fundraising. You know, that is really very inefficient. So I suggest only just two little tips, the donors that you get in at the end of the year. There are only two things you need to do with them. one is get to know them. And then the 2nd 1 help them to get to know you. So show them that you are doing the right thing with their money. You know, the impact report reporting, telling them what you did with their money and how you could not have done it without their money. And the second thing learn about them. You know, if you were trying to become friends with someone, you went to a party and you met somebody and you said, you know, this was a really interesting person. Uh, they came to my birthday party, they gave me a present. I would like to be more friends with them. Would you not write them or thank you not? Would you not invite them to a body afterwards. Would you not say it? Let me have coffee with you. These are simple things that we do in everyday life. But then when you’re the executive director of a of a charity, a little social service charity, you said, I don’t like to do fundraising? Well, it’s not it’s human relations. These are people who gave you something they didn’t have to give you. They could have bought a boat, they could have bought a car, they could have bought a dress, they could have bought a rug for their living room. No, they gave that money to you. Shouldn’t you be grateful? Don’t we tell our Children you get a thank you gift for Aunt Mabel. You never met Aunt Mabel writer. Thank you. Not sit down here and right, right, and a thank you note, she sent you this gift. It’s simple. It’s it’s it’s not it’s not it doesn’t even have to be about fundraising. Yes. A lot of small agencies don’t have fundraisers, don’t have dedicated development people, but this is not even about development, This is about standard manners, you know, standard courtesies, things that we grew up with. But when it becomes, oh my goodness, it’s my donors. I don’t like doing this. I’m afraid to ask them for more. You know, just thank them first before you think about asking them for more, you know, and don’t wait too long to figure it out. You know, have the plan now, you’re getting the money in 40% of the money is going to come between October and November and December, that means it’s coming in now, October. You know, and in December you’re gonna get 20% of your money. So what is your plan for January? What is it that you’re gonna do?

[00:07:17.04] spk_1:
Okay, well, we’re gonna we’re gonna get there, we’re gonna get there. Hold on. Um So you made a couple of things, points that I want to amplify about it. Just being a matter of common courtesy in in a lot of respects, and it being about relationship building. All right. So, you’ve got, you know, in in in corporate marketing, there’s the idea of get a finger grab a hand. You know, someone walked into a Starbucks, they bought a coffee. Well, Starbucks doesn’t only sell coffee. They sell music, they sell food, they sell coffee accessories, they sell a tire, right? But not to mention they sell an environment. Uh, so I think there’s a lot we can learn from that. You know, get a finger grab a hand. So someone, let’s let’s take the donor that’s made their first gift, Right? Because that’s the tougher one. That’s the that’s the easiest one to lose

[00:07:20.79] spk_0:
that 1st 1st. That’s the that’s the most fragile relationship,

[00:07:56.14] spk_1:
right? So, we’re gonna start with that. I’m giving you the toughest hypothetical, right? So, all right. So we’ve got a bunch of first time donors, we had a very successful fourth quarter in donor acquisition. We brought in a good number. What however good number is defined by My listeners. That could be 12. It could be 1200. It could be 12,000. We’ve got a bunch of new first time donors. You started to allude to, you know, what’s your plan? What’s your plan for january? What’s your first recommendation for? What we’re gonna do with this, this nice rich cadre of first time donors?

[00:07:59.40] spk_0:
Well, my first recommendation is of course they didn’t within 48 hours to get a tax

[00:08:03.07] spk_1:
receipt. If it’s

[00:08:04.11] spk_0:
Over a certain amount that you need to give them a tax two

[00:08:06.41] spk_1:
$100, requires a receipt. How about your about just a simple acknowledgment letter

[00:08:20.04] spk_0:
Also, you start then you start with the next. So then depending on how much money they got They sent you, you need to figure out who they are. If it’s over $1,000, you need to send it to somebody to research somebody in your office or somebody you outsource it to. You need to figure out who this donor is and why they gave to you.

[00:08:34.84] spk_1:
Well, all right. But for some non profits that could be, if it’s over $100,.

[00:09:16.54] spk_0:
Yes. If it’s over $100, you might wait till January and take the whole batch and screen them. So we are now screening a batch for a social service agency in Connecticut and we’re screening uh $690 that gave From $20 up in the last two years now. It’s late that we’re doing it now. But you know, it’s better than nothing. So ISIS suggests that, you know, we have another client that we’re doing over the pandemic. They said they had 274 new donors who gave over $500. And we’re looking for people within that Group within that cohort who would give maybe $10,000. They actually have people, we just finished that project and they actually have people who would give them, not just $10,000, but $100,000.

[00:09:46.04] spk_1:
Okay. Okay. All right. Let’s take a step at a time. So We’re sending our acknowledgment within within 48 hours. And if the tax receipt is required, then you might incorporate that into your acknowledgement or you might send something separate. Alright. We’re saying thank you fast. Now, is there is there nothing else between, you know, suppose that’s in october or november, donor. Nothing else between that and screening them in january. Don’t we want to we want to be involved with

[00:10:41.94] spk_0:
them. Yes. Yes. So then you start then you start with the seven. Thank you. Then you start with the seven. Thank you because this person has given you a a donation and depending on their level of giving and the effort you have to put in. You start with sending them your annual report, your newsletter. Welcome email. Some some agencies have a three series of welcome emails. And so you do that. Maybe you send them a donor survey which they respond to and tell you what aspect of their uh of your program they are interested in. That will help you a lot uh to know you know, we have a social service agency. They do senior care, they do middle school education, they do uh other kinds of adoption. So now which program is that person interested in? They can tell you or you can find out given are based on when you do the screening and when you do the research, you will see what else they’re giving to. And that will give you a clue as to which part of your program they care about.

[00:11:03.94] spk_1:
All right, well, you also have a clue based on what they gave to. Yes.

[00:11:04.45] spk_0:
Yes. If if

[00:11:05.88] spk_1:
if you know a lot of people don’t designate a gift. I agree. I agree with you. But if they designate their gift to a particular program, then you know where their affinity is.

[00:11:14.69] spk_0:
Yes. And you know that in the database right away. Of course.

[00:11:33.44] spk_1:
Absolutely. Yes. It’s important to preserve what people give to. Just like. It’s important to preserve the donors survey results that you suggest? Absolutely. Okay. What what might be. What what might we be soliciting uh information about in that in that follow up donor survey? You want to get to know folks better

[00:12:47.54] spk_0:
which aspect of the program they care about how they heard of your agency. You know uh Would they ever would they attend a webinar? If if you had one would they be willing to travel and come and see your facility? Uh You know is there a particular staff person that you know they have met with or or they know about you know each each agency is different. So you would ask different questions based on what you want to know about them. Uh what would help you? So those would be for instance with this where there are three different uh we have an irish theater company. Well they would want to know which which playwright you know with their favorite if you’re a music or something you might want to know which music they care about. If you’re a medical agency might we used to send out service and say which disease do you want to know more about? So we can send you newsletters about that disease. So you know based on your interest based on your work. You ask the right questions.

[00:12:49.08] spk_1:
Okay. And you also mentioned the seven. Thank you.

[00:12:52.23] spk_0:
Yes

[00:12:53.93] spk_1:
I say a little more about your seven. Thank

[00:15:37.44] spk_0:
you. This is this is my mantra that I have been teaching. You know I’ve been teaching at N. Y. U. And also at Columbia and I teach workshops all the time. And this is one of my mantra that I teach. And now my students have started deciding it back to me. So and it seems like oh my God you’re going to say thank you thank you thank you. It’s not that you have to be creative. So you might send them the tax receipt which is the first thank you. And then depending on after that you might have uh the executive director writer. Thank you. You might have the development director writer. Thank you. You might have the program director. We have a little archaeological excavation. You know there are two main archaeologists, archaeologists involved with it. and depending on which one uh is uh you know closest to that person who send the gift. We’ll have them right appears on the on the thank you note which we draw for them for some people. I might call them and say you know because I’m in new york city I might call them to say thank you. I have received your gift. It’ll take a while for us to process it. But in the meantime I want you to know that your check was received and we’re so grateful and the excavation will start on such and such a date and we’ll send you pictures and this is our facebook page and you know communicate with them. Uh one of my friends uh sent her son to a boarding school and she sent a little gift where she’d been sending it to the local school all the time. But now because it was a boarding school, the parents suddenly she got a call from my parents really wanted, why is the parent calling me when she said, you know, I know you sent a gift and I wanted to tell you thanks from the school. But also I want to tell you that I was yesterday at the tennis match in which your son played and my son is captain of the team and he played so well and we were so proud of my goodness, do you think that lady is not going to give another gift after that? I mean it’s just brilliant and it wasn’t even a staff member. It was a volunteer. I have I have another agency this year. There was a crisis and people ask me and I happened to have insight into that particular problem. They said what should we give to? I said, oh, this is a great agency. I’ve been, you know involved with them as a volunteer for a long time. You know, they use the money very well. They’re doing really great work. They sent the money. I sent the money. None of us have ever gotten a thank you note. Now they’re doing the work. They have social media, they have facebook, they have Lincoln they have a blast. They’re sending us the, all the information about what they’re doing and we are so happy. They’re doing it. But they didn’t do God one Thank You. And one of the donors sent it from a donor advised fund. He’s got no thank you, let alone seven.

[00:15:43.44] spk_1:
It’s time for a break.

[00:16:43.64] spk_2:
Turn to communications. I’m on their email list and they said something this week. That’s very interesting. They talk about seeing good news stories on social media, uh, specifically linked in, in this case and the uh, frequent lament that people will, will comment that you’ll never find stories like this in the mainstream media. In fact turned two points out that many, many of these good news stories originated in mainstream media. Um, you know, some are, we’re in newspapers, others might have gotten exposure from national outlets like the new york times or CNN, or one of the major networks. But the point is a lot of these stories originate and in some mainstream media and then make their way to social media. So what’s that mean for you? It means there are a

[00:16:44.64] spk_3:
lot of journalists

[00:16:58.94] spk_2:
that are interested in good news stories that maybe just generate a laugh or a smile or it’s, it’s um, it’s more of a story about work that a nonprofit has done.

[00:17:02.04] spk_3:
So the journalists

[00:17:03.33] spk_1:
are out there.

[00:17:04.28] spk_2:
They are hungry for these good news stories. If

[00:17:06.79] spk_3:
you’ve got something

[00:17:07.85] spk_2:
like that.

[00:17:09.74] spk_1:
Look internally,

[00:17:10.74] spk_3:
if you’ve got some good news

[00:17:27.94] spk_2:
turn to, can help you get it noticed right, help you craft that good news story and then get it exposed in all the outlets you’ve heard me talk about. So they finish up this on this. I’m choking up. That’s, that’s how that’s how, uh, much this touches me,

[00:17:33.04] spk_3:
they finish up there

[00:17:58.64] spk_2:
their email by saying there are lots of journalists out there that are ready to give good news stories a look despite what you may read on linkedin. So, you know, they’ve got their eyes on the media market. Turn to communications. Your story is their mission turn hyphen two dot C O. Now back to next year’s plan for your year end donors.

[00:19:01.14] spk_1:
Yeah. I mean, that’s that is a very bad practice To have gone. Well, you know, some folks say 24 hours, you’re, you’re being more generous 48 hours, that’s still fine. But If it goes much longer than that and you’re, you’re saying it’s been months or whatever, you know, that, uh, to not acknowledge every single gift, I don’t care if these are $3 gifts. I don’t care if the dollar and a half. It still deserves an acknowledgement. You just never know. Someone might be testing you with a small dollar amount and really who gives a dollar and a half anyway, so that, that’s, you know, that’s a hyperbolic on the low end, right? Uh, but if someone gives you $5, they might be testing you, they might have capacity to give 5000 or 50,000. They may have capacity. They may feel whether they can’t or or they know they can, but they’re they’re trying you out every gift deserves acknowledgement. So when you were just describing that’s very poor practice.

[00:19:08.04] spk_0:
Well, unfortunately, the excuse is that they are because they’re doing such good work. They are understaffed and their non profit. So they don’t have capacity.

[00:19:34.24] spk_1:
That doesn’t, that doesn’t sell. That’s a that’s a nonstarter. You need to invest in your organizations to the extent that you can thank people. Thanking people is not overhead, It’s not worthless. It’s it’s an administrative investment. It’s not an expensive, it’s it’s an investment in the relationships that you’re talking about. You mentioned earlier, you know, absolutely relationship building, if that’s an investment thanking

[00:21:02.24] spk_0:
people. Absolutely, and and that’s how one needs to think about it. And and you know, the board members, the staff, the executive director, everybody needs to be aware that how important this is. Now, another thing that people ask us a lot is we got a gift from a donor advised fund and we don’t have any access to the donor. So we don’t know how to thank them and we want to know who they are, what they are and you know, they’re freaking every sort of possible way of trying to google it to trying to get us to do it. This is so simple. This these these two donors who gave to this charity that gave through the donor advised fund that I know about, they are friends of the board members if they put a list in front of the board members and said, you know, we got a gift from. So and so family fund and unfortunately we don’t know how to thank them. They said that maybe they sent a thank you note to the to the donor advised fund agency. Somebody would speak up or you look in your database and say, oh, they came to the gala. This is the same person who came to the gala and sat at, you know, board member access table. So he’s gonna know this person. So let’s tell him that your friend gave us a gift even though there was no gala, even though there was just a virtual gala and he still gave us a gift. He didn’t even sit at your table.

[00:21:24.64] spk_1:
All right. So those, right. Those are, those are good ideas. But there is frustration among, among nonprofits getting donor advised fund gifts when you know, okay, so you’re right, try try your board query your database. But there are gifts that come that sometimes that folks can’t identify and that I know that is a frustration among nonprofits.

[00:21:56.24] spk_0:
Yes. But you know, more and more people have who have set up donor advised funds want people to know who is giving. It’s, it’s less and less about being anonymous. Now, people are going back to setting up foundations or entities from which they can give, uh, and be known and they want that because they want to add their credibility to the gift. They want people to know that a person whom they know give to this charity because it helps the charity.

[00:22:28.74] spk_1:
It does. Right. But there are, there are donors who would not agree with you. But I do, I agree. But there are always some donors that are going to remain anonymous. And I mean, I’ve always thought, you know, focus on the donors who you can identify. I understand the frustration for those. You cannot, they may come to you through a facebook fundraising event and facebook doesn’t share the information. They might come to you from a donor advised fund. That is not a name that you can track, uh, focus on the folks that you can thank and for the donor advised fund. Of course we should be sending a letter to the fund. Right, thanking asking them to forward the letter onto the anonymous donors.

[00:23:12.94] spk_0:
Exactly. And they would, I’m sure the same donor, the same donor, the friend of mine that gave because I said, oh, this is a good charity could give to them. It’s also sent to another charity in the same space. And he got his seven. Thank you. He actually told me I got seven. Thank you. So, he said, you know, the development director wrote, the executive director wrote the board member wrote, they sent him an annual report. You know, they invited him to an event. They sent him different things. You know, I mean reports, personalized. Yeah. All right. I mean, you could take a little video and send it to the person, you know, that you can do

[00:24:18.44] spk_1:
personalized video is a terrific idea. Um, I’ll give a shout out to a company that’s not expensive. Bond euro bongiorno dot com, bong boro easy personalized videos. You shoot a one minute video and you say thank you. And you can, you can be walking, you can have any background you want to know the production value is not the concern, sincerity, The genuineness. That’s the concern. And you do it in a 45 seconds or one minute video. You sent it right back to the right to the person. You can do it immediately. You could do it the next day. So, and Bongiorno is by no means the only personalized video platform out there. But Um, yeah, you’re right. Personalized video is a good one. all right. So you mentioned these screenings. So now we’re now we’re a little longer on now. We’re into January. Right? We’ve done our activities for the fourth quarter. Now we’re conveying into January. What kind of information uh, you’re looking for in a, in a screening. Does it have to be a commercial screening? You know, what are we,

[00:25:09.24] spk_0:
what are we looking at? You could, you could do research or you could just go for a screening depending on the number of donors. If you have seven donors, you know, you just give them to somebody to research who has tools like screening tools and research tools and ask them to do it for you and that’s all you need, You don’t need a sophisticated screening. But if you have 670 donors or something that I knew and they were given maybe over $20 or $50, then you certainly should have a screening down. But don’t try to do it yourself because then when you get it back, you have this information and you have no idea what to do with it because there are mismatches in the screening. It’s an automated process. There are mismatches in the screening. You know, there’ll be a lot of tony-martignetti is and Putin presides in there and you have to make

[00:25:30.54] spk_1:
sure that I don’t know if there are such good examples who not pursued and tony-martignetti are not very common names, but there’ll be a lot of there’ll be a lot of smith’s and uh smiths and joneses et cetera. Okay.

[00:25:32.68] spk_0:
Yes. And and you know you being me is how many food and presents? All

[00:25:39.12] spk_1:
right. There aren’t too many tony-martignetti is I would be surprised.

[00:25:50.84] spk_0:
Okay. In fact it’s more confusing when there are only two or three because then you really begin to think this is your person and then it turns out it’s not your person.

[00:25:53.14] spk_1:
Right? Okay. So you’re you’re you’re caution against doing it on your own or I mean if you’re going to do it on your own. You said if you had just seven or so. You know, you’re not gonna hire an agency for that. But you just, the point is you need to be careful that you’ve got the right person

[00:26:08.50] spk_0:
right? Like checking,

[00:26:10.24] spk_1:
check middle initials, check addresses, check whatever you do know against what you found to make sure you’re, you’re dealing with the right person.

[00:27:04.64] spk_0:
Well, you can, you can outsource, you know, a little bit of work every month with somebody with some research firm. We do that all the time. Uh, you know, it’s not that we do it all, you know, in one go and finish. You know, we have like an arrangement where if somebody new comes in, gives more than $1000 get more than $500. Whatever matters to them, they send it over to us and we screen them, research them, give them back information on that person. Okay. Okay. But it’s geared to small agencies. It’s geared to small agencies so that, you know, because otherwise what happens is the Harvard University’s and the big, big who have seven researchers get all the big donors because they have the tools and they have the staff. So you, you do need to implement some of the techniques that the top fundraising organizations you

[00:27:13.64] spk_1:
mentioned, you mentioned before screening and research tools there, are there some out there that you can suggest that folks can use

[00:28:02.94] spk_0:
on their own. Yes. You could, you could make a substitution with with something like ivy or donor search and try to do some work on your own. You could look at the, you could look at the linkedin profile of the person. If you know, you know, I mean small simple things. You could google them of course. Uh small things that you know, you could look at if you know where they work. You could look at the bio most law firms have the lawyers while on on the website many firms have the, you know, employees, bio senior employees bio doctors. There are free sites for looking at doctors to see what kind of specialty does the doctor have. Is it something that’s relevant to my cause?

[00:28:05.45] spk_1:
Yeah. Good. Alright, right. If you can find the person’s company firm that they work for or practice. Okay. And you mentioned I wave and donor search.

[00:28:31.94] spk_0:
Yes. These are subscription services. So you have to pay a little bit uh, you know, usually it’s in your subscription and you can check out your donors through that. And the aggregate information of other gifts that the organization has received. Other organizations have received from the same donor. Okay. Right. Right.

[00:28:37.14] spk_1:
Other charities that the person is given to us. So then you start to get a little profile of person. All right. So you can have

[00:29:03.54] spk_0:
to be careful because of the person your donor is in new york and the person, a person with the same name is giving in texas, you have to be careful to see why would my donor given texas? Maybe it’s another person or maybe he went to school in texas and he is giving in texas. Or he’s giving to a senior center in texas because my daughter has a mother there who’s in that home. So you know you need to be a bit intelligent about.

[00:29:30.84] spk_1:
Yeah right with that. With that caution you gotta you gotta that caveat. You gotta be uh certain that you’re dealing with the right person. Otherwise you’re going down you’re gonna start talking to the person about their gifts to texas. And they’re going to say I don’t know what you’re talking about and then then you’re gonna be embarrassed. So all right. All right. Um Okay so screening is a possibility. Good. You can engage your company. You can do some on your own. What what what what are we gonna do from what we learned from our screening now? What?

[00:31:54.44] spk_0:
So there’s the thing I mean you know we do research where research for and we send research to our clients. The question is how do you read this research? What does it mean to you? What what is the interpretation you get out of a research report on? Suppose we write a little bio on this person. So what what what what is the strategy that comes out of this research. So the first thing that indicates higher giving is age. So anyone over the age of 60 or 65 has more disposable income. They paid their mortgage, they probably paid their children’s college education. They’re beginning to think about their own, you know, legacy and they’re beginning to give more generously. So 60, you have a better chance of getting a higher upgrading their gifts before that. People are still on that little hamster wheel, you know, increasing their mortgage, buying a little bigger house, sending their Children to a better school. You know, getting them into college, they just often do not have time unless they are very community minded and they might give to their local community or their college or things like that. But but they become more Uh philanthropic, more generous generally after the age of 16. Now, there are always exceptions. The other thing there are a lot of people look for as you know, being in plan giving is people without Children, because people without Children do not have that usual legacy is, oh, I’m leaving good Children into the world. Yeah, that’s great. But when you don’t have Children, you have to really think, what is it that I am leaving? What footprint am I living in this world that I lived and who benefited because I lived And those people take a little more care and thought and and usually we’ll try to make an impact in a different way and you can help them do that and make them happy. And you know, there there’s a lot of studies that say people who give are happier people who give actually benefit more from their gifts than the person receiving. So it’s at that age, particularly when you have that reflective time for reflection that we see better gifts.

[00:32:02.64] spk_1:
It’s time for tony steak too

[00:32:59.84] spk_2:
planned giving accelerator. I’m starting the promotion again this time for the January 2022 class, I have accelerated the accelerator. It’s no longer a 12-month course. It is now a six-month course. I will teach you step by step, Everything that was in the 12 month course, but we’re gonna, we’re gonna step it up six month course. I’ll teach you everything you need to know about starting your planned giving program and you’re not only learning from me, you’re learning from your peers, folks who are similarly situated, they’ve got the same frustrations, they’ve got the same tensions bandwidth constraints as you do. You learn from them, They’re your, they become your friends, your allies, your safety net in planned giving accelerator. So if you want to get your plan giving program started,

[00:33:03.14] spk_3:
You want to start in 2022,

[00:33:05.64] spk_1:
you can start

[00:33:06.28] spk_3:
with plan Giving accelerator. I

[00:33:19.34] spk_2:
hope you’ll join me. All the info you need is that planned Giving accelerator dot com. That is tony stick to, we’ve got boo koo

[00:33:20.86] spk_1:
but loads more

[00:33:21.61] spk_2:
time for next

[00:33:23.10] spk_3:
year’s plan for your

[00:33:24.59] spk_1:
year end donors,

[00:35:46.14] spk_0:
then there are other things like education for one thing, if you know the education you can no other people who went to that school. So maybe you can have them go on. Maybe have a board member went there so you can build a relationship more strongly. But also of course education indicates more disposable income. So you begin to see when you build a profile of the person you say, oh well they went to the school from that area, They studied social work or they studied history or that tells you something about what they are interested in. Right? And then there’s the question of, Although I said that people who don’t have Children, you know, are very sought after by plan giving professionals, on the other hand, people in their lifetime are more generous who have Children over the age of six Because they’re trying to inculcate good values in their Children. They start to see the value of a community. So there are studies that show that people who have Children over the age of six, there could be 6-18, they could be 18-24. But a family unit, a couple usually has more disposable income. It could be a same sex couple or a heterogeneous couple. But the heterosexual couple. But the point is because there are two incomes in that family, they usually have more disposable income. So so that that’s important when you see that. So those are little things that you’re looking at. And then of course there’s the interest, what else they give to, You know, how old are they? Was it their parents that also gave to this charity or this type of charity? I have a I have a friend and he gave to a university music program. And I said to him, why do you give, you didn’t even go to that university? Why are you giving to that music program? He said, well, I became friends with the dean. They invited me to an event. I went on a trip with them to Austria to listen to classical music. And he said in the end, you know, my father died when I was very young. And the one thing I remember is sitting on his lap when he played the piano. So the piano music to him was, and he doesn’t have any Children. So, you know, that’s what makes him happy giving to students who play the piano

[00:36:20.23] spk_1:
reminds us of course reminds him of his dad. And he hopes that that uh those young students will have Children of their own and their those Children will sit on their laps the way he sat on his dad’s lap. All right. Those are good. Those are, those are valuable insights that we can, we can get from uh, that we that we can get from the screening. So now going back to what you had suggested earlier when you said get them to know you and let them get to know, uh, sorry, get to know them and let them get to know you. So how do we do the second part of that now that we have this information, valuable insights? How do we let these new donors get to know us?

[00:37:37.13] spk_0:
Well, we talked about the series of three emails that welcome them. We have invitations. Uh, and of course in this environment, maybe you can’t invite them so easily, but you could still send them a video. Now. We had a homeless, uh, organized agency for homeless people last year that we were working with. And they sent out a video of their new building and somebody sent them $25,000 just from that video because it was the Executive director going through the building and saying, you know, we had such hopes for this building. We finally got it built. We’ve got all these people were going to bring into this building and the person was so touched. He was also a senior citizen. He had money. He felt like, oh, let me help. There are other people out there my age who do not have housing. And here is somebody who’s an agency that’s providing it. And that video, you know, a small video that they didn’t even actually seriously ask for money in it. They just said, and if you’d like to, you know, there was a little bit and

[00:37:44.23] spk_1:
well, it it touched it touched somebody. Well, video can do that. It’s powerful that way.

[00:39:16.22] spk_0:
All right. And of course a tour with the executive director. So you’re really getting to know the person, you know, face to face. So as best you can in this environment. You know, it’s a trusting relationship. So by video you’re seeing them as best you can. The other thing is of course you could set up coffee with them and people are much more accessible now because they’re not going out. So people are taking calls even if they are not. Yeah. In where at home, they’re still taking calls from wherever they are. They’re doing zoom with you. They want to be conducted. All of us are starved for human contact. We took these things for granted. And now suddenly we realized how valuable our community is. You know, I walk out, I’m an anonymous new york city right where nobody really knows anybody and you walk on the street and nobody should recognize. You know, it’s not like that anymore. The moment I walk out on the street, my neighbors are standing out there, they’re also walking. There’s no nowhere to go and nothing to do except to go for a while. So they’re all out there walking and they all suddenly know each other. So you realize how important your community is. So do you think that the area neighborhood association and things that are being done in our neighborhood are getting more attention. Sure, more people are planting, helping to plant in the parks, more people are helping to give to the local community association. Suddenly that’s becoming more important. So something that’s good for the small agencies.

[00:39:18.39] spk_1:
So engagement, Yeah. Uh, engagement at whatever level it might be something communal and community and in, in face to face,

[00:40:10.61] spk_0:
yes, might be something come and paint a mural on your wall of your, you know, of your agency. We have a, a friend of mine runs a clear art center community, you know, they make pottery, they got the local artists together to come and paint the wall even urine Corbett, they could still do that. You wear your mask, You come and paint the world their artistic. So you could plant flowers in your garden, invite them to do that, invite them to do outdoor things in the local park. You could have a gathering of rooftops. People have been doing gatherings or some of our clients have been doing gatherings or rooftops whatever you can do outdoors, especially in the summer. And then also we were talking, well, we were

[00:40:14.43] spk_1:
talking about january, but that’s okay. Well into spring

[00:40:55.71] spk_0:
now january, you could do a lunch and learn, which is a good time to do a lunch and learn. And that also gives you an information back because the people who attend, you do the lunch and learn on different programs and people sign up based on the interest. So then, you know, well this donor signed up for this lunch and learn on this program. So obviously that’s what they care about or they might write to you and say I didn’t, I really wanted to attend this, but I couldn’t. So you send them the recording of that lunch. That’s another, uh, value of having something which is recorded, which you’re doing on zoom. You can record it like, just like your radio programs, tony

[00:41:15.11] spk_1:
I’m a, I’m a big fan of big fan of audio. I think it’s very intimate medium, yep. All right. So we’ve, we’ve, we’ve thought through our engagement, it might be something in real life. It might be something virtual. I love. I mean, you gave a lot of good ideas. Um, now we need to plan for the next solicitation.

[00:41:21.53] spk_0:
Now

[00:41:49.61] spk_1:
we’re in, we’re in like the third quarter of 3rd quarter of next year and it’s coming time to solicit the person again. They made a year into gift this year. So we’re going to presume, but they’re, they’re going to do the same. Let’s exclude the folks who maybe became major donors and they’ve got a relationship now with a gift officer. We’re not, we’re not at that level. Uh, we’re dealing with the larger group. We’re planning our fourth quarter. What should we be thinking about in terms of possibly upgrading or should we not try to upgrade in the second year. What’s your advice around planning that, that second year solicitation?

[00:45:27.39] spk_0:
Well, another thing that we never spoke about and some of my clients and colleagues will be very upset if I don’t mention it is creating a giving circle. So you could have, if you have enough donors at certain levels, you could try to upgrade them by creating a council, uh, you know, giving society, you know, so, so somebody who gave 500 you could give them an incentive to upgrade to 1000 because when they’re at 1000 they’ll get such and such benefits. You know, they’ll meet somebody that they care about or they’ll get a painting or they’ll hear a concert or you’ll have some event just for them. So, so you’re constantly upgrading those who gave 500 to 1000, those who gave 1000 to 5000, those who gave 5002, 10,000. So, so a little theater client is probably going to say, oh, you know, uh, famous irish actor is going to speak with 10 of you and you only get invited to that if, if you give, you know, a little bit more than what they were already given and that and that creates a cohort of people. So they have a little sense of community because that giving society is going to meet, um, we have the example of a museum that was up. It’s a very famous glass museum called the corning Museum of Glass and it was very well supported by the corning company. But the corning company went through some very tough times and so they needed private support during that period. So they started with a giving society where people came up, they went through the museum, they were passing by on their way to Niagara Falls or they were interested in glass or whatever and they were told that if you give this much that’s great, we are very grateful. But if you give this much you’ll be invited to an event the opening of our show and guess what? We’ll fly you up in our private plane because corning had the private plan and you won’t have to drive all the way you know from new york city well and and that was something the company could no longer support the museum financially. But they had this plane which flew up with their executives and I was such a such a cashier to to fly up in the blind drain, arrive at this museum, attend this beautiful event on roman glass with food from roman times and then have the director of the museum walk you through the show. I said one of the most beautiful things that you know, I was a stuff remember trying to attend this and I thought I was wowed and and so you know you can be creative with almost anything you could if you’re a social service agency will say well I can’t do that well you know you have people in your community who will come out and provide their celebrity help to you. So you could still have somebody do a little concert or somebody, somebody from your community who’s a wonderful singer musician or something. And and it may be not relevant, but maybe their daughter was helped by your uh, you know, educational charity or their mother was served by your senior citizen center. They will do things for you. There was a person who used to come and play the piano at a senior citizen center in uptown all the way up, you know, above the Columbia University is in Morningside

[00:45:30.03] spk_1:
Heights or something, riverside

[00:46:01.08] spk_0:
riverside riverside. Yeah. You know, they’re above Colombia where the cloisters, the museum is there and nobody knew who this person was. But when we looked him up, he was a very famous pianist who used to play at the Carlyle and his mother was in the center. And so he would come up and perform. And so we asked him if he would perform and he did a concert and Steinway hall for us because he was a famous man and there are little treasures in your community. You just have to find out about them. There are little gems floating around.

[00:46:14.68] spk_1:
All right. So you like the idea of incentivizing folks to give a little give more, Even even in the 2nd year. So they were they were our, it was first year was last year. Now we’re planning for the next year incentivize them to increase even in that just in that second year. Yes,

[00:46:46.98] spk_0:
yes. And they will because you’ve been talking to them, you’ve been engaging with them in different ways and, and maybe some of them will become, you know, much higher level donors because for small agencies, a small amount can make a big difference. There is if they gave that small amount of a much larger organization, they can’t give them that personalized attention and it’s not going to make, its going to be a drop in the bucket.

[00:46:52.58] spk_1:
Yeah. There are those folks who will be more will be more generous

[00:46:56.35] spk_3:
to smaller agencies

[00:46:57.35] spk_1:
because they get a lot better treatment. They have more fulfilling relationships with a smaller organization than they would at an organization where their gift was

[00:47:07.88] spk_0:
not in their communities. They, you know, they feel closer to it.

[00:47:14.38] spk_1:
Okay. Alright then. Um, why don’t you leave us with some final thoughts please?

[00:47:54.88] spk_0:
Well, just remember about the leaky bucket. You know, it’s a, we all grew up with that song. There’s a hole in the bucket, realize a dear Liza. So just remember you are not going to let your bucket leak. You’re gonna make every effort you can to get those the donor who’s gonna fall through the cracks, Give him as much attention as I say lavish movie cultivation, whatever tactics you can think of. Whatever relationship building and getting to know you uh, thoughts and strategies that you can come up with, have a plan, learn about them and let them learn about you.

[00:48:16.47] spk_1:
Excellent. I’m gonna look, I’m going to remind myself uh refresh my memory about there’s a hole in the bucket, dear Liza, dear Liza what do we do something like? What do we do? All right, thank you. Hernan Prasad founder and president Prasad consulting and research. The company is at prasad consulting dot com and she is at Prasad C Thank you very much. Program.

[00:48:24.37] spk_0:
Thank you Tory pleasure to talk to you.

[00:48:27.07] spk_1:
My pleasure as well.

[00:48:30.77] spk_2:
Next week engaged

[00:48:31.62] spk_3:
boards will

[00:48:32.58] spk_2:
fundraise with Michael Davidson and brian

[00:48:55.77] spk_1:
Saber from asking matters if you missed any part of this week’s show, I Beseech you find it at tony-martignetti dot com were sponsored by turn to communications pr and content for nonprofits. Your story is their mission turn hyphen two dot c o. Mhm. Our creative producer

[00:49:26.17] spk_4:
is Claire Meyerhoff shows social media is by Susan Chavez. Mark Silverman is our web guy and this music is by scott stein, thank you for that. Affirmation scotty you with me next week for nonprofit radio Big Donald. profit ideas for the over 95% go out and be great. Mhm

Nonprofit Radio for July 26, 2021: 12 New Donor Qs & Train Like A Champ

My Guest:

Andy Robinson: 12 New Donor Qs & Train Like A Champ

It’s been so long since Andy Robinson was a guest, we need to cover two topics together. First, a dozen potential questions to ask your donor who just said yes to a gift. Then, his advice to up your game as a trainer and facilitator.

 

 

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Every nonprofit struggles with these issues. Big nonprofits hire experts. The other 95% listen to Tony Martignetti Nonprofit Radio. Trusted experts and leading thinkers join me each week to tackle the tough issues. If you have big dreams but a small budget, you have a home at Tony Martignetti Nonprofit Radio.
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[00:00:03.84] spk_2:
Hello and welcome to tony-martignetti non profit radio

[00:01:57.94] spk_1:
Big non profit ideas for the other 95%. I’m your aptly named host of your favorite abdominal podcast and uh oh I’m glad you’re with me. I’d be stricken with idiopathic thrombosis. radio Penick purpura if I didn’t know why you bled me with the idea that you missed this week’s show 12 new donor questions and train like a champ. It’s been so long since Andy Robinson was a guest. We need to cover two topics together. First a dozen potential questions to ask your donor who just said yes to a gift. Then his advice to up your game as a trainer and facilitator, tony state too podcast pleasantries were sponsored by turn to communications pr and content for nonprofits. Your story is their mission turn hyphen two dot c o. And by sending Blue the only all in one digital marketing platform empowering non profits to grow. tony-dot-M.A.-slash-Pursuant in blue. It’s my pleasure to welcome back Andy Robinson to nonprofit radio he provides training and consulting for nonprofits, businesses and government agencies. Over the past 25 years. He’s worked with clients in 47 states and Canada. He’s the author of six books including train your board and everyone else to raise money at train your board dot com. His latest book is what every board member needs to know do and avoid Andy is at Andy Robinson online dot com. Welcome back Andy,

[00:01:59.32] spk_0:
it’s great to be with you. Thank you for having me today,

[00:02:08.54] spk_1:
absolute pleasure. I just want to make sure that listeners understand you were on the show just a couple months ago, May Talking about boards and financial uh financial analysis and data. But that was a replay from 2012,

[00:02:16.81] spk_0:
right with my colleague Nancy Wasserman and she and I did a different book together about that topic.

[00:02:27.94] spk_1:
exactly. Uh and so it’s been since 2012 that you were on the show, so it’s time to catch up and do uh do these two topics together.

[00:02:32.54] spk_0:
I missed you. tony

[00:02:33.84] spk_1:
Oh, you’re terrific. Thank you. Up in Vermont, See see what a humane people we have up to Vermont. Yeah,

[00:02:41.76] spk_0:
I hope so. Um anyway, I’m pleased to be back. It’s an honor to talk with you. It’s an honor to be with your listeners and thank you for inviting me.

[00:03:00.24] spk_1:
My pleasure. Um Does it annoy vermonters that everybody who doesn’t live in new Hampshire, Vermont or maine confuses new Hampshire and Vermont?

[00:03:16.34] spk_0:
Um A few people get annoyed by that. Um The cultures of the two states are somewhat different and the politics of the two states are somewhat different, but they have a lot in common, and certainly there are many people who commute back and forth and have friends on both sides of the Connecticut river. And so I wouldn’t sweat it.

[00:03:21.64] spk_1:
You’re not. Is that is that the Connecticut river that divides

[00:03:23.86] spk_0:
it? Yes, it is.

[00:03:25.64] spk_1:
Yes. That’s

[00:03:25.90] spk_0:
the kind of the river you

[00:03:26.99] spk_1:
pick up geography on probably. So you’re not among the vermonters. That is upset by the

[00:03:50.54] spk_0:
I am not and I’ve been here about 20 years. So it is my adopted home. Um much as you, you know, are living in an adopted home. So am I? So I can’t even claim the title vermonter. Um I would like to, but the locals are a little, you know, Vermont or is someone who’s been here for multiple generations. I’m gonna

[00:03:51.34] spk_1:
be generation. Yeah,

[00:03:52.59] spk_0:
it’s a generational thing, but it’s all it’s all good. And I I love living here and I’m grateful every day to be here.

[00:04:23.74] spk_1:
Wonderful. Alright, so thank you for for letting those of us who make that mistake off the hook. No worries. It’s the same as the Kentucky Tennessee dilemma. All right. 12 questions. So we’re starting off with 12 questions that you might potentially ask a new donor. Someone who has just said just said yes to a gift and your first one is how would you like to make your payments?

[00:06:16.94] spk_0:
Yeah. Right. Um and you know, I mean it’s it can be awkward because it’s we’re having this deep conversation about why do you care about this work and how do you want to participate and what would feel significant to you? And and then we have to at some point get to the logistical question of are you writing me a check and by sending you an invoice? Are we doing the credit card, you making uh installment payments to fulfill this gift? And so yeah, I think that has to be one of the questions is how would you like to make payment? And a classic solution to this is to bring a pledge form with you. So when the donor says yes you pull out the form and it includes things like how do I spell your name and how do you prefer to be contacted with me? Um Do you like email? Do you like a personal phone call? Should I come and meet with you once or twice a year? Like how do you want to engage with us? And then also there’s the payment question like are you writing the check and by sending you an invoice we’re doing installments, all those sorts of things and you know I will do a little shout out to my colleague Harvey Mckinnon who I suspect has been on your show at some point and and Harvey is an international consultant. He and I did an article about this together that I think first appeared in the Grassroots fundraising journal Once upon a Time. So he’s he’s the co author of this content. Um, but I bring it up because he’s like the international guru of monthly giving, and he will never let the moment pass without saying, you know, would you consider making this a monthly payment model? So for folks who don’t know, this is the sustainer program model where people make automatic monthly payments on their credit card or directly from their bank. So that could be one of the questions are you a monthly donor? If not, would you like to be, is that a way to fulfill this commitment? So, yeah, how how do you want to pay? Is one of those questions? Yeah, sure.

[00:06:38.24] spk_1:
Well, right, because we don’t want to I don’t wanna be so excited by the by the yes that we we shake hands, we hug and then we rush out the door. You know thinking if I stay longer they might change their minds. And then we don’t get to the details of you know right, what what can we expect? I mean you gotta this is this is a business here and let’s acknowledge from you just got a commitment for someone to invest in your business. Yes. Was that investment going to come through?

[00:07:05.64] spk_0:
So we have to be to use the wrong word here. We have to be shameless about that. And at least you know we have to be forthright and say okay this is awesome. You have just made my day thank you for saying yes. I am so appreciative how do we do this? How do we transfer the money? I mean maybe it’s stock option, right? You know, I mean there’s a lot of ways that people can make payments, So yes, thank you for naming that Tony that is one of the 12 questions for sure.

[00:07:10.42] spk_1:
Of course. Well we’re gonna we’re gonna take them off.

[00:07:13.18] spk_0:
You have, do you have them in front of you?

[00:07:14.94] spk_1:
I have a list, yeah,

[00:07:16.11] spk_0:
yeah, great freedom to me.

[00:07:18.14] spk_1:
Look at this, the guy who wrote the article with Harvey, by the way, Harvey Makin has not been on the show, if you’re recommending,

[00:07:22.64] spk_0:
I will hook you up with Harvey because he’s very good storyteller and his thoughtful and entertaining and very smart.

[00:07:29.04] spk_1:
So the guy who co authored the article, you don’t have it in front of you,

[00:07:31.94] spk_0:
um you know, I I should have it in front of me,

[00:07:34.50] spk_1:
but I think you know, make you tick off as many as you can see

[00:07:37.46] spk_0:
why don’t I do that? Why don’t I try and why am I try and remember them and then you can feed me the ones I’ve forgotten

[00:07:43.52] spk_1:
what I already gave you one. So if you don’t get credit for that one.

[00:07:46.92] spk_0:
Yeah. Well you know what happened and this is full disclosure and you’re probably your audience doesn’t need to know this. But I pulled up the wrong slide deck this morning as my cue. Oh I thought we were talking about succession planning. Oh questions. Oh well let’s see if I can.

[00:08:00.16] spk_1:
I thought the host of this show was lackluster.

[00:08:03.43] spk_0:
Yeah. Well

[00:08:07.44] spk_1:
I’m rare that we have a guest who’s been less prepared than

[00:08:08.71] spk_0:
I will

[00:08:10.54] spk_1:
we will bring this together, put you on the spot giving you once you

[00:08:25.64] spk_0:
have given me one so you won’t get them in any particular order. But I’ll do this remembering and that’s fine. I’ll give you one of my favorite questions is will you give us a testimonial about why you give

[00:08:32.24] spk_1:
that counts? I’m checking that one off. Thank you about that one. Well we’re not we’re going to see how many you can remember through the, through the discussion. I think

[00:09:13.34] spk_0:
that’s fair. Why, Why I like that one is two things first of all and you know, tony You know this your longtime fundraiser, the most powerful fundraising is a peer to peer, right? It’s one donor talking to another donor and this is a way that you can get one donor to literally talk to another. This is why I made a commitment and you know, can I put it on the website? Can I put it in our printed materials? Is something I could share on social media? How can I use that? Um, Okay, a related question is, tell me more about why you make it you chose. Yes. Like, tell me a little more about, you know, you just made a big decision. I’m I’m moved. I’m pleased to say more about this commitment. Why is this meaningful to you?

[00:09:57.44] spk_1:
What is it about our work? That’s right. And, you know, that some of these may be subsumed in your ongoing conversation about the gift. I mean, you know, so, as you’re talking, that’s fair, as you’re talking about books about making a gift, you know, it’s not it’s very rarely in my experience, a one shot, you know, you ask, and then they say yes or no. I’ll think about it there use conversations. So, you might very well, first of all, you might already have known what they love from their previous giving. But through your conversations about this particular gift, you might find that out if you didn’t already know. So you might not have to ask afterwards right already.

[00:10:12.54] spk_0:
I think a good discovery conversation with donors leading up to the ask is going to reveal at least some of these questions and answers. I think that’s fair and not everybody is that thorough or thoughtful in their cultivation and their discovery with donors. And so if you don’t have a clear answer to that question, you want to know that

[00:10:56.74] spk_1:
it’s time for a break. Turn to communications, The chronicle of philanthropy, The new york Times, The Wall Street Journal, UsA Today stanford Social Innovation Review, the Washington post, the Hill Cranes, nonprofit quarterly Forbes Market Watch. That’s where two and two clients have gotten exposure. You want exposure in outlets like those. Turn to has the relationships to make it happen for you turn hyphen two dot c o. Your story is their mission. Now let’s go back to 12 new donor questions and train like a champ.

[00:11:54.24] spk_0:
This also relates to one I already mentioned. Which is what are your communications preferences? Like how should I stay in touch with you? Should I send you email? Should I send you a newsletter? Do you like the occasional phone calls? Should I take you to lunch? Um, how often? And you know, a related one. This is a little awkward and I would save this for the end, but I’m bringing it up now is what’s your given calendar? Like how often may I ask you And the, the assumption we have with major donors And I’m putting air quotes here for folks who are listening. The assumption we have is that they are once a year donors, you know, typically at the end of the year and we do the cultivation and we try to close the gift at the end of the year. And I just want to say that everybody is different. And you know, here’s an old quote which is if you know one donor, you know one donor and there’s this strong tendency to sort of extrapolate to everybody. All donors behave like this. And it’s not true.

[00:12:02.20] spk_1:
So

[00:13:10.64] spk_0:
the way I might frame this is I might say to somebody, what’s your given calendar? Are you typically a once a year kind of person or if I have a special need or an emergency? Can I come to you additionally, how does that work for you? How do you think about your giving in that way? Um, another question, especially if you’re dealing with older donors, um, for those who can’t see us tony and I both have a lot of gray this call today. Yeah, that’s all right. No, no shame in that. Anyway. If you’re if you’re dealing with older donors, one of the questions I would ask is, um, does your family know about this? And the next time that I come back to talk with you, can we have some of your kids or heirs or family members in the room so we can all discuss together why this work is meaningful to you? Because I don’t want just one donor. I want generations of donors, Right? And if dad is in for mom is in front of the kids saying this is important to me. Here’s why. And we’re trying to add to our donor list and also continue this donation after that donor has passed on, then it’s good for the family members to know why this is a priority for the person who’s making the gift

[00:13:15.70] spk_1:
interesting. That’s an interesting one. You’re sort of leading into a plan giving discussion.

[00:13:19.98] spk_0:
We are

[00:13:27.74] spk_1:
and the interesting, yeah. Trying to get the parents to engage their next generation. Their

[00:13:50.04] spk_0:
kids share their philanthropic priorities with their Children, you know, and if you have, if somebody has a family foundation and the kids are on the board, I mean this is already happening, but most donors don’t. Right. Um, so I I yeah, that, I mean that’s one that sort of surprises people because a lot of people don’t think of that one, right? It’s like, who else? Um, another

[00:13:51.15] spk_1:
Live by the way, you’re at five out of 11 so

[00:13:53.10] spk_0:
far. I’m rocking and rolling here. Um,

[00:13:55.15] spk_1:
you’re you’re in a street f so far, but there’s still time, there’s still time.

[00:13:58.83] spk_0:
Doctor tony cut me some slack here early in the

[00:14:02.29] spk_1:
co author of this thing. I’m okay if I get harvey mckinnon on the show and you can’t name more than five or six of these,

[00:14:09.94] spk_0:
I’m just getting warmed all

[00:14:10.36] spk_1:
you out when I when I when I have them on.

[00:15:32.74] spk_0:
Okay, so here we go. Another one is will you come to our board and talk to our board about why you give and you know, we’re gonna talk about board training in a few minutes. That’s, you know, our second topic this morning. But um, I do a lot of work helping board members embrace fundraising. It is like the number one piece of my work for years and years and years and part of the barriers. People have this idea that donors are a different species or they come from a different planet and like, I don’t know any donors. I’m the one who gives money all this, all this stuff. Right. We’ve all heard at any of us who are consultants who work with boards have heard these tropes all the time. And I think it’s sort of fun to pull together a donor panel of three or four of your most loyal donors and they don’t have to be the wealthiest donors. I mean, maybe it’s, you know, the classic little old lady who’s been giving $50 a year for 20 years and you invite three or four of them to a board meeting. You say the 1st 20 minutes of board meeting, we’re just going to do Q and A. And we’re going to hear from some people who love us and give us money and have them talk about why they support our work. And this is transformational for board members because they realize they love us, right? We do good work, people care. They want to be part of this, right? So will you come and share with our board why you give and why this is meaningful to you? Um,

[00:15:57.24] spk_1:
so I can see how that enormously uh, eye opening for, for board members who, who get mired in the financials. You know, as we talked about when you wrote your book, the boards understanding the basics of financial, they get mired in the financials and the and the employment practices and the non disclosure and uh, and conflict of interest policy. And they forget that were, you know, this, this wide M. C. A. Does great work in the community. You know, we’re more than just a pool and a fitness center, you know, and, and let’s hear and we hear

[00:16:18.04] spk_0:
from more than just a spreadsheet and aboard media. Right? So I mean, here’s a shout out to someone you may have had on on In the last 550 radio sessions. This case Sprinkle Grace, um, in case another well known great consultant,

[00:16:21.11] spk_1:
k

[00:16:55.34] spk_0:
sprinkled Grace, who’s in san Francisco Grace. Um, you know, and Kay has said, and I don’t know if she was the first, but she said every board meeting needs to include what she calls a mission moment, which is when board members are connecting with their hearts and why they’re in the game and why they care about the work as opposed to the spreadsheets and the policies and the agendas. And you know, this is a classic mission moment is if you have donors sitting with you saying this is why I care about your work. And this is why it connects with me emotionally. Then the board members are connecting emotionally with the work. Um, so I would put that on my list of 12.

[00:16:59.03] spk_1:
It is already there another not expanding the list. You’re not very good. You don’t, you don’t hurt your own cause you don’t want to increase the denominator. You want, you

[00:17:09.52] spk_0:
can take the new yorker out of new york, but you can’t take new york out of the new

[00:17:16.94] spk_1:
yorker. You can’t take the new york out of tony No, I’m keeping track. It’s good. I don’t want you to think that I’m just

[00:17:19.59] spk_0:
trying to distract

[00:17:20.64] spk_1:
you from the purpose of here’s the next one by amplifying somebody here.

[00:18:12.54] spk_0:
Here’s the classic one that we don’t do enough because we don’t have the courage, which is, will you introduce us to other potential donors, Right. Is there anybody else that you know that might care about this work? And you know, again, I don’t think that’s the first question out of your mouth, but if you have someone who’s enthusiastic and they’re like, I love this group is like, who do you know? Um, how can you help us? And you know, will you make an introduction? Would you consider hosting a house party? Right. Um, if we have an event which you come and speak at the event, like finding ways to involve them. Um, another question, and this is probably towards the end of the list is you’re so committed, you’re so passionate. Would you help us raise money? Are you a potential volunteer in our fundraising pool? Um, and let’s talk about the volunteer tasks that are available. And could you be one of those people?

[00:18:18.04] spk_1:
Yeah, I like, I like that one a lot.

[00:18:19.97] spk_0:
Yeah. And again, it’s not gonna be everybody. Some folks are like, no, I mean, I’ll give you money. I don’t want to, I don’t want to participate in that way. But other people like, sure. What do you need?

[00:18:28.12] spk_1:
Could you help us?

[00:18:29.17] spk_0:
Could you help us?

[00:18:30.91] spk_1:
What you’ve just done exactly. Um, um, out of 11 by the way.

[00:18:35.64] spk_0:
Thank you. I think we’re there 11 or where they’re 12.

[00:18:38.54] spk_1:
Well, there were 12, but you’re not getting credit for the first one because I gave it to you

[00:18:50.14] spk_0:
sure enough. Um, the domino a new question that’s not on the list, but harvey has thought about is how has covid changed your thinking about giving?

[00:18:54.74] spk_1:
Okay.

[00:19:26.14] spk_0:
And I don’t know if that’s an after before question. Um, but you know where he was going with it. Is is it going to be harder to get donor meetings and how are people feeling about having face to face conversations? And you know, sometimes we’re doing these on zoom now, which I’m fine with. Sometimes we’re meeting with donors. Um Sometimes we’re doing it on the phone. That’s never that’s not new. Um But even just figuring out the meeting protocols and how people are feeling about that I think is an interesting bonus question. Um Alright, feed me one because I think that’s what I got so far.

[00:19:39.64] spk_1:
All right. So now you expanded the denominator by adding the COVID question. So that increased your denominator to 12. Yeah, that’s cool. You got 234 Got nine out of 12 which is about 75% right, 75 is about a C. I’ll give you a C. Plus because you have a good smile and you live in new Hampshire.

[00:19:51.13] spk_0:
I don’t I live in Vermont but whatever.

[00:19:54.94] spk_1:
That’s right. Whatever. Whatever. Um Okay. Straight C plus.

[00:19:59.06] spk_0:
Uh geography test. Let’s see if I’m, if I’m not going to pass the test of, would you like to honor questions? Give me another one, tony like to

[00:20:06.97] spk_1:
honor or someone who is in memory or someone

[00:22:03.94] spk_0:
thank you. So again, this is, this is sort of fundraising. 101 is that sometimes people like the opportunity to use their gift to honor someone they love, who may be alive, who may have passed away, um, or maybe even honor somebody who’s in the organization. I’ve had donors say, you know, I wanted to do this, but I want to do it in honor of the staff because I see how the hard the staff works and you know, they are the heart and soul of the organization. So yeah, I mean, I could honor my grandma, may she rest in peace, but I think I want to honor the employees because they’re kicking. But um, so I have, um, I chaired a capital campaign several years ago and we had the whole conversation about naming opportunities and how to price naming opportunities and all that. But one of the things we decided as if people wanted to do naming opportunities and have little plaques on the walls, they could name it after themselves, like named after a relative or a friend, but they could also name it after a value or a concept they really loved. So we had people who used the naming opportunities to write things like justice and dignity for everyone. And instead of their name, we had a little plaque, you know, for the bookcase that they bought that said justice and dignity for everyone or lifelong learning or you know, things like that. And so the naming opportunity was not just a name. Sometimes it was a value set or a concept. Um, and that made it more palatable for the folks who thought people with more money shouldn’t get to put their names on stuff because that’s inequitable. And you know, I have some, I have some feeling for that, right? I, I appreciate that point of view. I’m also a fairly practical fundraiser, but it was sort of nice said people were given the option of actually naming some value that was important to them. And um, so yes, would you like to honor somebody or something with your gift,

[00:22:10.04] spk_1:
some

[00:22:10.92] spk_0:
value or some idea or some concept? Um, and I thought that was a nice, nice pivot on that particular question.

[00:24:13.44] spk_1:
It’s time for Tony’s take two, the podcast pleasantries. You know, I’m grateful. I hope, you know, you should know you certainly better. No, you better finger wag. You better know that. I’m grateful that you listen to nonprofit radio Week after week notice. I don’t say week after week after week it’s not a laborious chore. It’s a pleasure. I hope you’re learning. I hope there’s some entertainment value as well. I’m grateful. Whatever it is you get out of nonprofit radio I’m glad. I’m grateful that you’re with us. I’m glad it’s helping you in your own career, helping your non profit That’s why I do the show pleasantries to you. Our podcast listeners. Thank you for being with me. That is Tony’s take two Now back to 12 new donor questions and train like a champ and then I have switched to a different device because my internet dropped out. That happens when you live at the beach. Sometimes it’s windy or who knows. Uh, so sound is not gonna be as good now because I’m on my phone instead of with my fancy Yeti make, which only connects to my laptop. So Andy’s sound will be the same. Mind is not as good, but we persevered non profit radio perseveres. We’ve had lights turned off. We’ve had, we’ve been at nonprofit technology conference and had taken down taking down around uh, 5 30 when the union was going by with forklifts and taking down displays. It doesn’t matter. We persevered. So the point we were at was just saying that whether you want to do your gift in honor her memory flows very nicely into how would you as the donor like to be recognised?

[00:25:05.34] spk_0:
Yes. So there are people who like their names public and there are some people who prefer to be anonymous. Um, and so we, this is an ongoing debate in the industry is do we publish donor names or not? And I’m in favour of publishing and I think it’s a good thing, but obviously you have to get people’s permission. So I think the key question is may we recognize you publicly or would you prefer to be anonymous? And you know, this implies you have that that tracking form or that pledge form that I was talking about. And you have that you can go through that with the donor and and check that off and then presumably you have a database and you can then honor that request by either recognizing them or making them anonymous. Now a key question we have forgotten, but now I’m remembering is, um, how do you want us to use this gift?

[00:25:07.97] spk_1:
Uh, he gets another one.

[00:26:49.34] spk_0:
Yes. And you know, the point here is that we want all the unrestricted dollars we can get. The best gift you can get from donors, unrestricted general operating use it however you see fit. And there are certainly donors at times who want to restrict their gifts to specific programs or initiatives that you’re doing. Certainly this is true if you’re doing capital fundraising campaign. Um, the tendency I fear is that the solicitor tends to pitch the restricted gift when it’s not necessary to do so. And you know, there are some folks who say, well, you know, most donors would rather know where their money is going. And and my response is I think a lot for a lot of solicitors for a lot of asters, they feel more comfort in asking for a restricted gift. And that’s about our needs as the, as the Askar. And it’s not necessarily about the donors needs. So we have to get better at framing our work and say when you give us the, whatever the amount is, 1000, 5000, 10,000, 50,000. Whatever it supports the whole range of our programs, it supports everything we do in the community. It supports a healthy workplace for our employees. It supports the community members and family members. We support. It helps us build long term sustainability so we can do this work for years. So the best gift you can give us is the unrestricted gift that supports the whole spread of what? And I feel as as Askar as solicitors, we have to get better at pitching that. I think that’s about us. I don’t think it’s about the donor. So that’s one more question. Um, are there any

[00:26:57.44] spk_1:
other, you know, there are, I’m not going to make you agonize over whether or anymore. No. You’ve named you named all the ones that, that I

[00:26:59.57] spk_0:
didn’t get them all.

[00:27:11.24] spk_1:
And then you added one the covid question. So that gives you a 10, 12 Or reduced that to 5/6. And I would say that’s a solid B A beat. You got to

[00:27:12.14] spk_0:
take a B today. I will take I’ll take a B plus.

[00:27:18.74] spk_1:
Well you’re getting a big, you’re getting a beat. So All right. So,

[00:29:07.24] spk_0:
I mean, I want to I want to wrap this part of the conference tony Let me wrap the part of this conversation with a quick little summary here. Um, and then we’ll move to the second half. Um, the stress that we have as Nascar’s I think is around closing the gift, getting the yes. And I feel like there’s a tendency to think if you get that. Yes, you’re like, my work is done. People try to check out or they relax or they stop engaging at the beginning of the relationship. That’s not the end, That’s not the end point, that’s not the victory. Um The whole point is to then ask, how do I keep this donor? How do I make this donor commit even more deeply? How do I find a way to serve them so that they’ll want to give again? And so I feel like the yes is the beginning, it’s not the end. And to me that’s sort of the summation of this whole thing when we get that. Yes. Where do we then go to strengthen and deepen the relationship? And you know, there’s a I can send this to people, we can find a way. But I mean I would turn these into a checklist and I bring them with you. I think it’s okay Um to have a clipboard in front of you when you’re talking to a donor and take notes and you can ask permission to say may I take notes while we’re talking. So I remember stuff because I don’t forget stuff. And is that okay? And I think most people are cool with that but you don’t have to remember these 12 questions. You can bring a cheat sheet with you and you can or you can treat it as a as a form that you fill out when you’re talking with the donor so that you can remember these things and get them into the database. So don’t feel like you have to remember all this stuff. It’s not your job. I think your job is to facilitate the conversation and carry the notes with you if you need them. Yes.

[00:30:24.54] spk_1:
Very sound. Oh I agree. Nobody has a problem with you taking some notes. Um Yeah no I mean you want to preserve this information and and as you said, can convey it back to your to your database for sure. And I like that. Part of the way you, uh, ask how can we be of service to you is by asking for them, asking not require requiring asking for them to be of service to the organization. Would you provide a testimonial? Would you come meet our board, Would you help us with your fundraisers with our fundraising? No, that’s that’s that serves both parties. The benefit to the to the organization of course is greater engagement. Now, now the person isn’t just a donor or investor. There are, there are fundraiser along with you potentially if they agree to that side by side, but we’ll come to a board meeting. There’ll be a V. I. P. Speaker at a board meeting, potentially if they’re willing to do that part. All engagement. That’s all. This was all in service to both the donor by getting them involved in a cause that they already love and service to the non profit as well.

[00:31:37.04] spk_0:
You know, there’s a lot of data on the psychology of giving and why people give and what motivates donors to given all of that. And one of the top reasons is people want to feel connected to something larger than themselves. They want to feel connected to causes or social change or programs that are meaningful to them. Or maybe it reflects on their own experience, um, you know, in need, they had early in their life that the organization or appear organization helped to take care of for them. And so we’re giving them opportunities to more deeply connect with the community that’s creating this change. Um, so it’s an honor. I mean we feel like, you know, we feel like asking people to give as a burden. I think that’s totally backwards. Giving is an honor. It’s a privilege to give and I frankly think it’s a privilege to ask and, and then I think it’s a privilege to be in relationship with the people who give so that you can then deepen that relationship and strengthen their work. So, um we have to be proud, we have to be proud fundraisers. We have to embrace the fact that this is necessary and beautiful and holy work and not treated as a chore but treated as a chance to really improve our communities and deepen relationships and all of that.

[00:32:40.54] spk_1:
It’s time for a break, send in Blue. It’s an all in one digital marketing platform with tools to build end to end digital campaigns that look professional are affordable and keep you organized. They do digital campaign marketing, that’s what we’re talking about. Most marketing software for big companies designed for them, has an enterprise level price tag, sending blue is priced for nonprofits. You heard the Ceo Stefan say this all last last week more articulately than than your lackluster host does. It’s an easy to use marketing platform that walks you through the steps of building a campaign. You want to try out sending blue and get a free month. Go to the listener landing page at tony-dot-M.A.-slash-Pursuant in blue. We’ve got boo koo but loads more time for the second half of 12 new donor questions and train like a champ.

[00:32:43.84] spk_0:
Um, I think that’s the 12 questions. What else were we talking about today? Tony

[00:32:50.74] spk_1:
Such a such an unprepared guests I haven’t seen and I can’t, I can’t name have I think we’re

[00:32:54.72] spk_0:
talking about training, we’re talking about, we’re talking about training

[00:33:39.64] spk_1:
boards. It maybe 551 shows that since I’ve seen this, this unprepared we’re talking about we’re talking about upping your game and training and facilitating and let’s not limited to board training and facilitating you. Might be might be training your fellow, your fellow staff. Uh, maybe you’re a, uh, maybe you’re a consultant who does training and like the up the game a bit in training facilitating. So, or maybe it’s maybe it’s board work. So, the one of your, one of your articles that I want to start with is the one about, Uh, not over stuffing your agenda. You feel like people try to pack too much into an hour or 90 minutes or a half a day or a full day. So, uh, do you have any idea what that article is about that you

[00:33:42.44] spk_0:
wrote? I’m a Volunteer Today. Friends. I’m here and I’m being abused by the host just for the record. I’m doing this is but

[00:33:54.24] spk_1:
but even volunteers, we have expectations. Even volunteers don’t just walking

[00:34:05.34] spk_0:
by. I am tony I am crushing this. Let’s acknowledge this. I’m doing great today. Anyway. two per your question. Um, we have to start by thinking a little bit about how people learn,

[00:34:09.84] spk_1:
how people learn and what your goal is. Yeah.

[00:36:26.93] spk_0:
And so, you know, there’s there’s a lot of learning theories and I won’t get too geeky with folks, but there’s a learning theory that I that I think is intuitive and people understand is that we all have different learning styles and there’s an acronym V A R K bark that represents this so obvious visual, Right? Some people learn stuff visually. They look at images. They look at video. I mean, that’s their that’s their learning style. Some people are auditory a they like to talk, they like to listen, right? That’s the way. And certainly people who tune into a podcast or radio show like this are probably leaning toward auditory learning as their preferred learning method. We have, we have there are, which is the reading and writing. People who read stuff. People who, right, there are a lot of folks. When I do a workshop, the folks are taking notes and I said, do you ever look at the notes and they say, and I don’t often look at the notes, but the process of writing it down helps the landed in my brain. So I remember it. So those are those are and the k is the kinesthetic people who learned by physically doing things, by manipulating things by handling stuff. So part of my challenge as a trainer and I’ll get to the overstuffed piece in the second here is I want to create learning experience that serves all those kinds of learners. And so if you are standing at the front of the room and you’re showing slides to people and you’re talking at them, and that’s all you’re doing as a trainer, You’re missing half the room, because that’s not their learning style, that’s not how they engage stuff. And so the hard work and the interesting work as a trainer, and I would say, as a facilitator to is to is to design it in a way that it serves a variety of learning styles and learning needs. And when I see an overstuffed agenda, what that looks like to me is somebody has a whole lot of content that they feel like they have to share in the way that they’re going to teach people is by shoving all this into their face as fast as they can, and the theory that if you give them more, they’re going to absorb more, and I just don’t think that works. So going back to what you said, hey, you got to start with your goals, like what am I trying to accomplish in this particular training? What do I want people to master right

[00:36:30.13] spk_1:
now? Okay, yeah,

[00:36:32.43] spk_0:
then once you’ve got that, then the question is, how do we design something that’s accessible to a variety of

[00:37:04.63] spk_1:
learners? Before we, before we continue, I have to uh, add a couple of things, uh, listeners are going to admonish me if I don’t thank you for identifying of arc, because not probably radio we have drug in jail. So if you hadn’t methodically explained each element of bark, then it would have been a serious transgressor and you would have been uh, promptly escorted to jargon, jail free

[00:37:09.83] spk_0:
at last free at last. Yes, you are almighty, I’m free at last.

[00:37:29.23] spk_1:
You are. Um, and I recently had a guest, uh, Laurie listeners remember Laurie Krauss talking about public speaking, the research shows that people retain something like, uh, oh, something like a very small percentage. I don’t know, 2% or 10%. It’s like,

[00:37:31.00] spk_0:
Yeah, I know this data. Yeah. They will they retain 10% of what you say, but they’ll retain 90% of what they do

[00:37:38.63] spk_1:
what they’re doing there. There’s your K. There’s, you can see that, that’s

[00:41:33.41] spk_0:
the K and but it’s also the reading and the talking and the small groups. Okay, so let me make this simple for people, if I’m doing a half day training, you know, like, I’m doing a fundraising training or board development, whatever it could be an hour, and it doesn’t really matter. But let’s say I’ve got you for a morning, the way the way I designed this, and it’s another shout out to our colleague Andrea Kill Stead, who she and I did a book together called train your board and everyone else to raise money. And we spent a lot of time talking through this. Um, hey, I’m going to give you some content. Now, the chunk of content I give you is not going to exceed 15 or 20 minutes. It’s a short piece of, here’s some information you need having, given you that content. I’m then going to launch an exercise or an activity where you work with that content. So maybe there’s some small groups or maybe there’s a writing exercise or maybe it’s a role play. I mean, every fundraising trainer in the world has done role plays where people practice a pitch or practice listening or whatever, right? And then after the exercises over there is going to be some time to debrief and, and think about like what did you just learn? What will you take away from that exercise? And for me it’s always that pattern. Here’s some content now, you’re going to work with the content now, you’re going to reflect on what you learned and how you might use it. And if you had me as your trainer or facilitator for a half a day workshop, you would see this pattern repeated six or seven times in three hours. Um I’m gonna give you some stuff and I’m not going to stand there and talk to you for 60 minutes. I’m not gonna do that. Here’s a chunk of info work with the info. What did you learn? And if you retain nothing else from this part of my conversation with Tony, this is what I want you to retain. Is that pattern repeats itself. And if you can vary up the design of the exercises like okay here’s a writing exercise and the next one is a small group discussion and the next one might be a sequencing exercise where you like I’ve done, I’ve done a class where um we do, we organize a 12 week major gifts campaign um like how to do a speed major gifts campaign. And I will create like post it notes or cards that you put up on the wall. That’s a week one, week two, week three, week four. And then I create cards with a bunch of the activities like call donors, set up appointments, build a gift pyramid, all of those things and I put them all out on the table and I have people try and sequence them and they’re doing in a small group. So what are we doing? Week one, what are we doing? So it’s a classic farc via RK activity because there’s the visual piece, there’s the auditory piece of talking with each other and figuring out where we sequence stuff. There’s the reading and writing piece because you’re reading them, I’ll also give them some blank cards in case I’ve forgotten a step they want to add and I’ll give them a market so they can actually write additional steps. And then there’s the kinesthetic piece of physically manipulating these cards and putting them on a calendar. Um, So that might be, you know, 20 minutes and break out to do that exercise. And then we come back and I said like, what did you learn? Yeah. You know, and what tends to happen in that particular exercises, everybody wants to front load everything and so weeks one and two or look like this, my hand is like wide on the wall and when you get to week 12, there’s nothing, it’s like, okay, maybe you need to spread this out so you don’t kill yourself at the beginning of the campaign and think about a way to sequence it, that’s more humane. Um so I I say the word trainer and that’s intimidating to people because like I’m not a trainer, it’s not what I do, and there’s a tendency to want to hire people like me to come and do it, which is great, you know, I appreciate the work, but I feel like the basic skill set, anybody can learn, you don’t have to have a lot of formal training to be an effective teacher. Um more training helps, More practice helps. But if you sort of master the basics and you do some of the stuff we’re talking about, um, you’ll be good enough.

[00:41:41.91] spk_1:
Let’s talk about, let’s talk about chunking out your time. Yes. How much of that chunking out to share with the participants versus just keeping it to yourself?

[00:43:43.60] spk_0:
Okay. It’s a nice sophisticated question and I’ll give you a two part answer. Part one is that I tend to underestimate the amount of time it takes to do whatever I’m doing. This is true in consulting. This is true in cleaning my house. Um, this is just true in training or cutting the grass or whatever, right? It always takes longer than I think. So my skill set in that area needs improvement even at this advanced stage. Um, Having said that, I have done both times agendas and untimed agendas and what I tend to do if it’s new content and I’m figuring it out is I’ll do a trainer agenda, which is just for me where I’ll show what the times are, but that’s not the agenda I necessarily share with the group because I don’t want them looking at the clock and going, oh my God, we’re late. He’s running behind. Right? So you know, from, for many of the public events, I do, I give out an untimed agenda. I will show times for the brakes and I’ll show times for the start and end, but I won’t time out each section of the agenda. Having said that I’m chairing aboard now and when I do board meetings, I definitely have a timed agenda and I have a very ornate agenda and I’ll just do this from memory and you know, people can use this or not. This is a seven column agenda. The first columnist time like when something is going to start, um the second columnist topic, what are we gonna talk about? Um The third column is who is going to lead that and it ain’t always me. So I’m trying to find other people to share leading portions of the agenda. The fourth column, my favorite column is the decision we need to make around this particular item and I have a bias here and my biases. If you put together an entire agenda for a meeting and there’s no decisions that you’re making and it’s just reporting, you should think real hard about canceling the meeting because there’s so many other ways to share information now we don’t have to physically gather people just to do reports.

[00:43:52.00] spk_1:
Um,

[00:43:57.90] spk_0:
Column # five is follow up needed and you don’t always know that in advance. You might have to figure that out at the meeting.

[00:44:03.75] spk_1:
6es follow up needed.

[00:44:57.09] spk_0:
No, number four is decision of five. Forest decision five is I’m doing this from memory, tony should be very impressed with me. Um For his decision five is the follow up needed. Column number six is, who’s going to do that? Follow up In column # seven. And what’s the deadline by? When is that follow up going to occur? So what the way this works is you fill out some of it in advance, but some of it you don’t know until the meeting when you start figuring out like, okay, what’s our follow up, who’s going to do it? And so you actually use the agenda to build a work plan coming out of the meeting, who’s gonna do stuff and it it sort of creates the guts of the next meeting agenda, which is then about did we follow up? What was the outcome, What subsequent steps do we have to take? Who was going to do those steps? So, you know, I wouldn’t necessarily use that in the training. That’s more of a meeting agenda. We’re trying to get stuff done. And you know,

[00:45:16.89] spk_1:
let me ask you about your meeting agendas, us board chair, you’re saying you do share the timed agenda with everyone. I do. Everybody knows how much time is allocated to each subject? You maybe each row on the Yes, Okay. Everyone knows that.

[00:45:38.99] spk_0:
Yeah. And I put that out in advance. I’ll send that out a couple of days before the meeting. I mean I got a board meeting next Tuesday. I just, this is, this is too granular, but I just sent a notice to all the board members saying, here’s my, here’s like the four or five things I want to talk about. What am I forgetting? Are there boarded items that you want to add to the agenda And you know at least one person has written back and said yeah I’ve got more stuff for the agenda. So

[00:45:43.57] spk_1:
this can apply to any meeting again. Hell

[00:45:45.57] spk_0:
yeah, it could be a board meeting, could be a staff meeting, could be campaign committee.

[00:46:11.78] spk_1:
I’ve been in meetings where there was a time are appointed and the timer was not the the chair or the leader of the discussion that it’s someone else so that so that he or she leading the discussion can stay on topic and make sure that we’re moving each topic. But it’s the timers job to say We only have three minutes left on this 10 minute agenda item. And so it relieves the chair of the burden of watching a watching a clock. There’s actually a timer.

[00:46:39.98] spk_0:
Let me give you a pro tip. I love this suggestion. I totally support the suggestion and my pro tip is if you have somebody in the meeting, a board member, staff member, whomever it is that likes to talk too much and dominates ask them to be the timer because they’re going to be spending more time looking at the clock and trying to keep other people moving rather than pontificating um and taking up all the airwave. So

[00:46:42.31] spk_1:
with something else being

[00:46:50.48] spk_0:
go, it’s a deflection strategy. Um Yeah, that’s my favorite. Um So I bet you have other training questions you brought today since you’re better prepared than I am.

[00:47:17.88] spk_1:
Well, I feel like we’ve covered a lot. Um All right, let’s just let’s, let’s wrap up with managing time is your job. I think that’s that’s critical managing it subsumed in what we’ve been saying. But I want you to make it quick. You have, you have an obligation, you have a responsibility to your audience, Your meeting attendees flush that out.

[00:47:36.08] spk_0:
Thank you. Um It’s very interesting, tony that all the questions you’ve asked about training have focused on time um about not over stuffing, about to put times on agendas and it’s your job to manage time. So this is where you are and that’s interesting to me. Um So

[00:47:38.68] spk_1:
the

[00:47:43.98] spk_0:
work, the work for me as a trainer, when I get in the room, when I get in the room, I’m like doing it. I’m sorry, go ahead finish.

[00:47:51.58] spk_1:
Yeah, we’re out of time. That’s it. I’m the timer and we’re out of time by No, I’m kidding, don’t leave.

[00:49:20.47] spk_0:
Um Okay. So I guess I’m pumped defecating. There I go. Breaking my own rule. So regarding you being the boss of the time for me, the work for as a trainer is the design. It’s figuring stuff out in advance and being prepped. So when I go in the room, I don’t have to think about it too much. I can just do the work and I am doing two things. I’m paying attention to the content and I’m also paying attention to how much time things are taking and you have to have a split brain to be able to do that. Because what I’ll do in real time is all speed stuff up or I’ll slow things down based on how we’re doing against the clock. And sometimes you just have to toss stuff from your agenda because you don’t have time to do it or something more important is happening. And I’ve had, I’ve had trainings where I’ve done where we’ve gotten into really interesting deep water that’s not on the agenda and I don’t want to cut it off because it feels productive to me. So there’s an intuitive piece to this which is doing your prep, having your agenda timed out all that, but then showing up in the room and being present and seeing what’s going on and so part of managing the time is reading the room in understanding how much energy there is around the topic. Sometimes I’ll toss stuff because it just doesn’t feel like there’s any energy to embrace it and you know, I’ll go where the energy of the group is. So to me that’s one answer to your question is to prepare rigorously, but be prepared to throw out what you have prepared if the group is taking you in a different direction and the time is not lining up with what you expected

[00:50:32.36] spk_1:
and not only to throw things out, but I want to amplify something you said to spend more time on something or maybe accelerate your time, not throw something out, but accelerate your time and that’s where you know this becomes an art when on the fly, I do stand up comedy and you gotta, you gotta read the room if if certain jokes are working then you you do more of them and if another topic isn’t you you you move off it, but it’s the same as, it’s the same in a webinar or a facilitation or a face to face meeting the ability to move on the fly, intuitive, intuitively based on the clock and and the energy in the room, you know, you gotta, you gotta be watching both and that’s where it sort of one is quantitative the clock, there’s there’s no beating time. The other reason, how are people reacting to the material and where is their focus?

[00:51:31.16] spk_0:
Yeah. And the other part, I would say, and as a stand up comedian, you understand this. The other part is you don’t want to drive a particular agenda items so far that the energy goes out from it. You want to get out where there’s still some energy left. And sometimes I’ve I’ve co trained with people who wanted to milk a discussion until it completely died and then move to the next thing and you got to get out of a piece of content before all the energy is out. And you know, I mean, again, I think if you if you’re riffing on a joke, you have to learn how to get out before you’ve killed the joke. And um so I would say yes and I mean the I I that’s what I love about training is being in the room and getting that ended her back from the group. It’s been interesting doing this on zoom right and trying to figure out how to, how to transition that energy of the group into a room into something that works remotely. Um, but yes, your job is to both pay attention and be intuitive and serve the group and also managed the clock simultaneously.

[00:51:45.86] spk_1:
We’re gonna leave it there. He’s Andy Robinson, Andy Robinson online dot com. Andy. Thank you very much. tony

[00:51:58.06] spk_0:
It was fun. I’m glad we mastered the technology and I look forward to being in touch with you in the future and I hope folks will reach out if I can be of service to them by everybody.

[00:52:30.55] spk_1:
It certainly should be next week. More coverage of 21 NTCC I think if you missed any part of this week’s show, I Beseech you find it at tony-martignetti dot com was sponsored by turn to communications pr and content for nonprofits. Your story is their mission turn hyphen two dot c o and by sending blue the only all in one digital marketing platform empowering non profits to grow tony-dot-M.A.-slash-Pursuant in blue. And we did indeed overcome the technology triumph triumph over the technology challenges today. Thanks for hanging in there with us.

[00:53:10.45] spk_2:
Are created. Museum is Claire Meyerhoff shows, social media is by Susan chapman. Mark Silverman is our web guy and this music is by scott Stein. Mhm. Thank you for that information. Scotty. He wrote me next week for nonprofit radio Big non profit ideas for the Other 95 go out and be great. Yeah. Mhm.

Nonprofit Radio for May 17, 2021: Your Partnerships With FGWs

My Guest:

Esther Choy: Your Partnerships With FGWs

First Generation Wealth creators have different values and mindsets than those who inherited their wealth. And FGWs far outnumber the inheritors. Esther Choy’s research will help you understand these folks and how to build valuable relationships with them. She’s president of Leadership Story Lab.

 

 

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Every nonprofit struggles with these issues. Big nonprofits hire experts. The other 95% listen to Tony Martignetti Nonprofit Radio. Trusted experts and leading thinkers join me each week to tackle the tough issues. If you have big dreams but a small budget, you have a home at Tony Martignetti Nonprofit Radio.
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[00:00:10.64] spk_2:
Hello and welcome

[00:01:47.84] spk_1:
To Tony-Martignetti non profit radio big non profit ideas for the other 95%. I’m your aptly named host of your favorite abdominal podcast and I’m glad you’re with me, I’d suffer with lateral epic and colitis if you gave me the elbow and told me you missed this week’s show your partnerships with F G W s first generation wealth creators have different values and mindsets than those who inherited their wealth and F GWS far outnumber the inheritors Esther choice research will help you understand these folks and how to build valuable relationships with them. She’s President of Leadership Story lab and tony state too, in praise of donors like my dad, we’re sponsored by turn to communications pr and content for nonprofits. Your story is their mission turn hyphen two dot C O. It’s a pleasure to welcome to nonprofit radio Esther choi she is President and Chief story facilitator at leadership Story Lab, teaching storytelling to institutional and individual clients or searching for more meaningful ways to connect with their audiences. She’s a contributor for Forbes Leadership Strategy Group and you may have seen her quoted in leading media outlets like the new york Times and entrepreneur dot com. Her practice is at leader Story lab and leadership Story lab dot com. Mr choi welcome to nonprofit radio

[00:01:50.29] spk_0:
Thank you so much for having me.

[00:02:06.24] spk_1:
It’s a real pleasure. Welcome. Um you you have you have some new research out that we need to, we need to talk about transforming partnerships with major donors. What are, let’s let’s just jump right in and why don’t you explain what F. G. W. Folks are? And uh tell us a little about your research that you did with these F. G. W folks

[00:03:57.54] spk_0:
sgw folks? Well, I recently published as a research report um and lucky enough to have a really, really good exposure, such as the one you mentioned in the new york times. And uh, there are a lot of surprises about the folks that we generally in the broader society, just just overly sort of broad and call them the rich people or the wealthy folks or the high net worth individual or the ultra high net worth individuals as if they all belonged in this model is a group that they all think act believe in the same way. And so I got curious about them after I’ve taught uh, in this major gift strategy program at Kellogg for awhile, wondering why are these people so hard to get What, uh, because so many nonprofits is doing amazing and moving and important and urgent work that no one else is doing. So why is it so hard to reach them? So I dug further end. Uh, did a lot of homework and I interviewed 20 very, um there are ultra high network folks and I just ask some questions about how did they get you their wealth? What is it like? Um are there any downsides too well having wealth and so on and so forth, and focusing on philanthropy. Um so this report, I can talk about anyone number of ways. So you tell me, what do you, what do you want to most learn about these first generation wealth creators? Well, let’s

[00:04:01.27] spk_1:
let’s start with how big a proportion they are of the of the wealthy,

[00:05:24.64] spk_0:
wow, I am glad you start. That’s the starting point. Um that’s one of the biggest surprises that I’ve learned because they are At least 68 Of the, this massive group that we call wealthy, ultra high net worth. They are at least 68 of them earn their wealth instead of inherited. That’s a big, big difference between inherited wealth versus earned wealth and that means they’ve traveled a entire social economic class That they did not grow up with. And so some of them, very few of them really make the majority of their wealth in their thirties or even 40s. Most of them are in their 50s and 60s. So we’re talking about full on grown adults with Children and maybe even grandchildren by the time they become um this wealthy. So it’s a very interesting transformation of your life, your community, your social circles, the things that you worry about Or not worry about all happen around starting from the point of 50s and 60s.

[00:05:42.34] spk_1:
All right, So, so they’re at least two thirds, but maybe even a little more than two thirds of all the, all the wealthy folks. The way we would describe as you’re saying, high net worth, Ultra high net worth. These are these are 2/3 of those folks,

[00:05:46.24] spk_0:
correct at least. And it’s actually you

[00:05:49.01] spk_1:
said 68%.

[00:05:51.10] spk_0:
68%. I picked the most conservative number, but I’ve read elsewhere too. And put that to um somewhere 80,

[00:06:14.44] spk_1:
80%. Okay. Alright. 800. And and everybody you interviewed is first generation wealth. That’s that’s where your research was correct on those folks. Okay. So let’s get to know them a little bit. Um, your research has uh, a nice chart. I like, I like pictures of the first thing I look for in books and pictures. Uh, simple, simple. You’re you’re burdened with the host with a simple mind. Um, but you do have these, these pillars of wealth generation. So let’s describe these folks, not, not not all three. I mean, people are just gonna have to get the research, you know, I’m not going to quiz you, I’m not quizzing you on block number four in line three on the no we’re not doing that. I don’t want to go like word by word because people got to get the research. Which which is that? Leadership story lab dot com. Right.

[00:06:47.04] spk_0:
Alright, okay. You can download,

[00:07:07.34] spk_1:
yeah, there’s an executive summary and you can download the full report as well. Right? So leadership Story lab dot com for the full thing, for the full, for the full study. Um But let’s get to know these folks a little bit these these first generation wealth creators. Um you start by saying they’re understated. There may be even humble, are they are they to the point of being humble and modest,

[00:08:01.84] spk_0:
humble and modest and they have a hard time. They have a hard time with the, with the word wealthy, they understand the size of their assets, They understand um what they are capable of affording, which is basically anything, but they have a hard time with the label wealthy and um they oftentimes think of in regard and never really left their middle class roots and that’s the majority of them come from very middle class, you know, they don’t want to be flashy, nor did they enjoy flashy things that attract attention. So um you know, make no mistake, they are part of things that are very um you know, shiny and, and sophisticated and, and high quality, but it’s not who they are inside. So that’s one thing to keep in mind is that they are very understated themselves and they often appreciate other people as well as other things that are understated.

[00:08:31.64] spk_1:
You make the point a couple of times of saying that they don’t they don’t identify themselves as wealthy even though they know that they fit into that category, correct? Okay. Um so you sat down and you you met these folks, you, well maybe not face to face, but you you spoke with these people or couples or how did how did that all work?

[00:09:12.34] spk_0:
Yeah, So I did all the interviews with in partnership with the research firm And it’s all done virtually because it was done in 2020. Um There was one noted exception um where I was invited to her home uh and I met all her kids and her husband’s and you know, it’s just like the whole family in the background and it’s kind of funny to talk about her family while her family was around, but for the most part it was done um through zoom One through calls and then um there are four people, so two couples. Um I interviewed them at the same time together and uh the length just got doubled. Um you know, it’s usually 50, 50 minutes to an hour and with a couple um we talked for over an hour and a half.

[00:09:34.84] spk_1:
All right. All right. How do you, I’m interested in some of the details. How do you reach out to these folks? How do you, how do you get their

[00:10:58.44] spk_0:
attention? It’s really hard. So the first thing we mentioned um in one of the four pillars is their understated right? They don’t identify with the word wealthy. They certainly don’t make big advertisement to the world that they are wealthy. And so to find them and to get them to agree to speak on record, although it’s anonymous. Um and to get them to open up and talk about money and wealth. It’s really hard so I have to rely on a couple of key relationships. Um One is through one of my alma Mata um texas A. And M. University. And my friend and colleague, the ceo of texas A. And M. Foundation help me recruit a few quite a few of these interviewees. Uh My business partner who also happens to be a uh trustee at the University of Cincinnati, Cincinnati foundations and um through a couple of my own resources as well as my research firms. So 20 for qualitative studies is you know, sufficient. It’s definitely not a lot. 20 people doesn’t sound like a lot but 20 of these type of people and get them to talk about very sensitive topic. Um was it took quite a bit just to get them to agree to talk to me.

[00:11:13.64] spk_1:
Go. Aggies.

[00:11:14.34] spk_0:
Thank

[00:11:18.54] spk_1:
you. Absolutely. Um And what was the median income for these 20 folks families?

[00:12:25.64] spk_0:
So um at this point I don’t think their income is very meaningful any anymore. So where I am uh by median I would refer to their uh their their networks. So the net worth the median range is 50 to 80 million. Um Although um the low I would put it in the low teens, the highs I would put them in 100 and 50 just give you give you give our listeners a sense as well of what we’re talking about like by Well you know millions is like a lot of Zeros. You know at some point it’s just like my mind can’t keep them all in one place. Um according to the Fed in 2020 the top one of the U. S. Um Folks have 11 million. So these are all um uh you know sort of the top 1%. Er And um

[00:12:35.44] spk_1:
If for the one even right right mid teens to 50 or so was was roughly the median net worth.

[00:13:07.24] spk_0:
Exactly exactly. But then if you think about the one of 300 million people in the us That’s three million 3 million people. And that is about the size. If you put them all in one city all in one location there just below new york city, just below new york, just below Los Angeles but just above the city of Chicago. Mm So three million people. That’s a lot of people.

[00:13:27.04] spk_1:
Okay. And And you estimate conservatively that of those 3,068 our first generation they earn their wealth versus inherited. Okay. All right let’s go back to get to know these folks a little bit um uh their entrepreneurial, no surprise but tell us what, what does that mean for the way they think about themselves and the way they might think about uh, their philanthropy.

[00:15:37.94] spk_0:
Yeah, so in the most literal sense, they are were entrepreneurs. That’s how they created, most of them created their wealth and with a few um less than 20 of them had a very lucrative corporate careers. And entrepreneurs also means that it’s a mindset, it’s the lenses in which they apply all things through. Um So it could be the way um that they would like their Children or grandchildren to approach um you know, if I wanted to study abroad even um and you know, I need additional funding. Well, how much you think about it as what untapped opportunities might there be out there for you in this country that you want to study, but it’s not currently fully leveraged. Um but entrepreneurial could also means to, as they think about non profit, as they really think about how they want to leave their social impact and how they want to fully make sure that their philanthropic dollar is put to good use that also applied and, um, compatible with their middle class values. So, uh, it’s, it’s, it’s up and down side, right? Um, sometimes something just can’t be measured. Sometimes nonprofits are run by people who are philanthropic reminded and socially minded and they don’t necessarily have the same sort of business acumen as, as, as well as, um, fear competitiveness, um, that these donors tend to have an embody. And so the downside of having that entrepreneurial mindset is that sometimes it creates clashes. And if, you know, at the very least disagreements on, is this really the best use of the precious dollars that your organizations have? Um, sometimes there’s no straight black and white answer yes and no. Um So um that’s what I mean by entrepreneurial

[00:15:52.04] spk_1:
And what else what comes next in those four

[00:16:03.84] spk_0:
pillars? So the third is free and I truly it seems like a very simple no nonsense and and and we’re like oh we live in a free society. But I think the truth of the matter is that a lot of people are not free, they are not free to pursue whatever they want, they are under certain professional career obligations or financial pressures

[00:16:22.84] spk_1:
and they are a lot of options.

[00:17:44.94] spk_0:
Yeah, exactly. And that’s why a lot of career counselors ask mid to even late career folks, you know, what would you do if money is not an issue? Right? I’ve heard that questions asked a lot in Korea counseling because a lot of people are under that pressure. But these F. G. W. S. They are not and for them it’s often times for the first time is, wow, now it’s not a theoretical questions anymore, I really don’t have to worry about money. Okay so now what what do we do? And so um a lot of them pursue experiences, a lot of them want the same thing for the Children and grandchildren. Um They uh pursued 3rd 4th 5th careers that they’ve always are interested, intrigued by, know that they’re not very good at and know that they probably may not may or may not be able to make a ton of money with. Um But they pursue it anyway, so it’s that sense of freedom. Um that I think a lot of people as long as they have to still worry about saving for retirement, saving for making sure you can pay your mortgage and things like that. It’s really hard to wrap your mind about. And then these folks are just sort of Mhm fully embracing,

[00:17:56.94] spk_1:
may want their Children to understand that having a wealth of options doesn’t just come, it comes from hard work and and devotion, which is what they devoted their decades too, so they want their Children understand that, that does just doesn’t just happen for everyone.

[00:19:40.94] spk_0:
Yeah, I’m glad you bring up Children across all 20 of them, even though the ages ranges from Late 40s to a few 80s, um they all worry about their kids even though their kids have all grown up or they have worry about their kids or have regrets about uh the way that they raised the ways that they pass on their assets uh to their kids. And the funny thing is that they did not tell me oh I have so and so um I really can confide in or I know these uh professional resources uh that I can go to and um all of them are just kind of like, I hope I’m doing the right thing. In fact, I know I haven’t done the right thing, but then talking to piers surprisingly was not an option across any of them. And so although they’re free, but this taboo topic of money and wealth have prevented them from really searching for the right answers at the time when decisions had to be made. So Children, it’s a constant universal worries, especially for people with wealth. Um, we’ve seen from studies after studies that for example, substance abuse tend to affect um, Children from families with means disproportionately higher than those who are not from a family with means.

[00:20:45.54] spk_1:
I wonder if there’s some tension for them because they’re not comfortable talking to those who inherited their wealth or even just other wealthy people because they don’t they don’t identify that way, but then they’re not comfortable talking to those folks that they knew when they were struggling in their careers and before they’re they’re great success there, great financial success will qualify that because success can take lots of, have lots of different levels to it, but before the great financial success, because they, like, they don’t want to, they don’t want to appear overbearing to their non wealthy friends who they know from high school and college and, you know, maybe professional school or you know, whatever. Uh so there they, like, caught in the middle, like, they don’t have valuable personal relationships to, to leverage and count on in in in times like when they’re questioning what, what to do with Children and, you know, sort of existential questions like that.

[00:22:44.14] spk_0:
Yeah, so this is another downside of being entrepreneur. Um another way to call someone very entrepreneur is what, you know, he’s he has a can do spirit, she has a can do spirit. So if you can do, you can do it yourself, you don’t need to count on other people to help you, you can pull yourself up by the boot strap. So uh that’s one and two is again, the subject of wealth, it tends to be taboo. Um in fact, the broken institute economist Isabel Saw Hill made this really app as observation and she said that people rather talked about sex than money and money than class. So first generational wealth creators have travel across classes and so that makes it really hard for them to say, you know, I don’t know what’s the right way if we do, if we travel, is it wrong for us to buy business class or first class and what are your middle class friends going to say? Poor tony poor Esther you’re struggling with questions like should you travel in business versus first class and it’s not something that a lot of people, first of all empathize with, and second of all have the right context to give sound councils and what about professional um coaches and um counselors and whatnot? I didn’t actually covered in the report, I chose to exclude it and just in the in favor of focusing on nonprofit and fundraising. But their experience with uh wealth management advisors are very mixed because it’s an industry that has a lot of conflict of interest. There are some really, really good

[00:23:04.54] spk_1:
let us in on something that didn’t make the report, this is great not profit radio you gotta let us in on the, on the, on the back story. What? Say a little more about these, the trouble they’ve had the mixed results, mixed results, I’m sure some have been, some results were fine, some relationships are fine, but so a little more about what didn’t make the final report there.

[00:24:40.84] spk_0:
Um I cut a whole section of just because I think it might be detrimental to getting people to read it when it’s beyond a certain length. So this whole section that I cut off was on um, how they view advisors, um, counselors and things like that. And indeed, you know, uh, two words to describe the entire section is that it’s very mixed. Um, some have great experience, some on the other end of the extreme is um, they thought the people they interacted with is just uh, the advice weren’t very good or too obvious or that again, they can do it themselves. Why do I need to pay you so much money to tell me something I know already. And uh, and, and by the way, that is somewhat parallel to their experience with uh, fundraisers. So I don’t want to just put the hammer on uh, wild advisors and and and um, tax advisers and whatnot. Um, because this idea that, oh, we know you’re wealthy, we know what you can do with your money, either for the benefit of yourself as well as for me or my organizations. That really changed the dynamic of the conversations as well as the services, how services rendered and that’s to their relative to their expectations. Um, so that’s why it’s not very helpful I think just to come off and um list a bunch of things that they’re not happy with without being able to say what would be helpful. So I just removed the whole section and also in favorite of keeping it readable length.

[00:32:20.44] spk_1:
It’s time for a break. Turn to communications. You remember them, you’ve been hearing about them, the biden tax plan, the infrastructure plan, immigration. Is there anything in there in these continuing conversations that you’d like to be heard on? Anything in their impacting your work? Anything in there that you’re expert on and you need to be heard. You want to be a trusted source on something that’s under constant conversation and it’s in the press turn to has the relationships that can make that happen. They are a trusted source by lots of media outlets. They can get you heard on the subjects that you know best and that your expert on let them use their relationships to help you because your story is their mission. Turn life into dot C. O. It’s time for Tony’s take two In praise of donors like my dad. My dad is 88 years old and he gives to dozens of nonprofits a month. I have seen the checks that he writes now, 88 years old. So you know, he’s not doing online giving, he’s not doing online bill paying. He writes cheques for those of you not acquainted with checks. They come with check registers. That’s a little booklet that you can write all your checks in. So you can reconcile month after month, right? It’s an old process, but For an 88 year old, it’s the way it gets done. He’s outgrown check registers. He writes so many checks to charities each month that he just keeps a running list on sheets of paper. And there are so many check entries on each sheet that the sheets are curling up a little bit. When the sheet is complete, it’s almost like parchment. It’s curled up a little bit because there’s three columns Of checks in on each page. I don’t mean each check takes up three columns. I mean there are three columns of checks on an 8.5 by 11 page. He’s got a he’s got the check number, his own abbreviation of the name of the charity and then the amount and uh, he’s got the date, it’s got the date in there too. And so that’s how he reconciles. Uh, so yeah, dozens of checks to charities per month that, you know, that’s a kind of giving that I only and experience with through him because I do plan to giving, which is on the other end of the spectrum of giving. Um, he certainly doesn’t consider himself a philanthropist, but he’s very, very supportive of charities and and how does he choose the ones? Well, first of all they find him, I don’t know how the list exchanges or sales work, but charities come to him. So they send him U. S. Mail. He’s got no email, he’s got no cell phone. Um We’ll get to vetting in a second. So charities right to him. And he read the materials he scrutinizes, he decides whether he thinks the work is merits, his giving and something that he wants to give to, something he’s interested in. And then he goes to the Better Business Bureau. Why is giving alliance report on charities? And why does he choose that one? Because it’s in print, there’s no going online to charity navigator or any other rating service. Uh, that’s online. He goes to the print the booklet. So Better Business Bureau and if he likes your work and you’re listed in the Better Business Bureau, giving booklet rated well in there. Then he writes a check and you probably, these charities are writing to him again a month later and there’s a good chance he’s writing a check a month later, et cetera. It’s a very iterative process. There’s no real learning that goes on. I can’t say there’s a feedback and improvement part to the iterations. But, uh, the cycle continues. You know, we need people like that. These small donors. That’s a, you know, some people prefer to say modest donors. I’m not commenting on my dad’s or anyone else’s character. When I say small donors, it doesn’t mean that he’s a small person. Just he gives small gifts. So I avoid the euphemism, I just say he’s a small donor. We need small donors like this. You know, they he’s loyal. Once you, once you meet his threshold and it’s not very high what I described, then you’ve got him for a long time. Don’t try to upgrade him though. He’s not going to become a major donor and he’s not gonna put you in his will. I’ll see that that part. So forget the planned gift. That’s not happening. No, but he’s not, he doesn’t think that way. He’s never gone deeper with any charity that he gives to the way I’m describing. We need folks like that. We need the, uh, $10, $15 $20 donors. And in some respects, he’s a recurring donor. I mean, he is a recurring donor. He’s just is not part of your monthly recurring program that’s set up automatic, you know, the automatic debits credits. Um, he’s not, he’s not one of those, but he’s he’s a recurring donor. So in praise of donors, like my dad, it’s very interesting to watch him. We’ve talked about his process. Yeah, We need folks like that. And here we are talking about future, um, or wealthy, wealthy folks. I’m sorry, first generation wealth. Here we are talking about. And my dad, is that the, well, these folks, I would put plan giving at the far end of the spectrum. So these folks are near there, but my dad’s at the, on the left side of the spectrum. We need them all. We need all these donors. That is Tony’s take two. We’ve got boo koo, but loads more time for your partnership with F. G. W. S. All right. Finally, these folks are lone rangers. What does that

[00:35:39.44] spk_0:
mean? Um, we touch upon it a little bit where we, um, you know, they are part of this new class of wealth. They’re like immigrants in some way. By the way, I really wanted to recommend a few books, uh, not just mine, um, that really helped me round out my understanding. So this whole idea of um, think of first generation wealth creators as immigrants. Um, they have migrated from a different class altogether and enter into this world where the beliefs, um, the values and oftentimes even language, um, or foreign to them and although it’s great, this is paradise. Um, they often find that there are tricky conditions. Some even would say because their native born Children and grandchildren, um, don’t understand the privileged privileges that they were born and then we’ve gotten accustomed to you. Um, and the cliche or the adage or however you wanna wanna wanna call it shirtsleeves, to shirtsleeves, rice paddies to rice patties, wealth does not last past three generations and they know that. And so when you think about this special Land of Paradise again, by the way, this is uh, I learned it through the book called uh strangers in Paradise by James Grubman. Um, their need of born Children and a grandchildren, statistically speaking, will be deported back to harsher land where the first generation have migrated from. And um, and here’s the kick tony I, I just, I just found it fascinating and this is why I can talk about this, you know, forever and ever mismanagement of their wealth, taxes and inflations and bad investments. All of those are more just the natural delusions from, you know, the couple, two Children, two grandchildren, right? All of those reasons are reasons for wealth, not being able to last past three generations, but you will probably, I’ve never found anyone cases for example, or family where the story basically is, well, grandpa and grandma gave it all the way to charity and left nothing to us. That’s why we’re poor again, you know, that just doesn’t happen. And so what my I think what I really want to focus on, I think the opportunities for non profit is that what might there be an um different way to think about the conversations that you have with these donors where you help them solve a problem or maybe many problems and then you also help yourself um solved the problem. By the way, I’m getting like, way, way, wait, this is a problem when you we have no script. I’m getting like way away from the lone ranger questions. I’m going to bring

[00:35:49.36] spk_1:
you back, but I

[00:35:51.31] spk_0:
but I think I’m getting to the whole

[00:35:58.84] spk_1:
profit radio No, no, you’re not. You’re, what you’re saying is still valuable. Don’t don’t 2nd guess yourself. What

[00:36:34.33] spk_0:
I’m, what I’m getting at is that it’s lonely to be first general. It can be lonely to be a first generation immigrant. Mhm. Except that most immigrants have somehow found other immigrants and they talked, they share notes that commiserates, they help each other out. But um, first generation wealth creators are particular type of immigrants where for all the reasons that we’ve talked about, they don’t actively look for help nor was real quality help readily available.

[00:37:15.83] spk_1:
Okay, interesting, really fascinating analogy analogizing them to immigrants. Um, did you, did you put any of them together uh, since you met 20 of them and got to know them? So these folks that are, uh, feeling loan, feeling loan, I don’t know, lonely, I’m just using what I’m not saying, they’re lonely in their lives. Maybe they are, but they’re lone rangers. Did you, did you put any of these folks together? Say look, you know, I met I met so and so like two or three weeks ago. And she was saying the same thing that you’re saying, you know, one of the two of you talk or would you be interested? You know, did you put any folks together to help them? Uh commiserating at least maybe even help. Maybe at best help each other.

[00:37:21.08] spk_0:
I

[00:37:23.32] spk_1:
think I

[00:37:44.63] spk_0:
Would I would if I were asked, but with these 20, because of the promise of confidentiality, um, I don’t share their names or contact with anyone, but um, I have done webinars since then where I was asked. So how do you find these people? And then if if they asked me then I will help.

[00:37:49.37] spk_1:
Okay. Okay, well I’m like a connector. So I was thinking, you know, if I could get her permission, would you like to talk to her? Because the two of you are saying things that are really identical and maybe together, you could help each other

[00:39:15.72] spk_0:
as well as having very similar questions. And this is where I was getting at the opportunity part because they’ve asked questions like how much and when should I pass my asset to my kids and grandkids, It’s dealt with by, um, with wealth advisors on a very case by case basis. And I think that should be, that’s the way it should be done. But what’s really sorely missing is how do other families handle this right to your questions of? Well, there are other people like me, what do they do? Because they’re in my boat? Um, so as well as questions like how do I get in sync with my spouse? Um, and then they also have questions on like, how do you truly vet? um, a non, a non for profit, you know, and how do you help? Not my, you know, the nonprofits that you support become more efficient and they are aware that not coming off as because I’m a donor, I give money and um, you should do what I tell you to do. Um, things like that, you know, that productive relationship with nonprofits. So there are endless questions like this that they can talk about, not just commiserated, although commiserating is great too.

[00:39:49.42] spk_1:
All right. I don’t know. I think you could be a connector, a major connector. Um, and I notice I’ll leave that there. Uh, but you know, the title of your research is transforming partnerships with major donors. So, so let’s let’s let’s transition to some of those opportunities. You talked about problem solving that could be mutually beneficial. How do I would’ve fundraiser ceo approach someone with that with that kind of opportunity?

[00:39:59.62] spk_0:
Yeah, so I want to break it down to three steps. I want to break one,

[00:40:00.91] spk_1:
2, 3, 1, 2, 3, 3 step process. Okay.

[00:40:03.92] spk_0:
Yeah. Well, yeah, okay, you can call it a three step sauces,

[00:40:07.35] spk_1:
but I didn’t invent it, you made it

[00:42:35.30] spk_0:
up. I think the first thing is you have to really think about the questions you ask them and uh, oftentimes, how curious how respectful for how informed you are are all set out by the kind of questions you asked? Are your questions mostly really at the end of that they self serving. Um or are you only focusing on a very narrow aspects of the donors? Um or are you really broadly interested in problem solving? Now, here’s another thing that entrepreneurs like to do, they like to solve problems and oftentimes they take the same mindset towards non profit Am I really giving to an organizations that are going to solve real major problems in assisting for sustainable way. Um, so that’s the first thing is the questions that you ask And then two is reading once you really find out about uh, you know, what you could learn from the donors, is that really being able to pair what your nonprofits have to offer and that structure in a way as well as well as frame it in a way that, uh, fits the mindset of, well, oftentimes the folks are very busy, they know they need to do something, but they’re very busy. So, um, how is it, uh, how do you make it easy for them? In other words? And then, um, the last thing I would say is, um, it would how do you acknowledge them? Right. Um, it sounds really obvious, right? You know, their stewardship program, there are people will involve in thanking donors. But what I’ve found is that people found, uh, people thought there’s not enough thank you or there’s too much thank you. And they’re not thank through the right medium. And so, Uh, we’re not talking about, you know, $10 $20 where there may be hundreds and thousands of them and you can’t manage them one by one and customized it. But with major donors, it’s absolutely worth it to make sure that is customized to their preferences needs. So questions, the way that you frame as well as the acknowledgment part

[00:43:38.80] spk_1:
and the acknowledgement of the stewardship is interesting. Um, you say somewhere that they, these folks have a hard time understanding, uh, the name on a building. You know, why that why people find that appealing? Why some donors find that appealing? So, so a brick and mortar in fundraising was a brick and mortar recognition would not necessarily be appealing to them. But finding out what is appealing comes from, you know, maybe this, this three steps is sort of iterative, right? And if you’re starting to get near, uh, near something promising, you want to, you want to be finding out to about what they would like in terms of acknowledgement. Yeah. How would you like to be recognized what’s important to you?

[00:43:42.92] spk_0:
So I have a friend of mine who advised nonprofits with operations like this. And um, she helped one of them. She said, you know what, why don’t you just want to just ask?

[00:43:57.37] spk_1:
Yeah.

[00:45:25.09] spk_0:
Uh huh. So he did, he created a survey through surveymonkey and you know, they have more than a handful so they can’t just call them up and ask them individually. So, um, he created a survey and he got over 70 response rate, which is really, really good, right? If you’re for for survey. And um, so the survey basically center around 33 things. Um, how would you like to be think? How often would you like to be think and through which medium do you most prefer to be think? And it’s not only do they have really good a feedback, but it’s such a positive gesture from the non profit to the donors saying, hey, we actually admit we don’t know, but we care and we should, we know what we don’t know and we care and now we really would like to learn more from our donors And that truly is a practical, helpful, informative donor centric step to take. And by the way, her name is Lisa Greer. She also has a incredibly helpful book called philanthropy revolutions. So it’s a mixed of, um, it’s a mix of memoir, it’s a mix of research because she told her story, but she also has interviewed over 100 principal gift level donors and um, and uh, and the last mix of how to. So it’s super helpful.

[00:45:41.44] spk_1:
How does lisa spell her last

[00:45:45.69] spk_0:
name? G R E R lisa Greer.

[00:45:54.79] spk_1:
What else? What else can you tell us Esther that uh, in terms of approaching these folks? Um, how about you get, I have a question for a little more specific question. How about you get their attention?

[00:49:04.47] spk_0:
Yeah, I know, um, getting the first meeting, it’s like 50 or 60 or, I don’t know, 70 of the work just being able to get in the call. Um, I think everything matters in the smallest amount of space, which is if you have no other ways to reach them. What do most people do? Emails and so make sure that your subject lined is the most attention grabbing as well as intriguing possible. Uh, way to, to get people’s attention by the way I have. I don’t know if I can memorize the four persona um, off the top of my head. Oh actually I do, I have it right in front of me. Um, my colleague scott more Dell. Um, he is the longest serving ceo of Waipio global young presidents organizations. So these are a lot of the highly concentrated, um first generation wealth around the world, 30,000 of them are around the world. Um, he actually put the their philanthropic tendencies in four ways. Um the idealist is the first one. Those are the ones that you want to make a true impact, long lasting impact. Soft societal problem. Another one is called the legacy Leader. Those are the one who really loves to leave, make sure they name last generations and generations that they are getting credit for the big impact that they made. The third one is called the model citizens and those are the ones that look around and understand what is the highest and highest of highest level of service and they want to be there and the philanthropic effort reflects that. And then the fourth one is called the busy bigwig. That’s the ones who are busy, extremely busy and yet they know they should do something but they don’t know what and how and so back to your questions of how do you get their attention? I think you should first by starting with having a point of view of Mhm. Of these four possibilities which one is this person most likely going to be. And then once you have a persona in mind, then is a lot easier for you to craft a message with the subject line that is most intriguing and attention grabbing for you. I get, despite what my clients and friends and colleagues know about me, I still get these extremely bland and generic um email messages that are, you know, if you just replace the logo of the nonprofits, I will fit anybody

[00:49:11.38] spk_1:
at

[00:49:35.07] spk_0:
all. And so, uh that would be the first thing I think about is have a persona in mind. Even if you’re wrong, it’s okay. Even if you’re wrong, at least you have a point of view about that person. But the upside is that Even if you’re not 100 right, just having the personal, that persona is going to help you speak to that person as if you know a lot about them already.

[00:49:49.87] spk_1:
Are you only really only going to get to them through an introduction or like somebody has to give you their email or I mean there’s not a directory of first generation wealth creators, is there? I know yours was obviously yours was anonymous, but because they’re a I don’t know is there a directory or

[00:50:00.81] spk_0:
something that I think that’s a really interesting question.

[00:50:04.75] spk_1:
Basic basic is what I major in

[00:51:01.96] spk_0:
basics. So really, really interesting question. I love the way you think about things. tony Um Not only is isn’t there one um they really know how to how to hide their wealth. You know, they believe in stealth wealth, not only because of the way they live their lives, but they know how to put things in all things in trust and so everything comes through a different name. And um data can help, um, the right kind of data can, uh, data enriching as well as data matching. Um, I don’t know a ton about it, but I know enough because there’s another company that I co founded that like, that’s all we do because in the old ways, how do you get names of donors? Okay. You ask your board, uh,

[00:51:20.56] spk_1:
that’s how you start. A small organization starts. But, um, but then now, I mean, now we have social media and you can have a campaign and see who gives to that. And then you then you do some research on those folks to see who, who might be, uh, have the capacity to do more. And then you expand your relationship even with the others who may not have capacity, but our willingness.

[00:51:22.66] spk_0:
But see, I I think there’s a lot in your current database that is not being fully utilized,

[00:52:05.85] spk_1:
that maybe for some folks. Yeah. And uh well, because we’re talking about stealth wealth. I mean, yeah, that’s that’s certainly possible. I mean, these these folks live modest, live modest means. I mean, Uh at least outward. Um I mean what, 20 years ago, there was the book the millionaire next door. I mean that’s essentially what we’re talking about this is there are more Zeros now and there are more of them. And we’re in a more financially mobile society now than we were 20 years ago. But the concept is the same that there are these hidden families of wealth that that are may very well be in your database. You know, then it was the millionaire next door now the millionaire in your the ultra high net worth in your database.

[00:53:26.15] spk_0:
Yeah. And when you, you know, go back to the questions, the way that you ask questions of when you have an opportunity to talk to a donor directly. As well as the way that you ask questions about your databases. Um That can really help you look for hit millionaires billionaires right in front of you were in front of your eyes. I wouldn’t be surprised that there are already uh but you aren’t you’re you’re not even aware that you’re pretty close when lisa and night um because of our share passion about this topic and she’s really doing it full time. I’m doing this. This is because This is my baby. Uh you know the first time she wanted to make a a principal gift um to her local hospital. Um she uh budget for $2 million dollars for her hospital and it took the hospital seven months to pay attention to her. And $2 million dollars isn’t a small amount for that hospital. It is definitely a major amount.

[00:53:57.95] spk_1:
But the latent, unconscious sexism, I’ve heard this from women. I do plan to giving fundraising, but I’ve heard this many times from women just ignored when they made explicit overtures. Not just subtle hints, but explicit overtures. You know, I want to do this. I want to remember the organization in my estate plan and, you know, ignored, repeatedly ignored. So, unfortunately, what you’re describing, your friend, lisa’s, uh, I don’t think it’s so uncommon.

[00:54:03.23] spk_0:
Yeah, I

[00:54:21.34] spk_1:
think it’s, I think there’s some, I think there’s just unconscious latent sexual, uh, not sexuality, sexism, uh, uh, in fundraising, it’s and money is left on the table as a result, died from the morality of the, uh, of the, of that that misunderstanding.

[00:54:41.64] spk_0:
Yeah. Yeah. So, so it’s haven’t seen quantitative research on just how frequently that happened, but that’s leases from her research, from her personal experience from your experience. So I think there are actually plenty of money within reach of nonprofits that they probably have missed, but they didn’t know they have,

[00:55:25.64] spk_1:
we’re gonna leave it there, it’s perfect. Now you have opportunities and I know that our conversation has stimulated thinking about how to find these folks and how to transform your partnership with them Esther choi the research is transforming partnerships with major donors. I’ll give you the full title aligning the key values of first generation wealth creators and fundraisers in the age of winner takes all. You get the research at Leadership Story Lab dot com. That’s where Esther’s company is. Leadership Story Lab and also at Leader Story Lab, Esther choi I want to thank you very much.

[00:55:27.50] spk_0:
Thank you. This is such an invigorating conversation, thank you for the opportunity.

[00:55:47.64] spk_1:
Thanks for saying you’re glad that I asked you were one of the generous, generous guests. I’m glad you asked that I got, I got chills. Thank you Esther next week, overcome your fear of public speaking. If you missed any part of this week’s show,

[00:55:50.02] spk_0:
I beseech

[00:56:00.84] spk_1:
you find it at tony-martignetti dot com. We’re sponsored by turn to communications pr and content for nonprofits. Your story is their mission turn hyphen two dot c o

[00:56:03.44] spk_2:
Our creative producer is Clear. Meyerhoff shows social media is by Susan Chavez. Mark

[00:56:08.57] spk_0:
Silverman is our web

[00:56:09.49] spk_1:
guy and this music

[00:56:13.74] spk_2:
is by scott Stein, mm hmm. Thank you for that information, Scotty be with me next week for nonprofit radio big non profit ideas for the other 95% Go out and be great.

Nonprofit Radio for March 15, 2021: Relationships With Funders

My Guest:

Shavonn Richardson: Relationships With Funders
There’s too much transactionalism and not enough relationship building between nonprofits and their institutional funders. Are you a transactionalist? Do you want to walk toward the light of relationship fundraising with foundations and corporations? Shavonn Richardson can show you the path. She’s CEO of Think and Ink Grant Consulting.

 

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Board relations. Fundraising. Volunteer management. Prospect research. Legal compliance. Accounting. Finance. Investments. Donor relations. Public relations. Marketing. Technology. Social media.

Every nonprofit struggles with these issues. Big nonprofits hire experts. The other 95% listen to Tony Martignetti Nonprofit Radio. Trusted experts and leading thinkers join me each week to tackle the tough issues. If you have big dreams but a small budget, you have a home at Tony Martignetti Nonprofit Radio.
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[00:00:13.94] spk_3:
Hello and welcome to tony-martignetti non profit radio big

[00:01:56.24] spk_1:
non profit ideas for the other 95%. I’m your aptly named host of your favorite abdominal podcast. Oh, I’m glad you’re with me. I’d get slapped with a diagnosis of African trypanosomiasis if you bit me with the idea that you missed this week’s show. Relationships with Funders. There’s too Much Transactional is, um, and not enough relationship building between nonprofits and their institutional funders. Are you a transactional ist? Do you want to walk toward the light of relationship fundraising with foundations and corporations? She, even Richardson, can help you. She’s CEO of Think and Ink Grant Consulting, tony State, too. Podcast pleasantries, reduction. We’re sponsored by turn to communications, PR and content for nonprofits, your story is their mission. Turn hyphen two dot c o. I’m very pleased to welcome shaven Richardson to the show. She is founder and CEO of Think and Ink Grant Consulting. She worked as a program manager for a corporate funder, deploying over a million dollars in grants and sponsorships to Atlanta nonprofits. Now she gets grants for her clients and has successfully leveraged over $25 million in funding. She’s a Forbes thought leader and serves on the board of directors for the Grant Professionals Association. She’s at Shavon Richardson and her company is at Think and Inc grants dot com. Welcome to nonprofit radio Shabaan.

[00:01:57.78] spk_0:
Thank you, Tony. Thanks for having me.

[00:02:02.04] spk_1:
Absolutely. It’s a pleasure. Do you know the shaven Richardson who stole your name from Twitter before you before? I

[00:02:08.81] spk_0:
wish I could hunt her down and get her her Twitter tag. Yeah, that would be more convenient for sure. You

[00:02:17.04] spk_1:
haven’t. You have not threatened

[00:02:18.09] spk_0:
her? Not yet. Not yet. But if you find her, let me know.

[00:02:21.14] spk_1:
Okay, well, we know how to find her on Twitter. She’s Ron Rich. Uh, we don’t like her Shiban Richeson

[00:02:28.70] spk_0:
on

[00:02:36.64] spk_1:
Twitter. So you have the, uh, background of being a program manager. You are concerned that and I obviously you saw this as a program manager that folks are are to transactional, right? They submit these blind applications they don’t have relationships with with program managers like you. You wanna like you used to be. You want to turn that around?

[00:03:20.44] spk_0:
Yes. Yes, yes. I was a program manager at Bank of America Foundation. Oversaw a lot of the, um, grants that came in and sponsorships that would come in. Reviewed applications, build relationships with non profits. And I think my biggest pet peeve was, um, someone committee what we call a cold application without any outreach to our office or any connection or we knew anything about.

[00:03:25.44] spk_1:
So even with Bank of America, we can we can have we can. We can establish a relationship with a person at Bank of America

[00:03:32.19] spk_0:
Foundation that it is doable.

[00:03:36.64] spk_1:
Okay, all right. And I presume the folks with the relationships have a better shot of getting funded, right?

[00:04:11.94] spk_0:
Why are they overall, just in general? We’re talking about any funder, right, whether it’s a corporate funder or a family foundation or any sort of private foundation, the more they know about you and more about your nonprofit organization and more about the really valuable work that you’re doing. Um, they’re more. They’re in a position to make a determination whether they want to invest in support, that the work you do. So it’s all a part of getting to know you. You’re getting to know them and making sure that there’s an appropriate match,

[00:04:40.84] spk_1:
because the program manager is basically an advocate for your grant application, right? If they believe in it, then they have to bring it up. Obviously, it’s certainly a Bank of America, you know, to bring things up to folks, folks above to to get approved funding. So, like, aren’t you? Isn’t the program manager basically the advocate for the grants that that, uh, he or she believes in?

[00:05:25.34] spk_0:
Yeah, well, you know, they can be an advocate, right? It just really depends, because every fund is different, right? So, you know, some funders will have the program managers make the decision as a group as to who gets funding. Sometimes the program managers are in a position to kind of gather all the applicants, maybe writing a summary, uh, what the program is, and then maybe boarding it to a board of directors or a committee or a group of non profit leaders that are responsible for actually making the decision. But either way, a program manager is involved in the process. Um, and the more they know about you, the more that you know, there might be some opportunities for them to be an advocate if it’s appropriate.

[00:05:41.74] spk_1:
Okay, So if we’re thinking about, uh, let’s start with the corporate since you were on the corporate side and then we’ll talk. We’ll talk about foundations to, um, But let’s start with the corporate side. How do you? Well, I guess it starts with research. You’ve got to make sure you’re talking to a corporation that funds the type of work that you do in the area where you are, right. So it starts with good research,

[00:06:58.04] spk_0:
especially research, you know, especially large funders, large corporate funders to get a lot of emails and calls from everyone right about different things. But if you just start with going to their website and learning more about, they’re giving priorities. Every corporate funder has given priorities or their focus areas on their website. You want to make sure that the work that you’re doing is in line with one of those focus areas so that you’re not reaching out to a funny to say, Hey, do you support this really cool thing that I’m doing when it’s already very clear on their website that they do or they don’t all the times they’ll have, like a little survey of yes or no questions to see if you’ll be eligible to apply, so that’s that’s the first step. The next step would be kind of, um, the outreach, right? Some will say, Hey, we don’t have the capacity entertained phone calls. If you want to engage with us, please send in a l O I, which in our industry is considered a letter of intent or a lot of interest. So that’s just a quick summary of your program for them to get to know you. Others have just a general inbox, um, email that you’ll find on their website. If you have questions, you know, here is a way to contact us. So those are kind of like the first ways to start connecting with a potential corporate funder and build a relationship.

[00:07:11.57] spk_1:
If there one that’s willing to take calls, you, uh, you pick up the phone and what do you say?

[00:07:18.84] spk_0:
Well, I say they were at least I can say, at least for our clients that it’s a very strategic conversation we actually plan. Yeah, just don’t pick up the phone calls. They take calls school. I mean,

[00:07:33.94] spk_1:
let me chat them up about my work. Okay, So what do you think What are you planning before you before you do pick up the phone?

[00:09:00.44] spk_0:
Yeah. So if everybody gets on the phone, it’s always good to have at least one or two people that you’ve connected with, um, as far as their contact information. Right? Because folks leave, folks come and go all the time. So the one person that you’ve connected with, if they leave, then you’re you’re kind of out of luck. So it’s good to have, you know, to contact, right? Um, if you reach out via telephone to arrange some time on someone’s calendar or via email, I would always say limited to 15 minutes, right? They’re busy people. And in that 15 minutes, you have a clear understanding of what you’re talking about. Oftentimes with our clients, these unscripted conversations that we plan, we’re not scripted word for word. But we do have a strategy as far as what we want our clients to share during those conversations and really stick to it. Um, in the end, leave a few minutes for any questions. Um, always end with a like a follow up like, Hey, you know, how can we stay connected? Is it okay if I, you know, seeing you a letter from a person we just recently helped, or how can we stay connected and and And that’s a start, right? And to keep it a warm connection, right? Figure out ways to keep them engaged, to always keep my breast of the work that you’re doing. And I think the key point is to do this regardless. If there is a pending grant deadline, do this when there’s no grant deadline, right?

[00:09:28.64] spk_1:
I was gonna ask about that. Okay, So there’s no, there’s no even grant deadline yet. You’re just opening the channel before so that you’ve you’ve made the point in a couple of your blog posts or videos that, you know, don’t wait until two weeks before a deadline. You try to open a conversation, you’ve you set yourself up like maybe not definitely for failure, but you’ve You’ve made it a lot harder on everybody. So So this is before there isn’t even a day before There’s even a deadline posted.

[00:09:48.24] spk_0:
Exactly. And you know, sometimes if you do this work without a deadline, sometimes when a grant does come down the pipeline, don’t reach out to you and they’ll say, Hey, you know, we’ve been talking for the last six months. I think this is a good opportunity for you. Check it out and they’ll just forge you an opportunity. And that’s that’s even better, right? Because that means that your top of mind for them,

[00:11:03.44] spk_1:
it’s time for a break. Turn to communications. You know, the relationships that turn to has. These are examples. Examples. The Wall Street Journal, The New York Times, CBS Market Watch, The Chronicle of Philanthropy. Those are the biggest. They have others, and they’ll make others others where you belong, where they can help place you so that when there’s a news hook that you belong in, they know who to call. They’ve got the relationships relationships. That’s how you get yourself positioned in the media that you want when you want it there at turn hyphen two dot c o. Now back to relationships with funders. You see the symmetry here you see, you see how it’s all connected with the relationship theme transcending. It’s resplendent with relationships. Unbelievable. So in that phone call or in these series of calls, as you’re keeping in touch with them, you’re trying to show them how your work aligns with their funding priorities. I mean, especially in that first. Like you said, a 15 minute phone call. You’re trying to hook them into what you do and how it overlaps with what they fund, right?

[00:11:19.94] spk_0:
Exactly. And I think when people go wrong is that they just they’re just so excited just to share all the work that they’re doing and they make it about them. But you know, these social, corporate friends, this is not altruistic. Giving is like it’s a reason why they’re investing in you is because you’re aligning with what they need to do. So always to keep the funder in mind and making sure that you are aligning to what they are looking for.

[00:11:46.94] spk_1:
And then over time, as you’re keeping in touch, is it okay to email them when you maybe have a big success? Or I don’t know, uh, email them announcements. Maybe about a couple of new board members. I mean, is that kind of stuff appropriate? Is that is that a good way to be keeping in touch with them?

[00:12:00.54] spk_0:
Exactly. Right. Exactly right. Press releases, uh, update new things that are happening. That’s always good to kind of keep them in loop. I discourage people from including them on your mass newsletter distribution list. Um, that’s a big no, no, definitely any personalized communication. If you want to extract information from your newsletter, that’s fine. But let it be personal. Let it be from the executive director. Uh, I know I personally have small when I’ve received stuff in the mail. Like I’ve received pictures of those that we’ve helped with a little handwritten letter in crayon. Hi. Thank you so much for the grant. That’s a tear jerker. And a lot of times I would put them up in my office. I was just going to say

[00:12:43.05] spk_1:
that. I bet you put them up

[00:12:44.01] spk_0:
in your office. I put my office

[00:12:45.78] spk_1:
crayon letters from, like, a seven or eight year old.

[00:12:50.24] spk_0:
Yeah, put them up in my office and, you know, there you go There on my mind. 3 65. So, um, getting something in the mail, you know who gets stuff in the mail anymore, right? So it would stand out. I’d say, Wow, it’s a package on my desk. What is that? And it really made a difference. So anyway, that you can engage them, whether mailing something or be email not too often, but when you really feel like there’s something significant that you’d like to share,

[00:13:50.94] spk_1:
so it’s not really that uncommon. I mean, it’s not really that different than keeping in touch with individual donors, you know? All right, So you’re saying you know, you wouldn’t include them on your in your e newsletter mail list? Okay, that’s that’s an exception. But you know, your major donors, like you’re inside individual donors, you keep in touch with them. You build relationships with them for when the time comes that you are going to be asking them. I mean, these are all strategic relationships. They’re not like you said. They’re not altruistic. Uh, you know, there’s a purpose behind these, but it sounds parallel to individual relationship building.

[00:13:54.74] spk_0:
It is okay. It is very parallel, and it’s so odd. I know I know a lot of fun reasons that are like, really good at engaging with individual donors, and I tell them like that that’s just not my jam. And then I think about it like, but there’s really a lot of like you could really apply to say, strategy. So that doesn’t mean that, uh, you know, it’s it’s necessarily a difficult thing. It’s just you just have to do it right? Like how it with a strategy and apply it

[00:15:11.54] spk_1:
because even Bank of America is made of people. Yeah, right. I mean, you’re you’re a person. You have feelings you like to be kept in touch with. You know, you like to get warm, soft, fuzzy, You know, things in the mail, like you’re saying so. You know, even Bank of America is made of people, so connect, connect on a personal level. All right. All right. So then let’s just follow that that relationship through a little bit. So now let’s suppose there is a grant application deadline Now it’s I don’t know how. How far in advance do we find out about these things? Like, three months or six months? Random varies. Okay. All right. So you find out now there’s an application. Three months, three months. You’ve got three months, but you’ve got a relationship with the with the company. Um, what do you do? You pick up the phone and say, Well, you know, can I apply or do you You just apply or you can leverage. How do you leverage your relationship?

[00:15:14.20] spk_0:
You pick up the phone, you send an email. Hi, Sally. We just saw that you guys have in our p available or a great opportunity available. And it’s due in June. Whatever. Whatever. We’re definitely interested in applying. This is the program that we’re looking for funding for. What do you think? Do you think this would be a good fit? Thank you so much for your time. I know your time is super, super precious, and you’re super busy. But thank you for your time. And any insight that you can provide will be very helpful.

[00:16:06.54] spk_1:
Okay. Okay. Um and then you go ahead. I mean, you got to follow. You gotta follow all the details. You make the point somewhere that if it says font size 12 and you do font size 11.5, you’re putting yourself at risk. Exactly. Okay. And then your work, of course, is preparing. You know, you gotta get budgets and referrals, and you gotta You gotta follow the follow all the guidelines.

[00:16:28.04] spk_0:
Yeah, well, a lot of our work, we’re unique at thinking and great consulting because we cover all aspects of great seeking from beginning to end. Uh, we do the nonprofit consulting to strengthen your organization, so you submit a strong proposal. We do, the research will go and find a good opportunities Will do the actual writing what you’re referring to. And we actually do the evaluation support. So we’ll evaluate the program. Um, at the end of the program, a lot of nonprofit leaders have to form four different relationships just to get all of that done. Um, but our team actually has people on staff to do all of those things, So we make it really easy for nonprofit leaders.

[00:16:52.04] spk_1:
We were talking about grants, grant application, But how do how does it vary if it’s if it’s sponsorship,

[00:18:04.34] spk_0:
uh, sponsorships? It’s And it’s weird because it’s changing with sponsorships. Before, It used to be just a marketing spin, right? It was awareness, and I’m talking about corporate funders. It was just bringing awareness to a brand, right, Um and it was tied to kind of like, you know how many people are going to see us and you know, the quality of the target market that we’re engaging and all that and I find that, like, sponsorships are getting more like grants now, like they want impact. They want, um, outcomes and objectives and all of that. So they’re kind of like a hybrid, so to say. But grants are definitely just, um, very structured. Just the classic K. You know, what is your mission? What is your program? What is your budget? What you’re hoping to achieve? How are you going to measure success? The application for a sponsorship, I would say, would most likely and again these lines are blurring, not be as intensive, although they do vary by thunder. Um, but, um, yeah, so I would say that they, for the most part not as intensive. But I find them getting a little more intense as far as asking very similar related questions.

[00:18:17.34] spk_1:
Are you seeing a lot of companies that want employee engagement as a part of sponsorship agreements?

[00:19:12.94] spk_0:
Absolutely. So the employee engagement pieces key and what that looks like is having employees opportunities for employees to come out and volunteer with a non profit organization. Or sometimes it’s the exact opposite. There’s some corporate funders that won’t even give to your nonprofit if it isn’t recommended by an employee or former employee is not, you know, um, active on the board or volunteering, or that they will see kind of employee recommendations before they give or give a preference. Or sometimes they’ll even be a question. They’re like, Do you have some of our employees that are engaging with your nonprofit like, What is their role? And a lot of those questions are optional, but some, um, won’t even give unless it’s like referred to employees. So employing instrument is key. And I think a lot of nonprofits overlooked at because that is something that corporate funders value. But sometimes nonprofits don’t always have the capacity to engage

[00:19:46.34] spk_1:
right, You know, if it’s a sizable company, I mean, they want maybe hundreds of employees engaging in a volunteer capacity or like I’ve heard of, you know, maybe stuffing backpacks or, uh, if it’s, uh, it’s a soup kitchen or something, you know, then then there’s ability for cooking and serving and an administrative work as well. But it could be like you’re saying. I mean, it could be a capacity thing like you just you may not have the capacity to manage the number of employees that they want to have volunteering.

[00:19:56.84] spk_0:
Exactly, because, I mean, you need a volunteer manager. You need to you know, it has to be a good experience for the corporate sponsor.

[00:20:28.84] spk_1:
All right, So you you got to manage capacity to think about what’s appropriate. But on the other hand, you know, it could be a small It might be a small local company where, you know, maybe they just have, like, 20 employees, and they want to send half of them, you know, once a month to spend five hours or something. So maybe you can Maybe you can accommodate 10 employees for five hours twice a month. Okay. Think about. All right. Um, what do you What do you say you mentioned the l. A y. The letter of inquiry or interest? What do you What are you saying in an l O I

[00:21:37.64] spk_0:
so L o I, um some some funders will give specific instructions on how to respond. It’s almost like a mini grant, right? Um, others are just kind of open ended. Like, hey, just send us an l o I. And so for the open ended alloys, usually it’s just a brief summary of your organization when I say brief, I mean brief. It is not. A whole historical layout of your organization is very brief just to give them some contacts for you to start talking about your actual program. So once you give a brief overview of your organization, give a brief overview of the project very succinctly and talk about how your project can potentially in line with a lot of the great work that, um, the funder is doing. Depending on who the front er is. You know, you may want to end it with, you know something to to make you stand out or really aligned with what the fund is looking for. But in essence, that is what l. Y looks like.

[00:23:39.04] spk_1:
It’s time for Tony’s Take two podcast pleasantries. I’m enjoying sending the podcast pleasantries, which at times have been podcast pleasantries. But they’re not today. These are the ones that have survived the pleasantries because, you know, it makes me nostalgic for the studio days when there were live listener love, affiliate affections and podcast pleasantries. Yes, the Studio days with Sam the podcast pleasantries are the only ones that survived. Uh, the other audiences, uh, Well, I cast off. It’s not that they not that they departed. I cast them off the podcast pleasantries. And I mean the affiliate affections and the live listener love in that order. So I’m I took the initiative. And what remains is our biggest audience. The podcast audience. You? Yes. You listening right this minute. I’m sending pleasantries to you. I’m grateful you’re a listener. How much plainer can I make it? And I don’t know. Yeah, I’m enjoying sending these podcasts pleasantries. They may end. I’m not sure. I’m not sure when the podcast pleasantries will end. Let’s just Let’s just go with it. See how it feels. Weak, Too weak. I think that’s the the best strategy not to make any commitments, long term or otherwise. Pleasantries to you, our podcast, listeners. Thanks for being with me. That is. Tony, take two. We’ve got Boo Koo, but loads more time for relationships with funders with shaven Richardson. Let’s go back to where you You are submitted your grant application. Now you’re waiting. Mhm. Mm. Can you leverage your relationship that you that you have with the with the funders to ask? How was it received? How does it. Look, What am I? What are our chances Look like, What can you do after you’ve submitted the application? Hopefully by the deadline. If you didn’t make it by the deadline, you’re

[00:24:31.74] spk_0:
out, right? Yeah, exactly. They hold fast to the deadline. I would say. I mean, this is very a really difficult question to answer, because while an application is being reviewed, you don’t want the appearance that you’re trying to sway a prog program. Managers mind or influence it while it’s pending. So oftentimes, um, if you check in, they won’t respond because they’ll say we’ll get back to you after X y z deadline. And that’s it. So for some, it’s it’s sitting. Wait, Um, if you’re fortunate to have some type of in and get some insight, then that that that’s just pure fortune because you definitely want to have the appearance that you’re trying to influence or get a ahead while they’re in the process of reviewing applications.

[00:24:45.92] spk_1:
Okay, so the decision is supposed to be made based strictly on the application

[00:25:14.14] spk_0:
at that point. Yeah, because, you know, it’s it’s a competitive thing, right? So, you know, you can ask all the questions you want prior to submitting, right? Build all the relationships you want. Um, once that deadline hits, they have all the applications in, um, they’re in the process of reviewing the applications, so you almost have to allow that to go. But if you do find someone that says, Hey, I was in the room and it gave great feedback or with the face to it, like that’s just that’s just a blessing, because that that definitely doesn’t happen.

[00:25:45.74] spk_1:
Okay, Okay. So don’t don’t don’t overreach like then you’re then you’re taking advantage of the relationship, and that’s obviously a negative. Okay, um but it sounds like you would encourage folks to to definitely be in touch during the application process while you’re if you’re not sure about what, How to answer a question or, you know, as you’re preparing the application, it’s it’s fine to be in touch,

[00:26:20.74] spk_0:
of course, and I would even take it a step further. I would even say, Don’t submit an application if you have not had some type of outreach or connection with someone in the office. I mean, really like like we call it submitting a cold app, just submitting it blind you’ve never had a conversation with anyone in the office, there’s no connection. The most likely look at you and they say, Well, who is this person? All right, Well, maybe we want to prove it now because we need to get to know them better. Maybe they will reapply, and we’ll consider it then. So I would definitely say before you even think about submitting an application to have some type of connection, some type of outreach with the thunder. First,

[00:26:38.04] spk_1:
let’s switch to the the private foundation side. Is it very different relationship

[00:27:59.94] spk_0:
wise? I think it’s the same relationship wise. I think access and capacity is different. Uh, there’s some foundations that have, um, our all volunteer led. They don’t have paid staff, right, So you may not be able to get someone on the phone to talk to. They may have board meetings once a quarter, Um, and you just have to submit and wait till they meet, right? And so the capacity is limited, But then you have other foundations that are very, very friendly and very open to talking to people and encourage the outreach and have the time and the resources available so It depends on capacity. I know that covid and working from home change things a little bit as far as capacity. Uh, you know, before we might have been able to get, um, folks on the phone when they were in the office. But now that their home, it’s like, um, they have a bigger workload now because of shifts in, you know, staffing and different things that have changed. So getting someone on the phone might be harder, because now they have so many applications to manage, right? Because every nonprofit needs money, especially now in the middle of a pandemic. So, you know, maybe when they were in the office, people endemic, they might have had some time to have a conversation with you. But now that they’re working from home, they might be down a staff member. They have more applications. Their capacity may not be the same.

[00:28:20.04] spk_1:
All right, so yeah, I guess you would start with the website to try to figure out whether they accept calls, right? And inquiries by phone, like you were saying on the corporate side. But after that, just I mean, if if the website doesn’t really say, just reach out and try and see what see what happens.

[00:29:23.14] spk_0:
Yeah, and I will also say not to to make it more complicated. There’s some foundations out there that don’t have websites. No way to connect with them. Um, you might get a phone number, right? Like there’s foundations that don’t have websites. And so that’s why sometimes beyond just your normal a Google search. Um, sometimes I will say, you know, go to a great writing firm or nonprofit consulting firm. And if they’re willing to do some research for you, um, go that route because I know we have, you know, just relationships with funders and people who worked with that don’t have websites. But we have, you know, the connection there and were able to kind of, like, you know, make an introduction or do something, and we have our ways of finding out who sits on the board and you know how to make those connections. And so, you know, try to do as much as you can on your own. But I would always say, like if you need help, like, don’t be afraid to kind of reach out for help, especially if it’s one time support, right to get of insight on opportunities are available out there and the relationships that you need to build.

[00:29:54.74] spk_1:
Okay, Yeah. A foundation that doesn’t have a website. Sounds pretty closed. I mean, they’re not even They’re not even telling publicly what their funding priorities are. So you have to drill down and do research. What about the, um Well, it used to be the foundation center. Now, is it candid the the, uh, the service that they have, which is a subscription service for grants for foundation research? Yeah, F c. I forget what it used to be called FC Something

[00:29:58.78] spk_0:
etcetera online

[00:30:08.24] spk_1:
foundation center online is that? I mean, I know, I know listeners have to subscribe to it, but is that a valuable, um, research tool?

[00:30:15.94] spk_0:
Absolutely. A lot of those those foundations. Um, some are have websites, some don’t. Right. Um and so using as a resource, you can always pull up the funders they linked to nine nineties. So you’ll see an address and a phone number and a list of board directors. And there’s a lot of insightful information, so that’s definitely a good resource.

[00:30:42.34] spk_1:
What about on the federal funder side talking about a federal agency. What’s the relationship building like potential there?

[00:30:48.34] spk_0:
Yes, that’s a good question. So it’s kind of different, right? It’s not as, um personal as far as sending emails. Hey, this is what we’re doing. It’s more informational. And so every foe. And that’s the opportunity announcements for federal grants, mainly. Yeah, we

[00:31:08.73] spk_1:
have. Sorry. What the heck is a PFOA

[00:32:25.64] spk_0:
federal opportunity announcement? You’ll hear it reference that you’ll also hear RFP but this RFP saying for I don’t know. Sorry, guys. Yes. Okay, so, um, so with that, you will always see a list of everything you need for the grant. What to include? How to submit. Um, and usually will have multiple documents sometimes. Um, if you go to their website, you’ll see frequently asked questions. Always attend. The webinar always have the opportunity to ask questions during the webinar if you didn’t attend a lot of times to have replaced. So it’s good to attend that first. And I say this because they always have a contact of a person to reach out to. If you have questions, you want to be able to reach out to that person. If you have questions but asking questions in a way that you’re kind of sharing more information about what you all are doing and building a relationship that way, like having a person that you can go to to ask questions. The reason why I heavily recommend reading the RFE in its entirety and listening to the Webinar because you do not want to ask questions that have already been answered. I don’t like that they don’t like that. You’re not demonstrating that you’re listening or paying attention or doing anything right. So having that person that you can ask questions is away. I mean, I don’t want to use the relationship, but it’s a way that so that they know that you’re serious, right?

[00:32:45.14] spk_1:
It’s a more professional. It’s more. I mean, these are all professional relationship, but this one’s a little more arms length.

[00:32:46.94] spk_0:
Yeah, more arms lane.

[00:32:48.64] spk_1:
Okay.

[00:32:49.23] spk_0:
Yeah, no sending. You know, emails of the latest updates. Like, you know, none of that. Nothing in the mail like it’s a professional relationship for sure.

[00:33:26.14] spk_1:
Okay. Okay. Um let’s see what happens when, uh, when you get turned down? Suppose you have the Suppose you have the relationship. I don’t care whether it’s corporate or private or federal, well, federal. You have some kind of relationship, but whatever you get turned down, But you do know somebody at the at the thunder you’re you call sobbing, you’re not sobbing, but you’re disappointed. You know what? What do you What do you recommend when you get the rejection?

[00:34:15.04] spk_0:
Yeah, well, you know being rejected is never easy. It’s often disappointing. I say that that that’s an opportunity to position yourself for your next wind, right? Um, I always ask for feedback on the application and some things that we could do better to strengthen application next time. I think that’s very invaluable to get that sort of insight and be able to resubmit. But taking consideration, the insight that was shared and also just, um, keep on applying for other grants. And I’m going to speak to the emotional piece because I think sometimes it discourages nonprofit leaders to a point where they lose their steam right, and they don’t want to keep applying. But I will say rejections do happen. Um, keep applying to the next great opportunity, see it as a learning lesson and see it’s an opportunity for the funding to get to know you better, and for you to get to know the funder better and just be more aligned with what they’re looking for.

[00:34:39.34] spk_1:
Okay, so it’s it’s good to reach out and get the feedback.

[00:35:52.54] spk_0:
I’m not. And with federal grants, I’m just going to add this. Um oftentimes, reviewer, um, well, provide comments on the proposal and know that you can always ask for those comments. Okay. And that’s feedback as well. So that’s how you get feedback for a federal grant for foundation grant. It’s Hello. We received the decline letter. Would love to get any feedback that you can provide to improve our chances for applying in the future or to be better line now. You may not always get a response because, especially with corporate funders, um, you know, they don’t ever want to put it out there like they’re giving one non profit and advantage over another. So sometimes they may just say if they do reply, they’ll say, Um, yeah, you know, you didn’t make it. You know, here’s the link if you want to apply it in the future, and so if you don’t get a response, don’t be surprised, but definitely try to get some insight. Okay?

[00:35:53.54] spk_1:
And you might have that relationship. Is it okay to pick up the phone to the person that you have the relationship with and ask them? That’s not overreaching it?

[00:36:05.03] spk_0:
Not at that point. It’s already been decisioned. Okay, Okay.

[00:36:08.33] spk_1:
What do you want to spend a little time talking about? I’ve been asking all the questions. What? What do you think? Relationship building wise. Haven’t we talked about that? You want listeners to know?

[00:37:10.43] spk_0:
I just want to emphasize the importance of doing. And I know that nonprofit leaders, executive directors, those that sits on sit on boards your time is stretched and we understand that, and we know it and there’s so many competing priorities. But I do recommend for nonprofit organizations to have a relationship building strategy. The top 20% of the folks on your list that you want to reach out to this year and focus on that 20% have a strategy in place. And it’s not only just calling and emailing, but also engaging in person when we’re able to write in the community right? That’s another way to build relationships and have those authentic connection. So I know it’s definitely sometimes not easy because there’s so many responsibilities. But it is definitely, definitely important. And it will take you much further than what you think.

[00:37:17.83] spk_1:
You practice yoga, right? Do does your Does your yoga practice inform your work? Is that impact your your work?

[00:37:48.73] spk_0:
I will say it keeps me ballots, right? Like I think everyone and I encourage nonprofit leaders and business owners alike to find something that keeps you balance. Because writing France, uh, is sometimes can be really stressful, right? It’s It’s a high pressure, deadline driven industry. Very cerebral. I’m fortunate I’m an introvert. So this this works very well for me, right? I am. I’m in the right profession for sure. Sound

[00:37:57.66] spk_1:
like an introvert?

[00:38:03.42] spk_0:
I don’t. I am. I am an extroverted introvert. That

[00:38:15.82] spk_1:
sounds a little a little oxymoronic. What is an extroverted introvert? You are one. But how do you It depends on the setting. Is that like you? If there’s a microphone in front of you, then you’re an extrovert. But if you’re at a party, you’re an introvert. What? How does that work?

[00:39:06.82] spk_0:
Well, what it is if you’re an introverted person you refuel yourself by doing introverted activities. So if it’s being by yourself or reading and writing, that’s what you reveal yourself. And then when you do extroverted activities, it drains you right. You feel like you have to kind of come back to your reading and writing to refill yourself. Extroverts are the exact opposite. They reveal themselves by interacting with people and talking and began doing things. And then if they’re doing something that’s like, quiet and reading a book, it drains them. So you really have to identify what drains you and what feels you and I know being introvert fuels me, and I do like doing extroverted things. But when I do them, I am completely a exhausted. If I’m speaking somewhere, I have to plan, uh, the next morning to just decompress and do some yoga and some introverted activities to kind of re fuel myself. Before I kind of get back in the mix of things

[00:39:20.82] spk_1:
you ride horses to.

[00:39:22.75] spk_0:
I do

[00:39:24.72] spk_1:
so that’s another. I guess that’s an introverted active right. That’s a solo. I mean, you could be just one of the person or something, but that’s pretty much a solo activity is,

[00:39:43.22] spk_0:
you know, and I look at the things that I do like to do, and they tend to be so activities. It’s just This is very strange, although I I like people. I have a great team, were really well connected. But I do know that I enjoy horseback riding and yoga and doing things like that.

[00:39:47.22] spk_1:
All right, the extroverted introvert. I understand now. It’s what you get, which you derive their energy from exactly. Okay, so now you’re exhausted talking

[00:40:06.41] spk_0:
to me for a No, I’m good. I think this was This was good. This is a nice balance for me. I think. You know, if I was doing a keynote somewhere, I’d be totally exhausted. That’s different. Yeah,

[00:40:09.13] spk_1:
non profit radio is not exhausting. No,

[00:40:11.36] spk_0:
no, it’s good.

[00:41:05.21] spk_1:
Thank you, Stephen. Thanks very much for having us. Sheldon Richardson. She’s at Shavon Richardson, and the company is at Think and Inc grants dot com Next week, Jeanne Takagi returns with Build Your best Better board, Bud. Maybe we’ll leave out the bud. That’s sexist. Keep that. Keep the butt out. It’ll just be build your best Better Board and Jeanne Takagi, always a pleasure to have him look forward to that. That’s your next week’s show. All right, if you missed any part of this week’s show, I beseech you find it at tony-martignetti dot com. We’re sponsored by turn to communications, PR and content for nonprofits. Your story is their mission. Turn hyphen two dot c o. Our creative producer is Claire Meyerhoff Shows Social Media

[00:41:08.33] spk_3:
is by Susan Chavez

[00:41:09.70] spk_0:
Mark Silverman

[00:41:17.31] spk_3:
is our Web guy, and this music is by Scott Stein. Thank you for that affirmation. Scotty, be with me next week for nonprofit radio. Big non profit ideas for the other 95% Go

[00:41:38.31] spk_1:
out and be great. Mm, yeah.