Tag Archives: Tony Martignetti Nonprofit Radio

Tony Martignetti Nonprofit Radio for October 22, 2010

Big Nonprofit Ideas for the Other 95%

Compliance. Board relations. Fundraising. Technology. Volunteer management. Accounting. Finance. Marketing. Social media. Investments.

Every nonprofit faces these issues and big nonprofits have experts in each. Small and medium size nonprofits have Tony Martignetti Nonprofit Radio. Trusted experts throughout the country join Tony to take on the tough issues facing your organization.

Episode 14 of Tony Martignetti Nonprofit Radio for October 22, 2010

Tony’s Guest:

Larry Sharpe, Director of Neo-Sage: Smart Sales Training Strategies to Kick-Start Your Fundraising

Larry’s bio:

Larry Sharpe has a varied background which began in the United States Marines. He’s worked as an English teacher, an English Coordinator for the Japanese Government, and a marketing rep for the Armed Forces Radio & Television Network. In addition to starting two family businesses, he has also worked with former NYC Police Chief, Bill Bratton, in corporate sales of Pre-employment Screening & Background Investigations, and a multitude of other sales positions. Now, with Neo-Sage, he is passing all that knowledge and experience on.

He’s the Director of Special Projects for the World Energy Forum. He is also a Guest Instructor at Columbia’s Graduate School of Business and the New York Fashion Institute of Technology, as well as the host of The Ivory Tower Internet Radio Program.

Larry has a Bachelor’s Degree in Anthropology from the University of Maryland and a Certification to teach English from the International Center of Language and Culture. He lives with his wife and two daughters in New York City.

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When and where: Talking Alternative Radio, Friday, 1-2pm Eastern.

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Here is the link to the podcast: 010: Sales-Based Fundraising Strategies
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Cerini welcome to tony martignetti non-profit radio big non-profit ideas for the other ninety five percent, i’m your aptly named host tony martignetti what a coincidence i found this show if you think you’re non-profit is left out left out of consulting conversations left out in terms of fees that get charged press and media if you generally feel that you don’t get the attention that your small and midsize non-profit deserves, you have a home here at tony martignetti non-profit radio last week was an archive edition because i was at the national conference for philanthropic planning, doing interviews and talk later about that on tony’s take two, but last week we had regina walton, or from organic social media, and she explained and shared with us why you should be online. How to get started online on how to manage your non-profits reputation online also in last week’s edition John murcott from karma 4:1 one he shared how smart and simple online fund-raising khun build your relationships and unlock dollars for your non-profit this week, smart sales training strategies to kick start your fund-raising my guest is larry sharp, director of neo-sage, and he is going to share with us corporate sales lessons to help your non-profits fund-raising it’s a full we’re for a full hour of fund-raising this show with larry sharp and around the half hour on tony’s take, too, which is exactly at one thirty two. I’m going to share some notes from the national conference on philanthropic planning and a lot of exciting, interesting interviews at that conference last week, which is in florida, and they’ll be coming up on shows in the future, and i’ll talk a little about those on tony’s. Take two and also, ah, conference that i have coming up next-gen charity conference in november. All that on tony’s, take two after this break, larry sharp for a full hour of fund-raising stay with me, talking alternative radio, twenty four hours a day. Are you stuck in your business or career trying to take your business to the next level, and it keeps hitting a wall? This is sam liebowitz, the conscious consultant. I will help you get to the root cause of your abundance issues and help move you forward in your life. Call me now and let’s. Create the future you dream of. Two, one, two, seven, two, one, eight, one, eight, three, that’s to one to seven to one, eight one eight three. The conscious consultant helping conscious people. Be better business people. Oppcoll is your marriage in trouble? Are you considering divorce? Hello, i’m lawrence bloom, a family law attorney in new york and new jersey. No one is happier than the day their divorce is final. My firm can help you. We take the nasty out of the divorce process and make people happy. Police call us ed to one, two, nine, six four three five zero two for a free consultation. That’s lawrence h bloom at two one two nine six four three five zero two. We make people happy. Hey, all you crazy listeners looking to boost your business? Why not advertise on talking alternative with very reasonable rates? Interested simply email at info at talking alternative dot com offgrid dahna altum welcome back to tony martignetti non-profit radio big non-profit ideas for the other ninety five percent. I’m joined now by larry sharp, larry’s director of neo-sage on the web that’s n e o hyphen s a g dot com and he’s going to share smart sales training strategies to kickstart your fund-raising ah, full hour of fund-raising text tips from larry stage larry is director of neo-sage, an influence training center in new york. His clients learn how to sell fund-raising network and influence effectively he’s, the director of special projects for the world energy forum and a guest instructor at columbia’s graduate school of business, and i’m very glad that larry’s practice brings him to the show today into the studio. Welcome, larry. Thank you very much, madam. Thank you, larry. Sales for non-profits sales has sales and sometimes marketing have sort of a pejorative connotation. Negative connotation should should non-profits be thinking about salesmanship. That’s ah that’s a great question and the reality is you’re right most people who work in the not non-profit world there are their helpers there healers they’re crusaders there, find the right word. They went to the right thing and save the world that’s great, but the problem with that is that’s, often directly in directly against the idea of making money in business. So while you absolutely need these people there’s no non-profit world without them, you’ve gotta have them. You also have to have the money part. You’ve gotta have the business guy or the money guy somewhere in there and that’s, the sales and marketing guy, which often is a problem, you’re right, they’re not profit world worries about that, so their answer usually is well, i’m so passionate about this problem is issue this concern, i’m going to try to somehow infuse the person on the of the phone or in front of me or through my letter with that same passion, and please, please, please give me money, please give me money because we’re all passionate about this cause that’s correct? The problem is that is traditional begging for money, which, if you’re very well known, i have a large marketing budget or big footprint that may be okay when you are small not-for-profits nobody cares. As sad as it is, if it isn’t my issue, i don’t care, and if i have enough mind to give i probably already have a larger not-for-profits e-giving tio so you as ah not non-profit have to change the way you think this is very hard. Let me try to get this out so that the non-profit people here don’t don’t have a heart attack what stands in their way, they have to stop thinking that they are begging for money. They have to stop thinking that they are enforcing the agenda of their donors. They’re enforcing the agenda of the people who want this issue will concern dealt with if you’re trying to take take kids to art if that’s your charity for trying tio save a certain type of animal if you’re trying to move energy in a certain direction, whatever it is you have to act like hey, i’m out there doing this you want it done someone’s gonna pay for it, it’s gotta be you. I’m enforcing your agenda, i’m enforcing you’re well, i’m doing what you want me to do. I’m actually not non-profit i’m not a charity, i’m an association. I’m like a lobbyist, i’m in association trying to get your agenda push trying to get your will move forward now i’m gonna have to change the name of the show. Now to what? Tony martignetti associate association radio i don’t love it, they don’t know i can’t do that. You’re invested in this, i’m not saying you won’t use those words. Of course you want to still keep the culture of your organization, but your thought process should be we are serving our donor base versus we are serving the actual people that we’re giving the money to or providing a service too. It is an entirely different mindset we’re doing this for you sort of on your behalf? Yes, exactly, it’s a whole different way. If they do that, all the same will happen is their language will change the language would change from things like please give us money to save the kids to hey, you want the kids saved? So we to do that we need x dollars brought us our check so we can do this. You wanted to and of course they’ll use their own language. But that feeling all of a sudden makes me feel like he am part of team, right? You wanted to, we’re in this together we’re doing the work for you because i already said on your behalf, and you hope that this will get the actual donors to not just write the check and walk away what you really want the donor to do is write the check and feel part of the team, so of course, when they do that, they start talking about it, they suck any of the people they volunteer it’s such a better way of moving your you’re non-profit forward, and i’m glad we’ve got a full hour to explore this because absolutely you spend so much time getting a donor’s your you don’t want to have to spend that time again to replace them when they write you just one check or come to just one event and then you never hear from them again or hopefully this doesn’t happen, they don’t hear from you again. Ah, yes, the tight right, the time invested buy-in getting a brand new donor extraordinary. Why i do that multiple times when you don’t need to and the second part is if if they really become part of the team, you don’t have to spend so much time getting the second donor zoho q, you don’t have to spend, so much time getting volunteers, because they’ll help you. My guest is larry sharp, director of neo-sage, and we’re talking a full hour of fund-raising. Larry, of course, is staying with me after this break. I hope you do, too. You couldn’t do anything, including getting thinking things. You’re listening to the talking alternative network, get in. Nothing. Cubine hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m, we will have over one hundred companies looking for qualified workers. They’re all to be lectures on jobs, try to jeez and networking. So come and bring plenty of resumes and join me on friday, november twelve at aqueduct racetrack for a Job fair from 10 a m to three p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one altum. I really need to take better care of myself if only i had someone to help me with my lifestyle. I feel like giving up dahna is this you mind over matter, health and fitness can help. If you’re expecting an epiphany, chances are it’s not happening. Mind over matter, health and fitness could help you get back on track or start a new life and fitness. Join joshua margolis, fitness expert two one two eight sixty five nine to nine xero. Or visit w w w died mind over matter. N y c dot com are you suffering from aches and pains? Has traditional medicine let you down? Are you tired of taking toxic medications, then come to the double diamond wellness center and learn how our natural methods can help you to hell? Call us now at to one to seven to one eight, one eight three that’s to one to seven to one eight one eight three or find us on the web at www dot double diamond wellness dot com way. Look forward to serving you. You’re listening to the talking alternative network. I’m joined by larry sharp, director of neo-sage ennio hyphen s a g e dot com we’re here to find out whether larry really is is he? Is he a new sage? Has he brought sagacious nous to the studio? We’re finding out this hour around fund-raising and he’s already shared. Sort of the wayto reorient your thinking around fund-raising let’s get into some of the details, larry, how can non-profits start too implement a different way of thinking. Let’s just start with they’re just conversations conversation face to face conversations that might have with a donor on the phone let’s not do telemarketing yet, but just on the phone or in an event, how do we re orient the thinking to our conversations? The most important thing we want to talk about? And this is the sad what we don’t do what most not-for-profits there was discussed the need they spent a lot of time talking about the need. This is a problem. Oh my god! This is a problem. The world is ending. These kids were dying the the fish are dying, the animal’s dyeing the every whatever is dying and bad things are happening while that’s not bad to start, you always wanna end on a positive piece and that’s what isn’t done? What happens is they say the world’s ending oh my god, we have to do something you should help us versus saying the world’s, anybody blah, blah, blah and here’s a success story there’s the critical piece that’s often missing people don’t wanna be part of a problem. They would be part of a solution. So expresses a need to problem kids were sick, animals are dying. Yeah economy’s being destroyed, the environment being destroyed whatever is your issue. But you know what? Here’s some success we’ve had here’s how we’ve made things better. There is a bright side right here and that gets someone to say really how really? Well, that seems awesome that draws the person in. The problem is we’re so busy trying to show people the need will not give him the positive side of but we’re doing something great. We begin to feel like this is an interesting concept. If you’re always around, you know, poverty and you find some aid workers sometimes you come back from africa or south east asia, some very depressed economy, they come back and they’ll tell you, the world’s ending the world’s full of pain everything’s horrible. No must be around them. Yeah, but they should come back and say the world’s terrible things. But you look what we did. We save twenty five kids, or we save twenty five animals or we, you know, low with the carbon emissions or whatever is your charity, and then everyone goes, wow, that sounds great. So the critical piece and a conversation is discussed the issue. But then talk about the positive things that are happening. Show the success stories show the light that makes me want to come to you. Yeah, and i think that second part you’re right is not emphasized. A lot of fundraisers will say that the hook the need is the hook, right, and it sounds like years indeed it is. But go a step further and b positive how you’re helping toe solved that means yes, the issue is people think and this is a big problem. They think that donors give because they want to save the x. No, i always give for very different reasons all different types of reasons, most of them very selfish. Most of them are very selfish what people give and people don’t get that they want to feel powerful, they want to feel good, they want to they want to feel to doing something, they want to get recognition things of that sort that’s a very big reason why people give it’s not just because they want to save the whales will save the kids are saying the environment, it could be because they want to feel good, you know, an interesting story i was excuse me, i work for a couple non-profits and one of them was doing a training course for smaller non-profits and doing a training course, one person was upset and the person said because when i do this event, this person wants to come and have a booth at my event and sell his book, and i said, okay, while you upset well, you know, he don’t makes twelve thousand dollars, but you know what? I don’t want him doing this and making money, blah, blah i said, ok, he gives you twelve thousand dollars, right? Yes. Why do you care? What do you do at twelve thousand dollars? We do a lot with kids, so why? Do you care? In fact, you know what you should do. Tell him if he wants to be exclusive he’s gotta pay you twenty of rushing about two more people next to him selling books after that’s whatyou d’oh and let three people sell books there and get thirty six thousand dollars and save your kids. We’ll give one guy twenty and save your kids stop thinking the person who gives has to be his passion as you they don’t, they have to write the check. They obviously value your organization if that guy selling books every single year you do this event, he’ll give you twelve thousand dollars every year without complaining. Why you mad? Yeah, right. So what we have to worry about when it comes to our donor base is caring about our donor base, not caring what the people or animals or environment we’re trying to save kayman dahna base making about them. You will see all of a sudden all shoot up the money will just stop coming, right? Well, while you’re thinking about fund-raising i mean, of course, of course against the need and the work is paramount, but fund-raising is a very, very close second to executing our program. Whatever. Yes, some silent. Be very clear about that. Absolutely, this is on ly we’re talking about fund-raising of course, we don’t wantto sacrifice the value of the action of a profit just to make money. Baizman tio no, no, no. You’re absolutely right. Let’s so let’s dive in a little into some detail about direct mail that maybe a piece that’s devoted to fund-raising or it could be a newsletter. Direct mail. What advice do you have around? Absolutely generally speaking, you do not want to ask for that random amount of money more than once a year. So now you’re talking about a direct mail deal, you personalized letter hopefully doesn’t say, dear friend, i mean, i think you’d want the fund-raising pieces to be personalized absolutely that’s that’s the mail that you’re talking about right now, that individualized plans correct, okay? And i really would hope that today’s market there’s print is out there who can easily personalize everything if if you’re listening, you’re seeing yourself. I don’t i don’t have a database like that. Trust me, there are tons of people can personalize your mailing if you do that, you get the mailing out there. You want your your plea to be generally yearly, almost like a membership. You don’t have to use that word if you don’t want to depend upon the culture of your charity. If you are a membership type char to use that word. If not, who cares? Whatever. But you want to ask for the big hit yearly? Well, that’s the five hundred dollars a thousand dollars. Ten thousand dollars whatever that is that’s the one big hit yearly to want from the person that person should feel like i wrote my big check. I’m set. I’m part of team. Not now. Next year’s. Next have to write my bait again. That is an exception here. You can now begin to ask for more money throughout the year. But not the quarterly. You know fund-raising that is really impersonal, really unknowing and has turned many people off and it’s it’s on the it’s on the non-profits schedule. Yes, exactly. Well, that’s. Exactly right. Only perfect. Let me just remind people my guest is larry sharp, director of neo-sage. And we’re spending a full hour with your fund-raising sales training techniques to kick start your fund-raising. Larry, i’m sorry. Go ahead. No, you’re totally right. Tony it’s. The issue here is non-profits or again thinking about themselves so they want to raise money every quarter. Nice, but instead, think about the donor do the once a year you owe me a big hit because you’re part of my members should be part of team. Got it. No problem. Whenever that’s a should be done, i don’t know, depends upon the calendar of the non-profit. But then quarterly you want to do targeted specifically to that individual, for example. Let’s say your your charity deals with i’m gonna make up kids with cancer, right? Whatever. So maybe you decide that these people you figure out through the surveying or asking or internet surveying or check boxes on your mailer. However you decide to get that data, what are they specifically interested in? They’re interested in this piece that piece, this piece. So you say, you know what, what? This year we’re taking the kids who have cancer to disneyworld, whatever that is. And if the raise money for that, send it to those people who checked, you know, make a wish for cancer. Whoever check that one. Those people get that specific mailing saying, please give us money for this specific trip for this specific issue you want us to segment exact perfect word? Yes segment beautiful. I want you to segment on mr hayward. I want you to segment we have george in jail on tony martignetti non-profit radio, but i don’t think this is georgina segment. I think everybody understands segmenting, so there is a reprieve if anybody was wondering, especially since i’m the one who brought the word up so i never i put myself in jargon jail if it doesn’t happen, so keep listening. But that won’t happen. There won’t. Go ahead, please. Miree second, once we do that now what happens is i’m giving because i see a result. I now see what’s happening. I’m due, i’m making a difference and on what i’m specifically interested in yes, i want to see happy kids, you know, before they pass we can shit. Maybe it’s in my family may be someone i know it’s close to me. Maybe i didn’t get something when i was a kid. Whatever it affect me that’s why i care about that. So now i’m going to drop. My thousand dollars provoc woobox whatever that is to help these kids go to disney world now here’s a critical piece. When when the next quarter you asked me for more money. There better be pictures of that trip, the better the details of that trip. I need to see what i did. Outcomes absolutely. I want to see those happy kids. I want to see smiling kids. I want to see him hug and mickey mouse. I want all those things to make me feel good. Because the next court, when you asked me for the next trip, i’ll write another check again and again again. And we are seeing within the past, say, four, five years or so a much greater emphasis on donors learning the outcomes. Yes and charity’s being accountable. And some charities do it quantitatively. I often use example of charity water. They have a very good website where you can see on a global map where your money was spent and how deep the will it well is in the community in south africa that they that they drilled and what the outcome was. How many people in that community we’re help, i mean that’s one example. But it’s a great example. Outcomes krauz yes. And we also than the next piece in this whole concept is we do not want to do what so many charities do and make it broadbased. There are fourteen million children with this problem. Ten thousand kids every day have this ninety thousand whales every year do so. And so whatever. That’s. Nice to maybe start the juices flowing. Right? But you have to make it in individual. Yeah. Where did my money go? Yes. Ninety thousand whales. Which one did my one hundred fifty thousand dollars help? Yes, absolutely. They want to know it was emma. That whale right there. That’s the one. You know, we tagged her and saved her calf. Yes. Thanks to you helping pay for the boat that went out there, did it? Yes. I want to feel that i want to say yeah, that’s my boat. I’d put money on my boat. I better keep paying off. My boat won’t go out there and help the emirs of the world. Of course, we’re talking about this critical segmentation, larry and i just want to remind people that several shows ago we had tim cannon on from mcvicar and higginbotham, which is a print shop on better shop, and they do that type of work and print shops and letter shops generally, as larry said, are sophisticated enough to help you segment your database. Once you’ve gotten the data collected to segment it and that’s really where i’d like to go let’s, spend a few minutes. How do we talk about how we collect this data in order to do the segmentation that you’re recommending? Actually, the print company can assist you? They’re also because maybe if you have a yearly ask or whatever the case may be within your yearly, ask on the sheet where they fill out far from the box, a thousand bucks, two hundred bucks, whatever they’re filling out you also say, and you were interested in check all that apply, and just that right there will have to do it. There’s also something called and ah, i hope it’s not it’s a pearl, a personal earl and out of print shops could do that also where they send it out and you go to a specific website just for them, you know, x charity slash tony m yes. I’ve seen those in direct mail pieces that i’ve gotten there we go click there and you feel your survey out right there, you know, i’m interested in emmett a whale and bobby the fish and jimmy to shark alright, that’s, what i care about whatever the case may be, so you care about as an example, maybe you care about the shark fin soup issue, right? Everyone’s cutting a shark fins off, killing sharks, right? That’s, what you care about, okay, great. So the next time we do a campaign to help, stop that, i can guarantee you’re getting a letter and i want five bucks, but maybe you don’t care about emmett a whale may be care about the sharks, it doesn’t matter. What i’m worried about is what you care about, not what i care about. So a personalized earl on dh, really? Just aside from knowing what that specific donors interested in the charity now knows that that donor is interested enough to go from the mail piece or the email to click through to the personal you are also the we’ve got them we know we have that donor at least at the threshold, yes. Absolutely. And he’s an ex piece. You also find out what pieces are important. T to your your donor base. Let’s say you find that nobody cares about shark fin soup. I’m making it up, right? I have no idea anyone cares but let’s say that you don’t abase you send out your letters, b get a thousand back. We hope you haven’t made doughnuts. I hope so. Right. And out of the thousand ten k about the sharks. Maybe either you shouldn’t publicize him so much. Well, maybe the reverse. Maybe you need a better campaign and get people to care. This gives you some insight in what you’re doing, right? Maybe you should say, you know what? I should stop doing this. I should take take this part of my charity away, give it to a specialized charity because my people don’t care about it. All the reverse. No one cares what i do. And outreach program to get people to understand. This is an important issue. This data is very, very valuable. Especially thie example. You just mentioned it’s it’s so small. But there’s another challenge that does this work so well. Yeah, maybe. And especially in the midst of a recession, which i hope is ending soon, but we’re still in it. Maybe not technically, but everybody is not an economist thinks we’re still in the recession when non-profits have to be more efficient? Yeah, maybe one of their tasks one of their programs isn’t isn’t one that they’re doing the best and isn’t one that their constituents are that interested in, and they can they can shift that program elsewhere, absolutely, and maybe even swap donors, maybe even do a joint, you know, event who knows how you can do this so there’s an important piece, so i hope that’s clear on the on the direct mailing side let’s, talk a little more about what you might, including a reply device. I mean, i’ll always telling our clients that every direct mail piece should come with some kind of reply device for someone for the recipient toe asked for more information, tell them that they’ve already included the organization in their state plan, which is a type of fund-raising consulting that we do, what else can we include in a direct mail piece to get people to share information with us? There are several things the first thing you want to do is you want to make sure you give them something some type of gift in a certain way, then i give you could be like a church key could be that could be, you know, a pin pins bleed or not are very powerthru early. So you liked a little get off pens or so because pin’s tell people i’m part of the part of crew. I’m part of a team, little lapel pins and that kind of thing, very power for the great or really detailed, specific information in southern information that no one else knows. These two things are very powerful. They feel to gift oh, i want to give back. So maybe an insider newsletter if it’s a newsletter, it can’t just be here’s what’s going on at the charity nobody reads that you’re fooling yourself. Nobody reads that if it’s here something you don’t know, here’s something nobody but our members know here’s something happening in the secret, you know, you know, volts of power, something like that. Yes, people read that if it’s that time of insider information great. Or if it’s something that could be ah, story. Directed towards them, like the story of the kid’s going to see mickey mouse, that’s a positive story, something like that. But if it’s, just his was happening on a charity, nobody reads that and has also very consistent with sort of traditional fund-raising wisdom, which can often be wrong. But in this case, it’s, consistent with what you’re saying and that is sharing more detailed information with your your better donors. Yeah, eso. How to induce someone from giving five hundred dollars a year to a thousand dollars a year. Part of that will be that you’ll get our insider newsletter or our president’s circle. Yeah, email alerts on breaking events around are our issue perfect. My guest is larry sharpies, the director of neo-sage. We’re going to take a break, and, of course, larry joins us after this break, and also after this break, tony’s, take two. Talking alternative radio twenty four hours a day. Hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m we will have over one hundred companies looking for qualified workers. They’re all to be lectures on job strategies and networking. Come and bring plenty of resumes and join me on friday, november twelfth at aqueduct racetrack for a Job fair from 10 a m to three p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one bonem are you suffering from aches and pains? Has traditional medicine let you down? Are you tired of taking toxic medications? Then come to the double diamond wellness center and learn how our natural methods can help you to hell? Call us now at to one to seven to one eight one eight three that’s to one to seven to one eight one eight three or find us on the web at www dot double diamond wellness dot com way look forward to serving you. Hey, all you crazy listeners looking to boost your business? Why not advertise on talking alternative with very reasonable rates? Interested simply email at info at talking alternative dot com durney welcome back to tony martignetti non-profit radio big non-profit ideas for the other ninety five percent were right around thirty two minutes after it’s roughly one thirty two eastern time. So it’s time for tony’s take two. Last week i couldn’t do the show because i was doing podcast interviews at the national conference on philanthropic planning that’s where we had an archive edition of the show last week. Ah, did six interview’s in conjunction with the chronicle of philanthropy, thes air interviews that will be coming up on upcoming shows. But just to give you a little sense of some of the people we talked to, one of the subjects was red flags in planned giving that was aviva bed occur what to look out for in planned e-giving we all know i’m a plan giving fund-raising consultant so i’m the first to say plan giving could be an outstanding way to build endowment or in other ways, just help your non-profit long term, but there are some technical sides to plan giving, and you do need to be careful. And aviva benwikere raised some of those red flags for us in that interview endowment management strategies, my interviewee there, along with the chronicle of philanthropy, was catherine miree, sharing methods and techniques for keeping your endowment safe. Um, we had to washington d c insiders. An attorney in a lobbyist, emily lamb and perry wasserman perry. Washington is actually the lobbyist for the host organization for that conference, which is the partnership for philanthropic planning. He’s their lobbyist, emily lamb, is an attorney in washington with skadden, arps and used to before that was with the treasury department working on in the in the tax in the tax area and are subject with emily and perry was how legislation and regular the regulatory environment is going to be affecting, um, fund-raising and non-profits generally, especially with the elections coming up in just a couple of weeks had a cripple your career in five easy steps. That was robert sharpe of the sharp group crippling your career in five easy steps. That was really very interesting. Sort of. Ah, ah, hook a way of getting you to pay attention to your career. Um also had an melvin from harvard university. She was talking about motivating and marketing to your plant e-giving donors. You can see my blogger post on each of these interviews at my block, which is m p g a d v dot com, and you could also keep listening to the show for full interviews with each of these guests cause we’ll have the full interviews broadcast. If you don’t know when those air coming up, you wouldn’t know because i don’t know yet, but when they do come up, you confined out by getting our insider weekly email alerts, go to the facebook page for the show and get those alerts, of course, facebook, dot com and then it’s tony martignetti non-profit radio and you can sign up there for our insider email alerts in november. I’m going to be speaking at the next-gen charity conference that’s here in new york city, but we’re also going to be doing a podcast interviews of mohr speakers from that conference that’s november eighteenth will be doing the podcast interviews, and they’ll be for broadcast on later shows. And then on the nineteenth, i’ll be leading a workshop pg and so me planned giving in social media using social media, too. Reach out to your fund, your your plan giving donors and that has special considerations because plan giving donors are typically sixty and over, but we know where they’re where they’re going. Social media wise, is it facebook? Is it twitter? We know, and i’ll be sharing that in the conference. Also, i’m very pleased that i can offer with you offer you twenty percent off that next-gen charity conference for listeners of the show to get that twenty percent discount to the ah next-gen charity conference, which is on november eighteen and nineteen in new york city, you could go to the blogged or the facebook page and look for that twenty percent off discount. My guest this week is larry sharp, and i’m really glad that we’re spending the full hour talking about fund-raising sales training strategies to kick start your fund-raising larry is a corporate sales trainer on dh ah, director of neo-sage, which is a consultancy that trains clients, had a cell fund-raising network and influence effectively. Larry, we we had been talking about direct mail and newsletters and direct mail pieces. How about the telephone? How can we shift? Are thinking about fund-raising in the way that you suggested and do this, if if if we’re doing telephone outreach, sure, just generally speaking, when you’re doing the telephone, you’re talking to people who donated before now with the do not call list it’s difficult to do cold calling for for for not-for-profits an exception might be say, if you’re doing your ah your list for a college, maybe call me alumni that might be cold sometimes, but the exception of that generally speaking, people who’ve done any before the tactic here has to be as soon as you call you want to start giving them information right away. It’s ah, hey, tony, how you it’s latto from x y z charity? This call is because you don’t want to just call in just seeing it sounds apologetic. Yes, sorry to be calling, but you’re not saying that, but it sounds like you’re apologizing and really should be calling straightforward got important news to share you don’t want to train your donor base into thinking i call just cause you want your dahna metoo think i call because there’s a reason so as soon as you pick up the phone hey tony’s latto x y z charity here’s. Why i’m calling, you should know x y z you should be aware of bump up, up, up, up, here’s what’s happening where you care boom boom, boom ba boom whatever that is, then go into a specific reason why you want the money. A specific reason such as and because of this, we have a new initiative, tony. And the new initiative is we’re going to now take the kids to you know, niagara falls because we know that’s going to help them out. And the doctors were saying, what is what we should do blah, blah look to really help us out to make this really happen. We need you to do now, what’s that is at least double what you gave last time. So if you gave to earn fifty it’s at least five hundred, you may want to shoot four thousand whatever it is. But you want to go for a very high number for your first ask realizing most of the time you’re going to know. Okay? The reason why you do the high ask at first is to call the law of contrast the influence love contract states. I will measure everything by the first thing i see. So my first one thousand now to fifty seems cheap. Ah! Vice oversea to fifty thousand expensive. So you’re measuring the second number, which will get to yes, in contrast with the first law of contrast, are so so two fifty seems like a cz you said a little compare two thousand. So i’m gonna ask for i must say, you know, to make this really happen. Tony, we really need tto help us out with a thousand dollars. Can you do that, tony? Now odds are you’re going to say no. Wow, but not like that. You said, wow, it’s, a lot of money because i’m a two hundred dollar donor. Zack clean under fifty dollars, to fifty donors, a lot of money for me. I’d love to. I can’t right now. Time to tough. Whatever you’re going to say, then you go and do you go to low and then medium so close, high, low, medium and listen to my language in doing this, i’m going to ensure that you do not go lower than last year. That’s the first time would ensure since i know what i’m still getting to fifty out of you. So i start with a thousand bucks you say can’t do it, you know? What? Tony, honest and completely, you know, you could if you want to go back to what you did last year, which is two fifty here’s that most people doing for us that most people don’t really help us. A lot would be if you go five hundred. Can you do five hundred? Okay? He said, i just did, yeah, you could go down into that fifty, but most people are, but most people doing doing five hundred most will gave me last year doing five hundred. Most people are will help us tremendously or ah, common amount. Some word that invokes law of social proof social proof means if other people are doing it, i should be doing it. So you know, your language should invoke social of others are doing it. What we’re expecting, what we’re seeing, what people are doing, the most common amount, any language you could be part of the trends are the trend exactly in the different word, but and we have to, because each cherry has their own culture, so the words i’m using may not function in your charity specifically, but use the language that your culture of the culture, that chap you can use that says that that says other people are doing is a trend it’s common, and you could be part of that trend. Exactly correct your your strategy, you’re offering people the ability to stay in the same at the same level. You haven’t minimized what they’ve done for you in the past, saying you could stay there, but what most people are doing who are involved in this issue is going much hyre without your saying much hyre exactly exactly right so that’s, why you do it? So at a minimum, you’re going to say, look, larry, i love the charity i love you guys. Let me stay at two fifty, okay, great, thanks, tony let’s two, two, fifty so no matter what, you’re not going below that, i’m getting something out of you and you’re not going lower, but with this tactic, the odds are if you can afford it yoga hyre now, if you can’t afford, you can’t afford it, i got it times a tough some people can’t, you know, put the money out, but if you can afford it, you’re going to go hyre if you can’t, you go to fifty and hopefully next you you keep it going, keep it going. Keep it going until eventually hope every donors over a thousand over ten thousand, over a hundred thousand we hope whatever we can get, the reality of it is they’re not going to give more than they can afford anyway. But if they’re out to fifty from last year, they probably can get to fifty again. So that’s going to go? We don’t want to say, you know, last you gave to fifty because then they say, well, you know this shit. Can i just do one twenty five times the Job just 2:100 and over some before you know what the given ten dollars? So we start with the high number so if you want to, you could stay there. But here’s that most people are doing here is a trend. And hopefully more of them will go towards the raising two two. Fifty two, five hundred that’s. What? We have seen that you see that slowly clients? Absolutely. Yes. Should these calls be scripted? Of course. How do we prepare? Absolutely a hundred percent. The people you want to use can be any. You can use anybody you want. To do your fund-raising it’s generally best if the people are part the charity, sometimes they don’t do it. Sometimes they hyre outsiders part not necessarily employees, right? Could be volunteers motivated bones here. Somehow part of the chinese doesn’t happen of us have to be an actual employees. Could be other donors could be donors. Kids could be anyone someone who somehow part of that team. This way. If the person begins to ask questions, they can say some they can say yes. I am part of this team, you know, my mother donates and, you know, on the weekends, i sometimes go with the kids out to, you know, the orchestra or whatever’s your charity. Right? So i went there last year. The summer camp. So that means okay. We’re all together. It’s. Instant report. What part of same as we have something in common. You absolutely better chance again. You could hire outsiders, but that has to go down a little bit. You don’t gain that same report. Okay. So, it’s best that people who are somehow connected to part the charity? Yes. That’s. The who who? You have to do it. How do we prepare these? We literally want them to have a one sheet er a page that is eggs dig zach script of what you want them to say in that order. In addition, wantto have, at a minimum a second sheet of paper, which is your rebuttal script, which is where you go when people tell, you know where you go when people give me excuses and often this is not even used. But having those scripts there make the telemarketer feel it ever safety, blanket. See, people think we have to have the script there in rebuttal sheep so that the person can use it, they can, but it’s not necessarily used it’s there so they can feel more confident if they have a problem. I’ve got someplace to go if they’re just up in the air, becomes, yeah, well, again, she and what we would like becomes that if they have a script, they can look at it, go through it, and if they don’t need it, they can ignore it. But they know it’s there, it gives them confidence. The robot a script should be there and the most important thing the wrap up once that person says yes there. Should be a script. The wrap up, it’s, be great. Ok? Is that going to be via our online or you are going a lot. Great. Please go to blah, blah, blah, blah, blah. Are you near a computer right now? Great. Could you log on to that’s? All right there to do. If it’s via a psa. Pleasure going, you know, mail it. How to mail it, what to do with their with their she too. Should they send them something? If it’s a credit card form, how do you feel that out? Whatever the wrap up is. And then of course, in the end, you’re going here’s. The most important thing at the end. You want to provide benefits? This is so anti non-profit. Okay. But we do instead is we thank them twenty five times instead of thanking them twenty five times. Say something like this. Tony, this is so great. You give in the five thousand dollars, you know, what’s gonna happen. These kids are going to get this. That this? That this and from last year we know this this and this is going to happen. This is really great. You know what, tony will? Say i feel fabulous about mike that’s. Exactly. Correct. Only wish i could have given more. Yeah. Can i get two checks? It’s? Awesome. Fund-raising nirvana. Absolutely. Against the outcome. Yes. You want to share the outcome? Even before it’s it’s occurred. This’s what your gift is going to do for us one hundred percent. This is the benefit you want to show. Then you can thank them. Then you can thank them. You are not allowed not-for-profits listen to me. You are no longer allowed to thank them until you first give them the benefit. Once they get the benefit and they go wow, that’s! Great. You’re going to say thankyou, tony actually great after not before otherwise they start to think shevawn e-giving hundred bucks thanking him early bleed or not increases buyer’s remorse. Thanking them early actually lowers the chance they actually go through with the give you will find just by changing that the people who pooh promise and then don’t deliver that gap gets smaller just by doing that. Thanking someone before you give benefit. Thanking someone early actually increases buyer’s remorse i think doing a favor maybe i should have gone to fifty. I’m not really sure that begins come to play hesitation, hesitation. This economy means no or it means i just write two hundred bucks on it instead of my father and i pledged so all this and you get a lower number, something that happens, so thanking them early literally lowers the men of money getting in, changing just that you will see a difference but share the outcome. Of course, please assume assume the person commits yes, and you’ve you’ve given them the pertinent information, okay, i’m with larry sharp he’s, the director of neo-sage, and we’re talking smart sales training strategies to kickstart your fund-raising we’re going to take a break, and after the break, we’ll come back, talk about email and maybe some goal setting. Also, how do you set your fund-raising and your fund-raising goals all with larry’s advice from sales training strategies? I’m tony martignetti, host of tony martignetti non-profit radio stay with us getting anything, wounding e-giving ding ding, you’re listening to the talking alternate network get in! Think. Cubine is your marriage in trouble? Are you considering divorce? Hello, i’m lawrence bloom, a family law attorney in new york and new jersey. No one is happier than the day their divorce is final. My firm can help you. We take the nasty out of the divorce process and make people happy. Police call us ed to one, two, nine, six, four three five zero two for a free consultation. That’s lawrence h bloom two, one, two, nine, six, four, three five zero two. We make people happy. Hyre durney is lack of capital or credit keeping you up at night? The show me. The money conference is coming to the roosevelt hotel, forty five east forty fifth street in manhattan on november third. This’s the best business networking opportunity to meet potential investors and lenders, and get answers from our expert panel of business and financial advisors. From or information, call six four six six one nine eight, xero nine one or online at rose otto accounting that’s r o s a d o accounting, dot, com, slash show me the money. This is tony martignetti athlete named host of tony martignetti non-profit radio. Big non-profit ideas for the other ninety five percent. Technology fund-raising compliance. Social media, small and medium non-profits have needs in all these areas. My guests are expert in all these areas and mohr. Tony martignetti non-profit radio fridays, one to two eastern on talking alternative broadcasting. You’re listening to the talking alternative network. Welcome back to tony martignetti non-profit radio my guest is larry sharp. We’re talking fund-raising for the full hour. I think that was very interesting information about buyer’s remorse and saying thank you too quickly and too often in the in the telemarketing calls. Larry. Excellent. Thank you very much. Of course. Let’s switch teo, email. What advice do you have around email emails? Ah, great tool there’s some issues, though, that the ideas people often send emails out weekly or monthly and think they’re giving updates, and they think they’re helping their actually knowing their donor base. The reality of it is what emails you want to do, two types of emails, the one is maybe an ask and that’s. Okay, but if we do the ask the rules off the mailing we talked about earlier are the same rules once a year, and then maybe once a quarter or so for specific issue. Any other e mails you send have to you have to be one of two things one some really big issue that someone is going to care about specifically, like again, i care about sammy, the shark and not em of the whale you’re going to send me the note about sammy the shark, not about emma the whale, not about what’s going on in the field, not about what’s happening my charity. In reality, i get too much email, i’m not going to read it it’s going to begin to annoy me delete, delete, delete, delete and when the important e mail comes in, i’m not going to read it. I’m going to another one of these e mails delete so either it’s about sammy the shark or it’s that same idea on ly a recorder on lee once a year, same rules. The last thing is, if i have something very special that no one else you know, that’s really going to affect everything like all of a sudden, you know, bill gates joins our charity, you know, something huge like that send the email, but a monthly or weekly email just cause will on ly annoy you don’t abase and they’ll begin to become immune to it and they just shut off your your advice goes back to the importance of segmentation. You need to know what your donors are interested in so that you can push that information and that’s ah! That’s a web term, you know, push, push information out to them that they’ve expressed an interest in absolutely i think we’re in two thousand ten approach fast approaching two thousand eleven were past the days of here’s what’s new writers what’s happening where it’s not specifically targeted to the person’s interest. Absolute sure, yes, those rules on email events. But what about using events for fund-raising events believe or not are really, really important more important than people think, and they don’t have to be huge gall events. They could be very small if you have a good donor base asked them to support the event in one of their buildings, one of their facilities, their home, their office, one of the case. Maybe the reason why events are important are several number one is it creates camaraderie amongst the people in the charity they feel like they’re part of team when you can bring your donor base in and say, hey, look, these are the people who are going out there and, you know, cleaning off the seals or, you know, save this person actually saved emma, right? He’s the captain of the boat and again showing people that they’re part of their part of something bigger. We talked about the trend, you know, here’s the trend in giving around when we talk about telemarketing, but you can see that you’re part of a trend you’re part of something in here is palpable evidence you’re surrounded by all your a ll the people who are sympathetic to the same issue. Yes, absolutely. So you want to do events for that reason, but the second reason is you want to share special information. This is when you want to do the corporate video that comes out before anyone else sees it. This is when you talk about the special plan, a program you going to put in place next year that no one else knows about this is when you’re going to share these atoms insider information that on ly we know that’s when you share there’s another reason why i do it. You want the donors to begin to see value in networking if the donor base our business owners or sales wraps, or people who want to do business and being relationships to their world to the firm’s toe other toe, other charities they may support if they start seeing value and donating, then they want to be part of the process. They want to be part of this organization. Is he additional value? Now? This turns off a lot of non-profits they can’t stand the idea of having an event and people doing business there that turns some people off well, time to turn back on because it’s a very important reason why people get together. And if all of a sudden i start seeing that when i go to your events, there are some heavy hitter donors there that i could somehow benefit you to my personal family. My personal fortune, my, my emotional i have ah, vendors i can use somehow i can benefit from being around these people. I’m gonna keep donating. What’s. Interesting. There is. That is exactly what ah, non-profits do recognize around boardmember ship? Yeah, we’re always recruiting people who can do business together. And the more powerful their board, the more powerful people they’ll be able to recruit to the board hundred percent. But why is that limited to the board? Absolutely. He totally right. In fact, if you get bored members to show up in sweet twist their arms and get them to show up at the events. You get more people who just want to board members. Yes. You want to see the boardmember? So even that mohr people showing up more camaraderie. Mohr mohr almost. I’m part of this team and more loyal donors who will keep donating every year and assist you volunteering, allowing you to use the facilities there, their homes except for et cetera. Where we have just about ninety seconds or so left together. What about goal setting fund fund-raising goal setting. Can you give us just a couple of tips on how we can? We can do that. What you want to do? This is the difficult thing. You have, you individual fundraisers. You actually want them to come up with their own goals. This is what’s. Odd people use it from the top down. I should deal from the bottom up. Who are the people who are in charge of fund-raising? Are they have a fund-raising director? Do you have actual tele call telemarketer people? Do you have, you know, print shops who you using? Ask them what they think they can dio and then give him a nudge. What? If we do better, what if we do better? What can be a good goal? While we do that? We want the people at the bottom to take ownership of the goal themselves again. I wouldn’t do it. I’m part of this. I’m a volunteer. Make twenty five phone calls. I’m gonna call it for forty five as make this goal. Get the people the bottom to start to give you the idea and from that, build your goal. All right, top up about sorry. Bottom up yet my guest has been larry sharp. He is the director of neo-sage again. That’s. Any oh, hyphen s a g dot com on an influence training center in new york. Want to thank larry very much for being on the show and coming to studio. Thank you. Thank you. Pleasure having you, larry something on larry’s website from dale carnegie, i found were not people of logic were people of emotion. That’s sort of a paraphrase of a dale carnegie quote, but i think it sums up what larry’s talking about the reason people give and how you can motivate that emotion in them next week. I don’t know. Who’s going to be next week, we’re not confirmed so that’s. Why you should get the insider alerts from the facebook page. Go to the facebook page, sign up for our alerts and you’ll find out the moment i find out who next week’s guest is going to be and that’s a facebook dot com tony martignetti non-profit radio you also see my live appearances there. The creative producer of tony martignetti non-profit radio is claire meyerhoff, always grateful for her help in directing the show and giving advice around creative ideas and timing of the show. Thank you very much. Claire, our line producer and the owner of tony of talking alternative broadcasting is sam liebowitz and our facebook and social media for the show is done by regina walton of organic social media. I’m tony martignetti, the host of tony martignetti non-profit radio big non-profit ideas for the other ninety five percent, even though we don’t know who the guest will be next week. Join us next week, friday, one p m eastern on talking alternative broadcasting right where you are right now at talking alternative dot com. Hyre i didn’t think that shooting. Good ending. You’re listening to the talking alternate network to get you thinking. I think. Cubine i really need to take better care of myself if only i had someone to help me with my lifestyle. I feel like giving up dahna is this you mind over matter, health and fitness can help. If you’re expecting an epiphany, chances are it’s not happening. Mind over matter, health and fitness can help you get back on track or start a new life and fitness. Join Joshua margolis, fitness expert at 2 one two eight six five nine two nine zero or visit www. Dot mind over matter. Y si dot com. Cerini this is tony martignetti athlete named host of tony martignetti non-profit radio big non-profit ideas for the other ninety five percent technology fund-raising compliance, social media, small and medium non-profits have needs in all these areas. My guests are expert in all these areas and mohr. Tony martignetti non-profit radio fridays, one to two eastern on talking alternative broadcasting hi, i’m new york state senator joe a dabo i will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m we will have over one hundred companies looking for qualified workers. They’re all to be lectures on job strategies and networking. So come and bring plenty of resumes and join me on friday, november twelve at aqueduct racetrack for a Job fair from 10 a m to three p m for more information, please call pete in my district office at seven one eight seven three eight one one one one. Altum are you stuck in your business or career? Trying to take your business to the next level and it keeps hitting a wall? This is sam liebowitz, the conscious consultant. I will help you get to the root cause. Of your abundance issues and help move you forward in your life. Call me now and let’s. Create the future you dream of. Two, one, two, seven, two, one, eight, one, eight, three, that’s to one to seven to one, eight one eight three. The conscious consultant helping conscious people. Be better business people. Altum you’re listening to the talking alternative network.

NextGen:Charity – November 18th & 19th

Exciting news! I learned last week that I’ll be joining NextGen:Charity in New York, NY. This is a conference on nonprofit innovation to help charities be more efficient and more effective. The goal is to powerfully connect organizations with donors and community.
I’ll be there on Day 1, November 18th, to do interviews for Tony Martignetti Nonprofit Radio along with sending out updates via this blog, Facebook, Twitter and LinkedIn.

These are some of the people scheduled to speak on day one:

Seth Godin (#1 business blogger & 12-time bestselling author), Nancy Lublin (DoSomething.org & Dress For Success founder), Scott Harrison (charity:water), Peter Thum and Jonathan Greenblatt (Ethos Water), Scott Belsky (Behance), Randi Zuckerberg (Facebook), Joanne Heyman (Urban Zen), as well as Google for Non-Profits, and many others.

On Day 2, November 19th, I’ll lead a two-hour workshop on “Planned Giving & Social Media“. That workshop will be from 11am to 1pm at Columbia University, Lerner Hall (116th Street and Broadway).

This will be an exciting and fun event. Click here or on the picture for a 20% discount to NextGen. You have until November 5th to take advantage of this great speaker’s discount.  I’m really glad I can offer it to my friends.

I hope to see you there.

Nonprofit Radio for October 8, 2010: Back Office Blunders & Your 5-Minute Program

Big Nonprofit Ideas for the Other 95%

Compliance. Board relations. Fundraising. Technology. Volunteer management. Accounting. Finance. Marketing. Social media. Investments.

Every nonprofit faces these issues and big nonprofits have experts in each. Small and medium size nonprofits have Tony Martignetti Nonprofit Radio. Trusted experts throughout the country join Tony to take on the tough issues facing your organization.

Episode 13 of Tony Martignetti Nonprofit Radio for October 8, 2010

Tony’s Guests:

Jeff Marston, Principal, Resource Center for Management

Back Office Blunders: Stop squandering money on your back office costs; tricks to save BIG on supplies, phone, energy, desks, etc.

  • Handout for Jeff’s session: Cutting Costs (an Adobe Acrobat, .pdf, file. – download the software here). You can also grab the file from my new Media page.

Claire Meyerhoff
Your Five Minute Program: Super-streamlined events that keep your audiences informed, engaged–and awake


Here is a link to the podcast: 013: Back Office Blunders & Your 5-Minute Program

  • When and where: Talking Alternative Radio, Friday, 1-2pm

    You can subscribe on iTunes and listen anytime, anyplace on the device of your choosing.

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    Thanks.
    View Full Transcript

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    Durney hyre welcome to tony martignetti non-profit radio i’m the aptly named host of the show, tony martignetti where we’re always talking about big non-profit ideas for the other ninety five percent. Last week, we talked about going beyond google, we had gourmet prospect research on a goulash budget. My guest then was maria simple, and she shared strategies to get to know your current donors better and find new ones. Also, last week, everlasting endowment techniques to keep your endowment safe and invested, right? I hope you’re cfo and bored. I was listening to my guest, kathleen rittereiser this week, we’re talking back. Office blunders stop squandering money on your back office costs my gift my guest, jeff marston, will share techniques to save big on supplies, insurance, phone, energy, furniture and all your back office needs, and i’ll also be joined by claire meyerhoff, your five minute program super streamlined events that keep your audience is informed, engaged and awake. Claire is a marketing specialist for non-profits and has a lot of expertise in promoting and producing programs and events for non-profits between the two guests, it’ll be tony’s take two, i’m going to remind you again this week. Like i did last week, the irs says you’re non-profit status may be at risk. More about that in tony’s, take two, and also i want to share with you something pretty exciting. This show is going to be partnering with the chronicle of philanthropy to do podcasting at the national conference on philanthropic planning that conferences next week. We won’t have the audio from that for a couple of weeks. So that’s, not next week’s show, but we are partnering with the chronicle to bring you that this week, it’s again, back off his blunders and your five minute program, all of that. After this break, please stay with us. Talking alternative radio twenty four hours a day. 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Hyre hey, all you crazy listeners looking to boost your business? Why not advertise on talking alternative with very reasonable rates? Interested simply email at info at talking alternative dot com welcome back on tony martignetti, the host of tony martignetti non-profit radio. I’m joined now by jeff marston. Jeff is the president of resource centers for management, and before founding the resource center’s, he was the first housing division director of the volunteers of america in new york city. He also has management and planning consulting experience throughout the u s and in saudi arabia, including two stints with booz allen and hamilton. So clearly you can see that his background is in non-profits and the corporate consulting area. So he brings that for-profit and corporate experience to our small and non-profit small and midsize non-profit audience, and i’m very pleased that jeffs practice brings him to the studio today. Welcome, jeff. Good to be here, tony. Pleasure to have you. We want to talk about saving money for small and midsize non-profits on the in the back office. Let’s, start with something that i think is a pretty substantial budget item for a lot of organizations, maybe all that that are able to even offer it. Health insurance. What suggestions do you have around health insurance and tony, i very much recommend that non-profits when they’re taking a look. At cost reduction. Start with health insurance because is usually the biggest item second teo salaries and wages so one of the critical issues in dealing with health insurance is never just renew your policy don’t just blindly say it’s another year, let’s, go let’s, continue where we’ve been, ok, what should we be doing instead? First of all, for smaller agencies and and small is fifty and under is that, uh, there are only six providers insurance providers in the state that will will deal with these small, smaller organizations in which state of your friends in new york’s, new york and the critical issue is to work with your broker, and you must pull your broker in as a consultant and is an adviser on dh that’s that advice applies regardless of where you’re located in any of the fifty states have this sort of consulting relationship with your broker exactly, and if you don’t get a new broker, they want your business and they will provide consulting services, advisory services work with you and if they’re not change brokers. And what sort of advice should you expect from this kind of a consulting relationship from your broker? Is a consultant. Two or three of the key issues are one. Do we have the right structure? There’s, the traditional structure of health insurance and where you have a relatively low deductibles and you have the other kind, the h r a h s a great deductible if we have to stop you. And in this show, we have jargon jail. Okay? And i’m the warden of jargon jail. I hate to put you in there, but it’ll be of a temporary stay. Please tell us what h r a and the other acronym of mean, but i can’t tell you with h r a stands for but h s a r a health savings account. Okay, they’re also known is high deductible accounts. You should at least talk to your broker about whether or not those structures that makes sense for your agency. And if they don’t know or they refuse to talk about it, get a new broker. Okay, thankyou. Your sentence in jargon jail is commuted. Okay, thank you very much temporarily. I hate okay now. Go ahead. Another thing is that since there are relatively few insurance companies in any state, do not go shopping for health insurance every year because the insurance companies will know you will get a bad reputation, and since their costs in the first year of serving you are much higher because they have to sign you up, they have to do all the data processing, et cetera you’re going you’re you’re going to get a negative image, so you want to stay you want to get into a situation where you stay with health provider for at least two or three years, unless they’re provide terrible service on dh, maybe you’re changing plans or benefit levels within that provider, but your advice is stay with the same provider whatever plan you’re into, correct thie other thing i would say about health insurance is that seriously, consider wellness programs, especially if you’re a larger agency and your broker and your health care providers should be able to work with you on that so your people use fewer health care services and therefore your premiums have a chance of going down and in just a minute or so we have left before a break, you’re going to be looking for your broker consultant to be advising you on the suitability. Well, you know, the suitability for your agency and what the wellness plans are that they should be, that you should be looking at absolutely which part of it is a professionalism? Part of it is the personality of the person. The other is are they the right size broker for you? If you have fifteen hundred employees, you don’t want a one person shop broker, and conversely, you’ve got fifteen employees. You don’t want to have one of the world’s five biggest brokers because they’re not going to care about you. My guest is jeff marston, and we’re talking back office blenders, saving you money on all kinds of back office costs on tony martignetti, the host of tony martignetti non-profit radio. We’re going to take a break. Please stay with us co-branding dick, dick tooting, getting thinking things, you’re listening to the talking alternate network, get in. Cubine hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m, we will have over one hundred companies looking for qualified workers. They’re all to be lectures on jobs, try to jeez and networking. So come and bring plenty of resumes and join me on friday, november twelve at aqueduct racetrack for a Job fair, intending m 23, p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one altum. I really need to take better care of myself. If only i had someone to help me with my lifestyle. I feel like giving up. Is this you mind over matter, health and fitness can help. If you’re expecting an epiphany, chances are it’s not happening. Mind over matter, health and fitness could help you get back on track or start a new life and fitness. Join joshua margolis, fitness expert two one two eight sixty five nine to nine xero. Or visit w w w died mind over matter. N y c dot com are you suffering from aches and pains? Has traditional medicine let you down? Are you tired of taking toxic medications, then come to the double diamond wellness center and learn how our natural methods can help you to hell? Call us now at to one to seven to one eight, one eight three that’s to one to seven to one eight one eight three or find us on the web at www dot double diamond wellness dot com. We look forward to serving you. You’re listening to the talking alternative network. E-giving thinking. Dick tooting. Getting thinking things geever no. Welcome back. I’m joined by jeff marston, president of resource centers for management. Jeff another a sizable portion of probably most of our audience is budget is office space office leasing. Most of our audience does not own a building. What about saving money around office leases? What advice do you have? It is a major area where people can save money. In the biggest blunder in the office leasing area is to not get your own broker. Everybody who has purchased a house. Ah, condo. A coop gone out and gotten their own real estate broker. And the sellers have their own real estate brokers. Yes, certainly. Every building owner has a broker right in commercial real estate, you never want to talk to the person whose name is on the building. The broker whose name is on the building that working for the landlord, you need to go and find a tenant only breaker. Who will work for you? This will save you money in the negotiations, and it will not cost you extra money. That landlord is going to pay a commission. When a transaction happens, he can either pay all of it to his own broker. Or he can split it in half and pay half to his broker and have to your broker. So this consulting advice does not cost you any money. So all right, so this non-profit does not pay for this broken relationship. And there are so many variables in a commercial lease on dh that doesn’t only apply in a big city, but there’s all kinds of chargebacks and emergency clauses, and how to get out of the lease and all kinds of contingencies. It’s. I think it’s just too complex for a non broker, non lawyer toe to figure out. And i’m not going to go in to a bunch of the details. But i would say to other things, first of all, because of all those details, do not rely on even the best real estate attorney, because the real estate attorney is not necessarily up on the market in terms of vacancy rates, costs of the give backs and he will make it happen, but a broker is the one that knows what the market is, so you need a good real estate attorney do not rely just on your real estate attorney to be your brokering represented the second thing is take advantage of the market today it is a buyer’s lee sir’s market, and it is very likely that if you have less than five years left in your lease, even if you love your building and want to stay, this is a good time to explore extending your lease, renegotiating your lease and so take advantage of the market. Ah, broker is going to know what the market is and be able to give you the good advice. I’ve often heard the advice that even if you intend to stay, it’s it’s valuable to go out into the marketplace, as you’re suggesting, because you can use the marketplace as leverage for re negotiating your release in the current space? Absolutely, and with today’s market with the vacancy rates hyre if a landlord loses a tenant, it is much more likely that they’re going to have vacant space for um, or extended period of time than, say, five years ago when ten a day left you clean it up, knocked down a wall paint put in new carpeting and three weeks later tenant he moves in that’s not the way it works, so landlords are much more interested in keeping good tenants. Um, what about phones and internet service and that’s something that every non-profit has what’s the what’s, the marketplace like there in terms of trying to save some money for them? Well, there’s good news and bad news on this we have the good news is that everyone, whether it’s, it’s, your home or your or your business of your non-profit has been saving millions and billions of dollars over the last twenty five years as a as a t and t was broken up, and new competitors have come in. And so we’ve all been saving an incredible amount of money. Therefore, i would recommend that someone ah non-profit not take a look at telephone and internet connections as a high priority area for cost reduction because so many contradictions have already been squeezed out of the market buy-in just because of of with market trends. I think that the first place to start within that area is in your data, not on your voice communications, and there was a lot more competition in the the line charges between communication hubs and you knows we’re starting to get technical, but they’re okay if you get too technical, put george in jail, but go ahead. But on the data side, ah, most non-profits are less sophisticated in that area and the in the market there was more competition buy-in in that area than there is over on the voice side. Okay? And on the voice side, i know that there are consultants who will work on a contingency basis. Now, i do understand your caveat that this is not a place to look maybe first or even second for cost, because we’ve already we’re all enjoying the savings and we all pay unlimited. We’ll pay a flat fee, probably for unlimited service, but if someone wanted to look at it, the phone side, there are these consultants to work on a contingency, right? And we’ll review your bill. Yes, there are, they’re two kinds of consultants, and they’re two different perspectives. There are certain consultants that will do an audit of your past bills and see whether you’ve been overcharged charge for things that weren’t in your contract and there’s a basically a fifty fifty contingency situation. Usually, if you have not, if you’ve either never had an audit or you have not had an audit in the last three or four years. It’s reasonable to consider it. Okay. The other kind of consultant is looking at the future and they probably will not charge a contingency. They they will get paid by the phone company the way an insurance broker is on a residual basis so you won’t have to pay for this service. They they will show you how to save money. And then you will just pay the phone company what you pay and the phone company will pay them a residual commission. And for these look back phone consultants. When you say it’s a contingency fee basis, that means if they save you money and i guess if they actually get your money back from previous errors, omissions, whatever mistakes they get fifty percent and you keep fifty percent that’s. Correct. There should be no other fees. Ah, no other exchange of money. And this sort of assignment, unless they actually save it and get it back correct and let’s look sort of expand from phone internet and look att utilities a little more generally. What way? Be talking about gas and electric, primarily gas and electric in some in some areas also a fuel oil. I know this is getting really boring. People start to glass over when you talk about when you, when you think about your utility bills, if you are paying them directly as opposed to paying them is part of your lease. This is an area where there is a whole new market, and in new york, they’re called s coz ceo energy supply companies. They are state regulated. They are approved by your local utility. Tell you’re afraid of george in jail again. I’m a quick learner, tony. By the way, my guest is jeff marston and he’s, the president of resource centers for management. We’re talking about backoffice blunders, saving you money in the back office. And, of course, i interrupted you. Jeff let’s, talk more about those energy service companies. Okay. Basically, they are legitimate. As they said, their their their their state monitored it. Is a legitimate organized market, and anyone can save sixty seven percent on their total utility bill now gas and electricity and ah also, most customers now have the opportunity to enter into a fixed price contract, and especially if you are interested as a non-profit of you were interested in budget certainty over a specific period of time. These energy supply companies can now offer you a fixed price for a year. Two years, three years. You you may save money. You may you made not save money because of the market goes down significantly. But if you are comfortable with where the market is today and you want that budget certainty then this is now offered to you through this this new energy supply company idea. And how do you find the energy supply companies? The s goes in your area, wherever you are in the us. Well, there are there two basic ways. One is you. Give me a call at eight, six, six two seven seven, eight, six, six xero or you go to the website of your local utility of or of your state public service commission and of do a little do a little seeking on. And you will find the names and contact information for all of those. The vast majority ofthe states that have decoupled supply from distribution in the energy business are located from the district of columbia to maine. Oh, okay, it’s, atlantic seaboard, the mid atlantic. Yeah, admit atlantic and new england. If you’re listening to us and in denver or minneapolis or or new orleans, your states are are not are not doing that yet. So so so outside the area from maine to washington d c you’re saying it’s pretty much just you work with the supplier that that is state authorized? Correct? There aren’t thes energy service companies s coz that’s? Correct? Let me also add that if you want to go broader than our discussion, i have something from jeff. The file name is cutting costs and it’s ah it’s from a workshop that he did on cost management strategies. He was the facilitator and i have it up on my block now that’s at mpg a dv dot com you click the media tab and you’ll find the file under today’s show date the october eighth and the fire was called cutting costs that is provided to our listeners from jeff. I want to thank him for giving us that resource. What else? Sounds like you might have more, more, more advice around utilities? How? Well, let me ask you specifically, how often should you be going into the marketplace to compare what you’re paying now with what you could be paying is that every year, every couple of years, how is that good question? Completely different from the health care area it’s. Completely different competitive situation. There are in new york state. There are about twenty five, cos it’s much more of a commodity. So basically, if you’re staying with a variable month to month kind of cost once a year, you should seriously reconsider. If you enter into a contract one, two or three years, then you, about three months before your contract terminates. You get back with the company or your broker, and and you take a look at it. But it’s much more of a of a commodity situation. It’s interesting. There are different areas of savings where you should be into the marketplace, um, or or less frequently, definitely. And this gets back into using your broker. Your provider? Your vendor as a consultant and finding out what the market is in terms of your relationship to the market in terms of buying and going out forbidden that sort of thing, so they will tell you, and it changes from subject matter to subject matter and it’s really up to you to broaden your relationship with your broker, tio, this consultative advisory role that you’re suggesting in whatever area we’re talking about, right? And you should not you should not feel hesitant to do that. People want to get they want to get your business, and they are able to provide these services and in tougher economic times they’re increasingly willing, and therefore you don’t have to staff up or it’s it’s there for the asking. One other thing on energy we’ve talked about buying energy for less thie other is using less energy. New york state has a subsidy for energy audits by third party funds to do an audit of your facility, so the state will help you pay for the others. And, uh, the cost of the audit is certainly less than a thousand dollars, and as i said, it’s, a third party, a situation it’s not done by a lighting engineering company, and so they’re going. Teo recommend all kinds of lighting situation thes air companies with with contracts with the state, and they will take a look at the physical plant and all your equipment and that sort of thing and give you give you a report, that’s the other side that’s the other side of the utility area where you may be able to save money. Certainly over the next a five year period, for example, and for our listeners that might be outside new york, that could be something that they should look for. Also, if even if there isn’t a state subsidy but the energy audit, maybe money worth spending because you can save the cost of the audit over several years in the future? Yes, and it’s, much more likely that this state subsidized program exists in in new york than it does anyplace else, given the level of expenditures in new york, my my warning for people is that they that is very possible that they could find the right consultant and they might find a affirm that is in the biz is in one segment of the business. Of lighting or h, v, c or some other area. But if you have a good heart to heart discussion with them about, we want to see everything, not just your specialty. You it may very well be worthwhile. Tohave it done. We have about a minute and a half left. Jeff, i’d like to look at the ah, the sort of more mundane actually have about a minute left office supplies off of everybody spending money on paper, paper clips, staples are their savings that can be wrenched out of this. Yes couple of rules of thumb never buy office supplies from a company that has retail stores. Really? Retail stores are expensive, and even though you’re buying over the internet, you’re paying for the retail store. So staples, office depot, although they recommend they are major companies that are lower, lower crossed so let’s, just focus on that because we only have a little time left in thirty seconds or so. What what’s the alternative if we’re not going to buy from staples, office depot, et cetera, where should we go? Well, ah, i have a favorite company and i don’t think we should i don’t think i should promote them, but if people want to talk to me about that, i can, i can do that off the air this is an area that most companies that they have not gone out for bid in the last twelve months can save fifteen to twenty five percent. Jeff again, if people would like to reach you what’s what’s the phone number or the e mail one okay, i’m old fashioned. Give me a call. Toll free number is eight, six, six, two, seven, seven, eight, six, six. Xero. My guest has been jeff marston, president of resource centers for management. I hope you got valuable back office blunder avoidance tips after this break going, toby tony’s, take two and then i’ll be joined by claire meyerhoff, where we’re talking about your five minute event. Super streamlined events to keep your audiences informed, engaged and awake. This is tony martignetti non-profit radio stay with us talking alternative radio twenty four hours a day. Hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 and aqueduct racetrack in queens, contending into three p m we will have over one hundred companies looking for qualified workers. They’re all to be lectures on jobs, try to jeez and networking. So come and bring plenty of resumes and join me on friday, november twelve at aqueduct racetrack for a Job fair from 10 a m to three p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one altum are you suffering from aches and pains? Has traditional medicine let you down? Are you tired of taking toxic medications? Then come to the double diamond wellness center and learn how our natural methods can help you to hell? Call us now at to one to seven to one eight one eight three that’s to one to seven to one eight one eight three or find us on the web at www dot double diamond wellness dot com way look forward to serving you. Hey, all you crazy listeners looking to boost your business? Why not advertise on talking alternative with very reasonable rates? Interested simply email at info at talking alternative dot com dafs talking alternative radio twenty four hyre. Durney welcome back, i’m tony martignetti jeff marston left us a little bit hanging there because he sort of teased us, he said. Don’t use the brick and mortar stores because their overhead is so high and he has a provider that he strongly recommends for office supplies. I am going to post his recommendation on our facebook fan page, so when you go to facebook, then you just search tony martignetti non-profit radio you’ll go to the fan page and very shortly after this show, you’ll see what store he recommends. Four office supplies saving big money from the sort of big brick and mortar stores it’s tony’s take two time roughly thirty two minutes after the hour, and i’m goingto remind you, as i did last week, that the i r s has something you should be paying attention to your non-profit status could be at risk. I’m reading from a press release of theirs from this summer small nonprofit organizations at risk of losing their tax exempt status because they failed to file required returns for two thousand seven, two thousand eight and two thousand nine can preserve their status by filing returns by october fifteenth of two. Thousand ten under a onetime relief program that gives you a week. So you go to the irs dahna dot gov site, and they have a list of non-profits that are at risk? Um, i can save you having to navigate through their sight because on my blogged at m p g a d v dot com there’s an irs widget, and you click on that widget, it will lead you directly to the list of non-profits that, the internal revenue service has said are at risk for losing their non profit status because of not having filed in the over the past three years. So at the blogged click the widget, you can see the list if you’re not in a non-profit but if you know people in non-profits you might want to send them to that widget so that they can read the list and see what organizations are at risk of losing non-profit status, i’d hate for you to not be able to listen to tony martignetti non-profit radio. I mean, how can you listen to the show if you’re not a non-profit if you lose your tax exempt status, you can’t listen to this show that’s. Probably the biggest consequence of letting this happen, and i also want to tell you that i’m pretty excited to be partnering with the chronicle of philanthropy at the national conference on philanthropic planning next week. It’s down in orlando, florida, the chronicle and tony martignetti non-profit radio are going to partner to produce podcasts, we’re going to be interviewing speakers off line and then offering those interviews for you on this show. And of course, the chronicle of philanthropy will also host those interviews on their site. So that’s ah, that’s pretty cool, we’re ah, we’re partnering with ah pretty well known media outlet very pleased to be doing that, and we’ll be bringing those interviews to you later this month or or early in november. I’m now joined by claire meyerhoff. Claire is a marketing specialist for non-profits we’re going to be talking about your five minute program, super streamlined events that keep your audiences informed, engaged and awake. Clare is a marketing specialist who works with fundraisers and nonprofit organizations she’s, a former broadcast journalist with lots of acronym big acronyms, cbs radio, x m and cnn and during those stints, she covered lots of events either. Covered or attended hundreds of non-profit events, she combines that experience with her production skills to help non-profits design and execute programs that are entertaining, informative and concise. And we’re going to be talking a lot about concise because the topic is your five minute program. I’m very glad that claire’s work is her to the show today. Claire, welcome. Thanks, tony, thanks so much for having me. Because this is a great forum to share with the non-profit audience about events which are so so important. Yes, i’m pleased to have you back. Claire’s, a repeat guest and also the creative producer for tony martignetti non-profit radio. Claire, i think organizations don’t pay enough attention to planning their their events. Their program. What advice do you have? Well, i think that in my in my little a world where i where i come up with little acronyms for things, the little names for things i’ve just come up with this is i was waiting to come on and that’s that i think the event and specifically the program portion of the event is the final frontier of fund-raising you could see me, you can see why claire is the creative producer of this show she’s waiting on hold to join the show and she comes up with final frontier fund-raising please go ahead elaborate. Sorry, it’s it’s the final frontier of fund-raising is what’s what’s. The first step of fund-raising is just is just the ask the simple ask, you know your son is raising money for jump rope for hard, and he goes to the next door neighbor, and says, would you support may and that’s an easy one, right? Because that’s the neighbor and it’s, not for very much money. So that’s that’s a pretty easy ask so that’s, sort of the first frontier of fund-raising and then we go, you know, down the line for very sophisticated asked, and even, you know, planned giving and thank you, she she mentions plan giving say so dear to my heart. Yes, the more sophisticated, you know, that’s sort of a ah, deep frontier of fund-raising it’s a long time before you get that donor to the point where they’re goingto do a bequest, our charitable gift, a new innovation so there’s all these different levels of the ask and fund-raising and when you put on a fundraising event that is the time of year where you’re celebrating your organization, you’re having fun with it, you’re inviting all these different people to come. They bought a ticket for thirty dollars, seventy five dollars, one hundred fifty dollars, six hundred dollars, depending on where you are and how fancy your event is. So now these people have come and they’re all dressed up and you spend a lot of time on the food and the orders and the decorations. And should we have balloons, or should we have four kids? And what should the place look like? Should we have strolling singers and acrobats running around our event hall? So it’s it’s very events are very labor intensive, my my event supremely labor intensive and then when i found from working with non profit organisations, is that the program part of the event is almost an afterthought. It’s something that happens maybe the week before or even i’ve seen it the day before, where they say okay, well, who’s going to get up and speak and what are we going say and who’s going to say what? And the program is really one of the most is more important than the little shrimp order bs that you serve or if you’re going to have caviar or little tiny hot dogs, it’s much more important what you actually say to your donor’s while you’re up there on a stage and you have their undivided, hopefully attention. So that’s, why it’s so very important this is an opportunity for you to speak to donors, whether they’re long time dedicated donors or they are that donor’s guests at the event. So let’s say you have someone they’ve been coming to your event for ten years, and they are very good supporters. They’re in your hair in your special circle, they give, you know, twenty five hundred dollars a year and they are very important donors to you, and they have brought their friend, their neighbor, who they would like to introduce to your organization. So this is your chance to speak. Can not only your dedicated donors, but also your your new donors, your potential donors, potential friends of your organization so it’s really, really important it’s almost more important to me than just about anything else, except perhaps the auction if you’re going to have an auction, okay, so that’s really important? So pure, so clearly now the program people, you are on stage, you’re on the air, you know, let’s say your you know, a newscaster and you have five minutes or ten minutes to talk to your audience. What do you tell them? You tell them the most important news of the day or things that you think your particular audience is interested in learning about so that they don’t shut you off or turn you off. So think about your guests as viewers that are watching your little show about your organization, and so you’re recommending claire the five the five minute programmes you want, you want the program to be more important than whether the bunting matches the flowers clearly and you have the really the five minute program tell us about what buy-in organization should be doing at this gala in just five minutes. Well, there’s, a lot that you could do in five minutes and you have these people and they’re usually sitting there right there, the round tables in this big room at the d’hotel, and they’re sitting there and what i like to say is that your guests, our donors and guests and friends they’re not hostages, they’re not a hostage for the next five minutes, ten minutes a half hour to your speakers and your program, they’re your guests and they could just get up and leave, but they’re much, much too polite to do that. So your goal is to keep them engaged and keep them informed and keep them entertained. And i think that that’s the perfect way say it and so what’s, your first step is you want to, you know, welcome that you want to greet them. That’s easy to do, you don’t have to say a whole lot to greet them. You don’t have to go on and on with the greeting you just simply, you know, thank everybody for being there. So that’s, the most important part is to thank everyone several times, just as you would thank a donor several different ways of, you know, a good donor. You would thank um, several different ways you’d call them you send them a note, you didn’t fight them to a little event. You thank them in a lot of different ways, whereas whereas we’re as we’re developing the program, who should be the key speaker, who should? Be the first one up to say thank you. Well, the first one option to say thank you should be really quote the host of the event whoever that person is that was kind of the most important person in bringing all these people together. So let’s just say this particular year you have a local person who’s very well loved. Maybe you have the local ah weathercaster from the tv station whose daughter has really benefited from your after school program that you’ve been running for years. And she’s decided this year to step up from doing something kind of simple to being the chair of the event. So let’s just say she’s been very, you know, she’s been key in planning this event and that’s why people are there, she should be the person that should get up and thank everybody, not the executive director of the organization. So it should be that key person that people are going toe really appreciate them getting up and saying thank you. So think, really think about and not just go to the default like, oh, we should have, you know, our event chair or we should have our executive director get up, speak. So it could be you know, anybody that you think is that person that everybody that’s in the room would be interested in having them thank them. So come up, come up with who that person is, and and that person kind of plays the role of the host. And this is a simple little roll of just keeping keeping things moving along because it is a little program. It’s a little show. Just like when you watch jay leno, he is the host. He keeps the show moving along. Yes, the band plays. Yes, the guests come on and talk. Yes, there’s. Some other there’s a singer performing or something like that. But jay leno was the host that he keeps things moving, so appoint someone the host i can think of another host isn’t. Isn’t there another host you might like to use as an example host of ah, a radio show, perhaps, who keeps things moving along and has guests and they come in and is there possibly another example besides jay leno? Oh, what a coincidence. Oh, thanks. Carry great non-profit radio show on the planet. As far as i know, i didn’t ask you to say that part thank tony, keep things moving along and he did besides what the show is going to be like, and he keeps things moving along and make people feel welcome. And most importantly, tony martignetti is a radio host. What he wants to do is keep people entertained and engaged and informed and staying show on dh claire, i have to tell you, just clear to my role we just have about ninety seconds before the break and you had just explained who the the first guests should be. The main host should be thanking everybody in just a ninety seconds til we have before a break what should come after that person in your five minute program? Well, in my five minute program, i could probably do that. I’ll run the whole program down for you in ninety seconds, and i’ll do it head into the brakes. So your first thing is someone greet, greet the crowd. The next thing is they tell them why they’re they’re so tell them something important about what’s going on right now that they might not know about. So you know you’re here because because this year we’re launching this major endeavor where we want to, you know, we serve fifteen schools now, and by this time next year we hope to be in every school in the county and that that takes a lot to do that. So tell them something very important. Give them some news about why they’re there and why it’s important then the next thing that you khun dio is is simply give someone a gift and that’s my favorite way tio, to build a program around the gift say it’s an after school program and you have a teacher in the program who’s really done fantastically she’s done wonderfully. And her dream is tio, you know, take the kids, ice skating or something and do these different things for the kids. But she needs a certain amount of money to do it that’s outside of the normal budget. So this is a great way to honor this person. Plus explain a little bit more about your mission. So you can say, you know, we have our guest of honor tonight is, you know, mary katherine stewart. And she is the director of such a program. And she’s been here for twenty years. And she’s done extraordinary work, and we would like to say thank you to her tonight. Then she comes up and you say, and we have a gift for you, mary, catherine and it’s, something that she doesn’t know about. You know, we know that you’ve been dying to take the kids to the brand new skating rink, so here is a gift certificate from the skating rink. They’ve agreed to do this and that, and the other thing, and where we have to leave it there, we have to leave it there. We’re gonna take a break, and we’ll pick it up after giving a gift. This is this is you did have get you more than ninety seconds. My guest is clear, meyerhoff taking over the show, she’s, a marketing specialist for non-profits. Please stay with us. You couldn’t do anything, including getting thinking things, you’re listening to the talking alternative network, get in. Nothing. You could. Is your marriage in trouble? Are you considering divorce? Hello, i’m lawrence bloom, a family law attorney in new york and new jersey. No one is happier than the day their divorce is final. My firm can help you. We take the nasty out of the divorce process and make people happy. Police call a set two one, two nine six, four, three, five zero two for a free consultation. That’s lawrence h bloom two, one two, nine, six, four, three five zero two. We make people happy. Durney is lack of capital or credit keeping you up at night? The show me. The money conference is coming to the roosevelt hotel, forty five east forty fifth street in manhattan on november third. This’s the best business networking opportunity to meet potential investors and lenders, and get answers from our expert panel of business and financial advisors. From or information, call six four six six one nine eight, xero nine one or online at rose otto accounting that’s r o s a d o accounting, dot, com, slash show me the money. This is tony martignetti, aptly named host of tony martignetti non-profit radio. Big non-profit ideas for the other ninety five percent. Technology fund-raising compliance. Social media, small and medium non-profits have needs in all these areas. My guests are expert in all these areas and mohr. Tony martignetti non-profit radio fridays, one to two eastern on talking alternative broadcasting. You’re listening to the talking alternative network. Geever metoo welcome back. We’re in the midst of the five minute program with my guest, claire meyerhoff of marketing specialist for non-profits and claire, we were so far have covered the greeting, why we’re gathered, give a gift, what are the other elements? Just briefly of your five minute program and they will dive into a little detail? Well, the other elements of the five minute program are basically what you feel like you absolutely have to include so that’s where, you know, you’ve decided that while we have our board chair is retiring this year, we need to honor him or we have a new director. We need to have him speak, he has to speak. If he doesn’t speak, you know the world will collapse and that’s that’s what’s really important with the program is to completely tryto limit the number of people that are getting up in speaking. And then the next challenge is to limit the amount of time that they are speaking. So if you could give people something to do rather than just give them this open ended, we would like you to speak that’s your first step in in controlling on that’s something to do was probably give a gift. Let’s, let’s, explore that. There are two things i definitely want to dive into e-giving the gift and sharing your timeline, but let’s talk giving the gift what do you mean by that? Well, in the giving the gift is this is a way for you to do a numerous things with one simple gesture, one simple action, and that is you can have the, you know, the giver of the gift could be an important person, so let’s, just say you have a new executive director and it’s important to introduce him to your crowd, but you don’t really want him to speak for ten minutes and give his resume and his vision for the future because you’re going to bore your audience with that. Yes, so instead you can have your new executive director give that gift to the woman that has done a great job for your after school program for the last twenty years. So this is where you if you have an honoree, in other words, you’re saying this is this would be a great opportunity to honor that honoree by having that the special person give a gift. To the honoree, is that what you’re talking about? Exactly? It gives everybody like something to do, as opposed to just an open end, and we would like you to speak or we’re going to give you this award, so please get up and speak for a half an hour and for assault also tears. So if you have this honoree that’s, a way to introduce them, so you let’s just say it’s, the new executive director, and and she has come from, you know, let’s, just say you’re in st louis and she’s come from new york city, and she used to run some big organization and now she’s with you and and you want to let people know that so that you introduce her? You say we’d like to introduce our very new executive director she’s part of all our exciting plans for the future and she’s come from new york and she’s done this and she’s done that and it’s a better way to do it rather than have the person talk about them selves, because when people talk about themselves, it’s one of two things it’s either they you know, go on and on and on. To tell you how great they are or their humble like hopefully most people are and they don’t like talking about themselves. A lot of people have said they really don’t like talking about myself, so let someone else do it. And in this case, it’s your host of your event so they can say we have our new executive director. I’d like you to introduce her to you, she’s come from new york, where she ran this, that and the other thing and we’re so excited to have we could not possibly dream of ever having a wonderful person like this here in st louis helping our organization. And we’re gonna we’re gonna put her right to work by announcing who our honoree is this year. So then you’re you’re first honoree. Really? Your new executive director gets up and then they know all they have to do is say, oh, thanks for saying that night i’m so happy to be here in st louis. I love it here already and there’s so many great people here, and i’m gonna tell you about one of them right now. And that’s mary katherine stewart, who is our executive, you know? Our director of our programs and is doing it for twenty years not such a great job, we have a gift for you. This is exciting, you know, trip, you can take your kids on whatever it is you give her, and then the executive director gives the gift to your other honored person. Now all your other honored person has to do is say thank you for the gift you have to say anything else and look at the things you’ve done now in a very short period of time for your audience, your donors, you’re dedicated donors and your potential donors, your new friend, they see that you have great people working for you. They see that you’re very generous and that you have your act together, that you went out and got a gift for this person, that you could afford to do that. But you’re not dying in this economy, like so many people are cutting back, you actually went out and got a gift for this person kapin the gift has something to do with another sponsor. So in this case, i’ve come up with this skating rink where thie person, the honoree is going. To take her kids from her program. And so now that skate rink gets a nice big thank you in front of the whole crowd of people so used now brought in another spot, sir, and you, you’ve highlighted somebody else. We have a right and a small amount of time you’ve said, thank you. And you’ve also explained a little bit more about your mission. The gift should have something to do with the mission. We have to move on to the next topic i want you to share your ideas on, and that is you alluded to it the value of the timeline, but we just have about thirty seconds. Claire what’s what’s the value of the timeline and who should we be sharing it with? Well, a value of the timeline is that it keeps everybody on schedule, so someone needs to be appointed a producer of an event, and that should be someone with experience doing something like that. They don’t have to be a professional producer, but just someone that knows how to make the trains run on time. And everybody knows somebody like that. And you say we have five minutes. How are we? Gonna fill that up and they come, they just do a little run down timeline. This is what happens, you know, from the you know, the first minutes of the second minute, second minute of the third, fourth, fifth boom and if you try to make it five minutes on paper in reality, it might be about ten minutes long. We have to wait. We have to stop there. I’m sure there’s also value in sharing that timeline with the people who are going to speak so that they see you speak for one minute you’re on for two minutes, and all of this adds up to your five minute program super streamlined events. My guest has been clear meyerhoff marketing specialist for non-profits you can contact claire through my for the facebook page on the website because she’s, the creative producer, and that’s the way to reach her if you’d like more information on her five minute program. I also want to thank my previous guest, jeff marston, the creative producer of sony martignetti non-profit radio claire, of course, our line producer sam liebowitz, our facebook and social media, of course, as always, by regina walton of organic social. Media, this is tony martignetti non-profit radio. Join us next friday, one p, m eastern. Pretending to do, you’re listening to the talking, alternate network, waiting to get in. Nothing. You could. I really need to take better care of myself if only i had someone to help me with my lifestyle. I feel like giving up dahna is this you mind over matter, health and fitness can help. If you’re expecting an epiphany, chances are it’s not happening. Mind over matter, health and fitness could help you get back on track or start a new life and fitness. Join joshua margolis, fitness expert two one two eight sixty five nine to nine xero. Or visit w w w died mind over matter. N y c dot com wolber this is tony martignetti aptly named host of tony martignetti non-profit radio big non-profit ideas for the other ninety five percent technology fund-raising compliance, social media, small and medium non-profits have needs in all these areas. My guests are expert in all these areas and mohr. Tony martignetti non-profit radio fridays, one to two eastern on talking alternative broadcasting hi, i’m new york state senator joe a dabo i will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m we will have over one hundred companies looking for qualified workers. They’re all to be lectures on jobs. Try to jeez and networking. So come and bring plenty of resumes and join me on friday, november twelfth at aqueduct racetrack for a Job fair from 10 a m to three p m for more information, please call pete in my district office at seven one eight seven three eight one one one one. Dahna are you stuck in your business or career? Trying to take your business to the next level and it keeps hitting a wall. This is sam liebowitz, the conscious consultant. I will help you get to the root. Cause of your abundance issues and help move you forward in your life. Call me now and let’s. Create the future you dream of. Two, one, two, seven, two, one, eight, one, eight, three, that’s to one to seven to one, eight one eight three. The conscious consultant helping conscious people. Be better business people. You’re listening to the talking alternative network. Duitz

  • Tony Martignetti Nonprofit Radio for October 1, 2010

    Big Nonprofit Ideas for the Other 95%

    Compliance. Board relations. Fundraising. Technology. Volunteer management. Accounting. Finance. Marketing. Social media. Investments.

    Every nonprofit faces these issues and big nonprofits have experts in each. Small and medium size nonprofits have Tony Martignetti Nonprofit Radio. Trusted experts throughout the country join Tony to take on the tough issues facing your organization.

    Episode 12 of Tony Martignetti Nonprofit Radio for October 1, 2010

    Tony’s Guests:

    Maria Semple, The Prospect Finder.

    “Go Beyond Google: Gourmet Prospect Research on a Goulash Budget

    Tips on free prospect research resources to know your existing donors better and find new ones”

    Cathleen Rittereiser, co-author, “Foundation and Endowment Investing”.

    Everlasting Endowment: Techniques to keep your endowment safe and invested right; Your CFO and board should listen

    • When and where: Talking Alternative Radio, Friday, 1-2pm

      Click over to our Media page for the files we’ll discuss during the show.

      You can subscribe on iTunes and listen anytime, anyplace on the device of your choosing.

      Sign-up for show alerts!

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      Thanks.

      Here is the link to the podcast: 012: Going Beyond Google & Everlasting Endowment
      View Full Transcript

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      Hello and welcome to tony martignetti non-profit radio big non-profit ideas for the other ninety five percent. I’m your aptly named host tony martignetti i want to thank larry bloom for that shout out saying hello, what a heartfelt and tender, sincere show he he just ran if you didn’t hear it right before this show it’s the divorce, our with larry bloom, you’re non-profit if you’re feeling left out of the mix because you’re smaller midsize left out of consultants, attention, the media attention, you have a home here at tony martignetti non-profit radio last week, we had tips to tune up your plan giving program by hiring the right financial partner and how to have a good working relationship with that partner, and we also featured a new segment i’m looking remember that was advice for non-profit job seekers from recruiter paula marks and that’s going to be a recurring feature on the show this week. We’re going beyond google gourmet prospect research on a goulash budget. My guest, maria simple, the principal of the prospect finder, is going to share strategies to know your current donors better and find new ones. I’ll also be joined by kathleen. Rittereiser we’re going to be talking about everlasting endowment in the second half of the show techniques to keep your endowment safe and invested, right? She has researched what the big, sophisticated endowment managers do and she’s going to share what she learned your cfo and board should be listening it’s not too late to call them up and have them listen because she’ll be in the second half of the show and between the guests around the half hour it’s tony’s take two this week, the irs says you’re non-profit status may be at risk if you’re not a non-profit you can’t listen to this show, tony martignetti non-profit radio we can’t have non non-profits listening to the show, do you want to risk that as well as possible your tax exempt status that’s probably secondary toe not being able to listen to the show that’ll be tony’s take two around the middle of the show, i’m your host tony martignetti this is tony martignetti non-profit radio we have a ninety second break, and then i’ll be joined by maria simple. Talking alternative radio twenty four hours a day. Are you stuck in your business or career trying to take your business to the next level, and it keeps hitting a wall? This is sam liebowitz, the conscious consultant. I will help you get to the root cause of your abundance issues and help move you forward in your life. Call me now and let’s. Create the future you dream of. Two, one, two, seven, two, one, eight, one, eight, three, that’s to one to seven to one, eight one eight three. The conscious consultant helping conscious people. Be better business people. Is your marriage in trouble? Are you considering divorce? Hello, i’m lawrence bloom, a family law attorney in new york and new jersey. No one is happier than the day their divorce is final. My firm can help you. We take the nasty out of the divorce process and make people happy. Police call us ed to one, two, nine six four three five zero two for a free consultation. That’s lawrence h bloom to one to nine six four three five zero two. We make people happy. Hyre geever. Hey, all you crazy listeners looking to boost your business? Why not advertise on talking alternative with very reasonable race? Interested simply email at info at talking alternative dot com. Welcome back on tony martignetti, host of tony martignetti non-profit radio i’m joined now by maria simple, the prospect finder larry bloom on the show before, when he was signing off and saying goodbye, said he doesn’t know what a prospect what the prospect finder is. While we’re talking about prospect research, maria samples company is the prospect finder. She’s, the principal of the company and the website is the prospect finder dot com maria is an experience researcher, trainer and frequent speaker on the topic of prospect research, she consults with non-profit organizations and helped them helps them find their best prospects for long term relationships. She’s, a member of the association of professional researchers for advancement, that’s apra. And prior to her work in this field she was a securities dealer in the investment banking industry. And interesting now she also does consult for financial services firms, helping them find the best prospects. I’m very pleased that her practice and work brings maria simple to the show. Maria welcome. Thank you so much and on a lousy crummy day thank you for coming into the studio from new jersey. It is a bit rainy today, maria what’s the value of prospect research for small and midsize non-profits why should they be thinking about it doing it? Well, you know, the more that on a ah, non-profit can learn about their potential donors, they’re donorsearch prospects ah, and their philanthropic interests it’s going to enable them to really hone in on matching the interests of the donor ah, with the organization’s mission on dh so we’re going to be looking at or what the organization is doing is looking at the background of people and there and sort of their biography and profile to find that kind of a match. Yeah, that’s, right. So what we like to do is take a look at not only somebody’s capacity to make a gift, hopefully a major gift to your organization, but also whether or not they have an inclination to want to give to your type of cause. So just finding out that somebody is wealthy does not mean they’re going to want to part with their money and give their money to your organization. So it really is helpful to know what their charitable interests are, where they have given before and at what levels if if we could. Possibly find that information in the public domain. Okay, and that actually leads to the public domain. Leads to my thoughts about some resource is that small and midsize non-profits can use that are either free or very low cost. Can we start toe? Think about some of those. What are those? Well, first and foremost, i think it’s time for all of us to kind of get back to basics and revisit our good old library. So for those of you who do not have a nup dated library card, i highly encourage you to get a local library card or perhaps one of your state level county level. Or even sometimes your alma mater will allow you access to the library. And the reason why i say that is because libraries have changed tremendously in the last ten, twenty years. We’ve seen a lot of databases become available for ah, for the public to use. And you can access the many of those databases from your home. Your office, really, any computer anywhere in the world. As long as you have that barcode and you have internet access. My guest is maria simple, the prospect finder and we are live this week. We can take your calls for maria the court number to call is eight seven seven for eight xero for one, two zero, eight, seven, seven for eight xero for one to zero. So, maria, just the public library. Really? Yeah, the public library in terms of the databases, but also many, many libraries have access to reference librarians where you can call in actually the type in a chat with a reference library in twenty four hours a day, seven days a week. So very often, if you’re having trouble finding the answer to the type of question you’re looking for on some research that you’re doing very often, the librarian will be able to help you really pinpoint exactly where that resource can be found. Either online or within their own resource is that they have what are some of the database is that people might find through their library one database that can be particularly useful and identifying local successful business is business owners would be something called reference yusa and ah, that is in a database that one can access directly, but it’s also available through many, many library, so you can compile lists you khun research companies that you already know about on dh so that one can be very, very useful. Another such database would be who’s who type of database. It is a biographical resource, it’s it’s still available in many libraries and hard copy format. But you can also access it through a lot of libraries by getting in either at the library itself or with your barcode from home and let’s dive into some of these resource is what what kind of information can people expect to find from the who’s who, well, who’s, who was actually provided the biographical, uh, resource itself. The profile itself is provided by the individual who the re sort, who the research is done on. So the name of the individual where they reside, where they work their charitable interests, whatever information they have provided to who’s, who is what you’ll be able to get out of this particular resource. And maria, just in the thirty seconds or so we have before the break, isn’t it possible some libraries that you can buy a card for the library? If you’re not a resin? Local resident? Yes, you might check into some. Of the larger, really large libraries nearby and see if you can actually tap into purchasing a library card. I know that that is definitely an option in somerset county, new jersey, where i reside. Ah, and so you might definitely check into your local county or statewide library. See if that is available to you. My guest is maria simple, the prospect finder maria’s going to stay with us after this break. I hope you will, too. I’m tony martignetti. You’re listening to the talking alternate network, get in. I think. Cubine hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m, we will have over one hundred companies looking for qualified workers. They’re all to be lectures on jobs, tried to jeez and networking. So come and bring plenty of resumes and join me on friday, november twelve at aqueduct racetrack for a Job fair from 10 a m to three p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one, oppcoll. My real self, if only i had someone to help me with my lifestyle. I feel like giving up dahna is this you mind over matter, health and fitness can help. If you’re expecting an epiphany, chances are it’s not happening. Mind over matter, health and fitness could help you get back on track or start a new life and fitness. Join Joshua margolis, fitness expert at 2 one two eight six five nine to nine xero, or visit w w w died. Mind over matter. Y si dot com. Durney are you suffering from aches and pains? Has traditional medicine let you down? Are you tired of taking toxic medications, then come to the double diamond wellness center and learn how our natural methods can help you to hell? Call us now at to one to seven to one eight, one eight three that’s to one to seven to one eight one eight three or find us on the web at www dot double diamond wellness dot com way. Look forward to serving you. You’re listening to the talking alternative network. Welcome back to tony martignetti non-profit radio. I’m joined by maria semple, the prospect finder. Her website is the prospect finder dot com maria. Before the break, we were exposing people to the idea that the public library you said back to basics could be a really good source of information, and people can actually bike a library card if they don’t live in the region. So what? Um, what specifically could we do with the information? Let’s? Take the who’s who? Ah, typical biography, you said it’s, provided by the person who biographies on what what’s a what’s a non-profit going to do with the information that they find? Well, very often, it’s going to give you some really good information about somebody’s career. So let’s say we’re profiling somebody who happens to be a longtime employee of a public corporation. Ah, there maybe the ability for the non-profit to garner gift of stock from this individual. So just knowing that they have been ah, in a long term connected to a public corporation, you can actually ah, research out to see if they happen to be a corporate insider. Ah, and corporate insiders must report all of their trading activity to the securities and exchange commission. So this is one thing that a non-profit khun do. If they feel that somebody has really risen to the ranks of being a corporate insider, they might be able to ask, forgive to stock instead of a gift of of cash spotted. This could be particularly important if you’re looking at a major gift for a capital or an endowment campaign. S o definitely a resource stop for one second. We have ah, on the show, we have a jug in jail, and i’m the warden of jog in jail. So i have to take out the keys and ask you about an insider. What is the definition of an insider in a corporation? Well, if you are considered a corporate insider by the securities and exchange commission, you basically fall into one of three categories. You’re either one of the top officers of the company, in which case all of your stock positions as well as your salary history going back three years, is provided to the sec and in publicly filed documents, you also have the entire board of directors. Ah, that would be considered part of the corporate. Insider group and anybody owning ten percent or more of the outstanding stock of the company would be considered a corporate insider. So if you’re in one of those three categories, you do report all of your trading activity in that particular stock to the sec. Thank you for that. Right now you’re out of the jail. Wardens open the gate, the doors because you gave us that definition. What you said earlier. You want to try to match the a person’s background with your mission and your work? What about finding other non-profits that they give to that might be within your area? How could someone find out what other organizations someone gives too well? You can sometimes find it out through those biographical resource is also a newspaper articles s o i’m not suggesting you have to read every local newspaper where national newspaper but there are re sources such as news directory, dot com newspapers, dot com where you can go and research papers nationwide. So if you know if somebody that has perhaps a residence in manhattan but also spends part of their year in palm beach, florida, you might check newspapers related to those two. Regions to see if their name happens, teo, be connected to any major fundraisers gallows. Perhaps they’ve named a wing in the hospital in one of those two locations. So really, you know, looking for any press as well, that you might be able to find on the individual and googling them, learning how to use google? Well, actually, i always skip the main google page, and i go right to the advanced search page because it will enable you to, like, say, for example, tony, if i were researching your name, i would put your name in quotes, and i would ask google to return to me the hits that have only dot or go after them or dot edu, because that what that will tell me is that you are perhaps connected to those non-profits in some way either serving on the board ah, we’re making some donations, you’ll find nothing about me because no one goes to my blogged no one reads the content that i put out so you’re welcome to try but there’ll be nothing. What? Um, what about the person’s college? Could we if we know where they went to school? Can that be? Ah, possible source of information. Yeah, sure can, especially if you have a board of directors who is very active board of trustees was very active with you in trying to do some fund-raising if you’re able to determine either through a biographical sketch like in a who’s who profile or even looking at somebody’s linked in profile, those profiles are filled out by by all of us individually, and we do list where we’ve gone to school on those profile, so having perhaps that knowing that that you have a boardmember that went teo cornell and a and your prospect went to cornell, that might be the person that you want to match up to actually make thie cultivation and solicitation calls. My guest is maria simple, principal of the prospect finder maria provided a resource called going beyond google to find to find and research individual donor prospects, and you’ll find that resource as a pdf on my blogged at m p g a d v dot com and you cook the media tab and its you’ll find it there, and you’ll also find it, of course, on maria’s website maria, where would people find it on at the prospect finder dot com i have a resource is tab, so that document is there it’s going to give you a good overview? Prospect research, as well as a number of resource, is that you can begin tapping into immediately ah, that are even outside of the library world. Just websites that you can go to to begin doing prospect research. And i give you some guidelines as well, for maintaining confidentiality of the information storage of the donor data and you know, some tips on what to do once you’ve got the information and that’s all in the resource center of of your web site, the plastic finder dot com people get outraged a little bit by the availability of public information governments, state, local governments well and the federal government to putting so much on the web. But that’s sort of rich area, isn’t it? For prospect research he’s publicly available records and documents? Yeah, in fact, prospect researchers that work in non-profit institutions on ly have access to information that is publicly available. So it’s available by anybody. I know that donor private individual privacy is a huge hot topic today and what i can tell you about that? Is that the association that you mentioned earlier? Apra association of professional researchers for advancement, we actually have an entire code of ethics and guidelines to follow s o that people are their information is safeguarded on dh any anything that is compiled either in paper format or is stored in a computer is all safe guarded. So we do want to make sure that we are maintaining the confidentiality of the information and so let’s dive a little further into these public records. What kinds of things can people find in and say dmv database is marriage databases, real estate databases that air that air all publicly accessible? Well, the d m v database is we don’t we don’t tap into you can tap into some marriage and divorce records of the records that are tapped into quite frequently, though, are the property records? So we do like to have a general idea about somebody’s wealth with regard to their primary and any secondary properties they may own. So we tried to look at the value of those properties as well as perhaps the taxes that are paid on those properties and just would give you a general idea of their level of wealth, and in that case, if they’re the government documents you’re, you’re likely to see the the assessed value, which is often a lot lower lower than market value. Do you have any resource is for for market value on property? Yeah, actually, a really good resource is zillow z i l l o w that one it’s free zillow dot com you can actually even get a pic stir of the property in question, and it’ll give you a really good idea of where the property has been in value over a certain period of time. S o u will definitely have, you know, a pretty good sense of that. That person’s property value all right? And so now we’re giving people advice too, and a tip that they can go search their friends home, value their neighbor, right? I mean, we can we can take this a little beyond non-profit prospect research, but we don’t want to. We don’t encourage that. No, let’s. See what? What it should be in a sort of a prospect profile if if if someone is contracting with you or someone else for information on a donor or maybe a dozen or so donors? What kind of information should they expect to be in a profile? That’s going to be valuable to them? Okay, well, typically, the profile will contain information about the property addresses. As i mentioned earlier, where they went to school, their education, their work history where they’re currently employed, as well as any additional work history, we might be able to find any relevant information about the business. So are they in a an industry that is doing particularly well? Right now we’re perhaps not doing well and still recovering. Ah, we can find all the information i mentioned earlier about any stocks that they may own as a corporate insider, so that would not be any private stocks that they owned, but only those as corporate insider. We would be able to find out if they have made some major gifts to other organizations, and that information has been released publicly where they went to school on dh. Interestingly enough, sometimes the pieces of the puzzle regarding spouses and children could be a little bit more difficult to find on that’s, where you might want to rely on internal sources, such as your board of directors and volunteers to help flesh out those pieces of the puzzle a little bit for you, some of your research could be done by people write who are friendly with them, maybe staff who have met them. Yeah, absolutely. And, you know that that’s really important and any relationship that has been already developed by your fundraiser by your staff by other volunteers is extremely important. For example, they might know about how many children somebody has and the ages of those children. And if you have self couple of children in college and another one about to enter college, you’re pretty assured that a major gift is not going to be forthcoming in the next few years. So you might want to keep that person and more of a cultivation phase a little bit longer. Friends are likely to know what other organizations they might exactly on the bordeaux. Forgive teo. Maybe what clubs they belong to if it’s someone of wealth, right? Right? Yeah. And you might not find that looking. You know, looking in public resource is so please don’t discount those internal sources of information that are could be really valuable. And filling in some of the holes in your profile that you’re not able to find. Several weeks ago, i blogged about the value of the the face-to-face meeting, i like to do donor-centric dinner and just having a conversation with someone for an hour, hour and a half over a meal, you’ll find out a wealth of information was right that’s, right? And, you know, the fundraiser or the volunteer that is having that type of a conversation with a donor prospect, it’s it’s really imperative that that information flow back to the nonprofit organization? Hopefully you have some sort of good donorsearch oft where that is able to capture this information so that you’re able to make these types of notations regarding date of the meetings, what was discussed? S o if you happen to be raising money for a hospital, for instance, does this person have more of an interest in pediatric care, cardiac care, where you know what came through in the conversation that is extremely, extremely important, very critical, and i do find some organizations that don’t have that mechanism for feeding it back, and then it just resides in the person’s head who works. For the organization, and if they’re not around the next time the donor it has to be called or the next major event that the donor comes to or if they leave the organization go to a different job, that corporate knowledge is lost, it has to be fed by, right? And by the same token, tony, there are an awful lot of organizations that have founders of the organization that are still in place, and they have that longevity and like you said, all that information in their head and it’s really important to try and make sure that that information is imparted to somebody well on staff at the non-profit that can really filter that information because, you know, we you know, we could be gone tomorrow, so you know, it’s really important that the non-profit be able to continue their good work. I’m joined by maria semple, principal of the prospect finder her website is the prospect finder dot com, and we’re talking about going beyond google gourmet prospect research on a goulash budget and maria’s sharing terrific, valuable suggestions about doing prospect research for your donors and maybe even finding additional donors people who are not currently close to your organization, maria, what prompted that block post that i mentioned several weeks ago was a wall street journal article. It was on may sixteenth that was called titled is your favorite charity spying on you? And it was a little critical of of the prospect research that we’re talking about. Is this spying well? No, no, no, we’re not at all spying. What we’re trying to do is really garner the information that is going to enable us to develop the best possible relationship with someone. So if you approach this as a business meeting and this is really what it is, this is business. Ah, and also the fact that this individual that you would be approaching for a gift is making an investment in your organization. So it really makes sense to know as much as possible about the individual where their interests lie and see if there really is a match going forward to see if the conversation should take place so thiss type of corporate intelligence, if you will, is going on in the for-profit world market research, etcetera, and we’re just using the information in a way that will enable us. To develop meaningful relationships. You essentially then preparing for a business meeting. Exactly. Exactly. And in fact, if you walk into a meeting with a donor prospect and you haven’t adequately prepared it may it may come through to the person you’re meeting with. And and then you look, you look awkward by the same token, you don’t you don’t want to be so forthcoming with all the information that you know, because that could that could be awkward too, if you start spewing facts about the purse, right? Yes. So, i mean, you really wouldn’t want to say, well, my research has revealed that, you know, you own two homes and they’re valued at x y and z. So you know, the information is there to prepare you to prep you for the meeting, but not that you should start quoting off the information. So you using it on background background, right? Exactly. You want to be prepared? Yeah. And if you were going in to have ah, job interview with it with a corporation, wouldn’t you be doing as much background information research as you can on the company to make you sound like you know what you’re talking about and that there is a match for you to be employed by the organization. So it’s it’s a bit of the same mind frame you might even be reviewing the history of the of the interviewer and that’s akin to what we’re talking about. Right, exactly, marie, our time has come to an end. I want to thank you very much for coming to the studio. My guest has been maria simple, the prospect. Find her, you’ll find her at the prospect finder dot com. She has the resource center in her website and also, as i said on my block on the media tab, you’ll find going beyond google, which is very good advice seven or eight pages of advice from maria simple. The prospect finder. After this break, i’ll be joined by kathleen rittereiser. We’re going to be talking about everlasting endowment techniques to keep your endowment safe and invested, right? I’m tony martignetti, the host of tony martignetti non-profit radio. Please stay with us. Talking alternative radio twenty four hours a day. Hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m we will have over one hundred companies looking for qualified workers. They’re all to be lectures on job strategies and networking. So come and bring plenty of resumes and join me on friday, november twelfth at aqueduct racetrack for a Job fair from 10 a m to three p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one bonem are you suffering from aches and pains? Has traditional medicine let you down? Are you tired of taking toxic medications? Then come to the double diamond wellness center and learn how our natural methods can help you to hell? Call us now at to one to seven to one eight one eight three that’s to one to seven to one eight one eight three or find us on the web at www dot double diamond wellness dot com way look forward to serving you. Hey, all you crazy listeners looking to boost your business? Why not advertise on talking alternative with very reasonable rates? Interested simply email at info at talking alternative dot com welcome back, this is tony martignetti non-profit radio it’s time for tony’s, take two and what’s concerning me this week is the internal revenue service saying that ah, good number of non-profits may have their non profit status revoked shortly, quoting from their website and and a press release small nonprofit organizations at risk of losing their tax exempt status because they failed to fire a ll file required returns for two thousand seven, two thousand eight and two thousand nine can preserve their status by filing returns by october fifteenth, two thousand ten, under one time relief program. This all came about from the the philanthropy protection act of two thousand six. By the way, if you’re not interested in the history of what this all comes from, what you turn the volume down, i guess, and i’ll just wave my arms and you’ll know when it’s time to turn the volume back-up if you’re interested in history, it comes from the philanthropy protection act of two thousand six that was there was a lot of good provisions, including direct ira gift to charities for people over over seventy and a half, but one of the sort of hidden. Provision was that if a if a non-profit did not file it’s required form nine ninety easy for three consecutive years that it was going to lose its tax exempt status because the presumption was there, not inactive business and what’s happened is a lot of very viable and alive non-profits air getting caught up in this on my blogged at m p g a d v dot com i do have an irs widget that you can click on and read the list of non-profits that are at risk to see if yours is among them, or if an organization that you know is among them. You have until october fifteenth. That’s just two weeks to take advantage of the irs is one time relief program. I’m joined now by kathleen rittereiser kathleen is co author of foundation and endowment investing, and we’re going to be talking about managing your endowment. Teo, get the most from it and keep it most safes. Kathleen, i want to welcome you to the studio. Thanks, but to be here. What did you do to research this book? Foundation and endowment investing. How did you go about finding out what big non-profit organizations are doing with their endowments. Well, the first thing that i did was i teamed with the co author larry coe shard, who is the chief investment officer of georgetown university, and if the book came about because it was larry’s idea when he took over as the chief investment officer at georgetown, he was looking to learn from other successful chief investment officers about how best to manage an endowment in a more complex acid and by asset allocation environment. So he had the idea because there was no such book came to me because i was calling on foundations and endowments as an asset management sales person. So the two of us teamed up, and what we did was we researched who are some of the most successful institutions and investors in the foundation and endowment community. And then what we did was approached them and asked them to be in the book. So the book is actually profiles of leading chief investment officers. Each you tell their story, share their strategies and give advice for how to manage large endowment portfolios. We also include some history and some basic ideas about how to go about managing endowment. Portfolio, in other words, like, what are the things the basic things to dio if you are the chief investment officer or overseeing an endowment foundation type portfolio? And when i first brought kathleen on, i was stumbling through some papers to find the bio that i wanted to have in front of me when she came on, so i’m going to share that with you. Now the full title of her book, co authored with larry coe shard is foundation and endowment investing philosophies and strategies of top investors and institutions, and the two of them also have a second book, more current top hedge fund investors, stories, strategies and advice. Both books are available at amazon dot com also want to share with you that kathleen is a director of investor relations with concordia advisors and that’s in new york city based hedge fund. She has over twenty years experience in sales, marketing and relationship management roles with leading asset management, research and brokerage firms, which she was just saying, and i apologize that i didn’t have the paper in front of me, but i wanted to move us along rather than be stumbling along what types of organizations did the people who you and your co author interviewed work for the majority? It was basically split half endowments is a large university endowments and also some large foundation. So thie institutions included the hewlett foundation notre dame investor, which was is led by a woman named alice handy, who used to run the university of virginia endowment. Mitt is representative george washington university, the kaiser foundation and morgan creek capital management. And the idea was to really kind of showcase well known, well regarded chief investment officers in who worked in a variety of different types of non-profit institutions we also showcase, i mentioned mark yusko from morgan creek capital management. We also showcase the kind of burgeoning trend in foundation and endowment management, which is outsourced ceo. So that’s, what investor is and so it’s morgan creek capital management, and in a few minutes, we’re going to talk about the outsource ceo chief investment officer trend that you see, but let’s start with some of the lessons that small and midsize non-profits could take away from what you learned from these very big endowment managers. Absolutely, i think the most important lesson from all of these foundations and endowments and it’s true about any endowment portfolio is that the long term perpetual time horizon allows thie investment manager or the person overseeing the portfolio to take a long term investment perspective and to have a more value orientation, meaning that they can often make investment decisions relatively early on by things at very cheap prices and hold them for a long period of time. So it’s actually it’s it’s actually a an approach that’s, kind of a longer term buy-in hold approach. The other thing that’s important is the quality of the governance and the fiduciary oversight of the portfolios that most all of the institutions that we spoke teo, there is a chief investment officer who has full responsibility for the portfolio in making decisions, and the boards and the governors are really just for oversight and getting involved in asset allocation. So and the other lesson, which is really kind of a trend that started many years ago in the foundation and endowment community and it’s. Still continuing with these long term portfolios is the idea that if you can take a long term approach, you can invest in less liquid types of securities. Which led teo, many of them being successful by making investments in alternative investment portfolios such as venture capital, private equity and hedge funds. Now our audience is small and midsize non-profits so some of this back-up i want them to be ableto benefit from and i know in terms of quality of the oversight and transparency that’s where i think we’ll get into the sort of outsourced ceo movement because i think the majority of our audience probably doesn’t even have a chief investment officer. They probably do have a financial officer, but not an investment officer, right? This lets a little more about this. The long term view. I hear that all the time in, in terms of personal investing, your time horizon. What is there a recommended time horizon for investing endowment? Well, i think one of the well known endowment ceos who’s written about this subject is david swenson from yale. So he he looks at it as forever. So that’s, you know, officially perpetual is forever. Realistically, most endowments, i think, need to look more like ten to fifteen years out rather than one to two. Now many foundations in particular, i know, have different. Types of liquidity constraints because for the most part, they need thio spend five percent of the endowments value every year, so they have different kind of liquidity considerations. But if this is a large pool of capital, even a good size pool of capital, it makes sense to be able to put some assets in your allocation, which have a longer term horizon for paying off. So that’s kind of where something like a long term real estate investment or venture capital or a hedge fund that might have be investing in distressed assets or something that has a longer term time horizon for when the payoff will happen, will allow the endowment, the foundation to be able to hold on to the principal and preserve that principle for the life of their organization, but then also get the income that they need thio manage operations or give grants during during the shorter time periods. What this does lead into is the idea, which i think was one of the key investment ideas or the investment thoughts that come out of talking to foundation in and damn achieve investment officers and is also supported by research in the industry. Is the idea that asset allocation is really important, so whether you have a five million dollar endowment or you have a five hundred million dollar endowment, how you decide to allocate your assets is very important in how it relates to the mission of your organization and what your organ it organizations needs are. But asset allocation remains the key way tio earn returns overtime. My guest is kathleen rittereiser, co author of foundation and endowment investing, and we’re talking about everlasting endowment keeping your endowment lasting for forever for your organization’s life. But, kathleen, what can non-profits with maybe a five or six figure endowment do in terms of long term investing? I think i think an organization like that a lot of it depends on the finish of the governance, as i mentioned earlier, do they have a committee that is involved? If not, i mean, i think this does lead into the question of outsourcing and one of the trends that we identified and we spoke to some of the people that run outsource ceo organisations, is this idea of really just taking the portfolio and turning it over to an outside manager full time? Because what they do is they pull assets with a lot of other foundations and endowments, so you get a an economies of scale that is that’s really related more toward being able to pull your assets with other organisations, to make the outsource cia a more substantial investor in alternative portfolios, and allows you to get the benefit of really professional asset management experience, especially with that specialty and foundations and endowments. And i think that’s the that’s probably the key thought is that there is there’s a lot of expertise, and these portfolios are very complicated to manage as it relates to an alternative. So that would be why i would suggest that if you are a smaller size, the best way to approach it is to work with some kind of outsourced ceo organization, and they’ll take funds that air just in the five or low six figures, a seventy five thousand dollar endowment. It depends. Probably a seventy five thousand dollars in damn, it would be would be it would be difficult, however, i believe that there’s more and more new types of products coming onto the market. So there’s a lot of different models buy-in investor which i mentioned earlier, is kind of is a custom model. Morgan creek has a fun that’s available through the merrill lynch platform, and there are a number of other types of organizations that are offering mohr like a fund-raising khun, just invest in a fund rather than hyre and outsource ceo so there’s there’s a lot of different models that are coming to the forefront and a lot of larger asset management organizations. T a cref recently entered this market, so i think that that will be an option that’s going to be available for even the smallest size endowments, and it certainly sounds like it is now available if an organization has maybe seven hundred fifty thousand dollars or a million and a half dollars, and even in those low six figures, definitely right? Absolutely, yes, absolutely. And they’re not going to wantto put, i would think the whole endowment with outsourced chief investment officer, would they? Actually, they will. I mean, some of the largest one of the largest outsourced situations is a company called perella weinberg. And they recently took in the entire university of colorado endowment, which is eight hundred million dollars what they did. Then was they teamed up. They took the ceo as well. So the university of colorado chief investment officer went over and rant it’s now running the perella weinberg portfolio. But that’s that’s probably the biggest move that’s been made so and they will, an organization that doesn’t have the resource is or the time or the expertise to be running the endowment themselves or and they usually have a smaller endowment will actually make the decision toe outsource the whole portfolio. They’ll have oversight and governance and be able to be making asset allocation decisions and decisions related to how the endowment is used for their mission. But they will actually hire someone to run the whole portfolio for them. We only have about thirty seconds before the break. What about the resistance that this is ego? The board is now giving up authority? I’m not sure that i have thirty seconds. I think that’s a thirty minute answer it’s definitely an issue and one, that one that i would say that my my motto now is there is no d i y in fiduciary and that fiduciaries need to start to learn i think a little bit more. How the world of investments is changing and to start to think about what is really the right fiduciary decision to make and it’s not my ego, but it’s. What is right for this institution? We’re going to take a break. My guest is kathleen rittereiser, co author of foundation and endowment investing. I hope you’ll stay with us. Co-branding think dick tooting getting dink, dink, dink, dink. You’re listening to the talking alternative network duitz waiting to get into thinking. Thank you, cubine. Is your marriage in trouble? Are you considering divorce? Hello, i’m lawrence bloom, a family law attorney in new york and new jersey. No one is happier than the day their divorce is final. My firm can help you. We take the nasty out of the divorce process and make people happy. Police call a set to one, two, nine six four three five zero two for a free consultation. That’s lawrence h bloom two, one two, nine, six, four, three five zero two. We make people happy. Whillans is lack of capital or credit keeping you up at night? The show me. The money conference is coming to the roosevelt hotel, forty five east forty fifth street in manhattan on november third. This’s the best business networking opportunity to meet potential investors and lenders, and get answers from our expert panel of business and financial advisors. For more information, call six four six six one nine eight zero nine. One are online at rose otto accounting that’s r o s a d o accounting, dot, com slash show me the money. Hyre this is tony martignetti athlete named host of tony martignetti non-profit radio. Big non-profit ideas for the other ninety five percent. Technology fund-raising compliance. Social media, small and medium non-profits have needs in all these areas. My guests are expert in all these areas and mohr. Tony martignetti non-profit radio friday’s one to two eastern on talking alternative broadcasting. You’re listening to the talking alternative network. Geever like the voice on that last commercial very, very soothing, sort of mellow voice. I hope you’re enjoying it, too. I’m joined by kathleen rittereiser she’s, the co author of foundation and endowment investing. Kathleen, if people have questions, i’d like to follow-up how could they get in touch with you? I have a website, which is kathleen rittereiser dot com, and my email address is kathleen with the c c a t h l e n at kathleen writ tom that’s c a t h l e n r dot com thank you, and you’ll of course find her name on my my block, where the guests are all listed. That’s m p g a d v dot com you can also see her name on the facebook page for the show, and i’ll tell you that her last name is spelled r i t t e r e i s e r kathleen rittereiser ands kathleen with the sea before the breakout thing we’re talking about this outsource chief investment officer trend and how small and midsize non-profits khun take advantage of it? What about the due diligence? What should’ve non-profit be looking at when there what should the process be for hiring the right outsource ceo? Well, it’s, interesting, because i think a lot of smaller foundations and endowments get in, as we were talking about earlier, that investment committee gets excited about picking managers and often, but we’ve seen that they don’t have the right experience to be picking individual manager, so picking an equity manager or bond manager where and the process is actually quite similar except what you’re doing is making a decision that’s more of a one time, longer lasting decision. So there is some extra pressure in that case, however, i mean that’s pretty much doing the kind of research like coming tio my website or even, you know, sending meet so, you know, doing research on the internet, there is a block called endowment investor that writes about endowment issues. I write about these issues, and i’ve spoken about them, so it is working it’s kind of doing sametz initial legwork to look at the models on dh think about what’s the size of my endowment. What what are we comfortable with in terms of giving up the level of authority? Some organizations have made the decision that they’re willing to turn over the whole portfolio, others might go somewhat piecemeal into it. Organizations that are working with consultants as such as cambridge may decide the work with their consultant organization to get referrals or also to transition into a more outsourced type of model. So, you know, obviously the first part is research and and i’ll admit that because this is kind of a newer type of investment approach, there are fewer let’s, say, syndicated sources of information about this but it’s becoming more and more prevalent. So even a google search on outsource cia well, i think lead you to some good resource is and again there’s information available on my website and even contacting me directly, i’m happy to help people with this also, i would say that the next phase is really due diligence like you would do with the manager thinking about what your organization’s needs are what who were the people that you want to be working with? What’s their business model inter? Are they a single fund? Are they doing something custom and then and then spending time with these investors? Tto learn about their process and how they’re going to work with you. So i think it’s ah, it’s a can be a longer term process, you know, it’s not a decision that you should make over the course of a quarter. I would say that if you’re really seriously taking turning over your whole endowment to an organization that it probably should take at least six months to a year from start to finish, to be making that kind of going through the process and making that kind of decision, what about the oversight we have just about a minute left once once a now outsource ceo is hired, where’s what’s the board’s responsibility, and they still are fiduciaries to the organization what’s the oversight of the outsourced the board is still is still the fiduciary, and basically the same kind of the oversight is the same oversight that they would be responsible for if they had a ceo or if they had a number of managers that were reporting to a committee member. I think what happens is when and what i’ve heard from organizations that have made the transition so far, the oversight is actually much more productive in hyre level variation of oversight, in other words, they’re involved in strategic issues of the institution and ask that allocation issues rather than nitty gritty, so it’s basically that the oversight is brought up a level in terms of its strategic import for the foundation or endowment. My guest has been kathleen rittereiser she’s, the co author of foundation and endowment investing, which you can find at amazon dot com her website is kathleen writ dot com that’s kathleen with c and r t dot com kathleen one thank you very much for coming to the studio today. Thanks for having me. It has been my pleasure. Next week we’re going to be talking back off his blunders. Stop squandering money on your back office costs tricks to save big on supplies, office supplies phone, energy, healthcare my guest will be jeff marston he’s, the president of resource centers for management and also your five minute program super streamlined events that keep your audiences informed, engaged and awake and that’s going to be a return guest. Claire meyerhoff those air both next week you can get insider alerts about the show, and you can get them at the facebook page at facebook dot com it’s tony martignetti non-profit radio you can also, see what my live appearances are on that facebook page. My block is m p g a d v dot com, and you can see where i’m appearing there and see what thoughts are coming a cross my desk, and maybe you’ll get some insight into what’s coming up at tony’s, take two for next week. I want to thank the creative producer of tony martignetti non-profit radio that is claire meyerhoff, our line producer and the owner of talking alternative broadcasting. His sam liebowitz on our facebook is done by regina walton of organic social media want thank you very much for joining me this week has been tony martignetti non-profit radio. We’re always talking big non-profit ideas for the other ninety five percent. Join me next friday at one p m eastern, right here at talking alternative dot com. Dahna you’re listening to the talking alternative network, waiting to get a drink. Nothing. You could. I really need to take better care of myself if only i had someone to help me with my lifestyle. I feel like giving up dahna is this you mind over matter, health and fitness can help. If you’re expecting an epiphany, chances are it’s not happening. Mind over matter, health and fitness could help you get back on track or start a new life and fitness. Join joshua margolis, fitness expert two one two eight sixty five nine to nine xero. Or visit w w w died mind over matter. N y c dot com oh, this is tony martignetti athlete named host of tony martignetti non-profit radio big non-profit ideas for the other ninety five percent technology fund-raising compliance, social media, small and medium non-profits have needs in all these areas. My guests are expert in all these areas and mohr. Tony martignetti non-profit radio friday’s wanto to eastern on talking alternative broadcasting. Hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m we will have over one hundred companies looking for qualified workers. They’re all to be lectures on job strategies and networking. So come and bring plenty of resumes and join me on friday, november twelfth, at aqueduct racetrack. For a Job fair from 10 a m to three p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one. Are you stuck in your business or career trying to take your business to the next level, and it keeps hitting a wall? This is sam liebowitz, the conscious consultant. I will help you get to the root cause of your abundance issues and help move you forward in your life. Call me now and let’s. Create the future you dream of. Two, one, two, seven, two, one, eight, one, eight, three, that’s to one to seven to one, eight one eight three. The conscious consultant helping huntress people be better business people. Buy-in you’re listening to the talking alternative network.

    Tony Martignetti Nonprofit Radio for September 24, 2010

    Big Nonprofit Ideas for the Other 95%

    Compliance. Board relations. Fundraising. Technology. Volunteer management. Accounting. Finance. Marketing. Social media. Investments.

    Every nonprofit faces these issues and big nonprofits have experts in each. Small and medium size nonprofits have Tony Martignetti Nonprofit Radio. Trusted experts throughout the country join Tony to take on the tough issues facing your organization.

    Episode 11 of Tony Martignetti Nonprofit Radio for September 24, 2010

    • Guest 1: Chris McGurn, Portfolio Manager & Sr. V.P., PNC Institutional Investments.


    Tips for choosing the right money manager and having a smooth relationship with your financial partner

    Tune-up your Planned Giving program; how to hire the right financial partner and techniques to enjoy a great working relationship with your provider. Chris’s background includes work as a Director of Planned Giving, so he’s been on your side of the relationship.

    • Guest 2: Paula Marks, recruiter.

    “I’m Looking, We’re Looking(recurring feature)

    Guest Paula Marks shares her 30 years of recruiting and HR experience with Jenni Shi, who has a background in finance and is looking for a job in nonprofits. That’s a very popular transition today. Paula gives Jenni tips to distinguish herself in the job marketplace and broaden her networking–tips that can help your search!

    TMNR wants to broaden this feature in future shows to include a nonprofit with an opening: “We’re Looking.” Email me if you’d like to participate.

    You can subscribe on iTunes and listen anytime, anyplace on the device of your choosing.

    Sign-up for show alerts!

    “Like” the show’s Facebook page.

    Thanks.

    Here is the link to the podcast: 008: Planned Giving and Your Job Search
    View Full Transcript

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    Duitz dahna welcome to tony martignetti non-profit radio big non-profit ideas for the other ninety five percent. I’m your aptly named host tony martignetti how fortunate that i found this show named the tony martignetti non-profit radio you men may remember last week we paid attention to the people in our lives and talked about eliminating distractions to have the most fulfilling professional and personal relationships possible, and we also had our tech expert scott koegler join us to talk about latest reviews of fund-raising software remember from last week for every budget, there is a fund-raising software product that can help you to manage your fund-raising that was last week. This week, we’re paying attention to your non-profits money and your career, i’m going to be joined by chris mcgurn, senior vice president at pnc bank institutional investment group, and we’re going to talk about tuning up your planned giving program trip tricks to find the right provider and have the best working relationship with your financial planner and my other guest today we’ll be introducing a new feature. Paula marks, managing director at gilbert tweet international, will be introducing our new feature. I’m looking we’re gonna have a live consultation. With a non-profit job seeker, she’ll be calling in. Paula is here in the studio and the three of us will be talking about techniques to jump start your job search and how best to promote yourself where, how to use social media to look for a job in today’s environment, where to look for jobs and what to prepare for in your interviews that’ll be coming in the second half of the show. Ah, but and after this break, i’ll be joined by chris mcgurn and just want to share with you that i this week was at the new york state medical society conference in pennsylvania. Yes, it’s the new york state medical society and they do have their conference in pennsylvania, and i was talking about demystifying planned giving on october twenty first. I’m going to the lunch keynote speaker at bernstein global wealth management in new york city and the day after on october twenty second, i’ll be doing the not-for-profits fiscal conference on long island at suny old westbury, also talking about charity registration there november fourth i have a charity registration webinar for temple university. You can see these live appearances on my block. At m, p, g a d v dot com. You can also see them on the facebook page for the radio show, and you can also book mia’s, a speaker, through the block. After this break, my guest will be chris mcgurn. Please stay with us. Talking alternative radio twenty four hours a day. Are you stuck in your business or career trying to take your business to the next level, and it keeps hitting a wall? This is sam liebowitz, the conscious consultant. I will help you get to the root cause of your abundance issues and help move you forward in your life. Call me now and let’s. Create the future you dream of. Two, one, two, seven, two, one, eight, one, eight, three, that’s to one to seven to one, eight one eight three. The conscious consultant helping conscious people. Be better business people. Is your marriage in trouble? Are you considering divorce? Hello, i’m lawrence bloom, a family law attorney in new york and new jersey. No one is happier than the day their divorce is final. My firm can help you. We take the nasty out of the divorce process and make people happy. Police call a set to one, two, nine six four three five zero two for a free consultation. That’s lawrence h bloom two, one two, nine, six, four, three five zero two. We make people happy. Hey, all you crazy listeners looking to boost your business? Why not advertise on talking alternative with very reasonable race? Interested simply email at info at talking alternative dot com. Welcome back to tony martignetti non-profit radio, i’m your host. Tony martignetti i’m joined now by chris m mcgurn chris is senior vice president at pnc institutional. Pardon me, a pnc bank institutional investment group, chris is responsible for the management and marketing of pn sees planned giving services department. He also serves as a primary relationship officer for local and national planned giving programs before banking. Chris served as director of gift planning at catholic charities of baltimore for three years, so you can see he brings non-profit experience and also has the for-profit banking experience, and i’m very glad that chris’s work brings him to the show today. Welcome chris mcgurn. Thank you, tony. Good morning. Pleasure to have you good to be here. Thank you. Let’s. Talk about finding the right provider. The right financial partner for your planned giving program. What advice would you start with, chris? First? First of all, i would start with making sure that your provider has experience in the area. Make sure that they have personnel and that would be multiple persons supporting the plan giving functions it it sounds like a pretty basic business where the charity talking, maybe a terrible gift annuities, for example. The charity is making promises to their donors, too, pay them a sum for their lifetime. Um, and so the basic function of the providers to make sure that those payments are made in the right amount in on time. And then, of course, there’s the investing aspect and the tax aspect. But it’s it’s pretty easy for a provider if they’re not dedicated to the business to not be able to fulfill those promises. So you want to avoid the well meaning bank? Maybe where the non-profit has a banking or a credit relationship, the well meaning bank that says we could you know, we could put something together for you. You’ve been a long standing client, weaken we could do something for you and accommodate your needs around this new charitable gift annuity program, for instance, absolutely absolutely a lot of programs that we see and and frankly, that’s, how we got our start about twenty years ago is it was pretty much a accomodation way we’d be serving on a non-profits endowment, for example, or maybe their banking needs and they would come to us naturally and say, hey, can you take care of our gift annuity program and fortunately, a long time ago, the decision was made to invest resource is, but sometimes what we’ll see is is other other providers are just not at that step yet. Um, and they will take it on is an accomodation maybe there’s one, maybe two people supporting them function and you really want to make sure that there’s depth on the bench, if you will, teo, support that program because people, the new it tints the donors are our listeners. Donors are counting on this income as a supplement, often to retirement mean, we can’t be, you know, we can’t have checks showing up late or, you know, skipping payments or something like this. Exactly exactly how can a non-profit assess the level of experience that a bank has? I mean, they might put forth an interesting, you know, four color proposal, but how can you go beneath the those printed materials toe really assess whether this institution has experience managing plan giving programs? You know, this side of the plant giving program the financial side? Certainly they’ll want to talk to the actual people who will be servicing their their relationship there. Aspect of, uh, the accounts and probably within about a five, you know, maybe ten minute conversation if if you have both the development person and i would kind of key and there the development person at the charity is really the one who’s going to be talking with the donors, you know, they may not have the financial expertise, but they certainly know what their donors needed, what their donors expect when it comes to these terrible gift annuity. So absolutely make sure that you’re talking to your provider, the person who will be handling your account, andi, i think pretty pretty quickly you’re going to be ableto discern if that is a person who is doing this in a part time capacity or if it’s a dedicated business that they’re working on. So you want to go beyond the on i mean, no insult to this to you, chris, you want to go beyond the vice president of the senior vice president, who you’re meeting and asked to speak to the actual person who will be servicing the account day today and have that conversation between that person and the frontline fundraiser whether it’s, the director, planned giving or someone else who has brought a responsibilities but is gonna be managing plan e-giving right, right? And and then even even at that vice president level, you know the person who is going to be responsible for your relationship, i can tell you are our structure is is pretty deep. So we do have the day to day processors. But then it’s it’s levels of approving and making sure that everything is in order to make sure all the promises that the charity has made to the donor are kept. So you really want to get a feeling of again, is it? Is it one person kind of in a back room just doing this part time capacity? Or is it a whole group? And is there a very thoughtful process, too, without processing and that’s? Probably another key aspect. Ask them that question. Now give me give me the scenario of when a gift comes in what happened, um, and then have that provider walk through who’s. Responsible for what? At the charity, the donor and and the provider for all those different components of the gift process. Christen the minute or so that we have before the first break, what about art of peace? I’m sure you’ve seen lots of them answered lots of them. What advice do you have for? Ah, non-profit putting together ah, request for proposals for service? I would i would say, make sure that all the parties they’re going to be involved have input on putting together the questions, make sure that so again the frontline fund-raising you mean? Yeah, yes and exalt exactly. Make sure the development folks do have input and say because they’re the ones that are front line there, the face-to-face to the donors so they should absolutely have ah have input into what is said and that are two questions that are being asked sometimes we’ll see our piece and it’s kind of obvious that maybe there was a department of purchasing department or people not exactly connected to the service are writing the questions. Um, do you want to make sure that both on the finance and the development side, they have the input on that? Artie, my guest is chris mcgurn from pnc bank institutional investment group, and chris is going to stay with us after the break hope you will, too, because i didn’t think that shooting. Good ending. You’re listening to the talking alternative network. Get him. Nothing. Good. Hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m, we will have over one hundred companies looking for qualified workers. They’re all to be lectures on job strategies and networking. So come and bring plenty of resumes and join me on friday, november twelve at aqueduct racetrack. For a Job fair from 10 a m to three p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one. I really need to take better care of myself. If only i had someone to help me with my lifestyle. I feel like giving up. Is this you mind over matter, health and fitness can help. If you’re expecting an epiphany, chances are it’s not happening. Mind over matter, health and fitness could help you get back on track or start a new life and fitness. Join Joshua margolis, fitness expert at 2 one two, eight sixty five nine to nine xero. Or visit w w w died mind over matter. N y c dot com bilich are you suffering from aches and pains? Has traditional medicine let you down? Are you tired of taking time, isaac medications, then come to the double diamond wellness center and learn how our natural methods can help you to hell? Call us now at to one to seven to one eight, one eight three that’s to one to seven to one eight one eight three or find us on the web at www dot double diamond wellness dot com way. Look forward to serving you. You’re listening to the talking alternative network. Buy-in yeah, welcome back to tony martignetti non-profit radio. I’m joined by chris mcgurn, senior vice president at pnc bank institutional investment group, and we’re talking about tuning up your plan, giving program ways to find the right provider and have the best working relationship with your financial partner, chris. Before the break, we were talking about those r f p s and your advice to have the frontline fundraiser get input into that our f b i need anything else for you because they’re so pervasive. Any other advice for our f piece that you’d like to share? I think so. What? You also want toe? Take a look at his make sure it’s not boilerplate answers. You know, if you’re if you the charity are putting time into putting together a thoughtful question air in the form of an r f p make sure that the answers back are not, you know, one hundred pages duitz just boilerplate. We had talked a little bit about, uh, taking a look. Is this an experienced firm? Do they know? Do they have a dedicated folks working on the plan giving? I think in the responses you’re going to be able to see, that is it, you know, is it answering the question? Is it really going to the heart of what you need in your service provider? And after that, our f p step, then now the charity has maybe three or four sometimes even more answers to those are if peace is the do you find the interview to be the common next step? That is the next comment step on dh sometimes, uh, oftentimes depending on the size of the program. And if it’s, uh, if it’s an organization that may be in the more start up phase let’s say less than a million dollars and they are taking a look att perhaps they’ve been performing these functions internally, and now they’re looking to outsource that those functions of the czechs and the taxes and the investing um, they’ll certainly want to take a look at out talking again to the people who will actually be servicing their program of their relationship. And as you mentioned, you know it’s not and it’s not just the faceplate high level person it’s going to be talking to the people who are actually working on the program the way i’ve done this. With my clients is to try to schedule a bunch of the financial potential partners for a day, and we get the get the decision makers, and that often includes a boardmember and we spend a day or a half a day if that’s all if necessary, and just have people come in and do you know, usually sixty to seventy five minutes presentations, and we talk through their their response to the art of peace, right? Right and often what? You what you want? Oh, discern in that meeting too, is is are these sales people? Is that the sales folks? Who are they? They’re making the presentation? Or is that the actual people who will be working on your relationship? And i and i think that’s key and that that’s uh, it’s an important aspect, and again, regardless of if it’s a you know, a program and at the beginning phases or an established ten twenty million dollar program, you’re going toe wantto you’re gonna want to have that sixty, seventy minutes of time with the people who will be working on the programme or or directly responsible for what’s going on in that programme and the next step that i see commonly is asking for references and then actually checking the references, right? Right? Definitely there obviously we were obviously going to give you, you know, are our best references and have checked with them, but go ahead and ask, you know, ask the questions again, presumably whomever we are e-giving as references are going to say nice things about us, but spend a little time with the folks on the reference call and ask them the questions, how, you know, how is the program and served really, you know, really dig in, take that opportunity to to really find out about the provider? Because presumably especially if you haven’t established program it’s it’s a pretty big deal too move let’s, say, you know, twenty, fifty, one hundred or mohr donors to a new provider or from internal functions to a new provider, so you know, they’re certainly needs to be that define process, and you want to work with somebody who has experience and even in that transition phase and that’s that’s probably another good question to ask as you’re going through that process, isn’t it also a good practice to go into the non-profit community? Generally beyond the the references that the potential partners have provided and see what the reputation is, aside from just the names that were given by the company, great point break, point up and ask askanase elton ask like organizations again, if you’re within universities or if you’re in hospitals or museums, find out, find out, go beyond just the references that are given and find out how is how is this organization’s reputation in the community? Great point. My guest is chris mcgurn, senior vice president at pnc bank institutional investment group chris let’s switch gears a little bit and talk about now, now that you’ve hired the the financial partner having the best working relationship with them. What advice can you start with us? They’re well, certainly the at the onset of the process, there should be a ah sit down face to face, if you will, and really go over the process of, um, again kind of honing in on the charitable gift annuities because that’s, where we see the most activity really hone in on that process, as we know, oftentimes the donors who are making the plan gifts are highest profile most important, although all the donors are important, of course, but maybe highest profile donors of the charitable organization. So you want to make sure that that experience of making the gift is a pleasant one so as much as the provider and the development and finance office can be on the same page to make sure it’s an absolutely seamless, smooth process for bringing those gifts on that’s what you want to sit down and established and have raided the onset of of the program you want to have this sounds like step by step in writing that’s that’s a very good idea. Something we we do is provide a service guide, and it does it lays out best practices, and this kind of goes back to that experience factor a new organization who has done this, they’re gonna have best practices, they’re going see what works and probably have seen what doesn’t work so well. So when they come to the table and make the suggestions, there should absolutely be flexibility in the programme or in the process, that is what you get also looked at that provider to suggest best practices and how to make it a smooth experience for everybody. Involved best practices and also expectations on both sides. Yep, yeah, if you you know, if you’re looking to if you want to make sure, for instance, that the donor has their check in hand or that deposit is in hand on the date that is promised in the contract, you need to make sure that the provider has the capability and facilities to either mail the check a few days early or make sure that that deposit processes is taken effect taken into account. You’re going from one bank to another bank, so making sure all those little tiny steps are are right. And there are so many parties involved on the really on both sides on the provider side and the thie, the non-profit side. What about communications? Communication? Absolutely key. We’ve we’ve unfortunately, a lot of times within the charitable organization that communication is it’s not as good as what it could be. I often say sometimes we’re working with an organization and there’s almost kind of v relationship, if you will, where were were down there at the bottom of the v and then you have the finance up at the top of one arm in the development at the top of the other arm. Sometimes we’ll we’ll meet with these groups. And the first time that these two groups have even ever met face to face is when we come, we bring them to the table. Yes. Oh, you’re vey is very interesting. So the two different offices within the non-profit are not talking right, right? So we we strongly encourage clothes to be making a triangle. Get everybody on the same page. The finance office looks at the charity gift annuities very differently from the development office. And there needs to be a complete understanding among those offices of finance. We’re you know, we’re looking at the monetary, the liability. How is this affecting the organization? The development is looking at it from the you know, how can we? How can we bring donors closer to our mission? How can we bring them tio within the fillings philanthropic scope of satisfying their needs. So when these two groups are together very different ways of looking at the same concept that charitable gets annuity. But when they’re together, they could make a really strong team. And really, he programs grow where there is that that good, solid, open communication among the department closed that v make it a triangle. Sounds like that would be an equal lateral. Or maybe and i softly strangled. Probably not a right triangle. Probably not symmetric bringing on the financial office early. I mean, i mentioned earlier in the interview stage, you know, having all the decision makers with the potential providers, but really, at that stage, shouldn’t there be a surly? Is that stage? Shouldn’t there be someone ideally from the finance office? Sabat in those early stages? Absolutely, absolutely. And again, because the finance office is looking at the carroll get nude in a very different way from the development office. And it’s it’s kind of surprising a lot of times. It’s just basic basic concept that the american council get annuity rates. Um, one of the factors in there is that fifty percent of the original gift principle is is to come back if everything lines up exactly. You’re exactly right. Fifty percent of the original gift is to come back to the charitable organization. Well, a lot of times we’ll go into the meeting in the finance office the first time we’re letting the first time. We’re talking about that that’s the first time they’ve heard of that concept, so it really is important to make sure that the finance office at the very really stages is on board with the whole concept of what is a terrible get snooty and how did it work? Yeah, i think the ideal relationship is a close one, and you’re certainly suggesting this close one between business or finance and and fund-raising and i see that disconnect that you’re describing, you described it very well with that v, even in smaller organization shins, not the tiniest, because often these functions are are the same person in the smallest organizations but sort of mid size shops, the cfo and the vice president for institution advancement or development, whatever it’s called just don’t have that strong working relationship, right? Anything that can be done and that’s why we we we encourage both groups to be together in the in the meeting that we go to it doesn’t always work that way, but having everybody at the table on talking about it is really key to a strong program. Then then what you avoid is, for instance, of the last two years. The economy and things haven’t been going so well the finance department is looking at the balances, maybe on the gift, annuities going down and all of a sudden panic sets in and decisions are made without looking at the long term big picture and full understanding of how the gift annuities really do help the charitable organizations like the knee jerk reaction. Just suspend the the gift annuity program, right? It’s losing money, but it’s going to continue losing because those payments have to continue to be made to innuit tents and way suspend the program, we are going to be bringing in any new donorsearch nuit tim’s, right? And the idea that some of the healthiest programs that we see for those that were managing are those that did continue to offer gift annuities during the rough two thousand eight, two thousand nine and when you, when you think of the concept of what a basic concept of dollars of dollar cost averaging, those folks were buying in at lowe’s, right? Let’s, let’s define dollar cost averaging. We have on this show, we have jargon jail. Okay? And i’m the warden of jargon general got plastic keys, actually. Georgia, what is dollar cost averaging? Basically, what you’re doing with that is, is you just continually, you’re adding two money to the program. So for instance, your four oh, one k for three be if every paycheck you’re putting your you’re putting money in, it doesn’t matter if it’s a good market or a bad market, you continue to put money in overtime. That’s going to come out at ah ah, much better. It’s gonna be better for you. You’re not getting into the market timing of okay right now is is right now we think the market is going to go in a certain direction. If you’re just continually putting the money in your, you’re going to be buying at highs and lows and your average will be toward toward something that’s reasonable towards them, right? Right? Because the whole market timing game is just not not something you want to be in. So the idea is when, you know, when everything was down at the lows, um, folks, charitable organizations that were bringing gifts in now we look back at it, and we know they were buying low, so those gifts are actually in great shape when you take a look at their value, you know, snapshot in time right now and as in so many things in life ah friendly relationship between finance and fund-raising would have help to minimize the likelihood of those kinds of knee jerk reactions. You just don’t want that adversarial or, if not adversarial, even, you know, just luke warm relationship between finance and fund-raising chris, in the minute we have left, what other advice do you have? What would you like to say to clients? But you know, you can’t you can’t say threw them on the phone or face-to-face well, in your experience, so that there could be a better working relationship with that financial partner. Um, i think just just always, always like to have lunch. Food is always a wonderful, wonderful way to get people together sharing, sharing a meal, sharing a physical space exactly so just wreak out and, you know, if you’re a development person listening, reach out to the finance person, a finance rejects the development person if you haven’t already done this and just schedule meeting, i know that’s, what we kind of have to do is if you put it on the calendar schedule a meeting. Come to the meeting and just start talking about the program. And, you know, obviously, from the development standpoint, you’re coming at it with more of aah. You know, the heart strange and the reasons why, from the finance their coming at it from probably pretty much bottom line. How is this helping york intonation? And i think sitting down and bringing those two parts together, reasonable people will see the benefits of both sides and it’ll be a stronger program in the long run. Chris, we have to leave it there. I want to i want to thank you very much for joining me. My guest has been chris mcgurn, senior vice president, a pnc bank institutional investment group. You can reach chris at his email. Christopher dot mcgurn you r n at pnc dot com. Chris, thank you very much for joining us. Great. Tony, thank you for having me. My pleasure. After this. After this break, we’ll be joined by paula marks at our brand new feature. I’m looking live consultation with a non-profit job seeker. Stay with us. Talking alternative radio twenty four hours a day. Hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 and aqueduct racetrack in queens, contending into three p m, we will have over one hundred companies looking for qualified workers. They’re all to be lectures on jobs, try to jeez and networking. So come and bring plenty of resumes and join me on friday, november twelve at aqueduct racetrack. For a Job fair from 10 a m to three p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one. Are you suffering from aches and pains? Has traditional medicine let you down? Are you tired of taking toxic medications, then come to the double diamond wellness center and learn how our natural methods can help you to hell? Call us now at to one to seven to one eight, one eight three that’s to one to seven to one eight one eight three or find us on the web at www dot double diamond wellness dot com way. Look forward to serving you. Hey, all you crazy listeners looking to boost your business? Why not advertise on talking alternative with very reasonable rates? Interested simply email at info at talking alternative dot com dafs welcome back to tony martignetti non-profit radio big non-profit ideas for the other ninety five percent there’s something i’d like to share with you before i’m joined by paula marks and we introduce our brand new feature i’m looking there was an international regulators conference international conference of charity regulators met in may of this year. I blogged about it a little bit, and i want to share just a couple of points that are in the transcript of the minutes really of that of that three day meeting, just some interesting things that i picked out of there that the processing of applications to the irs for tax exempt status is taking about one hundred and twelve days this year. So if you or someone you know our thinking about creating a non-profit you’re filling out that form ten twenty three, which is the formula you applied to the irs for for tax exempt status, you know that it’s going to be a little over one hundred days for that to be responded to by the irs. Other countries that were in this international conference where australia, canada and new zealand, northern ireland, ireland, the republic of ireland and scotland, as well as the u s and it was hosted by the u s in washington. Interesting, australia has no annual filing requirements. Australia does not have something akin to our irs form nine, ninety no annual requirement there in canada, they seem to be the only country that is focused significantly on educating the public about their charitable giving. Most of the other countries, it seems, and certainly this is the case in the and the u s focus their education on the non-profit side and there’s and that’s, the primary interest there’s some public there’s, some education for the public from the irs, but most of it is for charity leaders and board members. But in canada, there focuses primarily on the public on and generally internationally regulators think that there is going to be increased government oversight of charities in the coming years. So the trend that we’ve talked about on this show and that you’ll see in my blogged on dh that we see generally is not goingto be reversed and probably not even stay steady. But internationally, the regulators think that there’s going to be increased government oversight and there’s more about that topic. On my blogging mpg a d v dot com i’m excited now, teo, be welcoming. Ah, paula marks, managing director at gilbert tweet international and introducing a new feature to the show i’m looking we’re going to do a live consultation with someone who is looking for a non-profit the job, jenny, she is thankful as gratefully i’m grateful that she’s joining us. Jenny, you’re on the line. Thank you. What a welcome to the show and i’m joined in the studio by paula marks. Paula is managing director at gilbert tweed international. She has twenty five years, an executive search experience, and she has focused on executive and general management positions, such as marketing financing operations in non-profits a cz well as other industries as well, and i’m very happy that her practice brings paula marks to the studio. Welcome, paula. Hi, tony. Thank you, it’s a pleasure to have you, jenny, why don’t you introduce yourself to our listeners? Tell us a little about your back around what you’re looking for, and then we’ll have paula and you sort of go back and forth, but why don’t you introduce yourself to the listeners, please? Sure, so i came. From china about eight years ago, with an engineering degree and the international business degree, i was sent by the past to work in green spiral for home furnishing wholesaler. So during that six years i worked for him. I was help the company to marketing the product we exhaust from my holacracy basically measure and sail tio us. I got another degree in marketing and interior design in high phone university before i came to boston for india when the market’s off finishing now reality in whale. So now i finished my mba. I’m considering my new job career into a non profit group that’s where i am so other than that, i really like the culture here. The people are very helpful in the culture between china and the u s where so much different. Well, that’s interesting. And jenny and you have a background mostly in finance is not right. Yes. For the last three years i was working for the company. I was in charge of finance khun financial control. And for that i was also overseeing accounting and finance to comment and them being my mba. I was majoring in finance and let’s bring paula. Marks into the conversation, paula, what let’s start just generally what? What advice do you have for jenny in her non-profit job search? For starters, jenny, i think that like anybody looking for a job, we need to package ourselves in a way that the person who is interviewing us can hear what we’re saying. We live in a society, unfortunately, that has become very silent ized, and sometimes we have to help the person who’s listening to us, and i could imagine somebody looking at your resume and saying, not-for-profits you’ve been in all these profit making companies and they’re all, uh, big, and all they want to do is make profits, and you need to say to them, i’ve been in operations. I’ve been in finance, i’ve worked with the president of a company i’ve been in large and small organizations i’ve adapted from one country to another, from two languages to one language. Everything that i have done, our business functions within a not for profit environment. I can see myself working in your finance area, your operations area, and that kind of helps the other person with a listener, if you will, to understand that you can make that transition. I think all of us here know that the not for profit world could be very exciting on many levels, one of which is that it can be on a cultural environment or it could be in a major health care facility. It could be in a university like boston university, so there are many, many opportunities, and paula, i see increasing numbers of people with background similar to jenny ah, coming from ah financial background, and actually i see more of them coming from the financial services industry, and either they lost a job in the recession or i’ve become disenchanted and want to make this switch into non-profits so your advice really pervades a lot all people who are trying to make the switch from some kind of financial background into non-profits i think that’s very true today, and i think that as a society, we really shouldn’t put up these kinds of walls that are really meaningless and prevent people from getting employed and contributing to our society’s growth, both financially in in terms of the human being. Of course, paula has the benefit of seeing jenny’s resume on day we don’t have a way to share that with our listeners. But paula, is there any specific advice on the resume that that you’d like to comment on? Jenny did a really great resume, and and i just wanna die aggress for a moment, the way that i met jenny was through networking through my very good friend terry pritikin, and he was very impressed with her and suggested that she contact me. And as soon as i started to speak with her, i realized that she was a very serious, committed person she called when she said she would call. She followed up when she said she would follow up and that’s the first thing that i want to see in most candidates, just that just that basic responsibility, basic responsibility going to do call when you say you’re going to call, go back to the good old fashioned days. The one suggested i would make jenny is that you start your resume out with total thirteen years experience. I tend to stay away from the number of years right up front for two reasons. Many of the people that i see are in their fifties, and they believe that everybody discriminates. Against age, i don’t believe everybody does, but if they’re going to discriminate against age than why are we putting years of experience in the first sentence? It’s a red flag in the wrong place? On the other hand, since your resume is one page which is really ideal and i’m i’m not the resume police, but i do know that people don’t take the time to read three and four pages and it’s not your autobiography, so jenny’s resume is short it’s a sink it’s very easily readable. She’s got her titles, she’s identified some of her strengths and weaknesses in she doesn’t have any weaknesses this i can tell you, but she’s, i’ve identified what her strengths are in using action words she’s quantified aspects of her job so that people understand the size and scope of the organizations that she’s been with. Could you share some of those action words with us? Yes, we’re just a couple contributed, executed, negotiated, managed credited. Those are words that makes sense. I see a lot of resumes that have distorting words with built i built this and when you really drill down, the person didn’t build anything they were in. An organization that was building. And so i think, that’s, a word that’s become really overused and highly misunderstood. Jenny, how long have you been in the job search? About three months. Have you had a ninja view at a non-profit yet? Not exactly. Okay. What? What is your biggest concern about interviewing for a non-profit to me, it’s? Not that much different other than their folks. Probably not on the profit game profits, brother, help more people. So for me in my background, because i don’t really work for non-profits yet, and i probably won’t get into their culture or communication. Communicate well, you know, to fit their needs. So that’s, my major concern, and i think i would need you improve and polished that area of my wait on dh. Paula, you had advice for jenny surrounding that. Anything else you’d like to say? You gave her some advice already. Anything else? Yes, jenny, excuse me. I wouldn’t consider that a weakness. I consider that a lack of exact experience. What you might want to do in your profile and or in any of the work experiences you had is trying to come up or identify a fact that might be more attractive to a not for profit environment and quite frankly, you with only thirteen years of experience in the work world, it’s a lot easier to make a transition into another industry or sector than if you had forty years of experience and again, we live in a society where where we tend to be very negatively based is a society, and we say things to people like, will you only did you can’t d’oh. So i think maybe talk about some of the kinds of things that are the same in the not for profit world or can easily be adapted to the not for profit world. Pull it. Do you believe that mock interviews are a good idea? Absolutely. So maybe jenny could find a friend or a colleague who works for a nonprofit, i guess, ideally, somebody who does hiring for non-profit and and run her through a mock interview. Absolutely. And jenny can do mock interviews with me, as she knows. And i do a lot of work both in the for-profit and the not-for-profits arena. So i have a handle on what they look for and what some of their screening techniques or let’s go a little beyond the resume. Talk about her. Her job search generally. Where should she be? Let’s, start with the two minutes we have left before the break. Where should she be looking for jobs? Well, she’s interested? In the new york in the boston market. And i think that what she needs to do is identify some of the businesses or industries in both of those markets that seem to be advertising. Not that they necessarily advertising for her job, but i would look at some of the job boards when you read the journal every day. You kind of get some of the numbers and whose where i think it doesn’t hurt, too. Ah, kind of do a dartboard and look at the biggest companies and work your way down to who’s growing where the numbers are looking good. You might even want to take a look at numbers like what percentage of people are planning retirement in the next two to three years, and you, me, maybe one of those potential candidates that is part of a succession plan, because organizations do know that baby boomers are starting to leave the marketplace and humongous numbers and that’s where we need to identify with the opportunities either are today or will be very soon. Jenny, we just have a minute before the brake, and of course, we’ll continue after the break. But in this minute or so where have you put your resume, jews, monster dot com, or where you trying to promote yourself in just a minute or so? We have, oh, i tried out different ways, such as my school, chris korea center, and i put my resume on to the ivy exact, yes, yes, tv that’s, one of the alarms on job, and then there’s the craigslist. Also. Okay, thinking i used a lot link tonight, lengthen, i thinkit’s, brigham, just pretty standard in job search isn’t right ball. I believe, so we’re going to take a break. Paul and jenny are going to stay with us. They’ll be with us after the break, and i hope you will, too. You’re listening to the talking alternative network, waiting to get a drink. Duitz e-giving cubine are you stuck in your business or career trying to take your business to the next level, and it keeps hitting a wall? This is sam liebowitz, the conscious consultant. I will help you get to the root cause of your abundance issues and help move you forward in your life. Call me now and let’s. Create the future you dream of. Two, one, two, seven, two, one, eight, one, eight, three, that’s to one to seven to one, eight one eight three. The conscious consultant helping conscious people. Be better business people. This is tony martignetti, aptly named host of tony martignetti non-profit radio big non-profit ideas for the other ninety five percent technology fund-raising compliance, social media, small and medium non-profits have needs in all these areas. My guests are expert in all these areas and mohr. Tony martignetti non-profit radio fridays, one to two eastern on talking alternative broadcasting. Is your marriage in trouble? Are you considering divorce? Hello, i’m lawrence bloom, a family law attorney in new york and new jersey. No one is happier than the day their divorce is final. My firm can help you. We take the nasty out of the divorce process and make people happy. Police call us ed to one, two, nine, six, four three, five zero two for a free consultation. That’s lawrence h bloom two, one two, nine, six, four, three five zero two. We make people happy. You’re listening to the talking alternative network. Dahna welcome back on tony martignetti i’m joined in the studio by paula marks, executive search professional managing director at gilbert tweet international she’s in the studio with us and on the phone is jenny. She jenny is looking for a job in non-profits and has a background in finance. Paula before the break you mentioned, linked in as being very standard. Now in job search. What about other online resource is maybe social media? What? Where should jenny be putting herself out in addition to the places that she mentioned before the break? Well, i noticed that people do show up with this kind of information on places like facebook. Um, i think that there are probably chinese based networking groups. I think there are probably furniture, networking groups. In fact, i think, jenny, is that how you met terry through an online home furnishings sector? I think let’s part of linked in. So i think it’s constantly looking for those different sorts. I don’t know, jenny, if you had a chance to look at my website, paula marks dot com but it’s comprised of a plan. And so i always say, meet me at the corner of horizontal and vertical, because that’s, where a lot of things come together, you know, i don’t really think there’s anything new under the sun. I just think, it’s, the way that we sort the data out so you could be looking at chinese women in new york, chinese women in boston, chinese women in whatever university you went, teo, i think there’s probably not-for-profits chinese women. Ah, i certainly, depending on what kind of search i’m working on. My work is very diverse, but at one point i on ly did work in retailing. And then i did on ly human resource is and now i really work in virtually every industry and it’s really just taking those analytical skills and saying where these people most likely to exist. Now, when your resume you did a financial project for coca cola, i’ll betcha that there is a coca cola alumni. You did something for jet blue and sun microsystems. I’ll betcha that there are alumni associations for those organizations, and the other thing is, as a career coach with forty plus years of experience, you really should go back to the people you worked with in those organizations and let them know. That you’re in the market and who do they know that might be of interest is to you much the same way that you met me through terry sometimes it’s just a question of asking because the person on the other side of the desk doesn’t know what you want need, and sometimes we need to express it. And so, paulo, your your advice is all around the sort of alumni groups at the company’s where jenny has worked, but she could be talking to them about her interesting non-profits absolutely, because everybody knows somebody she could even be doing this at her local gym. I mean, people everywhere, i mean, people in restaurants and buses and trains, i think it’s really just making those connections. Jenni, are you comfortable in sort of new settings may be walking into a meeting where you don’t know anybody and introducing yourself and getting to know people and explain what your interests are. And is that something that’s comfortable for? You are a little off putting if i don’t know what i’m sweet talking, i will be a little bit service, but in my experience, i did a lot of presents. Seymour, i manage so i’m not that confident out, okay, so you’ve done a lot of presentations in front of audiences. Is that what you mean? Uh, yes, front. Okay, sales teams and customers. Who said jenny yet? Okay, good. And so the and the one on one sort of networking doesn’t doesn’t put you off. No, it’s, not i. I’d really like to talk with people when i want more than a group because you can be focused on one person and a fully attention too. Uh, paula what? Um, what advice about, uh, when you mentioned facebook, we’ve talked about linked in way haven’t mentioned the big job boards i did, but nobody, nobody bit are those still around monster dot com or people still finding jobs through those or i think they’re still around, and i think they’re huge and their brand is huge. I personally have never found the candidate off of any of the big job boards. I think like any other form of media, they become so big and so unwieldy, and i think that they throw the baby out with the bathwater sometimes nonetheless, there are lots of people that find people on those job. Boards, i think once you become ah, a little more advanced in your career is an executive, i think there’s less opportunity there, but that’s my own personal experience, and i i really have built a multimillion dollar database through one on one relationship, so i’m probably not the right person to ask, but i don’t think you can leave any stone unturned. And i also think you have to always look at again the horizontal and the vertical and wear those lines cross each other. Ladies, we have to leave it there. Jenny, i want to thank you very much for sharing your job. Search with us. Thank you very much for joining us. And paula, thank you for coming to the studio and sharing your advice for jenny. Thankyou, janae. And thank you, tony. Thanks also to chris mcgurn at pnc. Grateful to have him on the show. We have a facebook page. You can go to to get email alerts for the show and see the live appearances that i’m doing. And you can also booked me to do a live appearance for you all through the facebook page at non-profit tony martignetti non-profit radio next week. My guests are going to be maria simple, the prospect finder she’s going to share tips on free roy resource is for finding new donors and getting more information about your current existing donors, and i’ll also be joined by kathleen rittereiser kathleen is the co author of foundation and endowment investing, she’ll be sharing strategies for investing your endowment, whether it’s five, six, seven figures or larger or smaller. There are ideas from her book that will benefit your endowment investing if you’d like to participate in a a future edition of i’m looking, please go to the facebook page, let us know we’d be happy to have your job search ah profiled on the show and we want to expand to we’re looking so if you are a non-profit with a job opening and you’d like to be paired with karen bradunas our human resource is consultant for the same type feature again, you’ll find you’ll let us know from the facebook page so we could make this segment i’m looking, we’re looking. Our creative producer is claire meyerhoff. Sam liebowitz is the line producer and social media for the show is by regina walton i’m tony martignetti this is tony martignetti non-profit radio every friday, one o’clock eastern. Talking alternative broadcasting at talking alternative dot com. Join us next week durney. Koegler good ending. Duitz. You’re listening to the talking alternate network, you get in. Thank you. Cubine. I really need to take better care of myself. If only i had someone to help me with my lifestyle. I feel like giving up. Is this you mind over matter, health and fitness can help. If you’re expecting an epiphany, chances are it’s not happening. Mind over matter, health and fitness can help you get back on track or start a new life and fitness. Join joshua margolis, fitness expert, at to one two, eight sixty five nine to nine xero, or visit w w w died mind over matter. N y c dot com this is tony martignetti, aptly named host of tony martignetti non-profit radio big non-profit ideas for the other ninety five percent technology fund-raising compliance, social media, small and medium non-profits have needs in all these areas. My guests are expert in all these areas and mohr. Tony martignetti non-profit radio fridays, one to two eastern on talking alternative broadcasting. Hi, i’m new york state senator joe a dabo. I will be hosting a Job fair on friday, november 12 at aqueduct racetrack in queens, contending into three p m we will have over one hundred companies looking for qualified workers. They’re all to be lectures on job strategies and networking. So come and bring plenty of resumes and join me on friday, november twelfth at aqueduct racetrack. For Job fair from 10 a m to three p m. For more information, please call pete in my district office at seven one eight seven three eight one one one one. Are you stuck in your business or career trying to take your business to the next level, and it keeps hitting a wall? This is sam liebowitz, the conscious consultant. I will help you get to the root cause of your abundance issues and help move you forward in your life. Call me now and let’s. Create the future you dream of. Two, one, two, seven, two, one, eight, one, eight, three, that’s to one to seven to one, eight one eight three. The conscious consultant helping conscious people. Be better business people. Altum you’re listening to the talking alternative network.