PVLD, or more accurately the Peninsula Friends of the Library, is on the cusp of launching its biggest fundraising campaign ever in support of major facilities improvements at our Malaga Cove and Miraleste branches, as well as to raise an endowment that will provide a stable source of future supplemental funding. This is unknown territory for just about everyone involved. The Friends have been highly successful with their book sales, library shop, and other "grassroots" efforts, but it has been 20 years since they have conducted a major capital campaign (for the library district's first automated system) and raising and managing an endowment is brand new.
Since I personally have virtually no fundraising experience I have been trying to learn as much as I can as fast as I can by talking to people who have done it before, and by reading everything that I can lay my hands on that seems relevant. One of the blogs that I have found very useful is Donor Power, found at www.donorpowerblog.com
Today Donor Power had a link to a fascinating report by the United Kingdom fundraising think tank nfpSynergy (www.nfpsynergy.net )on "The 21st Century Donor". The report is lengthy β the executive summary alone is 20 pages long β and I haven't yet digested it all, but I was struck by the first page, which summarizes what the 21st century non-profit will need to do to raise money from the 21st century donor. The list of action items follows. Read it, and then substitute the word "library" for "charity" and the word "library userr" for "donor". Guess we're not allowing in grappling with changing expectations and changing perceptions of value!
To raise money from the 21st Century donor effectively
the successful 21st Century Charity will need toβ¦
1. Become as distinct, competitive and appealing as the best commercial brands. Charities compete with an individual's personal and leisure spending as much as with other charities.
2. Demonstrate and communicate value-for-money and impact, so that donors can see how their contribution makes a difference to clients and beneficiaries.
3. Engage donors by motivation and giving 'products', as much as on the basis of demography and wealth. Donors like and respond to opportunities to give where the price, the rewards, the package and the relationship are all clearly set out.
4. Offer a wider choice of giving products which match donors' motivation. For example, some donors want giving centred around social interaction such as challenge events and others around the impact of their donation.
5. Blur the boundaries between giving and living β create more active and rewarding lifestyle events, from fun runs to peak challenges, from dinner parties to midnight walks. The best social fundraising makes it unclear whether people are primarily fundraising or primarily having a great time.
6. Make donors stakeholders, with a real say in how they give and how their money gets spent. While this does not mean that donors have the final say in how the money gets spent (unless they are government!) it does mean that their views are really important. Therefore dialogue between donors and service deliverers becomes more important.
7. Stress what a donor can expect out of the giving experience: this might be about the emotional return of giving, the recognition process or the involvement. The more money people give, the more they want to be involved.
8. Appeal intensely to specific, defined target audiences. A lukewarm appeal to the general public is worth far less than a burning passion amongst a key demographic or attitudinal group.
9. Woo more big givers, corporate and individual, via the offer of recognition and the opportunity to change both their own lives and the lives of beneficiaries.
10. Integrate the experience of giving time, money or activism so as to retain loyal supporters able to give different things at different life stages, from nursery to nursing home. Giving and volunteering are better seen as one activity which focuses on giving time or money, depending on life-stage, circumstances and wealth.
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