A participant in a listserve observed that ”the realm of ‘planning’ is (often) made infinitely more complicated because different words are used to mean the same thing and the same words are used to mean different things.” Indeed, there is great diversity in the use of terms like “visioning,” “mission” and “strategic planning.” So I …
Finance/
Financing & Loans
What Does “Six Figures” Mean & How Can You Earn It
Earning six figures refers to making between $100,000 and $999,999 annually. This income range is often seen as a milestone in financial success, symbolizing comfort and greater opportunities. For many, reaching this salary level represents financial stability, allowing for more discretionary spending, investment opportunities, and freedom to enjoy a better lifestyle. It’s frequently viewed as …
On a listserve dealing with nonprofit-related legal matters, an attorney commented: “I can think of several of my law clients who have made very large gifts, and who would be horrified at the thought of having their names published on the Internet. They would feel that this was an invasion of their privacy, and that …
To paraphrase a posting from a listserve: “If you are going to get someone to want to become a (major) donor to your organization, you have to start with ‘where they’re at,’ and ‘where you’re at.‘ [I put “major” in parentheses because I want to be sure that it is understood that the concept applies …
A couple of weeks ago, in response to the posting “comparing” a Capital Campaign to the Annual Fund, I received the following, multi-part question: I am part of a capital campaign now and we had a donor ask why the gift table does not change for a gift that comes in that is not listed …
Unlike all of the other planned giving mechanisms, a bequest program doesn’t require major technical expertise and specific financial instruments. It’s easy, it’s fast, it can pay off substantially, and the dollars from bequests comprise close to 90% of all planned gifts. Many non-profit organizations refuse to get into planned giving because of the perception …
A question was asked: I know that charitable organizations often have phone banks or door-to-door canvassing where the workers take a percentage of the funds they raise. Likewise, supervisors on such giving programs often also get a percentage. What is the difference if the ED also gets a percentage? In the sense that it is …
That was the first part of a question … that continued to ask: “I believe the answer to be a hard drive at research of prospective large gift donors, cultivating these prospects and obtaining a commitment or large gift. Where do general corporate and community direct mail efforts come in? Are there specific procedures for …
