This is a follow up to last week’s post on “special event income.” The person who asked the question that engendered that posting didn’t provide enough information for me to be able to address her specific circumstances. So, I got another note, expressing disappointment … and maybe a little annoyance. This time my correspondent wrote: …
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 …
A recent email asked: “What percentage of a non profit’s budget should come from fundraising events?” I have a problem with the word, “should.” That implies that all nonprofits should be raising money through events. That is so wrong!! That is a question that is (so) often posed by people new to the nonprofit world, …
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 …
Corporate Event for a Non-Profit: Profit Meet Purpose A recent communication asked: “I have a potential non-profit client that was approached by a for-profit corporation, with a similar mission, that wants to contribute to the non-profit all or some of the net proceeds from a Gala Anniversary Event organized by and for the for-profit entity. …
(Continued from Last Week) Surely, anyone can see that there is a huge difference between selling a Ferrari, and “selling” a nonprofit institution. The automobile salesperson is responsible for selling cars. In “selling” a nonprofit institution to its (potential) donors, the development professional has the dual responsibility, along with volunteer leadership, for helping to keep …
Not long ago, I received an email from the CEO of a large nonprofit medical center. She referred to an article I had written that was completely at odds with what she was told by the president of a major fundraising consulting firm the hospital is going to hire. The consultant was advising the hospital …
Get ready because they’re coming. Not only the Millennial generation, but their ideas. Thoughts about how to do things better, thoughts about incorporating new technology, crazy ideas with no grounding in past success or industry-wide best practices. These folks want to make an impact – that’s why they’re working for your non-profit – and they …
