KPM

Rules Before Distributing Aid Fraud Risk Board Committees Sudden Wave Of Support Non-Profit Restructuring Inflation Reduction Mission changes Reimbursement Policy Protecting Your Non-Profit Against Financial Threats Non-Profit Retirment Plan Look Internally To Fill Non-Profit Guide To Planned Giving Financial Statement Auditing Process Flexible Budget Rules Of Form W-9 Potential Obstacles Of Going Global Advertising Payments To Non-Profits Searching For New Staffers Operate Your Non-Profit 501(c)(6) Board Meeting Minutes Planned Gifts Diversity For-Profit Subsidiary IRS Compliance Merging Non-Profits Return a donation Internal Controls Term Limits Pay transparency Accountable Plan Fundraising Disaster Plan Audit Conflict-Of-Interest HR Function Volunteer Risk non-profit tax reporting Cryptocurrency Donations Culture

Elevate Your Non-Profit’s Year-End Fundraising With Personal Connections

As December 31 nears, your non-profit is likely immersed in the final stages of year-end fundraising. This is because individuals who itemize their deductions can claim eligible charitable contributions on their upcoming 2023 tax returns.

As you make last-minute pitches, don’t forget to deploy the personal touch. Many studies have shown that people are more willing to donate if a friend, family member, or coworker is doing the asking. At this time — and into the new year — rely on board members to reach out to their networks.

Passionate Advocates

All of your organization’s stakeholders can promote your non-profit and request support from their contacts. But development staffers aside, board members generally make the most effective fundraisers because they’re knowledgeable about your organization, passionate about your mission, and typically have a wide range of contacts in business and philanthropic circles.

Support their efforts by making sure they have the proper information and training. Equip them with a wish list of specific items or services your non-profit needs. Keep in mind that not all of their contacts may be in a position to make a monetary donation. However, some people may be able to contribute in-kind goods or services.

In-Person Meetings

When making a personal appeal to prospective donors, your board members should, when possible, meet in person. Email can save time, but face-to-face appeals are more effective. Personal appeals can also be effective if your non-profit offers donors something, such as coffee or lunch, in exchange for their attention.

When board members meet with prospective donors, they must humanize your cause. Say that your non-profit raises money for cancer treatment. If board members have been affected by the disease, they might relate their personal experiences as a means of illustrating why they support your organization’s work.

Even when appealing to potential donors’ philanthropic instincts, it’s critical to mention other possible benefits. For example, if your non-profit is trying to encourage business owners to buy ad space in your newsletter, board members could explain that your supporters are a desirable demographic, both in terms of spending power and an eagerness to ‘buy local.’

Into The New Year

The clock is winding down on 2023, but you should plan to use these fundraising strategies in the new year. Start planning more small gatherings where board members can interact with major donors. In the meantime, contact us to discuss your non-profit’s financial health.

Related Articles

Talk with the pros

Our CPAs and advisors are a great resource if you’re ready to learn even more.