GameStop made headlines around the world this year. You might be wondering, as a nonprofit professional, what this has to do with the industry. What you’ll soon discover is that a nonprofit crash is in the making. Moreover, leaders in the social good sector who believe “it can’t happen here” are mistaken.
We thought events were the point and that the event’s success would drive our success. Doing our business that way means we have to acquire 75% of participants each year. That path means we don’t retain many donors. In effect, we are letting our prospective constituents use the community clubhouse for a party, but we’re not making sure they move into the community...
In fundraising, a donor parts with money when he or she perceives that the “price” being “paid” is worth what happens when the money is used. The donor is giving a sum of money for something, and it is right for him or her. What is right for the donor as it relates the amount you propose to ask for?...
As long as we’ve had a formal nonprofit sector, we’ve had donors looking to make substantial gifts to improve their image.
I’ve seen this happen several times in different ways. Donation platforms and donor base companies merge.
While we’re continually learning, we also have to protect our brands.