A Major Gift Officer Can Care for Donors
A few years ago, I was meeting with a major gift officer I was helping to manage and work on her strategic plan for all of her donors. We started talking about touchpoints for her donors.
This led her to tell me a story I will never forget. It’s a story that dramatically changed her perspective on what it means to care for donors and the outcome it could possibly have on a donor’s giving.
Here is what happened: Several years ago, Karen (not her real name), the major gift officer (MGO) I was working with, got a notice from an estate attorney that one of her donors had died and left her organization $100,000. Karen knew her donor had Parkinson’s disease, but hadn’t realized she was close to death. So, while it was a great gift, she was sad about the donor.
A week later, Karen was at a local fundraising conference in her city and bumped into a colleague from another nonprofit. They started talking and her colleague mentioned that one of her donors died recently and left them an incredible gift. Turns out, it was the same donor.
Curious, Karen asked how much the donor had left to the organization. The gift was just over $2 million dollars!
That night, lying in bed, Karen began wondering why this donor left the organization so much more money than her organization. Perhaps she loved the mission more? Maybe her colleague had closer relationship? Like any good MGO, Karen was curious about it.
So, she set up a meeting with her colleague for lunch for the purpose of finding out what the story was with this donor from her colleague’s perspective. Her fellow MGO told her how she had met the donor and learned very quickly that she had been diagnosed with Parkinson’s.
She said she began researching the disease and over the months and years, she had sent her articles, suggested different doctors and even connected her to another donor who was also suffering from the disease. Her colleague said, “Like all of my donors, I make it my mission to find out who my donors are, and I just love them.”
That struck Karen. She had never considered the idea of loving her donors. Karen told me she always did a good job on thanking and reporting back to donors and occasionally would send touches that related things about the donor’s interests, but “loving” was a different mindset for her.
Now, was this the reason the donor gave the $2 million vs. the $100,000 she gave to Karen’s organization? For Karen, it didn’t matter. She now had a new way of understanding her portfolio of major donors.
From that point forward, as Karen would plan each year the touches and communication with every one of her donors, her overarching strategy was, “how can I love and care for these good people.”
That philosophy now drives everything Karen does with her donors.
It’s worked. Every since, she has changed her thinking about how she cares for her donors she has experienced double digit growth in her portfolio revenue year over year. And, her donor and donor value retention rates are in the 98 percent range!
That is stellar!
So, as you look at your portfolio of major donors and you start implementing your strategic plan in 2018, ask yourself how well you are caring for your donors. Do you care enough to really know these good people who are passionate about your mission? Do you realize you have the amazing responsibility to inspire them to change the world?
Are you showing your donors that type of love and care?
If you like baseball, tennis, golf, Gregorian chant, jazz, rock, good wine and deep conversation, then you’ll like to hang out with Jeff.
If you are passionate about fundraising, Jeff will inspire you to be a true “broker of love” for your donors, helping you bring together a donor’s desire to change the world and the world’s greatest needs. Jeff believes that if nonprofits truly want to grow and obtain more net revenue for their mission, it will come through creating, building and successfully managing major-gift programs. The Connections blog will give you inspiration and practical advice to help you succeed. Jeff has more than 25 years of nonprofit fundraising experience and is senior partner of the Veritus Group.