How Often Do You Go to the Well?
I enjoy sayings and figures of speech that stand the test of time. I was recently interested in the concept of "going to the well too often" in the context of fundraising. Figuratively, going to the well too often means that you shouldn't repeat a risky action too often — or you push your luck too far.
According to the 2006 "Oxford Dictionary of Phrase and Fable," an early 14th-century French proverb says, "Tant va pot a eve qu'il brise" ("The pot goes so often to the water that it breaks"). In baseball, the saying is applied when a pitcher throws the same pitch over and over successfully — until the hitter ruins the streak with a hit. The point is that a risk is run when someone continues the same action over and over without change.
There are basically five primary sources of funds in development: corporations, foundations, associations, organizations and individuals. We know from the latest Giving USA data that $335 billion was given in 2013. Every fundraising office in the U.S. struggles each day with various processes such as what prospects to identify, rate, screen, solicit, cultivate and steward to obtain a piece of this pie.
These development officers also struggle with determining what prospects have links to the organization, ability to give to the organization and inclination to give to the organization. The complexity of these many processes can be overwhelming. Because of this, there could be a tendency and comfort in soliciting and securing the same gifts from the same prospects each year.
When I joined a hospital system as chief development officer, I inherited a budget and donors who had been giving to the organization for many years. One particular corporate foundation had given $100,000 a year for several years in a row. There was comfort in the fact that this donor would "always" give to our organization. When I came on board, I certainly began to cultivate the most major donors in terms of cumulative dollars given, largest gift given, most recent gift given and number of gifts given over time. I focused energy on building a relationship with this long-term foundation donor.
Duke Haddad, Ed.D., CFRE, is currently associate director of development, director of capital campaigns and director of corporate development for The Salvation Army Indiana Division in Indianapolis. He also serves as president of Duke Haddad and Associates LLC and is a freelance instructor for Nonprofit Web Advisor.
He has been a contributing author to NonProfit PRO since 2008.
He received his doctorate degree from West Virginia University with an emphasis on education administration plus a dissertation on donor characteristics. He received a master’s degree from Marshall University with an emphasis on public administration plus a thesis on annual fund analysis. He secured a bachelor’s degree (cum laude) with an emphasis on marketing/management. He has done post graduate work at the University of Louisville.
Duke has received the Fundraising Executive of the Year Award, from the Association of Fundraising Professionals Indiana Chapter. He also was given the Outstanding West Virginian Award, Kentucky Colonel Award and Sagamore of the Wabash Award from the governors of West Virginia, Kentucky and Indiana, respectively, for his many career contributions in the field of philanthropy. He has maintained a Certified Fund Raising Executive (CFRE) designation for three decades.