How to Listen to Your Major Donor
4. Ask what benefits are desired in the donor's giving. It is very important to understand what the donor wants to get out of the giving transaction. This is fundamental. If you don't know this critical piece of information you will not be successful in building a good relationship with the donor. Here is a way to ask this question: "May I ask you a question, [name]? [Yes]. Well, one of the things I understand about giving is that there are reasons, often specific reasons, people give. Sometimes, those reasons are all about the cause the donor is giving to. Other times it is the cause and other personal reasons, like to memorialize a passing loved one or to make a statement about something that is important to the donor. What is it that matters to you in your giving to our organization? And what do you want to get out of it?" Then you talk about all of that.
So, questions are a very important way to cause listening. Ask a lot of questions. Start with broad topics then narrow down to more specific ones. And always build current questions on previous responses which means you are taking notes about the conversations you have had.
How will you know you are not listening well? Here are some clues:
- You do all the talking.
- You interrupt.
- You avoid eye contact.
- You put words in the donor's mouth.
- You get the donor defensive by the way you talk to her.
- You argue before the donor finishes his or her case which means you are paying more attention to how you will respond then to what the donor is saying.
- You digress with stories because you love your stories and the sound of your voice.
- You overdo feedback.
- You make judgements.
Listening is also a state of your heart. If you really care about the donor you will listen well. If you don't and the whole thing is about the money you won't listen. Catch yourself not listening and you have caught yourself not caring. And that is a problem. Not caring in major gifts is one of the most damaging things that can happen in the life of a MGO.
If you’re hanging with Richard it won’t be long before you’ll be laughing.
He always finds something funny in everything. But when the conversation is about people, their money and giving, you’ll find a deeply caring counselor who helps donors fulfill their passions and interests. Richard believes that successful major-gift fundraising is not fundamentally about securing revenue for good causes. Instead it is about helping donors express who they are through their giving. The Connections blog will provide practical information on how to do this successfully. Richard has more than 30 years of nonprofit leadership and fundraising experience, and is founding partner of the Veritus Group.