Stop and think for just a quick second and type your answer into the comments box below.
Do you know EXACTLY how much money you must raise from individual donors to have a successful fundraising year?
If $500,000 is your goal for the year, as of this week you should have nearly $87,000 raised. . . in the door. . . gifts received.
If $1 million is your goal for the year, as of this week you will want to have around $173,000.
And if $100,000 is your goal for the year, you want to have $17,400 raised as of today.
So, who have you told about those numbers? Anyone? Telling the truth to your board, donors and other supporters is what it takes to raise all you need – with ease. Yes. Ease.
I talk a lot about communication and sharing your money story.
I know it’s easier to breeze past talking about exactly what you must raise this year. You don’t want to feel “asky” right?
My recommendation is to KNOW and share your “funding gap.” It’s a term I use to describe the difference between where you are today and where you must be to do all your important work.
Christina asked this question after learning about the funding gap terminology: What if you are extremely under-budget and over your fundraising goals? What if there is not a funding gap?
Because this is a question I get asked often I thought I’d share the answer I sent to her.
Christina, Your question is a good one and what I say to that is:
Are all of your staff paid at the level they deserve to be?
Does your organization offer excellent medical insurance and a 403B retirement plan for employees?
Is all your equipment and space state of the art? Are all of your programs fully funded with no waiting lists? Are your programs and fundraising department fully staffed?
If you answer YES to these questions than you likely don’t need more fundraising dollars.
If you answer NO to any of these questions, you have a funding gap for the vision of where your organization must be to serve your community.
Your funding gap is not a budget number. It’s your money story.
It’s the gap between what it takes to truly do your work at a quality level and what you raise from the community each year.
Telling the truth about your money story allows a donor or potential donor to know exactly what they can do to take action. It allows them to know what they can do to fulfill their own aspirations for their community.
While they may not ask, your supporters really DO want to know exactly what they can do to help. They want to know exactly how much it takes to deliver your amazing programs and how much you need today. Not just in November or December during the final fundraising push at the end of the year. Now. Today.
My challenge to you is to speak the truth and then go raise all you need this year.
To learn more about HOW to identify and share your money story [funding gap] invest in the Complete Storytelling System home-study course. Module 7 will give you instructions on how to talk about the money in a way that feels comfortable and not like you are begging.