Guest Post: How to Ask Big Donors for Leadership Gifts in Six Steps
December 16, 2015
(NOTE: On occasion, we love reaching out to our friends and partners in the non-profit fundraising world to find out what they’re thinking about when it comes to helping charities raise the most money possible. This week, Keith McLane of KLM Auctions tells us about reaching out to those major gift donors. Enjoy!)
Charity fundraising events pose a tough challenge: You have to mobilize financial resources from donors to meet your aggressive monetary goals. To launch your campaign, you turn to your high-power donors, the heavy hitters who make or break your efforts. Your outreach to them takes first priority.
So how do you address these big donors in a pre-auction fundraising letter and hit all the right notes? Let’s take it step-by-step.
Start off with a big thank you for past generosity:
Dear Stan and Jan,
Thank you again for the donation of your Tahoe home for the auction; it was incredibly generous and I hope it goes for some really big money this year!
Make your supporters understand how important their contributions are, and how their leadership role will be critical in the new project:
I'm reaching out to very select families regarding this year's Fund-a-Need. I don't know if you saw my earlier email to the auction RSVP list, but we have an idea we're very excited about: To add artificial turf and a retaining wall to the dirt hill near Annex (beside the ramp between the upper and lower playgrounds). We think it will make a huge difference to the children's experience and really liven up the play space.
Emphasize the immediate challenge ahead, and how the big donor will be a visible trailblazer who sets the tone for the entire community.
But it doesn't come cheap.
We've been working with landscape architects and the bids are on the order of $60,000, of which I'd like to raise $50K or more from Fund-a-Need. It's a high goal, but in the past when the (Name of School) community has mobilized we've come in at or above that level and I'm hopeful we can do it again. If we hit the $50K target, we should be able to make up the remainder from the general auction proceeds.
Let your donor know that if they are first in the game, they can be a game-changer in realizing fundraising goals:
Hence my request. I have no idea if you are planning to contribute to Fund-a-Need or not this year, but our professional auctioneer tells us the most successful technique is to have one or two pre-committed top-tier bids in his pocket. It gets the energy in the room flowing and gets the paddles going up at nice high levels.
In other words, we don't want to guess what the high bid is going to be, and we don't want to start too low.
Show understanding and flexibility – you’re not forcing anything on your big donor. At the same time, express your gratitude again and drive it home that they can play a prominent, instrumental role in realizing a community dream.
I'm asking about a dozen families to try to find someone to start our bidding at $5,000. Yes, I realize that's a large amount and that you've already done a ton for the school and for the auction, for which we are all extremely grateful. And I realize we're coming at families with asks left and right and if this is too much I absolutely, totally get it; no problem whatsoever.
But looking at past years' bidding patterns, if we can get someone to start at this level I do think we can hit it out of the ballpark.
Establish a basis for quick personal follow-up – a call or a meeting. Give another hearty thank you and a reminder to “save the date.”
I will give you a call this evening to touch base in person. Thanks in advance for your consideration, and thanks once again for the generous donation of your Tahoe home!
Take care, and looking forward to seeing you on Saturday.
In these six steps and with personal engagement, you can make your fundraising goals a reality.
Let your biggest donors know how grateful you are, and have them imagine what they could achieve next by dreaming big.
of KLM Auctions
is one of California and the Nation’s top charity auctioneers
and fundraising strategists. KLM Auctions’ auctioneers have all earned the distinguished Benefit Auction Specialist (BAS) designation from the National Auctioneers Association—a designation held by fewer than 20 auctioneers in California.