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| Big Rock Fundraising
(Editor's Note: Although this article is directed toward your Executive Director's role in fundraising, the principles here apply also to Board Members as you seek to identify how to prioritize the time you spend developing relationships with major donors and supporting your ED's efforts. Board Members should be willing to help identify the "big rock" donors, utilizing their contacts in the community, and accompany the ED on key visits to those donors and participate in thanking them. Another question to consider is, "Do our job descriptions for staff give the ED the time and freedom needed to develop this crucial area of the ministry and does s/he have adequate staff support to handle the daily operations of our PRC?" If not, your ministry will constantly struggle with having the funds to carry out its mission.) In his book, First Things First, Steven Covey shares a story about a seminar instructor who used some simple props (an empty jar and a few rocks) to illustrate his point about setting priorities. "How many rocks do you think will fit into this jar?" the instructor asked. After a few guesses from the audience, he began to carefully place one by one as many rocks as he could into the jar. When he got to the top, he asked, "Is the jar full?" "Yes!" someone in the audience responded. The instructor then brought out a bucket of gravel and began to pour it into the jar, stopping occasionally to shake the gravel into every available space between the bigger rocks. "Is the jar full?" Now the audience was catching on and someone replied, "Probably not." "Good," he responded as he reached for a bucket of sand and began to dump it into the jar shifting it back and forth until every crevice was filled. "Is the jar full now?" "No," the crowd yelled. "Good," he replied as he grabbed a pitcher of water and poured it into the jar of rocks, gravel, and sand. Then the instructor asked, "What's the point?" "Wrong answer. The lesson is: If you don't put the big rocks in first, you'll never fit them in." Prioritize "Big Rock" Fundraising involves two key principles: identifying major donors and investing your time with them. Yes, you need donors who can partner with you at all levels. Yes, your center is grateful for every donor no matter what size of gift. But to reach your gift income potential you need to cultivate personal relationships with major donors. Remember the 80/20 rule: 80% of the resources will come from 20% of your donor base. Identify Survive or Thrive? "But I didn't get into this ministry to spend all my time raising money." I understand. But think of this, there are certain things that only the executive director can do and cultivating relationships with major donors is at the top of the list. Major donors want to talk with the boss. They want to hear your passion and vision for the future. They want to make a difference with their gift, so they want to know if you will follow through with what you say you will do. They want to give to people they can trust, and you can build that trust by meeting with them face to face. If you can succeed with your big rock relationships, you'll be able to expand your personnel, programs, and even your property. Delegate Some CEOs try to ease into this time management shift, but it is best to go "cold turkey." Make a big rock decision and block out one day a week to nurture key donor relationships and let the organization work around your schedule. Don't worry — meetings that require your presence will fill into the cracks somewhere. So what should you do on "Big Rock Day?" Divide it equally five ways:
You have an important decision to make. You can spend your time shifting gravel, sand, and water, trying to make enough room for big rocks, or you can dump the jar and start over. Remember, if you don't put the big rocks in first, you'll never fit them in. Ron Haas is Vice President of The Timothy Group in Grand Rapids, Michigan. He can be reached at rhaas@timothygroup.com. For more great articles on financial management and accountability, go to timothygroup.com.
Copyright © 2008 Focus on the Family All rights reserved. International copyright secured.
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| Copyright © 2008 Focus
on the Family |
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