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Capital campaign strategy best practices - Steier Group

Strong leadership allows Rice Memorial High School to fundraise through pandemic

By Steier Tips

COVID-19 was officially deemed a pandemic on March 11, 2020. That day all aspects of American life began retreating from the public square, exemplified by a 1,200-point drop in the Dow Jones Industrial Average — a plunge that ended an 11-year bull market. A week later, on March 18, the leadership at Rice Memorial High School in Burlington, Vermont decided to continue their fundraising campaign. Similar projects across the country were paused out of concern for the impending social and economic fallout. But Rice Memorial’s leaders went on to run a successful campaign thanks to their vision, skill and boldness. “We had…

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Holy Trinity Parish found fundraising success during pandemic

By Steier Tips

The easy out when COVID-19 hit would have been for Holy Trinity Parish to delay its capital campaign until the pandemic had passed. With that approach, the Catholic community in Eldorado Hills, California, would still be waiting to relaunch its campaign. Instead, the parish continued with its effort to reduce historic debt with a temporary redirect to shore up its offertory during the initial wave of the pandemic, said Jeremy Youngers, parish life director. “Our parish responded in amazing ways,” he said. “Our approach was intentional in every step. It came down to our pastor communicating the message.” Holy Trinity, months earlier,…

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Five ways to steward your donors from a safe social distance

By Steier Tips

Each Thanksgiving, millions of Americans share what they’re thankful for. Perhaps your family even went around the dinner table (or Zoom call) and individually expressed gratitude. During this holiday season, nonprofit organizations should be doing the same: expressing gratitude. In the midst of the COVID-19 pandemic, there has never been a more important time to steward your donors. Though millions of Americans remain out of work and millions more have experienced reductions in pay, donors have stepped up to support charitable causes. The Chronicle of Philanthropy reported that charitable giving increased by 7.5% during the first half of 2020 when compared to…

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Roadmap to recovery

By Steier Wire

To say that the events of 2020 flipped fundraising (and the world as a whole) on its head would be an understatement: millions sick, hundreds of thousands dead, cities and states locked down, churches and schools closed, economic struggles, millions more out of work. Some Catholic communities are suffering too. Mass attendance is down as parishes grapple with local restrictions and safety concerns. Offertory income is declining. In some extreme cases, operational shortfalls are causing Catholic schools to shut their doors permanently. All the while, pastors wonder if parishioners will ultimately return in the same numbers they did before the…

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Silver linings found in running a capital campaign during a pandemic

By Steier Wire

The pandemic has created new challenges and changed the way Catholic organizations operate and raise money. At the Steier Group, we have seen the silver linings of this “new normal” and are helping our clients not merely survive this crisis but thrive through it. While the fundamentals of a capital campaign remain unchanged, the following are some of the positive developments we’ve experienced while working through the pandemic. RELATIONSHIPS Relationships are the heart of a healthy organization and the lifeblood of fundraising. Stay-at-home orders and physical distancing have forced us all to reimagine how to sustain relationships and how to…

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Now’s the time to consider a capital campaign

By Steier Tips

The idea of running a planning (feasibility) study or fundraising campaign while society adjusts to life with COVID-19 may seem a bit crazy. But is it? Over the past several months, the Steier Group has seen a significant evolution in thinking about fundraising during this crisis. In March and April of 2020, nonprofits were rightfully hesitant and unsure about how to proceed. Many determined it was best to weather the storm, hoping that as the situation improved, things would return to normal. We all now recognize “normal” has taken on a whole new meaning and, if we don’t adapt, it…

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Live forum: Asking in April

By Steier Tips

We’ve heard from so many nonprofit leaders that are struggling financially but are unsure if they can ask for support during such a challenging time. With that in mind, our next live forum will be addressing this important question: Asking in April – Can you fundraise during the COVID crisis? Perhaps Francis Doyle said it best: “All we can do is invite people” to give. Only prospective donors can decide whether now is a good time to be asked – and to give, suggested Doyle, who is director of development for the Diocese of Hamilton. “Generosity keeps happening.” During the…

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Can you fundraise during the COVID-19 crisis?

By Steier Tips

“The only thing we have to fear is fear itself” President Franklin Roosevelt’s 1933 inaugural address Nearly 90 years later, these words should again serve to comfort and inspire Americans. Just as the Great Depression caused distress for our nation, so too has the deadly COVID-19 virus. The economic effects of the pandemic have some nonprofits questioning their fundraising efforts, including capital campaigns. How should we proceed? Is this the right time to ask for support? Should we wait for a return to normalcy? As nonprofit leaders wrestle with those questions, they may draw inspiration from a pair of Steier Group…

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Fundraising and development during the coronavirus pandemic

By Steier Tips

These are unprecedented times. While there is understandably a lot of anxiety and uncertainty about what a nonprofit organization should do as the economy struggles and much of society shuts down, certain truths are unchanged. Your organization remains committed to achieving its mission, your needs are real, and your mission relies upon timely and effective fundraising. The Steier Group is no stranger to advancing our clients’ mission in times of crisis. We’ve faced the uncertainties following the tragedy of 9/11, the economic instability of the great recession, many regional natural disasters (hurricanes, flooding, earthquakes, etc.) and, for our Catholic clients,…

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Four traits of a successful feasibility study

By Steier Tips

What if you could predict the success of your capital campaign in just a few short weeks? Good news – you can. A well-managed, successful feasibility study can help you test interest in your proposed plans, identify volunteers, hear from your key donors, and, most importantly, forecast the funds you’ll raise in your capital campaign. However, not all planning studies are created equal. Here are a few key characteristics of a fruitful study: A strong response rate: A well-managed planning study gathers a wide response across all groups of constituents. A good mantra to follow is: if you are going to…

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