The holiday season is the perfect time to reflect on the past year. Your organization was likely blessed in countless ways over the last 12 months and you should recognize and acknowledge those blessings. It is especially important this time of year to maintain donor relationships by showing your appreciation. One of the biggest mistakes you can make is to assume donors know how their gift impacted your organization. It’s easy to fall into the trap of losing touch with your donors as the months and years pass from their initial gift, but it is important to continue, and ultimately strengthen,…
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A national or regional day of giving, such as Giving Tuesday, could seem to be at odds with a complex fundraising effort like a capital campaign. Devoting time and resources to one day of fundraising could take away focus and funds from a campaign. But that doesn’t have to be the case! With proper planning and clear communications, it’s possible to successfully incorporate Giving Tuesday or any day of giving into your capital campaign. At the Steier Group, we often conclude our onsite campaign management with Commitment Weekend. It’s a chance to celebrate the fundraising success achieved during the capital campaign while…
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Every day, 100 workers descend on the campus of St. Catherine of Siena Catholic Church for construction of a larger, permanent church and a new school gym for the growing parish in Wichita, Kansas. The Rev. Dan Spexarth, pastor, said parishioners drive through the parking lot at “1 mile per hour” just so they can get a closer look at the projects taking shape. “It’s very exciting,’’ Spexarth said. The parish’s Out of Love for God campaign is funding the projects. The dynamic parish in northwest Wichita partnered with the Steier Group on that successful effort in 2018, raising more…
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Nonprofits planning a capital campaign can draw on plenty of effective tools to ensure success. There’s an essential one the Steier Group always recommends: wealth screening. Wealth screening is crucial because it helps nonprofits determine the capacity of donors to give. “Wealth screening provides our clients a tremendous advantage in a capital campaign,’’ said Matt Vuorela, Steier Group president. “We’ve seen countless examples of how wealth screening helps nonprofits not only meet but exceed their campaign goals.” The Steier Group partners with DonorSearch, a leading provider of prospect research, for wealth screening services. Sarah TeDesco, DonorSearch executive vice president, said…
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You’ve just finished a successful capital campaign. Time to celebrate! All that hard work has helped you get a long-awaited project off the ground. However, you knew this project was going to take more than one capital campaign to accomplish. You’ve raised enough to get the project started, but you have more pieces that are part of your vision. And your organization needs some time in between campaigns. What do you do in between campaigns to sustain your vision and put yourself in position for a successful follow-up effort? Here are a few ideas: Effectively follow up on the first…
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At a recent 10k race, I looked around at the starting line and noticed how many people were there. Not just the runners stretching before the race. There were course marshals, volunteers, spectators and all the people associated with the event behind the scenes. I see a race like this as a great metaphor for running a capital campaign. Before toeing the starting line, many training miles must be run in preparation. By the time most supporters of your organization learn about a proposed campaign, many months, if not years, of planning have gone into this vision. Leaders of the…
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It’s easy to think of a capital campaign in negative terms. It may seem like yet another request for money, a herculean effort to tax our already busy calendars, or — because it isn’t a regular part of our giving — simply an add-on expense. But these perspectives miss the mark when we consider a capital campaign as another expression of Christian stewardship. As King David exclaimed, “I will not sacrifice to the Lord my God burnt offerings that cost me nothing" (2 Sam 24:24). Scripture is replete with the call to offer God that which is dear to us.…
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How well do you know your major donors? Your answer to that question is key to your organization’s chance for fundraising success, especially during a capital campaign. After 21 years of service and more than $2 billion raised for our clients, the Steier Group has learned that there are three critical success factors of a capital campaign: strong leadership at the CEO level, a compelling project vision and a dedicated volunteer force. Even when these factors are met, however, capital campaign success is not guaranteed. Our campaign managers often encounter nonprofits who have misidentified the engagement level of their major…
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Great news! Your organization’s recently-completed planning study found strong support for a capital campaign. Your donors are fired up and ready to support such a transformational fundraising effort. You have interested volunteers and leaders excited to step up. What’s your next step? At the Steier Group, we advise our clients to start the capital campaign immediately – preferably in less than two weeks. We have found that delaying the start of a capital campaign after a successful planning study can hinder the success of the effort. In 194 church capital campaigns over the last 10 years, we found that clients…
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Raising money is not an easy task, especially when you have to raise a lot of it. Conducting a capital campaign successfully requires careful planning, lots of consultation, widespread buy-in, strong leadership, a clear vision, a transparent communication plan, and a reliable and energetic corps of volunteers. But the best strategy and mechanics for executing an effort of this magnitude won’t get you very far without an indispensable disposition to support it all: a positive attitude. “Believe you can and you’re halfway there,” Teddy Roosevelt once quipped. Put another way, believe you can’t and you’ll never make it. Capital campaigns…
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