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Feasibility Study Archives - Page 2 of 2 - Steier Group

Why should our organization conduct a planning study?

By Steier Tips

There has been a lot of discussion recently, on blogs and in trade journals, as to the value of a planning study for an organization that is about to embark on a capital campaign. A friend and former client asked for my thoughts on the matter, “Do you think planning studies are still necessary?” My answer was an unequivocal “yes.” A professional planning study is critical to the success of a capital campaign. WHAT DOES A CAMPAIGN PLANNING STUDY PROVIDE? A good planning study involves questioning, measuring, testing and, above all, listening to what your donors are saying about your…

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Two questions to ask yourself before you start a capital campaign

By Steier Tips

As the calendar turns from year to year, you may be tempted to closely examine your master plan with the desire to take the next step toward fulfilling that strategic blueprint. Such intentions, designed to ensure or enhance the integrity of an organization’s mission, invariably lead to a discussion of a capital campaign and the best time for leadership to accept a major undertaking. Before moving forward and accepting the challenge, all nonprofits need to answer two capital campaign questions. First, study the validity of the project. Whether considering the construction of a new building, the expansion of the current…

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Is this the right time for a capital campaign?

By Steier Tips

It’s often the first question I am asked when I sit down with a potential client, “Jim, are we ready for a campaign?” The question, in theory, should be a straight forward “yes” or “no.” But as anyone who works in development knows, there are far more factors to be considered before you can make an educated answer. As you begin to consider the possibility of a capital campaign, do a quick inventory and ask yourself a few questions, but make sure you give honest answers. It’s a simple and quick exercise that will benefit you in the long run….

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