In addition to the primary benefit
of running a capital campaign--raising enough money
to build, renovate or acquire major equipment--there
are several secondary benefits which, in the long
run, can be more beneficial to your organization
that reaching your campaign goal. One of these benefits
is that a capital campaign usually strengthens you
future annual fund appeal. The second benefit is
that the capital campaign should help raise friends
for your organization--friends that will be future
volunteers, board members and donors. There are
three ways to use the campaign to raise friends--before
the campaign, during the campaign, and after the
campaign.
Before the Campaign: Most campaigns are preceded
by a feasibility or planning study. A consultant
will interview key community leaders and supporters
of your organization to test your case for support.
During the study, the consultant can determine any
potential trouble spots that would hinder the success
of the campaign. Often, during the study it is determined
that your organization has a poor public image or,
perhaps worse still, no public image. If the consultant
uncovers these things during the study, they can
help you “sell you case” to those who
have a negative feeling or lack of understanding
of your organization. The consultant can also determine
which people are pleased with your organization
and could become strong supporters during the campaign--key
volunteer leaders or major donors. The planning
study should always be done by an outside consultant
because it is far more likely that your potential
donors will speak freely to an “outsider”
than they would to someone on your staff, about
their concerns.
During the Campaign: The increased publicity that
is focused on your organization can be invaluable
to help raise your public image and gain donors.
Recruiting key community leaders as campaign volunteers
will increase your public image and help gain needed
publicity. Most of these key leadership prospects
will be developed during the feasibility study.
A campaign also focuses the media on your organization.
Plan your public kickoff when you have raised at
least 50-70% if your goal, so people are assured
that this will be successful campaign. Focus on
the people you serve, not just on the “bricks
and mortar” part of your campaign. Remember,
“People give to people.” Plan a big
splash when you hold your groundbreaking open house
or dedication events. You will need to have a solid
publicity plan as part of your campaign plan.
After the Campaign: Be sure to maintain good stewardship
of your newly found donors and volunteers. Keep
them on your mailing list, invite them to attend
events, recognize them for their contributions of
time and money. A study of private foundations showed
that 60% of organizations that received major support
from these foundations not only did not thank the
foundation for their contribution but, never came
back and asked for more money for future projects!
Be sure your campaign plan includes strategies to
continue nurturing the relationships you developed
during the campaign, and to continue to build on
the increased publicity.
Linda Lysakowski, ACFRE is President/CEO of
CAPITAL VENTURE, based in Reading, PA, with offices
in Philadelphia, Lehigh Valley, Schuylkill County
and Las Vegas, NV. A full service consulting firm
that specialized in capital campaigns for smaller
shops, CAPITAL VENTURE provides consulting services
for planning studies, capital campaigns and development
planning. Linda can be reached at 877-540-2896 (toll
free) or visit her website at www.cvfundraising.com.