Looking for a billionaire donor? Here they are!
30 Sep
Looking for a large donation? Do you have a sad and unproductive donor database? Not sure where to start?
Lucky you!
Fortune has released the Top 400 list of Billionaires. You only need $1.7B to get on the list. That’s all!
So how do you get on their donation radar? Email them and as for a million or billion for your cause? Call them and hope they personally pick up the phone? Mail them the “proposal” and hope it does not go directly into the trash with the others? Or better yet – wait for the letter or postcard thanking you for thinking of them for their charitable giving and sadly explaining that their efforts do not align with your mission. What to do?
I started this blog a few years ago with a post about Magic Mike with hopes of answering this question. Magic Mike did not wait for his donors to come to the club and place (donate) dollar bills into his thrusting pelvic region. He walked around a different club before the event and cultivated his donors by talking to them and personally invited them to his event.
What did Professor Magic Mike teach us?
1. All good donor cultivation starts with a relationship.
2. If necessary, find a door opener to the person you want to cultivate.
3. Foster the relationships with the door openers because they can be as important as the ultimate check-writer.
4. It is a relationship and hand holding is necessary before you hug, then kiss, then get engaged and then married.
That’s the order – right? Magic Mike did not teach us all of the above but you get the idea of taking baby steps to meet the right people and the “art of the ask.”
I could be wrong about all of this and I’d love to hear from somebody that has received a 5-digit donation from an email or a written proposal. I want to know if anyone has ever received a large donation from a person or foundation or corporation without actually having to speak to a human. C’est impossible? Do tell!
Thanks for Fortune magazine for providing this call list for free. Now get on it and let is know how you did!
No comments yet