Warren Buffet Shares His Philanthropic Philosophy
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For those of you who have Facebook accounts, you can become a fan of RSC by typing “Robert Swaney Consulting” or just click here. Once there, click the “Become a Fan” button. Simple, huh?
Read the posts, share your thoughts and ideas — but above all, be kind to the blogger and to each other!
Cheers!
–RSC
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In the previous article we looked at why good fundraisers are sometimes hard to find. This article will focus on what you can do to both find and keep a good chief development officer.
Now that we’ve touched on some of the themes of why hiring and retaining is often difficult, let’s discover what your organization can do to attract and retain a great CDO with staying power. Below are a few ideas:
Finding and keeping quality development leadership isn’t easy, but it is possible. Your job is to change the “possible” into the “probable” so that you have consistent staff, consistent leadership and consistent fund development growth for many years.
Bob Swaney is a successful 20+ year veteran of fundraising for the arts and is the founder of Robert Swaney Consulting, Inc. For more information, you can email Bob at rsc@rrsconsult.net or visit www.rrsconsult.net You can also become a Facebook fan by searching under “Robert Swaney Consulting”.
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I have recently noticed that arts organizations are struggling to find smart, competent leadership for their fundraising programs. Hiring a chief development officer (CDO) is becoming more difficult than ever and the recent trend seems to be well beyond anything that we’ve seen as “traditional”. It’s a serious problem that has a tremendous negative effect on our nation’s arts organizations –and perhaps you have experienced this pain firsthand.
If you are a CEO, board chair or development volunteer, then you know that — at all levels of your organization — finding good people is tough and keeping them is even tougher. But when the position is tied to generating revenue, then the effects can become more pronounced and transparent. Some statistics cite that the average tenure of an arts / cultural CDO in the arts is now two years. So, there’s a good chance that if you organization isn’t experiencing a development leadership “drought”, you won’t have to wait too long before it happens.
Let’s take a moment to unpack the problem. There are different answers for different organizations, but below are some of the common themes:
Now that we’ve touched on some of the themes of why hiring and retaining is often difficult, the next article will focus on what you can do to find and keep a good chief development officer.
Bob Swaney is a successful 20+ year veteran of fundraising for the arts and is the founder of Robert Swaney Consulting, Inc. For more information, you can email Bob at rsc@rrsconsult.net or visit www.rrsconsult.net You can also become a Facebook fan by searching under “Robert Swaney Consulting”.
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I know that many who follow this blog know and admire Elizabeth Hurley’s contribution to the fields of arts administration and fund development. Therefore, I thought I would share the great news that she has recently been named the new Executive Director for the Grant Park Music Festival. Click here to read more details. Congratulations, Elizabeth!
–RSC
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Another great Indiana-based arts organization with a meaningful national impact…please pass this along to others who might be interested. Thanks!
–RSC
Executive Vice President
The Michael Feinstein Foundation
www.michaelfeinsteinfoundation.org
The Michael Feinstein Foundation for the Preservation of the Great American Songbook is accelerating its many programs. We need an experienced leader to successfully seek and secure funding, prepare grants, and organize small to large events. You’ll meet with interested Foundations and individuals to develop meaningful relationships and synergies; and move our educational initiatives forward to bring this music to young people today and preserve it for future generations. You will work directly with our Executive Director, Chairman of the Board and with Michael Feinstein. If you love this music, have proven leadership skills and are committed to hard work and getting positive results, please contact dasadler@michaelfeinsteinfoundation.org . Location based on candidate, flexible. Position requires travel.
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In the previous article we looked at why leadership sometimes “stinks at the head”, missing their important and critical role in the fundraising process. But now, let’s test how your organization rates.
You may think that your leadership is successfully engaged in the process because there is a development committee that reviews lists and talks about how much money is “out there”. But if you can’t answer “yes” to these questions then don’t be so sure:
If you can answer “yes” to these questions, then keep moving forward – you’re doing terrific! If you find yourself answering “no” to many of the questions, then it’s time to start taking steps to actively engage the leadership so that they share the ownership of the fund development program.
There is a related issue when defining “leadership in fundraising” – who should you involve? Some organizations define it as “all board, all artistic and all executive leadership” – often called the “cookie cutter approach” because everyone is expected to do the same work. Other organizations define their fundraising leadership as, “our development committee only, plus selected leadership”. Then there are multiple scenario variations which can include an assortment of leadership involvement. I’ll leave the discussion of those definitions for another time because it does (and should) vary from organization to organization.
For now just do a “gut check” and make sure that the CDO and his / her supporting staff are active in meeting our contributed revenue goals – but that they are not alone. The first order of business is to be an engaged leadership unit so that you can indeed answer “yes” to all of the questions above and keep the “leadership head” from stinking.
A sometimes tongue-in-cheek blogger, Bob Swaney is a successful 20+ year veteran of fundraising for the arts and is the founder of Robert Swaney Consulting, Inc. For more information, you can email Bob at rsc@rrsconsult.net or visit www.rrsconsult.net .
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I’ve read that the freshness of a dead fish can be judged from the condition of its head. When a fish begins to rot, it first begins to “stink from the head”. The same can sometimes be said regarding organizational leadership in fundraising.
Once an organization hires a Chief Development Officer (CDO), the board and executive leadership often begin to rest easy. After all, now that there is someone in place to handle fundraising, everyone else can move on to other organizational priorities, right? “If the new CDO needs us, s/he will let us know”, right? In reality, I am of course being a little tough on the leadership, but please read on…
We know that most organizations don’t truly abandon their staff, but I would submit that at some sub-conscious level the CDO’s hiring is often followed with a little mental “check” in a box to signify that all things fundraising will now be taken care of by someone who is specifically put on the payroll for that very reason. It’s almost irresistible not to check off that little box!
Reality is exactly the opposite. A development director is hired to engage the board and other leadership in the fundraising program, not to replace them. A good chief development officer will see the board, the executive leadership and the artistic leadership (among others) as essential tools for creating leverage that makes the fundraising program ultimately productive. But until the leadership sees itself in that same way, the CDO has a nearly impossible task ahead.
Why is it important to engage leadership? Simply put, because leadership leads. If they actively “give and get”, if they set a vision and inspire others to literally “buy in” to that vision and if they focus on making philanthropic support a key priority to the organization, others will follow. Leadership’s active participation in – and focus on – fund development sends a positive message to the community that only leadership can send. Leadership’s lack of interest and participation unfortunately does the same…and that is when the head starts to stink!
In the next article I’ll provide some key questions to help you know whether or not your leadership is as engaged as they should be.
A sometimes tongue-in-cheek blogger, Bob Swaney is a successful 20+ year veteran of fundraising for the arts and is the founder of Robert Swaney Consulting, Inc. For more information, you can email Bob at rsc@rrsconsult.net or visit www.rrsconsult.net .
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In the previous article we looked at the initial steps to analyzing how your annual campaign is “weighted” in terms of activity and revenue. Today’s article will wrap-up the “next steps” and give you some food for thought as you go jump the shark for good!
Because time isn’t properly leveraged, many AF programs raise in excess of (a startling) 70+% of the goal in Q3-4 of the fiscal year. That means that it took six months to get the first 30% and (hopefully) momentum will spike in the following six months to secure the second half (can anyone yell, “SHARK”!?!). The loading of activities is all wrong for a safe, predictable campaign.
After you know the history of how your campaign is loaded, then start with your plan. What if you could achieve 75% of your goals by the end of the second fiscal quarter? How would you get all of the renewals, lapsed calls completed? How could you close most of the sponsorships? How about the “family” campaign (board, staff, musicians / artists / etc.)? What else can be ‘moved up’ in the frontloading process?
The beauty of frontloading is that it’s only painful one time, as you move to this new cycle (as opposed to backloading, which hurts all the time). Therefore, it’s worth figuring out and getting over the hurdles that have prevented your campaign from getting this edge.
Here are just a few of the benefits associated with frontloading your annual fund activities:
* It minimizes the financial risk
*It provides time to react for any unexpected “hits” from last year’s renewing base
*It allows for proper identification, cultivation and solicitation of new prospective donors
Frontloading takes significant planning to implement properly. My challenge to you is begin now to design a plan that frontloads your annual fund goals, activities, timeline and results, even if you can’t launch it until next year. Once you work through the planning, you’ll see how “doable” the process is. You won’t have to swim the shark; you’ll jump over him altogether.
Bob Swaney is a successful 20+ year veteran of fundraising for the arts and is the founder of Robert Swaney Consulting, Inc. For more information, you can email Bob at rsc@rrsconsult.net or visit www.rrsconsult.net .
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