The Blog of Serafina Consulting

Your Biggest Board Challenges

5/17/2018

Talking with clients and potential clients, I'd say that these are without question some of the most common comments that come up in our conversations:

- No one on our board fund raises. We don't have anyone who wants to.
- Our board members don't seem sure what to focus on. I wish they'd do more.
- Our board meets a few times a year. That's about the extent of their involvement.
- We want everyone on our board to give, but they don't always. It doesn't seem like we should have to have the same conversation every year.

Sound familiar?

Comment below with your most common board-related frustrations, and I'll pick a couple to focus on in subsequent posts!

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LinkedIn for Fundraising? A Word of Caution

2/15/2017

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An article in Albuquerque Business First today touts the use of LinkedIn as a free, easy relationship mapping tool to prospect for major gifts. While it’s not the worst fundraising advice I’ve ever heard (in a category of journalism that can often range from the tone deaf to the truly misleading), it is flawed. Here are a few reasons why you shouldn’t over-rely on LinkedIn for this task, especially for gifts that trustees will solicit:

It’s a free tool, and to a fair extent, you get what you pay for. Why? Lots of people on the site are connection collectors who accept less than meaningful links to increase their number. Call it social media ego or just plain friendliness. It’s going to cost you a huge amount of time to research and eventually weed out feeble connections that should never be considered for a $5,000 first-time campaign gift.

LinkedIn tells everyone when their profile has been viewed and by whom. Potentially makes that solicitation meeting just a little more awkward, doesn’t it?

Prospect research and relationship mapping are time intensive with any tool, and your endgame here is having a trustee successfully solicit a friend. You want to home in on quality connections like a heat-seeking missile, while ensuring that the trustee feels 100% in the driver’s seat the entire time.

So my advice – whether you have a consultant or are doing this solo – is that the quickest, most effective method is still a largely human-centered one:

Develop your wish list of dream prospects for your project. They will need to have both the dollars and the affinity for your cause. Finding them in programs and annual reports is great, but nothing is more valuable than beginning with your own database of past donors.

Request a prospect meeting with your trustee. Tell them it will definitely take an hour, and ask them to export and bring the list of their LinkedIn contacts. (Instructions here.) If they decline to do this, it’s probably telling. Ask if they have other contact lists, including board lists from their other top priority organizations, to bring.

You have two lists to review during the meeting: your dream list and their contact list. They will automatically gravitate to the names that they would feel good about soliciting. My experience is that several more names will come up that aren’t on either list –- the real value of this conversation is jogging your trustee’s memory about who might be a good fit.

Ideally you want to identify 5-10 people they could solicit. Now delve into who those people are, what size and type of gift they might give if really energized, and sketch out a plan to cultivate and ask them. At a minimum, this should involve the trustee inviting each prospect in to experience firsthand the current work that you do, followed by an in-person solicitation in the weeks after.

Make certain your trustee understands the true nature of peer-to-peer giving: They can only solicit gifts of the same size or less than they themselves have committed to the project. If they’re close to a prospect that can afford to give far more than themselves, you will need to find a partner they can co-solicit with who is in that same target giving level. Call it law of the jungle or good manners, breaking this one can result in serious offense to your prospect that can potentially be irreparable.

Ideally every trustee should go through this process before you make the final decision about whom should solicit whom. Gather all the relationship data and determine which trustee is most likely to maximize support from each prospect – in terms of giving and strength of relationship. In many cases, two trustees can make an excellent co-soliciting team. The more energetic and enthusiastic the team, the better.

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Board Chemistry for the Win

1/11/2017

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One more place in life to cultivate balance. Namaste.

Board work is one of the most rewarding things about nonprofit development. No matter what your structure, it’s absolutely where you learn all of the big leadership lessons for your organization, and in my opinion it’s the engine that either gives it vitality - or not.

Vitality is about balancing all the right elements and getting them to play well together. Here are the five profiles of people that I think you absolutely need on your board – plus a rare one that’s a huge find.

The Anchors – people with the long view, they’ve been through more than one stage with your nonprofit and have worn multiple hats with you. Why do you want them? Wisdom. A steady hand. A reassuring presence. If you’re going through change or crisis, these are the ones you lean on. Likely your most loyal donors and fundraisers.
The Young Bright Ones – young with an impressive resume already, they’re bursting with ideas and eager to prove results. Why do you want them? Innovation. Entrepreneurism. Enthusiasm. Energy. They help remind everyone that red tape and too many rules serve no one. They want projects to sink their teeth into.
The Primes – middle-aged and at the peak of their careers, they’re very quick on their feet. Why do you want them? They’ve tested big ideas in the marketplace, know how to calculate risks, and handle success and failure. They align your organization with the people in the city/country doing big things. They’re excellent philanthropists and can be brilliant fundraisers if they’re comfortable with it.
The Independents – these are true independent thinkers. Some people might consider them rebellious or disrupters. Why have them? They arrive at their own decisions. There’s no group think, confirmation bias, or Emperor’s new clothes with these folks. They’ll be the first to tell you when a grand plan or initiative just doesn’t add up. Almost always entrepreneurs. They have a small but fiercely loyal circle.
The Socialite / Master Networker – can be any age, any gender. Why do you need them? Social currency counts for a lot in arts and culture organizations, and you can’t have fun without these people. They magnetize your organization and events, build community, grow your donor pipeline, and literally bring life to the party with their miles-long contact lists. They’re happy to be your donor and some make great fundraisers.
The Sage – a deep thinker. Quiet. Doesn’t say a lot, but when they do, they tend to blow everyone away. Very rare. They don’t seek out board roles. You have to hunt for a sage and coax them out gently with their favorite cocktail and a good book. Why find them? They’re an anchor, a prime, and an independent rolled into one. A tremendously adaptive and valuable ally.

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Your Biggest Board Challenges

LinkedIn for Fundraising? A Word of Caution

Board Chemistry for the Win

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