April 13, 2021
Nonprofit Technology & Fundraising Blog
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March 8, 2021 | Categories Coronavirus / COVID-19 Nonprofit Resources, DonorPerfect Fundraising Software, Featured, Nonprofit News
This article is submitted by Amy Eisenstein, ACFRE.
For the last decade, I’ve written, spoken, taught, and even preached about the benefits of in-person solicitation for raising major gifts.
The success I’m seeing with virtual solicitations taking place these days has made me reconsider some of my own assumptions and question what the future of fundraising will look like.
Of course, in-person visits are off the table for now. But social distancing doesn’t mean you should stop raising major gifts. In fact, the need to raise big gifts is likely more important than ever.
So — through no choice of their own — fundraisers everywhere have made the transition to speaking with their donors and soliciting them virtually (by phone and video chat) in record numbers.
And they’re finding success — a whole lot of success.
I’ve heard from hundreds of fundraisers on my blog, on social media, and through my weekly coronavirus townhall sessions that donors are giving generously when asked over the phone and via video chat. You and your peers have raised 5, 6, and yes, even 7-figure gifts virtually.
So what does this mean for the future of fundraising?
COVID-19 and its economic impact are changing us in ways we never imagined, and in ways we probably still can’t imagine. Will it change the way we work and learn and socialize? Certainly. Will it change the values we pass on to our kids and grandkids as a result? Definitely.
This leaves us on the precipice of a new world with many questions about what that world will look like:
A silver lining to come from social distancing is that it’s forced us to transition to virtual solicitation, both over the phone and by video chat. And it’s actually working!
So that begs the question:
Will virtual solicitation continue to work in the future?If we look at the numbers, we can make some educated guesses.
This crisis has forced fundraisers to connect with donors in record numbers — in ways they’ve rarely tried before. Anecdotal evidence shows that record numbers of people are picking up the phone. Of course, it’s likely, in large part, because so many people are home. As people start to venture out and return to work, it may become more difficult to reach donors again.
However, asking virtually is turning out to be so efficient and effective that it’s certainly worthwhile to question whether we should ever go back (completely) to the way things were before our 2020 pandemic.
It was always considered the gold standard to ask in person. We may go back to that for raising the biggest gifts, but virtual solicitation is likely to be a key component of fundraising from here on out. It’s proving to be efficient and effective.
It seems to be easier to get appointments over the phone and by video chat — at least for the time being. But I wouldn’t be surprised if that continues to be true beyond COVID-19, now that so many people have been forced to become more familiar with video chat technologies (and the convenience that they bring).
There’s no travel time with virtual meetings. In the past, major gift officers could meet one or two people per day when they had in-person appointments. Now, they are able to have 3, 4, or even 5 meaningful calls per day. That’s a huge increase in productivity!
Donors are giving major gifts virtually. Is it because we’re in a crisis? Possibly. However, if you have a compelling case for support moving forward, it may not be any different than right now.
And while I don’t have a crystal ball, I believe virtual solicitation will be added to a fundraiser’s toolbox for a long, long time to come.
So is virtual solicitation here to stay? I think it’s a pretty safe bet.
If you’re still struggling to get your head around the in’s and out’s of virtual solicitation, I’ve put together a quick 15-minute video on how to pick up the phone and virtually reach out to your donors.
Are you having success with virtual solicitation? How does it compare with asking in person? Share your experience in the comments below.
Amy Eisenstein, ACFRE, is one of the country’s leading fundraising consultants. She is also the CEO and Co-Founder of the Capital Campaign Toolkit. She’s raised millions of dollars for dozens of nonprofits through event planning, grant writing, capital campaigns, and major gift solicitations. She has a real talent for making fundraising simple and accessible for her clients and followers.
How to Discover Major Donors in Your Database Today is a new guide that can help you find and engage these valuable funders in the age of social distancing. Begin adapting your major giving strategy to the new normal today with tried-and-true tips and proven tools.