Fundraising strategies

Reviewing your fundraising strategy can help you focus more clearly on achieving your aims. You might decide to look at strategic development because of

A change in fundraising staff
The need for increased income
The feeling that there are missed opportunities
A desire to explore one or more potential income streams
An awareness that existing programmes are not as cost-effective as they might be

Craigmyle’s long experience of strategic development can guide you through the process. Starting with a review of existing activity, we can establish the rationale for fundraising, taking account of future plans and resources, and draft a case for support. This is then used to assess what targets might be achievable from a range of different types of support, such as grant-making trusts, the National Lottery, companies or individuals.

Once the likely sources of funding have been determined, the next step is to identify possible volunteer leaders who might be asked to help secure donations. This begins a period of strategic development, leading to agreement of the organisation’s fundraising strategy. While the process can be run as an entirely external, objective exercise, this sometimes leads to conclusions and recommendations with little or no consensus, resulting in no action being taken. Craigmyle recommends an inclusive process whereby our consultants guide, advise and work through the planning and decision-making process with staff and trustees, building consensus and a sense of joint ownership of whatever conclusions are reached.

Depending on what has been agreed at the outset, there are usually two stages to a strategic review:

Evaluation

This could comprise

A review of all relevant written material, including that relating to recent fundraising
Selective face-to-face interviews with staff, trustees and key supporters

Developing the strategy

Development of a persuasive case for support
Desk research into the potential sources of funding available
Evaluation of different options and methodologies and the implications for fundraising resources
Production of a written report setting out options and recommendations for action
Production of a strategy, with objectives, an action plan, a detailed timetable, a risk management plan, a budget and a resourcing plan

Where next?

For an informal discussion, phone us on 01582 762441, or send us an e-mail.

 
Find out how we can help with...
Capital campaigns
Feasibility studies
Revenue fundraising
Securing major gifts
Trust fundraising
Legacy programmes
Fundraising strategies
Charitable giving and taxation
Recruitment, training & interim management