How Long Will it Take You to Raise the Money?

All too often well intentioned staff or board members will come to you, the seasoned fundraising professional asking for help securing funds for a need not originally in the strategic plan and more specifically, the integrated development plan.

These requests are usually for last minute programs, non-budgeted expenses, “silver bullet” fundraising events, and my personal favorite consultant fees… upfront payment for somebody promising to write grant requests.

When these requests come across my desk I’ll typically ask these questions:

Is the (insert urgent need here) worth alienating the donor most likely to fund the request? Not usually. If you have been properly cultivating and stewarding your donors you might have somebody interested in helping with urgent needs. If this is true, be sure to link the funding need to your mission and provide a clear case for support that resonates with your donor’s personal interests.

Why wasn’t this in our original budget? Usually last minute financial needs are not considered in the original budget because they are not essential to your ability to satisfy the organizational mission. If the emerging need is critical for organizational success, ask yourself (and the board) “what can we cut from the planned budget to fund this unplanned item?”

If we pay upfront for somebody to write grant requests, how do we keep them accountable for meeting performance benchmarks? You can’t. Staff performance should be built into the strategic plan and should be reviewed by the board at least quarterly. Adding staff or consultants to the payroll without clear performance expectations, and which are paid irrespective of performance sends a terrible message to the remainder of the organizational staff being held accountable by the strategic plan and proper board governance.

So when I’m asked “how long will it take you to raise the money?” I typically respond that it will take anywhere between four months and a year. This range varies depending on how the specific item relates to organizational mission, strategic plan, integrated development plan, budget priorities, board oversight, and donor linkage, ability and interest.

About Benjamin Mohler

Benjamin Mohler is Vice President of Institutional Advancement for the Kentucky Community and Technical College System (KCTCS). In this role, he oversees the KCTCS Office of Philanthropy and Alumni Engagement and the KCTCS Office of Grants and Sponsored Programs. With 16 colleges and more than 70 campuses, KCTCS is the Commonwealth’s largest postsecondary institution. He also serves as executive director of the KCTCS Foundation, Inc.

Mohler most recently served as assistant vice president for development at Eastern Kentucky University. His background also includes key advancement roles at The University of North Carolina at Charlotte, Cedarville University, and The University of Texas at Austin.

He earned a master’s degree in philanthropy and development from St. Mary’s University of Minnesota and a bachelor’s degree in communication arts from Cedarville University. He is a Certified Fund Raising Executive (CFRE) and has earned the Advanced Certified Fundraising Executive (ACFRE) credential. He currently serves on the ACFRE Board.

Mohler was named to Charlotte Business Journal's "Forty Under 40" in 2013 and the AFP Bluegrass Chapter honored him with their Exemplary Service Award in 2015.

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