“What are your fundraising goals?” While it may sound like a simple question, especially for a nonprofit corporation, many NGO firms and charity organizations tend to struggle with the answer. In many ways, their goals go beyond the financial funding competencies where their work is simply meant to drive an overarching impact on the under-resources and under-privileged communities all around the world. As great as it is to have that longer-lasting vision, it is still incredibly broad and unhelpful within the overall operations of an organization. Like it or not, money will always play a role. Because of this, you need to have strong, well established, and well-defined tangible goals in order to see success within your fundraising campaign. Without them, the workplace can feel a bit suffocating and worrisome, especially if there is a lack of direction to help navigate your efforts in the right direction. Having a clear vision of the end-state will allow you to take the necessary steps in order to achieve success. For this to be beneficial, you need to be crystal clear idea on what you are looking to achieve at the end of every quarter.
Setting a fundraising goal is vital because it helps you establish a more collaborative mindset. While easy as it may sound, creating these fundraising goals are incredibly tough. Yes, we can all throw the goal that we want to hit a million dollars. While I will never criticize your professional ambition of hitting that top level, I will question whether or not it is plausible, especially if you’re running a small level fundraiser. When creating your fundraising goal, you want to make sure of two things. The first thing your goals should do is that it should challenge your team each and every day. Many people need that level of challenge and motivation to get them through the mundane task of the office. They need to know there is a light at the end of the tunnel and that their work is steering the train. Now, as much as you want to shoot for the stars, you also want to be tangible about your goals. This brings us to the second requirement when establishing your fundraiser goals. While it is always fun to think about hitting those fundraising makers, you have to live in the realm of reality. Not doing so can be incredibly detrimental to the overall success and growth of the campaign. As much as your goals are meant to push you, they will not be able to be reach if they are clearly unattainable.
Now, as you create these goals, you want to start evaluating the situation holistically. Many organizations make the mistake of being too broad and vague with their targets. To prevent that, you need to analyze and internalize every factor of your fundraiser. To start, analyze the data. Look at the previous success and flaws of last years campaign and evaluate the strengths and positives. From there, you and your team should meticulously breakdown the information in every which way possible. This can be from the number of donors you have to the number of financial gifts you received in that year. The more information you know, the better. Once you have consolidated that information, look at the targeted goals of the overall organization. Ask yourself what the financial cost are for said-charitable resources and implement that into your thinking. This will allow you to truly understand the figure should realistically be looking at moving forward in the future.
In addition to this, try asking yourself specific overarching questions such as: What are you trying to accomplish? Who are you trying to reach? What do you want them to understand about your campaign? These questions will provide a strong overview so that you can establish efficient and effective steps that can lead you to your goals. Think of these as mini-goals. These particular objectives are meant to help you conceptualize your path for success. To help improve this, try and make sure these steps are able to measure progress. This will allow you to analyze whether or not you are on or off track when it comes to your campaign’s achievement.