Weekly Fundraising and Financial Planner (no. 11)

Donor Retention: Dance With The Ones Who Brung Ya: Marc Pittman discuss why non-profits need to focus more on donor retention. It’s all to easy to get enamored with new donors and forget the friends we’ve had for a long time.

Home Repair and Maintenance: What Are The Real Home Ownership Costs?:  This article would have been astonishing to me BEFORE I owned my own home. The lesson is to buy less home than you can afford because it’s going to cost more than you think.

Tim Keller: The Blessing of Giving: Tim Keller breaks down Act 20: 35 in 15 minutes. Trust me, some of your idols will be identified and the source of the desire to give revealed.

Should Church Borrow Money?: Different financial experts weigh in on this important question. I personally am very concerned with churches borrowing for capital expenses. It diverts dollars that could be used for other ministry. The Bible also tells us the the borrower is servant to the lender. Churches being subject to a bank is  scary thing. I don’t believe it’s always wrong but long-term loans seem unwise.

Are You Paying To Much To Invest In The Stock Market: Many never get into the stock market because they don’t understand it. Retire by 40 talks about how to get started investing the market with low-cost index funds. The article explains all the different fees that can eat into your earnings and how to assess a true ROI.

The video below was put together by Advent Conspiracy. I showed it at a church last week and it might be something you also want to do. It’s crazy to think how much we spend on Christmas that has nothing to do with Jesus.

Weekly Financial Platter (no. 10)

Top Totally Free Credit Report Sites: More Money Blog provides a list of free credit reporting sites and what each of them provide. If you haven’t viewed your credit report in the past year I suggest you do it NOW. I check my credit at the end of every summer to see if anything looks fishy. With summer traveling and spending on bigger ticket home items, I want to ensure my credit report still looks good.

Tithing When Your Spouse Doesn’t Approve: A thought provoking article on what to do when your spouse does not want to tithe. How should you respond? Is it ok to hide tithing from your spouse?

Should Christians Refuse to Pay Taxes When They Are Used For Abortion? R.C. Sproul Jr. tackles the issue of whether or not we should pay taxes when we know the government is using that money to fund things we don’t believe in. Short answer: yes we should.

Moving From Grants To Individual Giving: This is for non-profit leaders who depend on grants. How do move to having more individual gifts, which account for 70% of all giving in the US? I recently worked with an organization losing over half of it’s foundation support. We were fortunately able to make up for that and more through individual gifts.

All We Need is 250 Votes: Seth Godin claims email campaigns pleading for votes to qualify a non-profit or small business for a grant is a cruel form of marketing. Do you agree?

Funny video on how NOT to make a presentation:

Book Review: Power Questions by Jerry Panas and Andrew Sobel

This is a guest post from Wade Harris. Wade is collegue and fellow fundraiser. He also has a blog about men striving to be excellent husbands, fathers & leaders. You can find his blog at www.RealWade.com or follow him on twitter @WadeHarris

Power Questions: Build Relationships, Win New Business, and Influence Others

My work in fundraising is what initially drew me to this book. I am always in conversations where I am trying to learn about others. I want to know them at a deeper level. I want to know their passions so that I know if the organization I represent aligns with those passions.

After reading this book though, I believe it has lessons for everyone.

If you have relationships with other people, this book will equip you to grow those relationships. I am a dad, this book has value in helping me get deeper into my children’s lives. Power Questions will be especially helpful with my son. He’s not the biggest talker and prefers yes or no answers. Panas and Sobel are right when they say, “good questions are often far more powerful than answers.” (p. 3) If you are a leader, parent, or simply have relationships with people whom you want to influence, the reader will find many questions that produce influence. These questions get you where you need to be, without forcing people to join you.

The set-up of the book is easy and straightforward. Each of the thirty-five chapters is short and shares a story of how the question in focus has been used in a real-life situation. The chapters then conclude with a little section entitled Suggestions for How to Use This Question. This section is  a wonderful resource and what really brings the value to the book. It shares variations of the same question and also gives potential follow-up questions.

Power Questions also has some unexpected treasures in it like chapter 4 entitled, When the Sale is Stuck. In this chapter the authors explain four conditions that must exist for a sale to stick. The reader will come away with insights on how to make sure someone is ready to buy (or give in my case) without having to directly ask.

There are some “power questions,” like the chapter entitled What do you think?, that at first seem elementary. However, even such simple chapters were important reminders.

The book is filled with so many useful questions and subsequent application of those questions. Power Questions will be a lasting resource for those in fundraising and sales. I am glad I will have this book as a resource in my library.  After reading you will want to have your own copy.

You can learn more about the book at purchase it at the Power Questions website.

Weekly Financial Platter (no. 9)

Best Cash Back Credit Cards: This blog post from Free Money Finance talks about some of the best cash back cards out there. I personally have the Chase Freedom card and have for many years. I’ve also gotten the Chase Saphire card for both my wife and I on a few seperate occasions. I love credit card rewards. It’s an easy, simple way to actually make money on everyday expenses. As this Young And Thrifty posts explains I am also thankful to You People With Credit Card Debt. Without you I would have all my great credit card rewards!

Top Ten Reasons You are Broke: Wealth Pilgrim gives the top ten reasons you are broke and how you can fix it.

How Young People Learn About Non-Profits: The gist of this article is that most young people learn about non-profits from their website. I think this goes way beyond just non-profits though. Most of use choose what restaruants to eat at because of a website. We even choose our churches based on the website.

Tithing When Your Spouse Doesn’t Approve: A thought provoking article on what to do when your spouse does not want to tithe. How should you respond? Is it ok to hide tithing from your spouse?

How To Anonymously Give Someone Money: 5 easy ways that you can give money to someone else anonymously.

I just signed up to do a ToughMudder in the fall. I enjoy physical fitness but I might have overshot my abilities on this one:

 

Saying “No” to Giving Nicely

Recently a friend and I were talking about how to say no when individually approached about giving opportunities. He is a missionary candidate currently raising support, and I am a fundraiser for a University. We have both been told “no” often, sometimes nicely and sometimes not.

In case you ever need it, here are some tips for saying no to giving nicely.

1. Return the phone call/email
My missionary friend told me the most frustrating part of raising support is getting people to return phone calls and emails, sometimes from his own family! I echo his sentiments. I think sometimes we are so afraid of telling someone “no” that it  just seems easier to ignore the email or phone call. In reality, this method usually only makes the relationship more awkward. It’s like in Junior High when your girlfriend breaks up with you by ignoring you (was that just me?).

If you are not interested in meeting or giving, use one of these nice rejections:

“Your cause sounds wonderful. I’ll be honest, we are strapped financially right now. I would be more than willing to hear about your cause. Then maybe down the road when we are in a better place we can give.” 

“We appreciate your organization. Right now though our giving priorities are our church, our alma mater, and we are also really passionate about cancer research. Sometime in the future we might give to your organization, but right now your cause just doesn’t make the list of what is close to our hearts.”

“I’ll be honest, I did not have a great experience with your organization. I would be willing to tell you about it if you would like, but I think visiting us would not be a fruitful use of your time.”

Feel free to say “no” to the request to visit. The person raising funds doesn’t want to waste your time or theirs. Just be respectful enough to return an email or phone call.

2. Let them know why you can’t give
Many times the ignore method is employed because we don’t want to hurt the other person’s feelings by telling them why we can’t give. Trust me, fundraisers understand you can’t give to everything.

I actually said “no” to the missionary friend mentioned above when he asked about giving monthly to support them. Here is almost verbatim what I said: “Friend, I would enjoy giving toward one-time expenses but can’t be counted on for ongoing support at this time. Our giving priorities are our church, alma maters, and an organization for which I am on the board. We are also saving any extra income for our upcoming adoption.” 

He totally understood and we are still friends.

3. Follow the golden rule
Asking someone else for money is hard. Even after doing this for 6+ years, I still get sweaty palms when it comes to the “ask.” Be gracious and put yourself in the fundraiser’s shoes. They are in a vulnerable spot and your words, even if a “no” is involved, can really make or break their spirits. If you seek to follow the golden rule of treating others like you would like to be treated, then your heart will show, even if you reject the giving opportunity.

While I specifically wrote this for dealing with those who might be doing some form of fundraising, this can apply to almost anyone who is asking you to do something for them.

Question: What are nice ways you have said “no”? What are “not nice” ways you have been told “no” by someone else?

Don’t Vacation From A Giving Mindset

Last week I was on a “staycation” at my in-laws’. We had a grand ‘ole time relaxing, playing euchre, and talking about Pinterest. About halfway through the week my wife sat me down for a heart to heart. Biblically, you would have called this a time of “reproof”. See, I was in vacation mode. Not just from work and responsibilities, but also from this whole giving mindset. I had turned vacation into “focus on Drew” week.

So after our little talk I wrote down four goals for the rest of the week to help me keep a giving mindset. Maybe you’ll find them helpful on your vacation.

1. Spend Time With God
For me this is something I can never vacation from. If I take a day off from God you’ll know. I’m like a bear with a headache. No one ever wants to be with an angry bear, especially on vacation.

2. Don’t Worry About Work
I am one of those people who checks their email on vacationThe thought of coming back to work to tons of email is more horrifying than just checking every day. The flip side is I can become occupied mentally with work and not on spending focused time with the people I am around.

3. Ask Questions
Being a fundraiser, I ask a lot of questions and am usually pretty decent at it. I took a vacation from this essential relationship-building endeavor because it takes mental fortitude. I need to employ this skill on vacation so I can get to know the people around me and have more fun in the process.

4. Stay Disciplined
Staying disciplined over vacation entails three things. One, limiting my sugar addiction by only eating unhealthy in the evenings. Hey, you have to enjoy your vacation. Two, workout every day. Three, limit TV consumption because that turns me into a zombie. And zombies are no fun to be on vacation with.

Taking a vacation does not mean you can leave all your good, right, and healthy habits at the door. Instead, it means employing those habits toward the goals of rest, relaxation, and getting to enjoy those around you.

Weekly Financial Platter (no. 8)

5 Popular Unnecessary Expenses: I thought this was a good list. I might add a few others like cable TV, home phones, and DVD’s/CD’s/ books you don’t get at the library. When you really HAVE TO chop your budget, it’s amazing how many unnecessary expenses there are.

Staycation: Better for your wallet and the environment: This week I start my own staycation. Actually mine is more of a “mooch off the in-laws at their house staycation.” I honestly am looking forward to staying more than I usually do going. Whether you stay or go, make sure you do take vacations. They are good for you.

Why Mortgage Rates Are So Low: Even though the housing market is starting to show signs of recovering, mortgage rates continue to drop to all-time lows. Right now I have a sub 4%, 15-year mortgage. A few years ago that would have been unheard of. Right now  it’s considered high.

Find Your Asking Style: The premise of this site is that when you fundraise you have a unique style. According to their metrics I am a “go-getter,” which means I am an intuitive-extrovert. While oversimplified for sure, I thought it was a helpful tool.

A New Hire: Praise Consultants: Tim Elmore talks about why companies are now hiring “praise consultants.” It’s mainly because many in my generation seem to need an inordinate amount of encouragement and hand-holding (my boss is probably nodding). Tim has a funny video at the end that fits the theme and promotes his new book Artificial Maturity.

Birthday Giving Challenge: Lessons Learned

Last week I had the opportunity to speak to a group of professional men at The Gathering lunch series. The topic was Pursuing Real Treasure. One of the things I shared was lessons learned from the Birthday Giving Challenge. I would like to share those with you as well.

If you would like to view the Prezi I used for my talk, you can view it  here. A Prezi is like powerpoint, only cooler. If your church, small group, or cats would be interested in having me speak about this topic, feel free to contact me.

Lessons Learned from the Birthday Giving Challenge

1. Giving Is Hard
This challenge revealed my sinful nature. Most days I didn’t feel like I had either the time, energy, or desire to give. The most difficult part of the challenge was being out of my comfort zone. I changed my first diaper (and had to ask the 2-year old if I put the diaper on correctly). I picked up trash in my neighborhood, feeling very conscientious the whole time. I wrote emails, notes, and made phone calls and told people how much I appreciated and loved them. If you know me, you know sharing feelings is not my forte.

We are by nature selfish. Giving takes work and lots of grace.

2. Giving Is Fun
Once I got over my initial hesitations, I really enjoyed the giving activities. Running around in the rain pushing in shopping carts was fun. Having people truly appreciate a kind word or deed was fun. The final challenge of giving my parents gifts to represent my appreciation for them was the most fun challenge. They were touched, made obvious by my mom’s tears. I think I even heard dad sniffle once.

3. We Have More to Give Than We Think
While giving money is important, it is just ONE way to give. Most of the challenges did not involve money. Serving others with our time is a way to give. Encouraging words and notes are ways to give. We also have so much STUFF we can give: coupons for diapers to new moms, gift cards we don’t really need, clothes we can no longer wear, etc. Look around and find something you already have that you could give. Even if the other person doesn’t really want it, they will appreciate that you thought of them.

I ended my talk with this challenge and challenge you to do the same:

What is the one thing you could do TODAY for someone else? Share it and go do it.

Seriously. Write in the comments below the one thing you could do for someone else TODAY. Then report back on how it goes.

Weekly Financial Platter (no. 7)

Living To 100 and Beyond: Is it possible we could soon be living to 100 and beyond? This author thinks so and presents why and what you will need to do to be financially prepared for an EXTRA long retirement.

You Aren’t Paying Your Development Staff Enough: I add this link with some trepidation, since I work in development. This is not to complain but to point out the importance of development staff within the non-profit sector. Fundraising is not the place to skimp or cut-back.

How To Spend Your Day, Today: Great article pointing out how much we spend our day reacting instead of creating. I know I was convicted to use my time more effectively.

What Does It Mean to Become a Ten-Talent Steward?: I’ve spent quite a bit of time with Mr. John Beckett, whose story is the inspiration for this article on being a steward of what we have been given.

Leading Your Family Well: It seems appropriate as Father’s Day approaches we men take time to think about how we lead our families. I am thankful for a dad who led well, as you can see from what I said about him and my mom.

Day 30: My Parents

Steph rightfully thought it made sense that on my birthday I thank, encourage, and honor the parents who brought me into the world. We put together a box of gifts to represent childhood memories and thank my parents for their investment in my life. I had to delay posting this because we were just able to give this to my parent this past weekend.

Teacher Stuff
Thanks for instilling a desire for knowledge and education. You expected me to do my best and helped me along the way.

Workgloves
This is to represent the work ethic you instilled in me. Both of you carried multiple jobs to support our family. You also got me working at a young age throwing papers and mowing lawns. I now benefit from that work ethic as I support my own family.

Spaghetti and Sauce
My favorite meal from mom. I remember always saying that mom should open up a spaghetti shop. Thanks mom for many years of making healthy and delicious meals. I still love coming home and having all those delicacies I grew up on (cheese dip, tapioca, rhubarb crisp). Dad you get a little credit as well for making the best pancakes ever.

Sunflower Seeds
This represents the many hours you spent sitting at ball games. You were a chauffeur and cheerleader.

Straight No Chaser CD
Thanks for getting me involved in music. To this day I’m not sure why you selected the violin, but I am glad you did. You also let me add other instruments like tuba, piano, and guitar. I have had many opportunities because you instilled a love for music and performance.

Bicycle Magnet
Riding our bikes to George Wythe Park and throwing rocks in the river is one of my favorite childhood memories. I loved those bike rides. Most of all I loved spending time with my dad.

Microwave Popcorn
This was a favorite family snack. Watching an Iowa game with the kerosene heater on and eating popcorn. I loved spending time with the family just hanging out.

McDonalds Gift Certificate
Every time I had a good violin lesson mom would stop by McDonald’s for some french fries. Amazingly, I never had a bad lesson:) Thank you mom for taking me to literally hundreds of violin lessons. Thank you both for driving me around the country for competitions and sitting through an endless number  of concerts.

Emmanuel Donation
Steph and I made a donation to the Emmanuel Fund to represent the spiritual foundation you provided. While I learned much through Christian school I learned much more about a godly life through your teaching and example at home.

Mudhens Tickets
Thanks for getting me involved in sports at an early age. From swimming to gymnastics, baseball, golf, and all the rest. Sports have brought me great joy and taught me discipline. By the way, there are 4 tickets because we are coming to Toledo to join you for the game!!!

I am exceedingly thankful for my parents. Thanks for all who were able to follow along with the birthday challenge!

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