A presentation by Bob Thomas at Michigan State University that discusses ways to increase donor satisfaction and donor loyalty. Great Stewardship leads to greater support!
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MICHIGAN STATE UNIVERSITY
Maximizing Your Stewardship Program
Key Fundamentals and Best Practices for Successful Donor Engagement
Bob Thomas
Executive Director
Advancement Marketing & Communications
2020
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MICHIGAN STATE UNIVERSITY
Agenda
The Fundraising Continuum
Some Donor Insights
Donor Expectations
The Stewardship Process
Setting the Right Priorities
Measuring Success
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MICHIGAN STATE UNIVERSITY
Why do Donors Give?
They Want to Make Meaningful Change
They Want to Help Others
They Believe in Your Organization’s Mission/Goals
They Trust Your Organization
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MICHIGAN STATE UNIVERSITY
Why Do They Stop Giving?
They Stop Trusting Your Organization
You Don’t Use their Gifts in the Way that was Intended
Your Organization’s Mission or Goals Change
Change in Personal Financial Position
Lack of Appropriate Recognition
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MICHIGAN STATE UNIVERSITY
What do Donors Expect?
Prompt, Personalized Acknowledgment of their Gifts
That the gift was received and you were pleased to get it
Knowledge that their Gift Was Put to Work as Intended
Greater accountability on how donations are being used
The project or program the gift was sent to is having the desired effect
Formal Stewardship Report
Organizational Publications Such as an Annual Report
Measurable Results on their Gifts at Work Prior to Being Asked for Another
Contribution
Donor Centered Fundraising(2003), Penelope Burk
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MICHIGAN STATE UNIVERSITY
What do Donors Expect? (continued)
Top Donors Want to Feel Like an ‘Insider’
Stewardship is Not Equal
Treatment that Indicates the Donor is a “Special Friend”
More Information on What the Organization is Doing
Memo from Staff Member or Volunteer Working in the Field
Personal Update from or Access to CEO Or Board Member
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MICHIGAN STATE UNIVERSITY
Some Sample Stewardship Tools
New Member Welcome Packets
Honor Rolls of Donors and Annual Reports
Cards and Letters
Anniversary, Birthday, Holiday cards hand signed by key players
Recognition Gifts
Depending on commitment size
Events to Recognize Donors
Special Reports from Organizational Leadership
Invitations to other Special Events, Annual Meetings, etc.
Advance Ticket Sales, Special Seating
Advance Notices of Upcoming Events, ‘Inside’ Information
Donor Stewardship Done Right 2010, Katherine Swank, JD
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MICHIGAN STATE UNIVERSITY
10 Steps to Better Stewardship
1. Develop your stewardship “stump speech”
How are gifts being used?
$1,000 allows us to…
2. Map your donor stewardship process to look for weaknesses
and opportunities
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MICHIGAN STATE UNIVERSITY
10 Steps to Better Stewardship (continued)
Develop a System to get “Personalized” Thank You Letters Out
in Less than One Week –Make it Timely
Refresh Content of Thank You Letters, Segmenting for Donors
Giving to Different Programs –Make it Sincere
Personally Thank a Donor Every Day (More than Good
Stewardship, it’s Good for Fundraiser Morale)
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MICHIGAN STATE UNIVERSITY
10 Steps to Better Stewardship (continued)
Tier Your Stewardship Where Appropriate: Provide Special
Access or Special Privileges for your Top Donors
Create Ways for your Donors to “Experience” your
Organization (easier for some than others)
Personalize Your Asks –Especially for Donors/Non-Donors
Continuously Evaluate Your Stewardship Practices
Don’t be Satisfied Until Your Donors Expectations of You are
Exceeded
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MICHIGAN STATE UNIVERSITY
Assessing Your Stewardship Efforts
Do You Have a Written Plan?
Does Your Plan Include Written, Phone and In-Person Components?
Do You Have a Dedicated Budget for Stewardship?
Do You Look For Ways to Better Acknowledge, Recognize, and Report to Donors?
Do You Gather Donor Feedback?
Do You Network With Others to Exchange Ideas?
Do You Gather Examples of Great Stewardship Components on a Periodic Basis?
Are you Measuring Your Results?
Donor Stewardship Done Right 2010, Katherine Swank, JD
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MICHIGAN STATE UNIVERSITY
Guiding Questions of Research Project
How do donors feel about their gift(s) to MSU?
What are donor feelings about how gifts are
acknowledged/recognized?
If a donor has established an endowment with MSU, how do
they feel about communication regarding that endowment?
How do MSU’s stewardship practices compare to those of
other philanthropic organizations donors support?
26. 26 www.simpsonscarborough.com
Mementos – Agreement Levels
Scale: 1=Strongly Disagree, 2=Disagree, 3=Agree, 4=Strongly Agree
Please indicate your level of agreement with each of these statements.
22%
13%
5%
3%
54%
46%
19%
13%
19%
32%
54%
58%
5%
9%
23%
26%
0%
10%
20%
30%
40%
50%
60%
70%
% of Respondents
I generally keep my
mementos in prominent
positions in my home or office
I generally value the
mementos I receive
Delivery of mementos as important
as mementos themselves
I would like to have the
memento personally delivered
Strongly Agree
Agree
Disagree
Strongly Disagree
27. 27 www.simpsonscarborough.com
Mementos - Location of Last Memento Received
What is the exact location within your home or office of the last memento you received from the University in acknowledgement of
your support? (N=679)
What is the exact location of the last memento you received
from the University in acknowledgement of your support?
Top Mentions
Location Number of Mentions
office 142
home office 97
bookshelf 89
desk 87
living room 71
shelf 54
den 43
family room 36
wall 36
home 24
library 23
mantel/fireplace 18
study 17
display case 17
with other MSU memorabilia 15
kitchen 13
bedroom 12
table 11
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MICHIGAN STATE UNIVERSITY
Summary
Audit your Program
Build your Plan
Make it Personal
Thank – Thank – Thank your Donors
Measure your Efforts