Nonprofit Fundraising During a Recession: A Complete Overview
Nonprofit fundraising during a recession is challenging. Fortunately, Convergent knows how to do it. “Convergent was started in the depths of the 2008 recession. We knew our approach worked and thought it would work better in economic downturns, when every nonprofit was financially challenged, whether from a decrease in revenue or an increase in demand. […]
Navigating Public-Private Partnerships
The HBO series The Gilded Age is an interesting study contrasting old New York City with the new money arrivals in the late 1880s. Wealth abounds, there are philanthropic causes to support, yet envy and social standing prohibit the combination of these wealth sources for the common good. Like this dynamic, one of the challenges around economic […]
Outputs or Outcomes? The Difference in Dollars
Nomenclature is important. The difference between communicating “outputs” and “outcomes” can lead to an increase in or lack of long-term funding for a nonprofit. Since it’s summer, I’ll use a YMCA pool example to illustrate this difference. The local YMCA may be raising money to expand or renovate its pool. The facility provides swimming lessons […]
Studies Show Now is the Time for Capital Campaign Fundraising Efforts
The economic impact of the COVID-19 pandemic will be felt long after masks are cast aside, and life is led less than six feet apart. However, recent feasibility studies conducted by Convergent Nonprofit Solutions suggest that many local economies are faring reasonably well, and fundraising efforts are still viable. In fact, the outlook is positive […]
What Does a Fundraising Consultant Do?
What does a fundraising consultant do? A Beatles lyric was my inspiration for this thought about the day-to-day role of a fundraising consultant conducting a feasibility study or directing a capital campaign. “What would you think if I sang out of tune? Would you stand up and walk out on me?” When asked what does […]
Four Vital Signs of a Healthy Capital Campaign
Is Your Capital Campaign Designed For Success? Before a surgeon can operate, the surgical team must check the patient’s vital signs to ensure they are healthy enough to undergo the procedure. Similarly, a capital campaign is a major operation impacting the financial health of your nonprofit. A feasibility study is a critical first step, checking […]