The Downside of the 90/10 Rule in Fundraising

If you’re afraid to look at your 401(k) balances lately, join the club.  The stock market has been in a rut (officially called a trading range) for many months now, and your balance is likely to be significantly lower than it was two short years ago.  Rising interest rates have been blamed for everything from […]

5 Benefits of Outsourcing Your Nonprofit Resource Development Services

Representation of Resource Development Services filling a staffing gap

Nonprofit resource development requires significant investments of time and energy from a nonprofit’s staff. As a result, even organizations with large teams may find it challenging to assess and restructure their fundraising infrastructure to maximize their ability to capitalize on existing opportunities and keep pace with changing funder dynamics.  The capital campaign consultants at Convergent […]

The Role of Education in Talent Attraction

Picture of a large, empty university classroom

“Education is now the #1 economic priority,” according to Don Gilman, CEO of Ignite College and Career Academy in Georgia. In the past, most economic development organizations focused their efforts on creating jobs and capital investment. Today, the pandemic’s “Great Resignation” coupled with the high level of Baby Boomers retiring has businesses struggling to fill […]

Funding DEI Initiatives in Your Community

Picture representing a Diversity, Equity, and Inclusion initiative

As diversity, equity, and inclusion (DEI) efforts take more of a front seat in economic development strategy and growth, we’re seeing communities benefit from these efforts and funders start to expect them when reviewing future plans. We have managed capital campaigns for EDOs and Chambers of different size and scope that have taken very different […]

Using Community Planning & Infrastructure Investment to Become More Competitive

Person riding bike down a road in a community with strong infrastructure

Meeting your community’s existing needs while laying the groundwork for its anticipated need is more critical than ever. Meanwhile, the concept of infrastructure is evolving. In addition to being functional, capital improvements now need to be aesthetically pleasing and sustainable. They must also be planned, executed, and publicized to make the community feel more connected. Strategic […]

Proving ROI in Funding Quality of Place Improvements

Picture of an attractive downtown building with improvements from a capital campaign

Proving ROI for quality of place improvements typically centers around job creation and talent attraction. Economic development organizations understand that if their community does not have the workforce, they will likely not attract new companies to their area or see expansions in their local industries. A community’s quality of life and quality of place quite […]