THE PREPARATION HABIT: Making the Most of Your Donor Visits

In the next two or three blog posts, I’m returning to a familiar theme—visiting donors, cultivating relationships, and securing donations. Building long-term donor relations is an acquired skill that should be exercised and perfected over time. You can’t just wander in and expect to be successful because you “really, really love people.” Nor can you build a successful career by simply working hard. If it were as simple as that, a lot more fundraisers would be a lot more successful. The truth is, there are communications, management, and organizational skills at every level that are just down right essential. In the next few posts I want to remind fundraisers about some things they probably already know—the importance of preparation, focused presentation, precision Q&A, attentive listening, personal likeability, visit evaluations, etc.

THE PREPARATION HABIT
It doesn’t matter if your upcoming meeting is with an old friend, a long-time board member, or a potential donor, you can’t just rely on your sparkling personality. You have to become a person with the habit of preparation.

You can’t just wander in and expect to be successful because you “just really love people.”

My approach to meeting prep is to know as much as I can about the context and the person with whom I’m meeting WITHOUT feeling compelled to dominate the conversation. I try to have a lot of information kept in reserve—knowledge of the donors’ business, associations, relationships, giving habits, philanthropic involvements, interests, hobbies, and habits. However, I only muster those reserves if and when the need presents itself. I’m very comfortable with donors who do most of the talking. My dad used to always say, “God gave you two ears and one mouth. Use them accordingly.” SEE: “FIVE IMPORTANT LESSONS: The Greatest Fundraiser I’ve Ever Known.”

EXAMPLES OF THE OVER & UNDER PREPARED
Three preparedness examples come to mind. One is a recent example I haven’t thought about until this article, the other two are meetings that I will never forget.

1. The Forgettable Solicitation
Several years ago a financial services firm contacted my office requesting a 2,000-3,000-word article for a fundraising publication. I write a little blog every month but certainly don’t think of myself as an established author, let alone a professional journalist. Nonetheless, I was solicited for an article. Several thoughts about the firm’s solicitation.

  • It came from a project manager unfamiliar with our firm;
  • for an article in an unnamed publication;
  • on a broadly defined topic (planned giving);
  • with a word-count two or three times longer than my existing posts;
  • that was due in a few weeks.

Of course, I think of every solicitation in terms of fundraising requests and in this case all the ways the firm was unprepared to make the ask. Apparently, they were unfamiliar with what I had previously written, my travel schedule, the appropriate contact person in our office, or (most importantly) the people who might influence me to respond to on short notice—all of which would have been relatively easy to discover. I never responded because the request never found its way to me.

2. The Unforgettable Visit
In a post a few years ago, I described a visit with a potential donor who lived in one of the “old-money” neighborhoods of Nashville. She was probably in her mid- to late-70’s, and I quickly got the impression that she and her late husband had done very well financially. I was clearly out of my depth, still learning how to talk “high-affluence”. However, the more significant problem was that I hadn’t done my homework. Having no idea what to ask, I just took a shot in the dark.

“As long as I am asking,” I said to myself, “might as well ask big. What do I have to lose?”

My question was answered pretty quickly as I began to realize that there was indeed a lot to lose. Having presented my appeal for a large gift, the elderly lady’s countenance immediately fell. I think her jaw literally dropped open. It was as if I had reached across the table and slapped her in the face.

“There is NO WAY in this world I could do that, “she gasped in astonishment. “I cannot believe you would ask me for that much money.”

I was clearly out of my depth, still learning how to talk “high-affluence”. However, the more significant problem was that I hadn’t done my homework.

Decades have past, but I can still remember that visit like it was yesterday. It was pretty embarrassing, and I was actually ashamed of my presumption and unpreparedness. No matter how hard I tried to backpedal from the request, it was no use. In following years, I would call and leave messages about an annual gift—calls she never returned.

3. The Prepared and Presumptive
There can be a weird and creepy side to over-preparedness, which was demonstrated several years ago by a visit from two representatives of a local nonprofit. I had never heard of their organization, but that’s not unusual. What was unusual was their approach. Apparently, their organization had done some research and had targeted me as a potential donor. Not too far into the meeting they shared their findings and announced that they had decided that I should make a large donation to their organization. Perhaps their presentation wasn’t that crass, but that’s the impression I got and that’s precisely how I remember it. I was simply astonished at their presumption. As the conversation continued, I became increasingly irritated. I’ve never thrown anyone out of my office, but we were definitely closing in on that event.

They had done a little preparation. But they knew nothing about me, my giving habits, or my giving interests. They just discovered that I had a little money and felt I should give them some of it.

COMMONALITY IN EACH EVENT
Here’s the takeaway from all three solicitations. When you go to a meeting or make a proposal to a successful individual that betrays your lack of knowledge about him/her, it has a kind of dishonoring effect. If you don’t have the preparation habit, you’ll eventually embarrass yourself or possibly offend current or potential donors. And it may happen more than you realize. Some donors are more easily offended than others. However, most of them are very gracious and would never make critical comments about how your presentation made them feel. But that doesn’t mean they don’t feel it or take it personally.

I’ve prepared for more donor meetings than I could ever begin to count… but have never once regretted being over prepared. You’ll never be sorry for making the habit of diligent preparation a foundation of your professional life.

Eddie Thompson, Ed.D., FCEP
Founder and CEO, Thompson & Associates
Copyright 2017, R. Edward Thompson

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