Assuming that the organization has a compelling mission and does good work, the real keys to effective fundraising are the leadership, vision and skill of the executive director; an engaged, committed and high-functioning board; and a strong working partnership between the board and the executive. If those things are in place, a development director can be successful. And if those things are not in place, even the most talented development director will struggle....
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There are many things that board members can do to raise significantly more money for their organization, in a much more effective way. Here are seven to get you started.
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If you want to raise more money for your nonprofit, it is critically important that you calculate the return on investment of every revenue-generating activity your nonprofit undertakes. This can be fairly easily understood through two basic calculations. If these two formulas were applied to every moneymaking effort a nonprofit engages in, organizations could quickly determine which activities are most profitable and reallocate scarce resources accordingly.
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