In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Ron Schiller, Founding Partner and Senior Consultant at Aspen Leadership Group. In a detailed exploration of the dynamics within nonprofit organizations, particularly between the Chief Executive Officer (CEO) and Chief Development Officer (CDO), the podcast looks at the evolving landscape of fundraising and leadership. The discussion underscores the critical nature of the CEO-CDO partnership in not just propelling the organization's fundraising efforts but also in enhancing the job satisfaction of both roles. The dialogue reveals that successful fundraising is increasingly seen as a collaborative endeavor that demands a deep understanding and appreciation of each other’s capabilities, highlighting the shift towards a more integrated approach in leadership roles within the nonprofit sector.

The podcast also sheds light on the changing expectations placed upon CEOs regarding their involvement in fundraising activities. It notes a significant increase in the time CEOs devote to fundraising, reflecting a broader trend across various sectors of the nonprofit industry. This evolution signifies a growing recognition of the importance of fundraising proficiency in the selection and performance of CEOs. Furthermore, the conversation brings to attention the expanded role of CDOs that extends beyond mere fundraising to encompass a wide array of responsibilities such as board engagement, financial planning, and internal politics navigation. This expanded scope underscores the need for CDOs to possess a diverse skill set to effectively manage the complex facets of development and organizational growth.

Finally, the podcast emphasizes the importance of adopting an approach to fundraising, advocating for a shift away from traditional transactional methods towards a model that views philanthropy as a partnership. This paradigm shift aims to mitigate common apprehensions toward fundraising by fostering a collaborative environment that aligns the interests of the organization with those of its donors. Through sharing insights and engaging in honest communication, CDOs are encouraged to serve as vital liaisons, facilitating a deeper understanding of the organizational landscape for their CEOs. This approach not only enhances the fundraising process but also enriches the overall organizational culture, paving the way for more successful and fulfilling partnerships.

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Coco Xiaonan Kou, Managing Director of Research at the Lilly Family School of Philanthropy, who discusses the Global Philanthropy Tracker, a comprehensive research project. The Global Philanthropy Tracker aims to understand cross-border philanthropic outflows from 47 countries, covering various stages of economic development. Unlike traditional measures like official development aid, the Global Philanthropy Tracker compares philanthropic giving to other major financial resource flows, highlighting the increasing role of private philanthropy in addressing global societal issues.

Coco explains that the Global Philanthropy Tracker's significance lies in its ability to quantify the impact of philanthropy on global development, showcasing its growth over the past decades. Despite challenges such as limited data availability, the research team's collaboration with international partners and thorough data collection methods ensure a holistic picture of cross-border giving. The podcast emphasizes the importance of understanding philanthropy's role alongside government aid, particularly in the face of crises like the COVID-19 pandemic, where philanthropy has shown resilience.

Moreover, the podcast discusses the implications of the Global Philanthropy Tracker findings for fundraisers and policymakers. Fundraisers can leverage the report to demonstrate the importance of supporting local initiatives and effective communication with funders. Meanwhile, policymakers can use the Global Philanthropy Tracker to understand the collaborative nature of global philanthropy and design policies to improve the environment for cross-border giving. Coco also calls for contributions from listeners to enhance future iterations of the report, underscoring the ongoing need for data to further understand and support cross-border philanthropy.

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Otis Fulton, Ph.D., Vice President of Psychological Strategies at Turnkey, who discusses the intricate dynamics of donor motivations. He highlights a significant finding: engagement in nonprofits can positively impact life expectancy, underscoring the personal benefits donors derive from their involvement. Fulton challenges the conventional wisdom that giving is primarily driven by the organization's mission, asserting that donors are motivated by their own experiences and the social validation they receive from participating in charitable activities. Through his insights, he reveals the complexity of human behavior, emphasizing the role of social comparisons and the desire to maintain status within social groups as key drivers of charitable giving.

Moreover, Fulton addresses the pressing issue of income inequality and its implications for fundraising efforts. He notes a concerning trend where lower-income individuals, despite potentially having a higher propensity to give, may feel economically marginalized and less inclined to donate. This insight underscores the importance of inclusive fundraising strategies that reach donors across all income levels. Fulton advocates for approaches like peer-to-peer fundraising, which not only engage donors but also provide opportunities for them to connect with the organization's mission on a personal level, thus fostering long-term relationships.

Lastly, Fulton emphasizes the need for fundraisers to shift their focus from immediate returns on investment (ROI) to the long-term value of donors. He argues that while ROI is relevant in the for-profit world, the nonprofit sector should prioritize cultivating lasting donor relationships. By adopting a holistic view of fundraising that emphasizes lifetime donor value, organizations can ensure sustained support and engagement from donors, thereby fulfilling their mission more effectively. Through his holistic perspective and practical advice, Fulton offers fundraisers valuable insights into navigating the complexities of donor motivations and building successful fundraising strategies.

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Jon Bergdoll, Associate Director of Data Partnerships from the Indiana University Lilly Family School of Philanthropy, who offers insights into the expected trends in charitable giving over the coming years. Jon discusses a study that looks at the intricate relationship between economic factors and philanthropic behaviors. While emphasizing the importance of fostering strong donor relationships, the discussion highlights the significant influence of economic indicators, such as wealth metrics and personal income levels, on shaping charitable contributions.

The study forecasts a 4% growth in total charitable giving for both 2024 and 2025, adjusting for inflation, indicating stability in the philanthropic landscape despite recent economic fluctuations. Notably, foundations are expected to experience robust growth, driven by the expansion of their asset bases. Projections suggest a substantial increase in foundation grants by 10% in 2024 and 5% in 2025, underscoring their pivotal role in driving philanthropy forward.

Conversely, individual giving is anticipated to grow at a slower pace of around 3% annually, reflecting broader economic trends such as wage growth and income disparities. Corporate giving is also expected to rise, albeit at a more modest rate compared to foundations and individuals.

The episode emphasizes the importance of incorporating inflation into fundraising budgets to ensure nonprofits remain financially resilient amid an evolving economic landscape. Overall, the episode provides valuable insights into the complex interplay between economic factors and charitable giving behaviors, offering strategic guidance for organizations navigating the philanthropic landscape in the years ahead.

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Mark Ottoni-Wilhelm, Ph.D., professor of philanthropic studies at the Indiana University Lilly Family School of Philanthropy, who discusses the pressing issue of declining charitable giving in the United States, especially among younger demographics.

The episode covers an experiment researchers conducted using fundraising materials from a nonprofit organization to measure the effectiveness of different messaging strategies in attracting new donors and retaining existing ones. The experiment compared the impact of two main messaging strategies: a video showcasing the nonprofit's work and an email describing the hardships faced by its clients.

Results revealed that the video message was significantly more effective in increasing donor connections, particularly among women, while the email's impact was negligible. Importantly, the study highlights the need for fundraisers to be mindful of unintentionally evoking negative feelings in their messaging, as this can undermine effectiveness. By understanding the emotional and moral responses of donors, fundraisers can design more impactful and engaging campaigns.

Overall, the podcast underscores the importance of innovative approaches to donor engagement in the face of changing trends in charitable giving. By leveraging research-based insights and understanding donor behavior, fundraisers can adapt their strategies to effectively attract and retain donors, ultimately advancing the missions of nonprofit organizations in a challenging landscape.

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Katrina VanHuss, Founder and Partner at Turnkey. Katrina highlights the critical shift away from transactional donor interactions towards fostering genuine connections among donors themselves, emphasizing the need to move beyond one-way communication models.

The conversation underscores the common oversight in nonprofit strategies, where considerable resources are invested in communicating with donors but little attention is given to enabling donors to engage with each other. Katrina explains the profound impact of community-building efforts, which not only deepen donor engagement but also foster trust and loyalty towards the organization and its mission. Drawing on examples like Relay for Life, the episode illustrates how nurturing a sense of community among donors can lead to significant fundraising success and provide invaluable support to individuals facing personal challenges.

The episode advocates for a strategic shift in fundraising practices, urging fundraisers to integrate community-building initiatives into their strategic plans. By understanding the operational dynamics of building donor communities and recognizing the tangible benefits it brings to both donors and the organization, fundraisers can enhance their effectiveness and achieve sustainable fundraising goals.

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Jay Love, Co-Founder and current Chief Relationship Officer of Bloomerang. Jay emphasizes the necessity of prioritizing donor stewardship to improve retention rates. He suggests personalized approaches such as handwritten thank-you notes and phone calls, as well as involving board members in expressing gratitude to donors. Additionally, Jay stresses the significance of recognizing donors of all gift sizes, as major donors, although constituting a small percentage, provide the majority of funds. By implementing comprehensive stewardship strategies, organizations can build stronger relationships with donors and mitigate donor fatigue.

The episode highlights the nonprofit sector's deplorable state with an average retention rate of only 43-44%, significantly lower than what is required for commercial businesses to thrive. This discrepancy is attributed to various factors, including high turnover rates among fundraising professionals and a lack of expertise in donor nurturing among board members. Despite the immense importance of retaining donors, many organizations find themselves on a constant treadmill of seeking new donors rather than fostering relationships with existing ones.

The episode underscores the importance of treating donors as valued members of the nonprofit's family and acknowledges the need for consistent communication and recognition. Strategies such as segmenting donors and maintaining a communication plan are recommended to ensure that donors feel appreciated and engaged with the organization's mission. Ultimately, fostering a culture of gratitude and stewardship can lead to higher donor retention rates and sustained support for the nonprofit's initiatives.

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Erinn Andrews, the founder and CEO of GiveTeam, a consulting firm specializing in philanthropic advising. Andrews identifies a crucial gap in the philanthropic advising profession, particularly in supporting donors in the top 2 to 10% bracket. While much attention is given to the top 1% of donors, those in the slightly lower bracket often lack tailored support despite their significant contributions. Recognizing this opportunity, Andrews established GiveTeam to cater to the needs of this segment and unlock their hidden generosity.

Andrews explains GiveTeam's advising model, which focuses on guiding donors through a reflective process to develop a charitable mission statement aligned with their values. Additionally, the team assists in structuring financial strategies and presents nonprofit options based on donors' priorities. By addressing the challenges donors face in strategic giving, GiveTeam aims to empower them to make more informed and impactful philanthropic decisions.

The discussion emphasizes the importance of ongoing engagement and stewardship post-donation. Andrews underscores the need for nonprofits to maintain regular communication with donors, providing updates on how their contributions are making a difference. This approach not only fosters stronger donor relationships but also encourages continued support and potentially increased giving over time. Through thoughtful reflection, personalized advising, and effective stewardship, GiveTeam seeks to maximize the philanthropic impact of donors in the top 2 to 10% bracket.

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Gene Tempel, Ed.D. to discuss the foundational aspects that drive the success of nonprofit fundraising efforts. Central to the discussion is the concept of the "case for support," which underscores the necessity for nonprofits to articulate a clear and compelling rationale for their fundraising initiatives. This rationale is not just a narrative but a strategic alignment of the organization's mission with societal needs, serving as the cornerstone for both annual and capital campaigns. The emphasis is on the importance of this case for support, especially in capital campaigns, where the urgency and scope of fundraising are magnified to meet specific organizational expansions, such as new facilities or equipment, which directly address pressing societal needs.

The conversation broadens the understanding of capital campaigns, challenging the notion that they are exclusive to large entities like universities or hospitals. It is argued that capital campaigns are a viable strategy for nonprofits of all sizes, including local theaters and homeless shelters, all of which may require significant resources to expand their services or infrastructure. This inclusivity highlights the versatility of capital campaigns as a tool for organizational growth across the nonprofit sector. The dialogue underscores the importance of strategic vision in these endeavors, positing that a forward-looking perspective, one that promises an improvement over the present state, is critical in mobilizing donor support and achieving the campaign's objectives.

The podcast also addresses common pitfalls and misguided motivations that can derail fundraising campaigns, such as initiating a campaign based on envy or a perceived need to match the efforts of others without a solid case for support. Such motivations risk the credibility and effectiveness of the campaign, underscoring the need for a well-founded rationale rooted in the organization's mission and societal contributions. Moreover, the episode illuminates the broader impacts of successful campaigns, beyond financial achievements, highlighting how they can energize stakeholders, enhance the public image of the nonprofit, and lay a solid foundation for future growth and impact. This comprehensive discussion offers valuable insights into the strategic planning and execution of fundraising campaigns, emphasizing their critical role in enabling nonprofits to fulfill their missions and address societal needs effectively.

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Gasby Brown. They explore the critical topic of succession planning in the realm of fundraising. The discussion centers on the challenges organizations face when key leaders, such as the chief executive officer or chief development officer, depart, leaving behind important donor relationships. The central theme is how to ensure a smooth transition and maintain fundraising efforts during leadership changes.

Gasby Brown emphasizes that succession planning should be a proactive and strategic process, not a reactive replacement of leaders. It involves identifying and nurturing potential leaders from within the organization, ensuring a strong bench of capable individuals who can step up when needed. Brown also stresses the importance of ethical practices, emphasizing that donors support the mission of the organization, not individual leaders. She recommends sharing donor information with the team and introducing them to donors during the transition to foster a sense of team spirit.

Inclusive leadership, where leaders involve their teams in decision-making and empower others, is highlighted as a key element in ensuring the organization's continuity and strength after a leader departs. The podcast underscores the ethical responsibility of leaders to develop successors and to focus on the greater mission of fundraising and philanthropy. Overall, it provides valuable insights into the importance of succession planning and maintaining donor relationships during leadership transitions in the nonprofit sector.