Stop Wasting Your MGO’s Time!
You wouldn’t….
And I could go on and on with what you would not do.
But every single day here at Veritus, we hear about authority figures doing this very thing with their frontline fundraisers: MLOs, MGOs, and PGOs. They’re being pulled off the frontline, where they can make their biggest contribution, to do mundane back-office work or sit in meetings. What a waste of time and resources!
When you ask your frontline fundraiser to do non-caseload work, you’re taking money right out of your organizational pocket.
Let me explain.
Let’s say you have a major gift officer (MGO) who has a portfolio of qualified donors who collectively gave $800,000 last year. That $800,000 will turn into somewhere between $320,000 to $480,000 (40-60%) this year IF the donors remain unmanaged. This is value attrition. We absolutely know, from thousands of donor file analysis over the years, that this range is true. You will lose a lot of money if the donors are not managed.
OK, that is the first data point.
领英推荐
Secondly, your frontline fundraiser is key to retaining these funds and securing even more funds.
We absolutely know this from experience as well. So, they must stay focused on being with their qualified donors, not organizing events with your events staff, doing back-office work, sitting in non-stop meetings, running errands, etc. They must be with donors.
Look at it this way. Take the mid-point of value attrition loss – so, 50%. So, let’s say you’ll lose $400,000 from the caseload of qualified donors who last year gave $800,000. Further, let’s say you’re grabbing one-fourth of your MGO’s time for non-donor back-office work – work that someone else could do. That one-fourth of the MGO’s time means that you will not recover $100,000 of value from the donors who gave last year.
Is it worth it to you to forego $100,000 to use the MGO’s labor to do back-office work? I doubt it. So,?why are you doing it??Why are you wasting your MGO’s time with asking them to do work that’s not donor-facing? It doesn’t make sense.
This is a wake-up call to fundraising management and leadership. You want your frontline fundraisers out with donors, NOT in the office. Why? Because that’s where they can deliver the maximum economic value to your organization.
Richard
This post originally appeared on the Passionate Giving Blog by Veritus Group. Subscribe here!
I help organizations to develop highly effective Mid and Major Gifts programs | Data-driven, donor-centered fundraising approach | Philanthropy | Impactful partnerships.
2 年Such wise words! I just love the similitude with the pilot and the surgeon... so real!