Campaigns, This Side of the Recession
A Marts & Lundy report recently highlighted the drop in major gifts to colleges and universities this year, and made recommendations that institutions embarking on a campaign expect to rely on fewer multimillion-dollar gifts and concentrate on securing more contributions of under a million. This report came quickly on the heels of statistics from The Chronicle of Philanthropy showing that 2009 to date has seen six gifts over $50 million, compared to 31 in 2008 and 43 in 2007. Given these numbers, we asked Bruce Flessner, principal at Bentz Whaley Flessner and a leading consultant on institutional advancement, to offer his insights on the best decisions development officers can make right now in positioning their shops for the climb out of the recession. Despite the reports on a slow 2009, Flessner emphasizes the need to focus on pursuing major gifts again. Look 6 Months Ahead, Not 6 Months Back “First,” Flessner suggests, “you need to understand that the recession is coming to an end, so focus on the next six months, not the past six months.” The slew of reports coming in about the slack in major gifts in 2009 may be frightening, but the focus needs to be on […]