The advancement department’s budget is pinched, yet the pressure to raise more money continues to grow. Strategic planning is revealing a host of new priorities that all need funding.
With limited resources, how can you appropriately plan for the funding needs of your organization?
We often say “hope is not a strategy,” and in today’s economic environment, not fully understanding the capacity and interests of your donor base to fund your vision can be deadly.
In our experience, nothing has come along to replace a well done feasibility study for accomplishing three things:
Ben Franklin is reported to have said “By failing to prepare, you are preparing to fail.” Setting a goal and hoping you can reach it, is not a formula for success. Investing a relatively small amount in a feasibility study in relation to your goal can prove to be the best money you ever spent.