Is Your Fundraising Goal Too Big or Too Small?
Key Takeaways:
Characteristics of a Perfect Goal:
Challenging yet achievable.
Flexible and adaptable based on ongoing assessments.
Evaluation Criteria:
Align goals with project or program costs, operational needs, and leadership approval.
Account for fundraising costs, including donor recognition and cultivation expenses.
Conduct feasibility studies or opportunity assessments to validate goal feasibility with key donors and prospects.
Key Questions for Validation:
Can 80% of your goal come from 10–20% of donors?
Do you have three prospects for every major gift needed?
Does your team believe the goal is attainable?
Is your goal supported by market research and donor base strength?
Best Practices:
Set goals backed by evidence, such as donor capacity and market analysis.
Aim to increase your goal once achieved; avoid decreasing it.