Focus On: The Economy: Determining the Ask
Tough times don't have to spell financial distress for nonprofits. You just have to know how much to ask for and how to ask for it.
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Kevin Gault
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AAFRC reports that the average annual increase in giving is 7.6 percent, but it declines to 5 percent during a recession. Moreover, giving usually accelerates during the year following a major crisis, such as a war.
For these and other reasons, it can be difficult to determine how much to ask donors to contribute. There are many fundraising formulas from which to choose. For example, a local nonprofit might determine that for a capital campaign, donors generally can give three to five times what they give on an annual basis. If a donor gives $10,000 annually, the formula states, it’s appropriate to ask for $30,000 to $50,000 for a capital campaign.
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