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Strategies and tactics for executing a Fundraising Strategy

Published about 1 month ago

The fundraising strategy for the African Astronomical Society is centered on three main approaches. First is enhancing donor engagement by establishing deeper connections with top donors through personalized communication and regular updates. For example, organizing quarterly webinars and sending personalized thank you notes within 24 hours of donations show appreciation and build stronger relationships. The second strategy focuses on expanding corporate partnerships by identifying potential industry partners and presenting tailored proposals. This may involve developing sponsorship packages or offering research collaborations. Lastly, the strategy emphasizes leveraging digital channels, optimizing the website for donations, and launching social media campaigns to reach wider audiences and encourage peer-to-peer fundraising.

The strategies

⛳️ Strategy 1: Enhance donor engagement

  • Analyse the previous year's donor engagement metrics
  • Identify the top 30 donors and create a personalised communication plan
  • Conduct quarterly webinars to update donors on society achievements
  • Develop an annual impact report and distribute it among donors
  • Implement a donor recognition programme with tiers
  • Send personalised thank you notes to donors within 24 hours of donation
  • Organise an annual donor appreciation event blended with networking
  • Regularly update the website with donor-related news and events
  • Offer opportunities for donors to engage with projects they fund
  • Survey donors bi-annually to gather feedback on their experiences

⛳️ Strategy 2: Expand corporate partnerships

  • Identify industries aligned with astronomy and space science interests
  • Develop a prospect list of potential corporate partners
  • Create a tailored value proposition for each target company
  • Reach out to companies with specific partnership proposals
  • Schedule meetings to present partnership opportunities
  • Develop sponsorship packages for major upcoming events
  • Showcase successful past partnerships with case studies
  • Offer participating companies research collaboration opportunities
  • Propose employee engagement activities aligned with corporate projects
  • Track partnership success metrics and report back to partners quarterly

⛳️ Strategy 3: Leverage digital fundraising channels

  • Optimise the society's website for donations and user experience
  • Set up monthly giving options through the website
  • Launch a social media campaign targeting astronomy enthusiasts
  • Utilise email marketing campaigns to highlight fundraising needs and stories
  • Create shareable content to encourage peer-to-peer fundraising
  • Implement Google Analytics to track online donation sources
  • Host a virtual fundraiser featuring prominent astronomers and guest speakers
  • Collaborate with influencers to promote the society's campaigns
  • Provide monthly updates on digital platforms about completed projects
  • Analyse digital fundraising data to refine strategies each quarter

Bringing accountability to your strategy

It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.

That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.

Tability Insights Dashboard

Give it a try and see how it can help you bring accountability to your strategy.

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