Salsa Labs reports:
"A formalized major gift proposal, whether mailed in a letter or delivered in presentation format, has to hit certain beats. These written major [gift] proposals are the conclusion of all of your cultivation efforts. They are informed by everything you have learned about the prospect in preceding meetings. If you’ve researched major gift asks, you have likely seen that speaking with the prospect in person increases your chances of securing the donation...However, there are some situations when a formal proposal letter is the best option. If you have a small team with limited resources and little time to spend, you probably can’t book all of their days up with introductory meetings, exploratory meetings, and solicitation meetings. Instead, follow proper cultivation and you can have your team craft a major gift proposal letter...Even if you end up making a formal presentation rather than sending a letter, it is still beneficial to be familiar with the writing strategies. During a presentation, the written proposal can help guide your ask as you walk through it with the prospect, and it can be a good take-home document for the prospect turned donor...Asking for a major gift is a delicate task. Even to your wealthier donors, the size of a major gift is significant and warrants careful consideration and thought. Because of that, your prospects need very specific, customized solicitations to get them over the finish line. Nothing will turn away your prospects sooner than an impersonal approach. That starts with the letter’s salutation and builds through the various language within the proposal...Open with a direct address, to not only the donor’s name, but [also] the donor’s preferred name. Is this the kind of donor who prefers to be formally addressed as Mrs. or Mr. So and So, or is this the kind of donor that immediately asked to be called by their first name? What about a Richard who goes by Rich? You’ll learn all of that, track it in your CRM, and put it to good use when it comes time to write up the proposal. Carry that attention to detail throughout the entire proposal. The rest of these tips are going to highlight exactly how you can do that...You want to open by thanking the donor for any previous gifts and/or involvement with your organization. Many times, major gift prospects have been flagged as strong candidates from their spots in your donor pool. Donor loyalty is a major giving indicator and frequent past donations are markers of donor loyalty. With that in mind, there’s a good chance that your major gift prospect will have already contributed to your organization in some regard prior to ever starting the major gift solicitation process. Acknowledge the prospect’s past actions and compliment them on the good work they’ve done. Prospects will be much more receptive to an ask if it follows a genuine acknowledgment of their prior philanthropy with your organization. Why would they make bigger contributions if you don’t even appreciate their previous gifts? If a prospect has never contributed to your cause before, you can still be complimentary of their giving behavior. You aren’t pulling these major gift prospects out of thin air. Inherently, a qualified major gift prospect has a philanthropic history, even if it isn’t with your organization. When a prospect hasn’t donated to your organization before, acknowledge their charitable history...Once you know a prospect’s interests and charitable propensity, that should guide the case for your cause. You want to pair your proposal with the philanthropic impulses of the prospect. If your organization works for an environmental cause and you learn that the donor is interested in working with youth, make sure you speak to the sustainability presentations that your team gives at local schools. This part of the proposal is essentially your chance to demonstrate how your mission and your prospect’s interests align...You can’t look at a prospect and proclaim, 'You must give X amount to the general fund,' or 'Donate Y amount to this brand new program we’re launching next spring.' Donors do not want to be and should not be told what to do with their hard-earned money. You can guide them with how you present the options, but you need to give prospects a selection to choose from. In this step, you’ll summarize the various programs and efforts that are in need of assistance...Now is the time to lead the prospect to the program that would be the most beneficial for both them and your organization. It’s also the time to make the direct ask. Your ask should:
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