People give
to people they trust—and they give to institutions that
are successful, not to those in desperate need, said Kerry Romesburg,
president of Jacksonville University (FL), and
John D. Sellars, president of Drury University
(MO) during a Presidents Institute session. Both served in development
roles at large universities before becoming presidents. They described
for their colleagues how their previous roles have helped in their
current positions.
“If you have a small staff, you should contract with professionals
to help you with feasibility studies, electronic screening, prospect
research, and wealth analysis.” They discouraged cutting
development staff or budgets, because they can help raise necessary
funds. And they encouraged using trustees as key campaign advisors.
“Eighty percent of the total amount a college receives,”
said Sellars, “will come from 1 percent of your donors.”
Both speakers advocated involving as many people as possible in
the campaign, but cautioned against talking to the wrong people.
One basic fact, they pointed out, is that “You can only
get money from people who are involved and who have resources.
Involving prospects in your institution’s goals is a critical
element in building your fundraising tallies.” They suggested
several ways to do so: invite prospective donors to serve on special
task forces, search committees, blue-ribbon committees, and school
and department advisory boards; involve them in alumni activities
or ask them to host a presidential roundtable; and give them a
leadership role on the campaign.
Sellars advised presidents to expect that 50 percent of their
time will be committed to cultivating prospects and soliciting
gifts. Romesburg added, “Remember to make as many personal
contacts as possible. The principal fundraiser is the president,
and the major donors expect to talk to the person in charge.”