The decision to launch a capital campaign is often accompanied by a crucial question: What does it cost to hire a capital campaign consultant? The actual costs can vary widely based on your campaign goal, your specific circumstances and the type of consulting firm with whom you choose to work, but this strategic investment should bring a return that advances your organization’s mission and impact in your community.
Many organizations fear that a capital campaign will negatively impact their annual fund. Capital campaigns are built on approaching your biggest and most loyal donors with a vision for your next milestone in advancing your nonprofit’s mission and asking how they will help. Will donors simply shift their gifts from the annual fund to the capital campaign?
A capital campaign feasibility study is a process that leads to future campaign success. It assesses the organization's fundraising capacity, uncovers any potential challenges that might impede the campaign's success, and gauges donor interest while educating them about the project and preparing them for an eventual ask.
Understanding the responsibilities of capital campaign consultants and the expertise they should provide to your nonprofit organization is vital. In this guide, we'll delve into the specifics of what capital campaign consultants do and why their involvement can be a game-changer for your organization.
Prospects assigned to a capital campaign’s quiet phase are all-in. They have the ability and willingness to support the vision, much like my wife did all those years ago. She was ready to marry me (yea!). All I had to do was ask. But from that moment forward, once we moved beyond our lovefest, complexity set in.
If you hire a consultant to help plan and manage your campaign, that person should prepare and train you and your committee members to make professional and successful capital campaign solicitations. We’ve had the honor to see nonprofit leaders with the right direction and training raise millions more than they ever thought possible. Take a look at our process for preparing them.
