“How much should a board member be required to give?”
It’s a question I receive fairly often when working with all types and sizes of organizations. The short answer – it depends on your board culture.
My personal preference is not to set an amount, but ask each board member to make their best gift. If they are serving on your board, it is not unreasonable to expect to be in their top three gifts.
Two ways to approach it with your board:
Their Best Gift
Board members should feel strongly – even passionately – about your organization’s mission. Therefore, they should want to make their best gift to help you accomplish that mission. Through their perspective as a board member, they know how much money you need to make a difference and their passion should translate into a gift that makes the biggest difference possible.
Caring How it is Used
A key responsibility of a board member is the fiscal health of the organization. Board members who have made a personally significant best gift, will feel ownership of how donated funds are used. As they monitor the fiscal activities of your organization, they will see their gift at work. This allows them to shift from an “advisory” role where they are watching over other people’s money to a “service” role where they have a stake in your progress.
I would be remiss if I didn’t mention minimum gift levels. I’m not opposed to them in all situations. Many organizations have a culture that supports that approach. If it’s working for your nonprofit, stick with it. However, if you have a minimum amount but most board members aren’t giving it, it’s time to reevaluate your approach.
Board giving is a critically important topic for every nonprofit. After all, it is easier to ask other people to join you in making a difference – rather than just asking them to do it. Now is the perfect time to discuss your board giving and take action to improve it.
If you need help with your board giving plan, contact us today and we can discuss how we can help.
Many times in my career I resented the money we were spending on board gifts. Looking back, that was short sighted of me. Board gifts – those little things with your organization’s logo that you can use to express gratitude for their service – actually pay a dividend to your organization.
I’ll use my favorite Yeti knockoff as an example: it was a thank you gift for my service on a board (it was actually leftover participant gifts from a golf tournament – so check the supply closet). At the time I opened the gift, I thought “oh this is nice.” But now 5 years later, it is a powerful tool that opens many conversations about the organization.
Yesterday I took it to my daughter’s high school softball game. Lest I sound like a complete nonprofit nerd, let me assure you I selected that tumbler because I can sit in the hot Florida sun and the ice won’t melt in my Diet Dr. Pepper. But, because the Young Life logo was on the tumbler, one of the other parents asked me about it (the organization, not my cold beverage). I had the chance to talk about the mission of the organization and why we support the organization. I didn’t have to bring it up – they asked me. In any fundraising book, that’s a win-win.
Here are some ideas on how your next board gift can be a win-win for your organization:
Do they write with your organization’s pen? Do they keep an extra on hand so when someone needs a pen they can share it?
Do your board members have name tags they can wear at your events? These are cheap and easy to order, so make sure it looks nice.
Do your board members have shirts (a collared shirt for casual Friday or golf)? Hats? Some kind of apparel that makes it apparent they are on your team?
Do they drink from a coffee mug or insulated cup with your logo on it? It could also be used on their desk to hold pens.
Board gifts are a valuable tool in helping board members share the mission of your organization and allows a soft introduction to the people they see when out and about.
We’d love to hear about the best board gift you have given or received – please share in the comments below or Tweet us @SaraTampa.