Donation Management for the Finance and Development Director
Posted by La Salle Nonprofit Center on October 30, 2017
Responsibility and accountability to donors falls to both the development and finance managers. Effective managers recognize that they are stewarding each donor, from the first gift, through the life of the relationship. Both fundraising and finance staff must understand and appreciate what is involved in the management of grants, individual donations and corporate gifts, and in recent years, crowdfunding and online contributions.
This requires mastering the budgeting process, the different requirements and expectations for various gift vehicles, the management of expenses and the role of recognition and accountability. It also demands that both sets of players understand each other’s roles and learn to communicate effectively, speaking each other’s languages.
Accurate, ethical and legal contribution management means satisfying donors, regulators and program staff and creates opportunities for future gifts. Just as you have a plan for raising funds, you need a plan for managing them as well and there must be a strong partnership between the development and finance staff that ensures accuracy, continuity and accountability to the funder. Real world examples will enable you to understand the significance of what’s included in budgeting, managing expenses, creating positive donor relations, trouble-shooting potential problems to secure future support.
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