Theory: Why Prioritize Your Donors?
Why and How Should You Prioritize Your Donors and Funding Sources?
VIDEO
Upcoming
Your Resources Are Limited
Your resources — in terms of time, energy, and capacity for follow-up — are not unlimited. Even if your mapping identifies dozens of donors or funding mechanisms, you cannot pursue all of them at the same time. A scattered approach could undermine the quality of your efforts and your credibility.
Why Prioritize?
- Contacting too many donors or pursuing too many funding mechanisms at the same time spreads your efforts too thin.
- Every relationship or fundraising campaign requires a significant investment: research, tailoring, follow-up, and evaluation.
- A focused strategy maximizes your chances of success and impact.
Key Questions for Effective Prioritization
Strategic Alignment
Which donors are most closely aligned with your programmatic objectives, including your sectors and geographic areas?
Available Funding
Is the amount you are seeking appropriate for your financial strategy — not too small and not too large? What level of co-financing is required?