Viken Mikaelian

“I am too busy to think about planned giving”
Giving
Viken Mikaelian

“I am too busy to think about planned giving”

Too busy? Or are you placing Planned ­Giving on the back burner, again? So many fundraisers make excuses, claiming they’ve placed planned giving on the back-burner because of tight budgets, smaller staffs and not enough time. Bull. There’s an underlying ­reason that none of us wants to acknowledge: Four years ago we asked fundraisers whether they believed planned giving is “where the money’s at.” A whopping 74% in the survey answered “yes.” But on the very next question, “Where do you spend your time?” a large number (82%) answered “raising cash gifts.” So if they know the correct answer, then why do they consistently place planned giving on the back burner? Because most fundraisers attend to the urgent, not to the important. An analogy can be made here between getting a toothache and visiting the dentist. If we never attend to the important (regularly visiting the dentist) one day we’ll have to attend to the urgent (a toothache that requires a root canal to repair). The same goes for retirement planning. If you’ve never proactively built your retirement savings (endowment), you’ll have to reactively work after you’re 70 just to make ends meet (like chasing and raising annual gifts). Hopefully not at Walmart. If fundraisers never attend to the important task of building a pipeline of planned gifts to provide a stream of long-term support, they will, year after year, waste time on the urgent task of picking up every $100 gift they can find simply to meet their quotas and keep their nonprofit afloat. And, year after year, they’re missing the fact that those consistent $100 givers make the perfect planned giving prospects. Considering the average bequest is over $68,000… I will stop right here and just say… it’s a no-brainer. Get proactive. Attend to the important, not the urgent.  It’s all about your future. PS: Here are 21 tips on launching a planned giving program inexpensively. And here are 10 tips and strategies on marketing your program. PPS: Use this interactive assessment tool to see how ready you are for planned giving. And use this one to determine just where your board is at. Categories: Giving, Planned Giving Marketing, Relationships

Read More »
Who Made the First Planned Gift?
Beneficiary Designations
Viken Mikaelian

Who Made the First Planned Gift?

Most “experts” place the practice as having been birthed in the 1970s — or maybe as far back as the ’40s. So it’s safe to say the first planned gift must have been made sometime in those decades. Right?

Read More »
How Far is Too Far?
Giving
Viken Mikaelian

How Far is Too Far?

“It’s never government, the economy, or tax laws that are our enemy. It’s ourselves.”— A CEO of a healthcare foundation, remaining anonymous.

Read More »
Annual Giving vs. Planned Giving
Planned Giving Marketing
Viken Mikaelian

Annual Giving vs. Planned Giving

Annual giving tends to focus on immediate needs. Planned giving is more focused on long-term growth. Although we need both, focusing on long-term growth creates stability.

Read More »
Thinking of Switching Jobs?
Self Improvement & Career
Viken Mikaelian

Thinking of Switching Jobs?

There is a perception that many fundraisers are job-hoppers, never staying in one role or with one organization for long.

Read More »
The Vanilla Zone. Are You In It?
Uncategorized
Viken Mikaelian

The Vanilla Zone. Are You In It?

What’s the most popular food served at conferences? You guessed it. Chicken. What’s the most popular flavor of ice cream? If you said “vanilla,” kudos again. Don’t get me wrong. There’s nothing wrong with chicken or vanilla. Although I do like both, I’m more of a seafood and habanero lover (yes, there’s even a habanero ice cream — it’s pretty good actually). But here’s the thing: Both of those options sum up what’s wrong with the nonprofit world. We’re plain. Boring. In the vanilla zone. And non-confrontational when need be. Our organizations all seem to blend together — only we can see what differentiates ourselves from our peers. Vanilla zone marketing abounds, because they’re afraid to be edgy. And that means to our audience, we all look homogeneous. Bland. Blah. Banal. Dull as dishwater. How do you ever expect to raise any real money that way? Until we make it very clear what we stand for; what sets us apart; our organizations are going to blend in with the rest of the world. Have you ever noticed that the leaders in any industry have enemies? You hear about them (the enemies) all the time. But guess what? The industry leaders’ companies earn a lot of money. And those leaders also have friends and plenty of supporters, too. That’s the part you do not hear about — because the enemies are the emotional ones who scream and shout to get themselves heard. Look around you — who is a leader? Look at comedians and politicians. Look at business owners. Look at musicians, writers, and actors. Who is “making it” and who is not? You’ll find the successful ones stand for something. They pick their battles. Unless you are loved and hated at the same time, you — and your organization — are going to be a nobody. OK … I really do not mean “hated.” But at least learn to stand out, to avoid vanilla marketing so you don’t look like a macaroni-and-cheese, everyday lunchbox meal, or perhaps a dishwasher. Learn to differentiate yourself, and your organization — otherwise, you’re going to blend into the wallpaper. And if you do not differentiate yourself, do not complain. Learn to live on what you’re making and how you’re living. Because in the vanilla zone, you’re never going to do any better.

Read More »
Focus on Consistency
Uncategorized
Viken Mikaelian

Focus on Consistency

Random acts of kindness? Pfui. How about consistent acts of kindness. Same goes for marketing… and that’s why many nonprofits fail because a little bit of this and a little bit of that …

Read More »
Relationship or the Ask?
Stewardship and Relationships
Viken Mikaelian

Relationship or the Ask?

I recently saw a post on LinkedIn mentioning that “it’s all about the relationship, not the ask.” If you want to be in the top 5% in your career, read on …

Read More »
Street Smart Marketing?
Uncategorized
Viken Mikaelian

Street Smart Marketing?

You do not need a Ph.D. All you need is Street Smarts. Look at what John Ready did at Valley Gives Back.

Read More »
Viken and Einstein Go Head to Head
Planned Giving Marketing
Viken Mikaelian

Viken and Einstein Go Head to Head

It’s true. Planned gifts really can get complicated. That’s why we have professionals like Meredith Sossman, JD; Camilyn Leone, Esq.; and Scott Janney on our team. And it’s a very good team. But when it comes to effective planned giving marketing, all you really need is street smarts and commitment. Even Camilyn and Meredith above, both lawyers, publicly admit it. However, admitting it is one thing. Putting it into practice at your nonprofit organization is another. Camilyn and Meredith get it, but most fundraisers out there don’t — and they don’t put nearly enough commitment into marketing their planned giving programs. Instead, they focus on learning all the technical details  of planned gifts. Seriously — look at all of the fundraisers taking seminars on CRUTs, CRATs and CRAPs. They even take seminars on calculators. As my old saying goes, “If you need to take a course on understanding a planned giving calculator, where does that leave your prospect?” Bored, confused, and looking for some other organization that knows how to inspire them to give. To borrow from Einstein, Effort = #PlannedGifts, doubled. Putting effort into marketing your planned gifts can result in an exponential increase in the amount of funding your organization will receive. And a good place to begin is with a plan. It doesn’t take a genius to see the logic in that. Effective planned giving marketing is not rocket science. An easy way to get started is simply by using your already-existing resources — website, any print materials, e-blasts — to mention your planned giving program (be sure to include the relevant contact information). You can also include a link under your email signature, and even mention it in your voicemail message. When you’re ready to take it to the next level, consider billboards, magazine ads, even radio and TV ads  (check with your local stations for rates). Send out postcards and other direct mail pieces. I have touched on this topic several times and I am not going to let up until our community gets it. Planned giving marketing is the key to success — and it’s too easy and important to ignore. Categories: Planned Giving Marketing, Marketing Planned Giving

Read More »