Case Study: Hard Questions for Arts Organizations Facing Funding Challenges
Sectors: Museums and Performing Arts Organizations
Challenge: How can we increase our membership, donor base and fundraising sources?
Key Success Questions:
1. Has the Board approved a 3 year Strategic Plan?
- What are your top 3 priorities?
- Are we combining artistic “hits” with artistic “risks” that reflect our innovation and excellence?
2. Does the Executive and Advisory Boards reflect our top 3 priorities?
- Do they understand their roles and responsibilities?
3. What is the 3 year Marketing Plan that supports the Strategic Plan, mission and vision?
- Do we have specific resources to execute the plan (funding, talent, time)?
4. Who are your competitors or rivals?
- Who’s raising more money and is getting more visibility? Why?
5. How are we differentiated from your competitors in terms of programs, brand and reputation?
- For example, if my family and I have only one day, how will we spend our money and time? Why?
- What is our unique positioning in terms of our community and our field? Let’s name 3-5 clear differentiators.
- Let’s be realistic: how can we partner and cross-market for joint success?
- How do we attract new funders, media, and partners?
6. Why do our patrons and donors support us?
- Who our are most loyal supporters?
- Why do they continue to support us?
- Who should be our new supporters?
- Let’s segment them.
7. How have we celebrated success with our staff, volunteers and patrons?
Bottom Line: Fundraising challenges are a symptom of strategic marketing, positioning and communications. Let’s get the competitive positioning right to succeed in fundraising.