All tagged feasibility study
A capital campaign feasibility study is a process that leads to future campaign success. It assesses the organization's fundraising capacity, uncovers any potential challenges that might impede the campaign's success, and gauges donor interest while educating them about the project and preparing them for an eventual ask.
It is easy to find the biggest capital campaign consultant, or the one with the most experience in your market, or the one that employs your board president’s niece. But finding the best fundraising consultant for your project will take a bit more time.
Hiring an experienced consultant to conduct your feasibility study interviews and analyze the results is an efficient approach to gathering this information and finding out if your campaign goal is reachable. However, we believe a comprehensive feasibility study should do much more to fully prepare you to enter a capital campaign.
In one of our recent workshops, a participant asked a great question: “What do you see as being the biggest indicators of capital campaign success or failure?” Money is almost always an issue, but it’s not the best indicator of your campaign’s potential success or failure. The best indicator of capital campaign success or failure is found within the leadership of your administrators and board of directors.
The benefits of conducting feasibility studies run well beyond establishing the viability of your capital campaign. They have a special way of generating interest and excitement and of capturing important data. You never know what they will produce, but when correctly run, they almost always open unexpected doors.
