The Seven Faces of Philanthropy

Download or read book The Seven Faces of Philanthropy written by Russ Alan Prince and published by Jossey-Bass. This book was released on 1994-09-07 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a major breakthrough for the field of fundraising, Russ Alan Prince and Karen Maru File provide development professionals with the Seven Faces approach—a powerful tool to enable them to maximize their effectiveness when approaching major donors for gifts. Using this framework, the authors identify and profile seven types of major donors and offer detailed strategies on how to approach them. The seven types—the Communitarian, the Devout, the Investor, the Socialite, the Altruist, the Repayer, and the Dynast—emerged from a detailed, comprehensive study of wealthy donors. The authors explain why each type requires a different strategy when approached for gifts, and show how fundraising professionals can identify and understand the motivations of each type of donor and so build successful and sustaining relationships with major donors. The authors then show how to act on this knowledge, providing a coherent, step-by-step system to implement the Seven Faces framework. Through numerous detailed examples, they illustrate how to: attract prospective donors motivate the donor to support a cause position the giving strategy, and ultimately empower the philanthropist. The Seven Faces of Philanthropy approach can be used in the context of capital campaigns, major gift solicitations, and planned giving programs. Both novice and expert fundraisers will find this framework to be a valuable supplement to their existing strategies and techniques.