|In this Issue
A feasibility study is an important part of the pre-planning that leads to a successful capital campaign. In this edition of Transforming Challenges, Senior Consultants Tom Reid and Greg Cascione outline the steps you need to take for a feasibility study that will give you the information you need.
At The Reid Group, we have a passion for helping leaders and organizations transform their challenges into opportunities to create a better world. One of the ways we do that is through this e-letter, Transforming Challenges. Is there someone you know who could benefit from receiving it? Forward this edition to them and encourage them to subscribe for themselves. They’ll thank you—and so do we!
The Reid Group News
- The Sisters of Mercy of the Holy Cross have contracted with Maureen Gallagher and John Reid for mediation with the aim of strengthening the relationship between the community and the management company at their eldercare facility in Wisconsin.
- John Reid and Carol Guenther presented a parish mission for Sacred Heart parish in Bellevue WA in early March. The three-day mission focused on 1) the call to follow Jesus, 2) growing a deeper relationship with God and 3) strengthening the community. If your parish is interested in a mission, contact us at firstname.lastname@example.org.
- Maureen Gallagher and John Reid represented The Reid Group at the National Association of Catholic Chaplain’s 50th anniversary conference, “Honoring the Gift.” Maureen and John presented three workshops on leadership, supervision and change that were well received.
- Greg Cascione has entered into a fourth contract with Gesu School in Detroit for creating their fundraising and alumni relations program.
So as you look at your individual or organizational future, what are your challenges? Could you benefit from skilled support? Give us a call at 206-432-3565 or send us an e-mail to start transforming those challenges into opportunities.
The Reid Group teleseminar series
March 18, 2015:
10 Steps to a Successful Feasibility Study
1 p.m. PT, 2 p.m. MT, 3 p.m. CT, 4 pm ET
Does your organization need to raise funds, but you are not sure what the goal should be?
Have you been considering a project that requires both organizational and financial support, but you are not sure how your constituents feel about your organization or their level of support for a new project?
If you answered yes to either question, then please join our next Teleseminar call.
During this teleseminar participants will be provided an overview of the components of a successful feasibility study. In addition, the session will offer practical suggestions for specific steps to build upon the ideas presented on the call.
Are there issues or questions you would like to hear more about? Send your comments and feedback to us at email@example.com.
10 Steps to a Successful Feasibility Study
Tom Reid Senior Consultant
If your organization is considering a capital campaign or another major funding initiative, it’s a good idea to conduct a feasibility study first. Done well, a feasibility study can not only tell you how much money you can raise, but also give you valuable information about attitudes toward your organization and its mission.
Here are 10 steps to take to ensure you get what you need out of a feasibility study:
- Build consensus among your organization’s leadership for the specific project you want to raise money for (e.g., to endow, build, expand, renovate).
Greg Cascione Senior Consultant
- Determine if you can conduct the study in-house or if you need outside help. Can you be objective enough or provide enough confidentiality if you do it yourselves? For organizations to do the work in-house, they need to have had steady leadership over the past several years and have engaged in at least one capital campaign. One advantage of using an outside consultant is that people take you-and the study-more seriously.
- Develop the case for support. Tell the emotional story, both of your organization’s mission and how this project fits into it.
- Establish the deliverables of the study:
- Attitudes toward your organization among your supporters and the wider community
- The level of support for the project in general
- Suggestions for campaign leadership
- The level of financial support for the project
- Availability of volunteers for a campaign
- The readiness/capability of the organization to staff a campaign
- Identify the people to be interviewed. Using your organization’s database, identify 40-60 individuals with a record of giving and/or who have influence in the community, with the idea of actually interviewing 30-40.
- Draft the letter inviting people to be interviewed.
- Develop the questions to be asked in the interview.
- Conduct the interviews, ideally in person. These are one-on-one, confidential sessions that usually take 45-60 minutes.
- Compile the report, including interview results, action recommendations and an outline of a campaign plan if a campaign is found to be feasible.
- Present the report in person to the organization’s leadership (Board, staff) and provide a copy to the interviewees.
Conducting a thorough feasibility study can provide the foundation for a successful capital campaign. If you are considering using a consultant, contact us at firstname.lastname@example.org to arrange a complimentary strategy session.
The Art of Change: Faith, Vision and Prophetic Planning
Think about what your organization could do if the process of planning met the inevitability of change head-on—and it resulted in significant success.
Organizations large and small, religious and secular, for-profit and not-for-profit, successful and unsuccessful, go through change. John Reid and Maureen Gallagher of the Reid Group have been instrumental in helping many groups discover the power of Prophetic Planning. This book presents a complete overview with detailed information that any organization will find useful in understanding how to plan for change.
The Art of Change: Faith, Vision and Prophetic Planning, and its companion CD are now available from Liguori Publications as well as from Amazon.com.