Sybil Ackerman-Munson: Create Your Financial Legacy and Do Your Good
Sybil Ackerman-Munson is a nonprofit professional and foundation advisor. She founded Do Your Good, an LLC dedicated to helping individuals and businesses make lasting, meaningful contributions to the world. In September, she will be launching her Crack the Code Course, step-by-step lessons on how to build a philanthropic life.
In this episode, Dean Newlund and Sybil Ackerman-Munson discuss:
- How you could do more harm than good without due diligence
- For-profit business concepts that are useful for nonprofit managers
- Preventing burn out in the nonprofit space
- Adjusting your pitch according to the kind of donor
- Being an effective giver will take certain due diligence, especially if you have a lot to give. Giving without knowing the community and the reputation of a nonprofit can do more harm than good.
- Nonprofit founders generally start companies to do good, but to sustain their organization, they need to have studied how to operate a for-profit business and how to collaborate with others.
- The motivation for everyone ultimately is to do good, but the good can only be sustained if those who initiate and manage that change is properly incentivized. It’s not wrong for nonprofit workers to earn more.
- There are three kinds of donors. First is the sustainer donor, they are the ones that love your group and will fund you year after year. Second is the campaigner donor, somebody who cares about a specific cause. The third is the launcher donor and they want to fill in the gaps.
“You, as a nonprofit, need to know the kind of donor you’re talking to. In my over a decade of experience, I’ve found that there’s three distinct types of donors. And if you talk to the one wrong, you’re not going to even get in the door.” — Sybil Ackerman-Munson
Connect with Sybil Ackerman-Munson:
Connect with Dean:
The Mission Statement E-Newsletter: https://www.mfileadership.com/blog/
Show notes by Podcastologist: Justine Talla
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