Dr. Pamela Barden, a well-respected 35-year successful fundraising executive is interviewed by Lighthouse Counsel President Jeff Jowdy to share her insight on the important topic of overhead and the dramatic role it plays in our industry.
According to Pamela, “Overhead is the cost of doing business and we should stop treating it like a nasty family secret.” Pamela shares the key reasons why fundraising professionals should help donors understand the term of overhead in a more realistic and meaningful way.
According to Pamela, there are three pressing issues facing nonprofits in the area of overhead that could be game changers:
• Possible changes in charitable tax deductions on the federal level
• Elimination of joint allocation of costs
• PILOTS or Payment in Lieu of Taxes on the state and local level
Understanding these issues as a fundraiser and using that information to help your donors understand them on a more intimate level could make a major difference in the number and level of donations you receive in the future.
Listen to Pamela as she explains how to get your donors to realize how overhead can help your organization grow from being transactional to transformational.