Women In Development of Greater Boston Strategic Talent Management in High Performing Advancement Programs March 8, 2011 Susan S. Paresky SVP for Development Dana-Farber Cancer Institute & The Jimmy Fund ® Dana-Farber Cancer Institute • Founded in 1947 by Dr. Sidney Farber • Mission – Dedicated to Discovery…Committed to Care • National Comprehensive Cancer Center designation • 4,000 faculty and staff • Operating budget of $950 million • Endowment of $550 million • Ranked 1st in New England and 5th in country by U.S. News & World Report ® Development and The Jimmy Fund • 200 full-time staff • Raised $155 million in 2010, $65 million for The Jimmy Fund • Raise money through Business Units: - Annual Giving Programs - Corporate Partnerships/Promotions - Corporations and Foundations - Planned Giving - Major and Principal Gifts - Events: Boston Marathon Jimmy Fund® Walk Golf Program Marathon and Running Programs Pan Mass Challenge Special Events • Service Units: - Administration - IS - Marketing and Donor Relations - Operations - Research ® Development and The Jimmy Fund • Raise money from: Individuals/Estates Corporations Foundations Events (The Jimmy Fund®) • Raise money for: Research Patient Care Services Unrestricted • Unique aspects: Raise more money relative to our size Very broad array of fundraising programs Four brands to promote: ® DFCI Fundraising Results 1997 – 2015 225 FTEs FTEs Revenue 177 FTEs 196 FTEs Pre-Campaign 134 FTEs 125 FTEs Campaign Extraordinary Campaign Gifts Projections 57 FTEs Management Philosophy • Fundraising is a business and needs to operate like a business • Everyone is a fundraiser – there is no “back room” • Planning is essential – 5-year business plans – Annual operating plans – Mid-course correction reviews – Annual year-end reports • Organizing principles are a must! • Staff need – Strong leadership – Uncomplicated reporting relationships and clear job descriptions – Positive reinforcement and recognition vehicles – Planned annual evaluations/bottom-line goals – Open lines of communication – Resources to do the job – Training and advancement opportunties ® Office “Culture” • Collaboration and competition are encouraged and expected • High risk – high reward • Success is celebrated ® ® Office “Culture” • Collaboration and competition are encouraged and expected • High risk – high reward • Success is celebrated • Demanding atmosphere but fair and just attitude • Communication is a must – Monthly all-staff meetings – Senior managers weekly meetings – – – – ® Directors monthly meetings Weekly broadcast email with key updates Annual planning sessions for AVP’s and Directors Mid-course goal correction meeting Strategies for Recruitment • Created a reputation for being “best in class” • Assigned designated Director of Development Staff Resources who manages the recruiting & hiring process • Offer highly competitive salaries based on 5-year market surveys ® ® Strategies for Recruitment • Created a reputation for being “best in class” • Assigned designated Director of Development Staff Resources who manages the recruiting & hiring process • Offer highly competitive salaries based on 5-year market surveys • Hire professional search firms for key positions • Advertise for key positions in trade publications • Participate in area career fairs • Hold monthly open house/informational interview sessions led by hiring managers ® Strategies for Retention • Competitive salaries based on market surveys • Campaign Bonus Program payouts ranged from 11% to 40% of salary • Commitment to career development and professional growth opportunities • Emphasis on internal promotions ® ® Strategies for Retention • Competitive salaries based on market surveys • Campaign Bonus Program payouts ranged from 11% to 40% of salary • Commitment to career development and professional growth opportunities • Emphasis on internal promotions • Annual employee satisfaction survey and action plans • Access to working with senior leadership and faculty • Summer hours/flexible schedules • Additional perks: day off after Thanksgiving, snow day, cell phone and tuition reimbursement • Opportunities to volunteer ® Career Development Opportunities • Professional Development Courses, seminars, conferences • 6-week Staff Fellowships with concrete usable knowledge • “Shadow” Days • Monthly Brown Bag Lunch Series • CDO-University for AVP and Director-level staff • Executive-in-Residence Days • Professional fundraising training classes ® 10-Year Staff Statistics (2000 – 2010) • Increased staff by 100% and revenue by 200% • Revenue per FTE averaged $925 thousand per year • 250+ staff promoted at least once - 5 promoted to Assistant /Associate Vice President - 13 promoted to Director • Development Office scored higher than the National Cancer Center Average and the Overall Institute Average in all categories of Staff Satisfaction Survey - Of all the large departments, the Development Office ranked highest in General Satisfaction (5.96 out of 6) - 98% of Division staff feel that the Division achieves excellence; 93% of the staff believe the Division works well together • 84% average annual retention rate - Senior staff tenure averages 10 years+ - Average staff tenure averages 6.4 years • 76% of staff who left Development pursued a more senior-level position and 20% pursued an advanced degree - 7 offered VP positions Summary • Fundraising is a big business today • A successful business takes good management, strong organization, focus and dedication • The key to successful and increased fundraising is a mission-driven, highly trained and motivated staff, who have measureable and achievable goals and who like what they do. ® DFCI Challenges Ahead • Economic uncertainty • Finding and retaining qualified staff • Trustee support in post campaign years • Keeping cost-of-funds-raised at an acceptable level • Keeping pace with technology and e-philanthropy • Keeping staff retention and morale high ® ®