The Difference Between Fundraising, Development, and Advancement?

 

The differences between fundraising, development, and advancement is a discussion worth having.

To dig deeper, let’s look at the definitions as stated by the AFP Fundraising Dictionary

fundraising

  • the raising of assets and resources from various sources for the support of an organization or a specific project.

development

  • the total process by which an organization increases public understanding of its mission and acquires financial support for its programs.

advancement

  • process of building awareness and support from all constituent bodies.
  • the programs within an institution that relate to its constituency, including development, public relations, and government relations.

“What it comes down to is fundraising is a function of development, and development is a function of advancement,” is the conclusion made by ISM. Read all about the topic: Fundraising. Development. Advancement. What Does it All Mean?