You’ve been tasked with raising annual fund giving by 20%, and you know that it’s a big priority for your organization. You’ve made lots of changes to your fundraising plans, and the first few months seem to have been successful. But are you on the right track to reaching your goal? How would you even know?
There’s a simple but powerful tool available to everyone which will help provide an answer. The Monte Carlo simulation technique can help you to identify the likelihood that your fundraising program will reach its end-of-year goal. It is flexible enough that you can update it throughout the year to find out if you are moving in the right direction. Best of all, Monte Carlo simulations can be created with a program you already own: Microsoft Excel.
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