All About Capital Campaigns: Nonprofits, Fundraising, Major Gifts, Toolkit

The Natural Ebbs and Flows of a Capital Campaign (And How to Use Them to Your Advantage)

June 9, 2026·17 min
Episode Description from the Publisher

What if the “slow” periods in your capital campaign are actually some of the most productive opportunities for building donor relationships and campaign success?In this episode of All About Capital Campaigns, hosts Amy Eisenstein and Andrea Kihlstedt explore the natural ebbs and flows that every capital campaign experiences—and why nonprofit leaders should stop viewing slower periods as setbacks. Whether you're in the quiet phase of a campaign, preparing for a major fundraising push, or wondering how seasonal changes affect donor engagement, this conversation offers practical insights that can help you manage campaign momentum more effectively.Many nonprofit leaders assume a capital campaign should operate at full speed all the time. But campaigns are multi-year endeavors, and maintaining maximum intensity for years simply isn't sustainable. Amy and Andrea discuss why successful campaigns naturally move through periods of high activity and quieter stretches, and how understanding these cycles can reduce stress, prevent burnout, and improve fundraising outcomes.The discussion begins with an examination of seasonal fundraising patterns. Is summer really a slow time for fundraising? The answer depends on your organization, your donors, and your community. For some nonprofits, summer presents unique opportunities to connect with donors who are more relaxed and available. For others, donor travel patterns may create different challenges. Either way, making assumptions about donor availability can cause organizations to miss valuable opportunities.Amy and Andrea share examples of nonprofits that successfully leveraged summer activities and informal gatherings to deepen donor relationships and move campaign conversations forward. They discuss how cultivation often works best during periods when both staff and donors feel less rushed and more open to meaningful conversations.The conversation also addresses an important but often overlooked reality of campaign leadership: the emotional and organizational strain that accompanies major fundraising efforts. Capital campaigns involve large goals, significant stakes, and extended timelines. Amy and Andrea explain why nonprofit leaders should intentionally build breathing room into their campaign plans rather than attempting to maintain constant pressure throughout the life of a campaign.Listeners will learn how to identify productive ways to use quieter campaign periods, including donor cultivation, strategic planning, relationship building, and organizational reflection. Rather than viewing slower seasons as lost time, nonprofit leaders can use them to strengthen the foundation that supports future campaign success.If you're leading a capital campaign, preparing for a feasibility study, managing campaign volunteers, working with major donors, or looking for ways to sustain fundraising momentum over the long term, this episode provides valuable perspective on the rhythms and realities of campaign fundraising.In This Episode, You'll Learn:Why every capital campaign experiences natural ebbs and flowsHow seasonal timing affects donor engagement and fundraising activityWhy summer can be an ideal time for donor cultivationJerry Panas's powerful donor meeting scheduling strategyHow to avoid campaign burnout while maintaining momentumWays to use quieter periods productivelyHow to balance urgency and sustainability in campaign leadershipWhy strategic pauses can strengthen campaign resultsTo ensure your campaign ends in a celebration, download our free Capital Campaign Step-by-Step Guide & Checklist. This intuitive guide breaks down each step of your campaign, and the timeline allows you to visualize your whole campaign, from start to finish!

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