The CDO is in charge of coming up with and putting into action fundraising plans for big contributions, grants, and planned giving. They maintain ties by working closely with board members, significant funders, and other stakeholders. CDOs also manage marketing and communication initiatives to advance the objectives of the firm.
A solid background in fundraising and development, as well as expertise in leadership and strategic planning, are often requirements for becoming a CDO. Advanced degrees in business, nonprofit management, or a related sector are common among CDOs. For job progression, networking and establishing connections inside the charity sector are extremely crucial.
The average annual income for a CDO in the US is $162,000, according to Glassdoor. The size, location, and level of expertise and education of the employee are all factors that can affect a person’s salary.
Depending on the business, several teams may report to the CDO, although often teams in charge of communications, marketing, and fundraising do. To guarantee alignment with the overall strategy and goals of the firm, the CDO may also collaborate closely with the CEO, the board of directors, and other C-level officials.
Top-level executives in a corporation are referred to as being in a C-level role. Typically, this includes the CEO, CFO, COO, and CMO. These jobs are in charge of determining the organization’s overarching strategy and direction as well as making sure it succeeds. The CDO is an essential team member who is in charge of fostering growth and development through relationship-building and strategic planning. As a result, the CDO is essential to the organization’s overall performance.