Chief executive Lindsay Boswell said: "The name change covers those involved in fundraising but who don't work in charities and who don't see themselves as fundraising managers."
ICFM's membership presently stands at 3,600, with 160 affiliated charity members. The organisation estimates that there are potentially 12,000 individuals it could target as members.
To some extent, the name change simply catches up with the realities of the organisation's membership, said Boswell, but it also allowed for future expansion. Charity chief executives, finance directors and trustees are all involved in fundraising, as were universities, hospitals, schools and many arts organisations, he said.
The organisation will gear up its campaigning and advocacy stance on fundraising as part of the change.