new rules for fundraising in changing times!
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New Rules for Fundraising in Changing Times!. Gail Perry MBA CFRE Twitter: @ gailperrync www. Firedupfundraising.com gp @gailperry.com. What Will Happen if You Are Oblivious?. !. 3. The Good News: Plenty of $$ Left on the Table. Satisfied donors WILL give more!. - PowerPoint PPT PresentationTRANSCRIPT
New Rules for Fundraising in Changing Times!
Gail Perry MBA CFRE
Twitter: @gailperryncwww. Firedupfundraising.com [email protected]
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What Will Happen if You Are Oblivious?
!
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The Good News: Plenty of $$ Left on the Table
Satisfied donors WILL give more!
42% of donors said they could have afforded to give more last year.
~Penelope Burk 2013
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Trends for 2014
1. Trust. 2. Transparency.
3. Emerging donor types.
4. Do or die online.
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Donors Are Not Sure They Trust Us
Where will my money
go?
Donors Are Not Sure They Trust You
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How are you spending my money?
What’s your Charity Navigator
rating?
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Will my money be wasted?
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2012 Edelman Trust BarometerHow much do you trust NGOs to do what is right?
Donors Are Researching You
Online
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I’m going to check you out online
first.
Strategies to Build Trust:
• Personal relationships.
• Be in touch often.
• Do what you say you will do.
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Trends for 2014
1. Trust.
2.Transparency.3. Emerging donor types.
4. Do or die online.
5. Outside environment.
6. Internet and web.
7. Fundraising trends.
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Today’s Donor Power
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Do you show up as
credible? Do I trust you?
Transparency: Tell them where the money went.
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I don’t understand why your fundraising costs are so high!
The Big Picture
5. Prep Your Donors for their Ask
• Tell them where the money went.
• Be transparent.
• Be specific.
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The MPI Fundraising FormulaSpeaks to Today’s Donors
Money: how much do you want to raise?
Purpose: what project/purpose is it for?
Impact: what impact will it have?
Using MPI Formula To Thank Donors: Money + Project = Impact
Trends for 2014
1. Trust.
2. Transparency.
3.Emerging donor types.
4. Do or die online.
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Today’s Donors
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One out of 3 donors who received direct mail
responded with an online gift.
How Donors Are Giving
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I like to confuse you. I may get an email
appeal and then write a check.
~Penelope Burk, Cygnus Research
Giving Triggers For High Net Worth Donors
Bank of America High Net Worth Study 2012
Major Donors Who Volunteer Give Much Much More
89% of high net worth individuals volunteered with nonprofits organizations
Bank of America High Net Worth Philanthropy Study 2012
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“We Give Our Money Where We Give our Time”
Average gift of high net worth volunteers who volunteer over 100 hours? $78,000
Average gift of those who volunteered less than 100 hours? $39,000
Bank of America Study High Net Worth Philanthropy
2012
Donor Types: Activists
“America’s Most Polarizing Big Donor Looks Back”
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Donor Types: Hands-On
• Specific requirements.
• Want to be more involved.
• Intrusive?
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I’d like it MY WAY!
Donor Types: Social Investors
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What’s the ROI?
Generational Differences
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I support only a few causes.
I support 20 or more causes.
Millennials11%
Generation X20%
Baby Boomers43%
Elder Gen-erations
26%
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The Rise of the Boomers!
Total Amount Donated Per Year
(US)
~Chronicle of Philanthropy
Boomers Now Source of Most Gifts
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Giving is my form of self-expression!
I am passionate about my causes!
Older Ladies Are THE #1 Donor Demographic
“Boomer and older women are more likely to give to charity and give more than their male counterparts
when other factors affecting giving are taken into consideration.”
”Women Give 2012”Women’s Philanthropy Institute at the
Center on Philanthropy at Indiana University
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Who’s Giving? The Ladies!
A study of affluent older adults found that
for every $100 men gave, the women in the same
economic circumstances gave $258.
”Women Give 2012”Women’s Philanthropy Institute at the
Center on Philanthropy at Indiana University
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Women are More Likely to
~Nonprofit Times
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I’m more likely to seek guidance
from my financial planner.
Women Donors
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I’m more likely to give securities
than men.
Trends for 2014
1. Trust.
2. Transparency.
3. Emerging donor types.
4.Live or die online.
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Today’s Donors
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We ALL prefer to make our gifts online.
Today’s Donors
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•86% of young donors
•69% of ages 35 and 64
•53% of donors over 65
Prefer to give online
~Penelope BurkCygnus Research
Media: Competition for “Mindshare”
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Surprise and Delight:Incredibly Innovative Appeals
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Surprise and delight! An appeal from the truck!
Incredibly Innovative Appeals Blog.Agentsofgood.org
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Average gift was up 40% and raised twice as much.
Fundraising Today: Planned Giving
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The profit is in
bequests.
Fundraising Trends
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Fundraising Trends
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What Does This Mean to You?
Training is not “would like,”it’s must have.
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What Won’t Change?
Nothing works better than face to face.
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What Won’t Change?
Board members will still be afraid of fundraising. 47
What Won’t Change?
People are people.
Generous people WILL give.
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Many More Resources at FiredupFundraising.com
Top 10 Things to Understand About How Fundraising Really Works Today
5 Clues Your Fundraising is Headed Downhill
Why Board Members Love Advice Visits
Does Your Organization Really Support Fundraising? Take This Simple Quiz
Easy Elevator Speech Exercise for Your Board
Show Me the Money: How To Move From Friendraising to Fundraising
How Major Donors are Changing and What To Do About It
Board Members’ #1 Job: How to Be a Personal Advocate for the Cause
20 EASY Ways Board Members Can Cultivate Donors
10 Easy Ways Board Members Can Raise Money
12 Ways to Liven Up Your Board Meetings —and Your Board
Gail Perry MBA CFRE twitter: @gailperrync
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