When meeting a new prospect, it’s quite exhilarating to find out that they are philanthropic and have given generously to other organizations. But occasionally, fundraising professionals may find a gap between what the prospect says and what is publicly available. Why? This article addresses that question!
Imagine that you board a plane and just when you have reached altitude, the pilot comes on over the microphone and tells you that although you are scheduled to land in two hours, there is no fuel gauge. The pilot tells you they are optimistic and determined to arrive on time anyway. Would you believe me if I told you this is the way many organizations start their capital campaigns? It’s true!
Knowing how much fuel is in the tank is critical before flying an airplane. Similarly, knowing the gift potential in your donor database is critical information before launching a campaign.
Read More »Warning! Check your Fuel Gauge BEFORE Campaign Launch.
The 2023 Bank of America Study of Philanthropy report is the 9th biennial examination about philanthropic attitudes, priorities, and more for affluent US households in 2022. It is written as a collaboration between Bank of America and the Indiana University Lilly Family School of Philanthropy. It is based on 1,623 wealthy US households, defined as either a net worth $1M+ or annual household income of $200K+. The average mean income was $523,472 and average mean wealth of $31M.
The report was full of so much valuable information, we decided to split it into two blog posts.
Read More »Review of Charitable Giving by Affluent Households – Part 2
The 2023 Bank of America Study of Philanthropy report is the 9th biennial examination about philanthropic attitudes, priorities, and more for affluent US households in 2022. It is written as a collaboration between Bank of America and the Indiana University Lilly Family School of Philanthropy. It is based on 1,623 wealthy US households, defined as either a net worth $1M+ or annual household income of $200K+. The average mean income was $523,472 and average mean wealth of $31M.
Read More »Review of Charitable Giving by Affluent Households – Part 1
It’s been a bumpy road for cryptocurrency over the past year. In 2021, cryptocurrency did not seem to have any limit to its heights but in 2022, the crash came. Many predicted it was the end of crypto. But 2023 has been an interesting year with the price of Bitcoin rising again. The Giving Block, a full-service crypto exchange solution provider, predicts that over $1B in cryptocurrencies will have been donated by 2027. Boston Consulting Group forecasts that the crypto market will grow significantly by 2030.
What does this mean for the fundraising world? Opportunity! It’s a chance to raise additional funds, engage new donors who may not have been interested in philanthropy anymore, and find new ways of fundraising. It’s volatility and risks. But there are ways to mitigate and manage risk.
The report is the 27th annual world wealth report by Capgemini Research Institute. The report analyzes the state of wealth and wealth management across the world in the prior calendar year. The report focuses on High Net Worth Individuals (HNWIs) defined as individuals with assets of $1M+ and over.
What are key findings from the article?
By Elisa Shoenberger
Asking for a major or transformative gift is a little bit like asking someone to marry you. You’ve (likely) been dating one another for a while and know quite a bit about your respective interests. Maybe you’ve discussed marriage; perhaps you haven’t. Ideally, you have an idea that the other person will actually say “yes.”
But timing is everything. You probably don’t want to ask your beloved to marry you when they are dealing with their dying father or in front of a crowd of people if they’ve told you that public proposals are not their thing. Maybe you want to ask their father and/or mother for their hand in marriage. The way you approach the proposal may say a lot about the response.
Read More »Strategic Research for Transformative GiftsBy Elisa Shoenberger
Most of us have eaten cheese in our lives. Some of us may have grown up with American cheese, string cheese, and cheddar cheese. Maybe you’ve tried mozzarella, spreadable goat cheese, and a bleu cheese. While all of those cheeses are delicious, it can be a little intimidating to walk into the cheese aisle or a cheese shop. Suddenly there are tens, even hundreds of cheeses in all different colors and shapes. So how do you figure out what goes best on a salad or on a steak?
That’s what it might feel like when you’ve met with prospects in your portfolio. You know something about them; maybe you even requested an Aspire Snap Bio on them before meeting them. But what do you do next? How do you cultivate them towards a major gift in the next few years or so? How do you fit the cheese to the cracker or side?
Read More »Finding the Right Cheese for the Cracker: Using Research to Create Strategies and Tactics for Cultivating Prospects
NeonOne set out to understand what individual giving looks like in the post-pandemic world. By reviewing many sources including academic journals, industry reports, blogs, and more, they have synthesized six questions:
In Neon One’s Donors: Understanding The Future of Individual Giving – Part 1, we focused on the first three questions. In this Part 2, we are focusing on the last three questions.
Read More »Neon One’s Donors: Understanding The Future of Individual Giving – Part 2The report is an annual report that looks at global giving focusing on three areas: helping strangers, donating money to charity and volunteering time. The report has surveyed 1.95 million people since 2009. For 2022, CAF included data from 119 countries, which was 90%+ of the total adult population on the earth.
Read More »Charities Aid Foundation World Giving Index 2022