Fundraising Talks
News and updates from the USM Office of
Advancement Research
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CASE's VSE survey, released in February, showed that voluntary giving to U.S. higher education institutions rose 6.9 percent in the fiscal year ending June 30, 2021. Total giving to colleges and universities in the United States topped out at $52.9 billion for FY21, which according to Sue Cunningham, CASE President and CEO, demonstrates how strongly supporters value colleges and universities in the United States. Foundations and alumni were leading contributors and accounted for 56.3 percent of all reported gifts. Non-alumni made up 16.6 percent and corporations made up 13.2 percent. Giving from alumni made up the largest increase (10.8 percent), followed by a 9.1 percent increase in gifts from other organizations (mainly donor advised funds.) Read more findings from CASE's VSE survey here.
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Regardless of your thoughts on NFTs, it is hard to ignore them now that millions of dollars in donations to nonprofits have been generated through the technology in the past few years. As a refresher, NFT stands for nonfungible token - nonfungible describes something that cannot be copied, substituted, or divided. According to Techsoup, the most common iteration of NFTs on the market is digital art. NFTs can generate funds to nonprofits in two main ways. First, someone can sell an NFT and donate the earnings to a nonprofit. Second, people can create NFT projects with the intention of raising money for a cause. For example, Ellen DeGeneres created and auctioned off an NFT to raise money for the World Central Kitchen. Nonprofits can leverage the novelty and utility that NFTs create. Techsoup suggests offering access to an NFT instead of offering a teeshirt as a reward for raising a certain amount of money for a charitable giving event. Click here to read more, including how to build a community using NFTs and the potential risks involved.
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When performing a yearly portfolio review, sgEngage encourages fundraisers to resist the urge to keep "the regulars" in their portfolios just because they've always been there. It's possible that a donor belongs in a portfolio, but perhaps it's not your portfolio they belong in. In order to get the most out of an annual portfolio review, sgEngage says first, dig into the data and use predictive modeling results to understand which prospects have the capacity and likelihood to make a major gift to your organization. Next, look at macro trends and compare these trends to your data - does your data show that the wealthy are getting wealthier? Does your data reveal and insights that you can utilize? Next, ensure your portfolio reflects your organization's strategic plan. Finally, set yourself up for success and create your plan for the upcoming year. Read more here.
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In 2021, the Edelman Trust Barometer showed that global trust in government, business, and media went up slightly while trust in institutions remained strained. The report suggests that trust is tied to perceptions of ethics and competence. As the pandemic has shown, healthcare, education, and other services provided by nonprofits are crucial, which means that it is extremely important to build trust with our stakeholders. Forbes stresses that nonprofits should be accountable to donors and those they serve and that data and transparency can bolster ethics and efficacy in every sector. Forbes also notes that deeper stakeholder engagement in organizations can not only foster trust, but can be a pathway to innovation. Read more from Forbes here.
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According to a Salesforce study, nonprofits are finding that gathering data is an easy task, but less than half of nonprofits think that analyzing that data is easy. With data analytics and strong data management, nonprofits can build better stories about their organizations that can win donors over. BizTech suggests looking into deeper analytics - instead of looking at the big numbers such as the amount of money your organization has raised, look at the amount of time volunteers and employees spend in the community on specific projects. Data points such as these can help you create compelling messages to donors. In addition, nonprofits should set actionable goals for their metrics and track things such as donor growth, donor retention rate, email performance, and more. Read more here.
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