Fundraising and the next gen 3.10.11
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Transcript of Fundraising and the next gen 3.10.11
Fundraising and the Next Generation
Colorado Nonprofit AssociationMarch 2011
Emily Davis, MNMEDA Consulting
Introduction
• Introductions• What is your org doing now
to engage next donors?• What question do you want
answered or discussed?
Colorado Nonprofit Association 23/10/11
WHO ARE THE GENERATIONS?
Generational MixGenerational MythsGenerational CharacteristicsImpact on Philanthropy
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What is the Generational Mix?
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What are our assumptions about each generation?
• Traditionalists• Baby Boomers• Generation X• Generation Y
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Gen Xers
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• Self-reliant• Quick fix• Collaborative &
independent• Direct communicators• Financially-motivated• Look for results• Appreciate reward
through external recognition
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Millennials
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• Digital natives• Independent but
interactive• Questions the status quo• Desire mutual respect• Celebrate diversity• Express to express -- not
impress• Acknowledgement for
being her• Civically-minded
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What Tenured Professionals Want
• Next Gen Training• Acknowledgment• Engagement • Respect for legacy• Dialogue
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What the Next Gen Wants
• Advice• Acknowledgment• Shared ownership• Opportunity to lead• Flexibility• Sector history
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How has this affected philanthropy?
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• Development office• Prospecting• Cultivation• Stewardship• Communication• Retention• Priorities• Respect • Trainings
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MULTI-GEN PHILANTHROPY
Why engage the next gen?Next gen philanthropy styleEntry points and engagement
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What age does lifelong giving start?
• Teens?• 20s?• 30s?• 40s?• 50s?• 60s?• 70s?3/10/11 Colorado Nonprofit Association 12
Why Engage the Next Gen?
• Transfer of wealth• Lifelong giving• Time, talent, and
treasure• Networks• Enthusiastic• Ambassadors
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Family Philanthropy
• Major donors have children & grandchildren
• Family legacy• Engage younger
generations and older generations
• Listen & learn about what the next gen wants
• Provide resources & networks
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Fundraising from Gen X• Friends/family/peers are
influencers• Stories have a greater
impact than loyalty• Consistently give largest
gift to the same charity annually
• Donate the most through websites (30%)
• Hard to recruit to your cause
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Fundraising from Millenials
• Philanthropy is time and money
• Lower cost to recruit because they are online
• Multi-communications approach
• Engaged in fundraising for orgs
• Donate in a variety of ways
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* thoughtfulphilanthropy.wordpress.com
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Where are they?
• Existing donors• Volunteers• Young professional
events• Media (i.e. 40 under
40)• Colleges &
universities
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Entry Points
• Events – tiered fees• Partner with young
professionals’ groups• A-thons• Peer to peer networks• Family • Philanthropic resources
• Giving Circles – tiered fees
• Volunteering• Board and committee
participation• Planned Giving• Nonprofit Start Ups
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Next Gen Engagement
• Create ambassadors
• Provide trainings• Offer networking• Bring on as staff,
board members• Listen and learn
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Relationships Don’t Change
• Cultivate, steward, and solicit• Recognize• Multi-channel communications• Meet one-on-one• Develop ambassadors• Use social media as stewardship,
not for solicitation• Effective database
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“This is not the first time that nonprofit organizations and fundraisers have had to adapt to new technologies. The radio, television, newspapers, telephones, fax machine, and direct mail have all affected how we raise money. Some of the new methods that have evolved are more successful than others, and not all of them have been used with equal success by all nonprofits.”
- Ted Hart and Michael Johnston in Fundraising on the Internet
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10 Tips About Social Media
1. Social media is A tool, not THE tool.
2. Social media is a plant3. Add value4. Listen & create dialogue5. Prospecting, cultivation,
& stewardship
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6. It ain’t free7. Not everyone “Diggs”
social media8. Have a plan9. Connect with other
fundraising efforts10. Be patient
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Exercise: Three Steps
1. Pair up2. Write down three
things you can do today
3. How will you make those happen?
4. Share and brainstorm
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Resources
• 21/64• Resource Generation• EPIP• National Center for Family
Philanthropy• Fundraisinf and the Next
Generation (coming in 2011!)• Working Across Generations• The Networked Nonprofit• The Next Generation of American
GivingColorado Nonprofit Association 263/10/11
Thank You!
Emily DavisEDA Consulting
(303) 652-7536www.edaconsultingcafe.blogspot.com
Twitter: @edaconsultingwww.Facebook.com/edaconsulting
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