People generally agree that the wonderful work done by nonprofits should continue. Another area of agreement is that the work should receive financial support — from someone else.
Auctions are a great way to make a relatively predictable income — if you know how to do them correctly, according to Jay Fiske, CEO and co-founder of MaestroSoft, Inc., in Bellevue, Wash.
Groucho Marx might not have wanted to join any club that would have him as a member, but many donors to nonprofits are happy to be part of an exclusive club.
Knowing what people will do before they do it can be helpful to anyone, but National Geographic has been able to apply predictive modeling to its operations.
Trying to enumerate all the social networking possibilities can become pretty useless in a hurry. As soon as somebody identifies one social media venue, or method, something new will pop up.
“Stewardship is the space between the gift and the next ask,” according to Arlene Snyder, senior vice president, development, at Washington Hospital Center, and Timothy Snyder, senior vice president for Brakeley Briscoe, Inc. The pair offered that definition during their presentation, “Putting the sizzle in stewardship,” during the Association for Healthcare Philanthropy’s international conference in San Francisco.
When nonprofits are considering purchasing new software, the process can often be stressful and complicated. Managers responsible for the decisions should first identify software vendors at major tradeshows and go through their peer-to-peer networks for technology recommendations, according to Bob Alves, chairman and CEO of Advanced Solutions International (ASI).
While we’re all doing our patriotic duty by going without so that bankers can get their bonuses, nonprofit managers find themselves having to do more with less, not just fundraising but doing so by the most efficient means possible.
We all know what we mean by the “wealthy philanthropist.” That’s a white man in his mid-50s or older, married, owns his own business.
Modeling for a grouping of four to five variables in donor behavior modeling might identify people likely to be prospects for a middle donor program. “Nonprofits need the right data sets to measure a different sense of wealth,” said Caroline Oblack, director of client service for WealthEngine in Bethesda, Md. “They probably have more in their database than they think and they need to get a clear snapshot of the prospect.” Here are some ideas for getting that picture: