Over three quarters of higher education institutions use the phone in some way to reach out to donors each year. At the biggest programs, this amounts to a student caller phonathon, which contacts thousands of alumni, parents and friends.
These phonathons or telefunds can generate millions in support, not to mention great conversations which build the relationship with a donor.
We’ve just released the RNL Phonathon index, looking at 93 phonathon programs from 2014 to 2017, with over $300M in pledges.
We uncover some of the key trends and best practices in phonathon programs and make suggestions about how to take your phonathon to the next level. You can download the full index at RuffaloNL.com today. I got on the line with podcast pal Josh Robertson, a fellow phonathon veteran, to break down the results and talk about what’s next for this key donor contact channel.
Chances are, if you’re doing the same thing you’ve been doing with your phonathon for years, you’re probably not getting what you could out of the channel. This channel deserves the best you can offer in terms of strategy and technology. As the only truly scalable personal conversation channel in higher education fundraising, phonathons can have a lot of value. But only if you do them smartly, in a data-driven and focused manner. As Josh mentions, it depends on your goals, but you can craft a solid 21st century phone strategy, as these 93 institutions show.
So, if you want to take your phonathon to the next level, drop us a line here at RNL. We have a team of experts ready to help.
Strong use of data is the cornerstone of any great fundraising program. The best programs take this to the next level, moving from descriptive to predictive – actually guiding gift officers and annual giving appeals to the donors who seem the most ready. Making this transition can be daunting. So today, we’ll talk with one of the authors of a new book, Data Science for Fundraising, building data-driven solutions using R. Ashutosh Nandeshwar is a fundraising data veteran, and a thought leader in this important emerging field. The book is part introduction to new data techniques and an in depth hands on manual to get started. Whether you’re the geek who will be manipulating the data or just interested in how this new way of thinking can transform your fundraising, he’s a great source of insight.
You can find the book here:
In our recent surveys of over 3,000 fundraisers, fully three quarters told us that they don’t feel like they are using data in the best way possible. This extends to annual giving, major and planned giving, as we try to harness our massive databases to provide better, more personalized appeals.
As Ashutosh and I discussed, this isn’t just the best way to fundraise—it’s better for donors, and uses their time and attention efficiently and with the highest impact. If you’re ready to roll up your sleeves and get into the data, Ashutosh and Roger’s book is a great tool.
Data-driven fundraising is a big focus here at RNL, and we’ve launched new products which do what we’ve discussed in this podcast –taking fundraising into the 21st century. If you’re ready to provide a more personal experience to donors and transform your fundraising, drop us a line. We’re ready to help.
How do we get more people interested in fundraising as a profession? It’s a key question we’re trying to answer, as we struggle to fill positions, engage donors, and take advantage of the tremendous interpersonal talents of a rising millennial generation. I came across a book that is quite different than anything we’re used to reading about fundraisers.
What happens when you go from rocker to fundraiser, and go all in on philanthropy? Mitch linker, author of No One Dreams of Being a Fundraiser: My Unexpected Journey from Music to Major Gifts can tell us. I got Mitch on the line to talk about his book, his journey, and how we can get more unlikely candidates interested in our profession.
Getting over the fear of asking by just doing it, finding coaches, and staying with an organization long enough to learn about the donors are all great steps on your path to becoming a better fundraiser. Mitch’s passion and insights for our profession are incredible, even if he came to the job in a bit of a non-traditional way.
Well, come to think of it, who does dream of being a fundraiser? Probably no one. But for those of us who stick with it, and as Mitch says, go all in, find out that our jobs are a dream. We get to work with great people, see transformational giving, and the impact of our work on the people our charities serve. So I say, dream on fundraisers, and if you see someone you think might be great, take them in and give them a shot. It’s time for us to look in different places for the next generation of fundraisers.
We have the winners of the 2018 March (Alumni Giving) Madness tournament!
This tournament is our fun way to determine the top alumni giving institutions for higher education fundraising. We took the institutions in this year's men's and women's NCAA Basketball Tournaments, analyzed their alumni giving statistics, and determined the two top institutions for alumni giving.
In this podcast, we break down the results, methodology and talk about how to amplify alumni giving for your institution.
You can read about the methodology we used and about the first two rounds of results in our first blog.
Men’s Bracket: University of Pennsylvania. Returning after last year's win in our women's bracket, Penn continues to have one of the highest alumni participation stats in the tournament. As we mentioned last year, donor growth and consistency in young alumni giving have been real strengths at Penn.
Women’s Bracket: University of Notre Dame. Another return winner, Notre Dame also took home a win in 2016 in the men's division of our tournament. Two years of consistent alumni donor growth and a LeBron-level performance for giving-per-living-alumnus made the Fighting Irish unstoppable.
All this year’s tournament participants are winners. As we approached the final bracket stages, we noticed some pretty incredible alumni giving and donor growth at the top institutions. All participants in this year’s tournaments should be congratulated. The generosity of their alumni is incredible, with more than $3.7 billion given by alumni to these institutions in 2017.
Check out all the results, with expanded commentary on the stats, in our March (Alumni Giving) Madness 2018 e-book. Download your copy here.