The term alum refers to any of various double sulfates of a trivalent metal such as aluminum, chromium, or iron and a univalent metal such as potassium or sodium.
While I imagine that alum may be quite interesting to a scientist or an engineer, it’s not clear how useful it is to those of us who work in advancement.
On the other hand, an alumnus (male) or alumna (female) is a former student (often a graduate) of a school, college, or university. The term alumnae is used to describe a group of female former students and the term alumni describes a group of male former students or a group of mixed sexes.
Words do matter.
Are you directly responsible for managing an annual giving program at an educational institution? Would you like to know more about the latest trends in the field of annual giving? Could you use more data to help improve your program and guide your career?
If so, make sure you participate in The Annual Giving Network’s 2014 Survey of Annual Giving Leaders, which will uncover answers to the following questions and more:
- What’s a bigger priority for annual giving programs today: donors or dollars?
- How much do annual giving leaders earn today?
- Can “giving days” and crowdfunding really improve results?
- Which vendors and consultants are recommended by your peers?
- Are phonathon programs successfully adapting to the mobile migration?
- What ROI should you expect for your direct mail program?
- How are successful annual giving programs using social media?
CLICK HERE to sign-up today and a copy of the survey will be emailed to you to complete online. All survey participants will receive a:
- Free copy of the survey report
- Chance to win a $100 Amex gift certificate
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For more information, please contact email@example.com
Could your alumni think your institution is “worthy but not needy”? This isn’t an uncommon challenge for educational institutions today. Especially those with relatively large endowments and high sticker prices.
Education finance is complex and, for most, not easy to understand. If we don’t make a point of explaining it in terms that our alumni can grasp, it can make the idea of donating money to our annual funds hard for them to swallow.
Make your case for support “snackable.”
Stanford University, which raises nearly $1 billion annually, lists “Seven Reasons To Support Stanford” on their Annual Fund’s website. Here’s how they explain to their alumni why Stanford needs money:
- Tuition covers only about two-thirds of the real cost of undergraduate education.
- More than half of all Stanford undergrads depend on need-based scholarships from the university.
- Stanford’s endowment covers only about 23% of the university’s budget.
- Most gifts are restricted. Annual, expendable gifts provide vital flexibility.
- Federal support for university research is significant, but it’s been declining for years in real dollars.
- Stanford’s mission is global. Big ideas can be expensive. Making a difference is worth it.
- Every gift makes a difference! Most gifts made to Stanford are under $1,000. But together they add up to millions for financial aid, academics, research, and other programs.
I don’t know about you, but I’m getting kind of hungry.
If you happened to be in or around Chicago last March, you may have noticed a lot of Marquette flags flying about. That’s because Marquette University’s annual giving team, in conjunction with National Marquette Day, was testing something new.
“We wanted to boost donor participation, says Angela Krainz, a Senior Advancement Officer at Marquette, “so we offered a 3×5 Marquette flag to anyone who donated $60 or more. We focused our effort on Chicago because of the concentrated number of alumni, parents, and prospective students in that area.”
They kicked off the campaign with a postcard (see below) that drove donors to a web page where they could make a gift to the fund of their choice. They also promoted the campaign through Facebook ads and email. The effort generated nearly $30,000 and over 300 donors (a 1.8% response rate.) For nearly 20% of the donors, this was their first gift to Marquette.
“We were really surprised by how many parents participated”, said Krainz. Nearly 25% of the donors were current and past parents. In fact, they decided to run the flag promotion later in the year to all current parents, regardless of location, so that they could have a flag to give to their son or daughter as a holiday present.
They acknowledge that not every premium-based campaign turns out to be a success. Next time, they may focus more of their efforts online – possibly limiting it to a 24-hour time frame, incorporating a giving challenge, or asking donors to share photos of their flag display through social media.
“We only received positive feedback”, says Krainz. “Marquette alumni have a strong affinity for the university. They loved the fact they could get something to show their pride and help the university at the same time.”
Marquette’s compliance with the IRS’s regulations was simplified because they required a minimum donation and rewarded donors with a “token item” that contained their logo. Click here to read the current quid pro quo guidelines from the IRS.
At the time, he didn’t realize that the barn was built on low ground. When it rained, the floor would flood creating a muddy and unusable mess. Unfortunately, the cost of hiring a construction company to move the barn was too expense. So Herman was forced to tolerate a muddy barn floor until, seven years later, he got an idea.
During the summer of 1988, the town of Bruno was celebrating its 100th anniversary. Herman used the centennial to convince 350 of his neighbors to help him relocate the barn to higher ground. In the afternoon, with thousands of live spectators and television cameras on hand, the volunteers banded together to lift the 20,000 pound barn and walk it over 115 feet to its new foundation.
The moral of the story? Sometimes a lot of little parts, put together in the right way, can achieve really big things.
Title: Love Will Keep Us Together – Stewardship for Annual Giving
Date: October 21, 2014 at 1:00 PM EDT (60 minutes)
Presenter: Keturi Beatty, Sr. Director of Development – U. North Texas
Click here to register today! Save $50 off the regular price when you register before September 26th.
In annual giving, stewardship is much more than a gift a receipt or thank you letter. It’s showing donors that their contributions have impact and making them feel loved long after their donations have been processed. If done well, stewardship will not only help your Annual Fund raise more money, but it will create a community of loyal donors to support your organization for years to come.
Register online for your entire team to learn how to build a strong stewardship program for your Annual Fund.
What You Will Learn
Whether you’re a large, complex annual giving program or a one-person shop, our expert instructor will share stewardship ideas that are easy to implement, including:
- Strategies to ensure a positive and rewarding experience for your donors
- Methods for acknowledging and recognizing your donors in a way that efficient, effective, and scalable
- Tactics that don’t require a big budget
- Examples that have worked at other institutions
- And more
Click here to register today!
Northeastern University doesn’t have too much trouble getting its alumni to donate. As a matter of fact, nearly 40% have made a gift at some point in their lifetime. Like many institutions, though, their challenge is getting alumni to give every year. The truth is that only around 12% of Northeastern’s alumni make a gift to their alma mater annually.
“We were looking for a way to encourage consistent annual support while highlighting the impact of gifts at all levels”, said Bill Woodman, Director of The Northeastern Fund”, “so we created a special club to encourage consistent giving and honor those who support the university year after year. We call it The Husky Cornerstone Club.”
Membership in the Husky Cornerstone Club is granted to donors who make gifts (of any amount, to any area of the university) in two or more consecutive years. Benefits include special access to campus events, recognition in the published donor roster, and fun gifts (like decals or key chains) so alumni and parents can show their Husky pride. Members also receive insider updates so that they’re the first to see what the university is accomplishing as the result of their donations.
Northeastern isn’t alone. Many other programs have launched similar clubs or societies in recent years. Brown University (whose annual fund was founded exactly 100 years ago as the “Loyalty Fund”) launched the 1764 Society to recognize donors with five or more consecutive years of giving. Dartmouth College’s Hal Ripley Society recognizes donors who have given every year since graduation.
Donor loyalty programs come in all shapes and sizes. Beyond the basic requirements, some offer premium membership with added benefits for reaching milestones (e.g., 20 years of consecutive giving) or the opportunity to “buy back” years in which a donation was missed. Others use their clubs or societies as a way to engage volunteers through advisory councils or by appointing chairs to lead their membership efforts.
One thing that is consistent across all of these programs is that their primary goal isn’t to maximize the the amount of money raised. Instead, it’s to encourage annual support (regardless of gift size) and to celebrate one of the most valuable things of all…loyalty.
Is your online giving form up to snuff? One way to tell is by measuring its conversion rate. This is the percentage of visitors who end up making a donation. While it can vary widely depending on the type of program or institution, it typically ranges somewhere between 30-50%. In some ways it’s similar to phonathon program’s conversion rate (i.e., the percentage of those prospects who answer the phone and then go on to make a pledge or gift.)
If your online giving form is experiencing a low conversion rate, then ask yourself some questions.
First, is your marketing at all misleading? Could your prospective donors think that your links (those in your emails, on your webpages, or in your social media) will take them somewhere other than your online giving form? Might they have expected to end up somewhere else?
Second, is your online giving form hard to use? Are your donors required to fill out more than ten fields? Do they have to click through more than four pages to complete their transaction? Does it include a lot of unnecessary text or distracting content? Is the design cluttered and cold? Does it feel like a shopping cart? Do they have “pinch and scroll” to view it clearly on a mobile phone?
If so, your online giving form may be due for a makeover.
Giving is an emotional experience. Do your best to make it a positive one.
Developing a household budget is a relatively simple task. First, you set aside money to live on – for rent, food, utilities, and (hopefully) a little fun. Then, you put aside money to invest in your future – for education, retirement, and other life goals. It’s not that different for nonprofit organizations. They also need money to grown on. Often, this comes from endowment or capital gifts that are invested or used to construct or improve facilities.
Educational, healthcare, and other nonprofit organizations need money to live on too. Typically, this comes from dues, tuition, and other fees. Unfortunately, this is rarely enough to fully support an organization’s operating budget, which is why annual funds are so important.
There is no single or universal definition of what should be counted in an annual fund. In fact, organizations choose to define their annual funds in many different ways. What is universal, however, is that nonprofits don’t just need money to help them grow. They need money to help them operate, to run, to work, to function.
They need money to live on. They need annual giving.
Phonathon programs, once the lifeblood of most annual giving programs, are facing new challenges every year. In 2013, the average phonathon accounted for less than 30% of annual fund donors and less than 15% of annual fund revenue at U.S. educational institutions.
As the world becomes more mobile and negative stigmas persist around telemarketing, phonathon contact rates continue to decline. Today, there’s only a 50% chance that someone will answer the phone each time a caller dials.
The truth is that running a phonathon program has never been easy. It’s just plain hard work. With staff retention rates often at or below 65%, every program needs an incentive plan. While “free food” continues to be a simple and effective way to motivate callers, other effective incentives today include guest speakers, “caller of the week” awards, and parties to celebrate milestone achievements.
At Southern New Hampshire University, the phonathon team wanted to create a point based incentive system that not only rewarded callers for productivity, but one that underscored that some outcomes were more desirable than others. They awarded extra credit for acquiring a new donor, upgrading an existing donor, or securing a credit card payment.
They also looked for ways to include callers in decisions about segmentation and script development. “We want our students to love their job”, said Lisa St. Hilaire, Director of Annual Giving at Southern New Hampshire. “We believe that the more the students are involved, the more motivated they’ll be to succeed on the phone.