The Cornerstone Club
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 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.
Want to learn more? CLICK HERE for AGN’s Webinar on Donor Loyalty Programs.