donor cultivation strategies (terry vodery consulting)

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Specific Donor Cultivation Strategies

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Page 1: Donor Cultivation Strategies (Terry Vodery Consulting)

Generation-Specific

Donor Cultivation Strategies

Page 2: Donor Cultivation Strategies (Terry Vodery Consulting)

Donor Retentionvs.

Donor Cultivation

Page 3: Donor Cultivation Strategies (Terry Vodery Consulting)

Retention Vs Cultivation

Keeps donors involved the same way they are now

Donor remains at the same giving level

Keeps donors coming back more frequently

Encourages larger gifts

Results in more frequent gifts

RETENTION CULTIVATION

Page 4: Donor Cultivation Strategies (Terry Vodery Consulting)

Basic Goal of Cultivation

Invest time and effort into your donor.

Donor makes an investment in your

organization.

Page 5: Donor Cultivation Strategies (Terry Vodery Consulting)

Strategies for Specific Age Groups

Baby Boomers

Generation X

Generation Y (Millennials)

Page 6: Donor Cultivation Strategies (Terry Vodery Consulting)

Baby Boomers

Page 7: Donor Cultivation Strategies (Terry Vodery Consulting)

BoomersBorn between 1946 and 1964. Optimistic, driven, team-oriented.Technology-challenged.Their aging is changing America.Positive about retirementPhysically more activeActivism is re-emergeing

Page 8: Donor Cultivation Strategies (Terry Vodery Consulting)

What Kind of Donors are They?

Represent 43% of total charitable giving

51 million donors in U.S.$1,212 average giftGiving to 4.5 charities

Page 9: Donor Cultivation Strategies (Terry Vodery Consulting)

How Do We Cultivate Boomers?

Self Expression – Talk to your donors

Volunteerism – Give them an opportunity to make an impact.

Value – Be set apart from other organizations

Page 10: Donor Cultivation Strategies (Terry Vodery Consulting)
Page 11: Donor Cultivation Strategies (Terry Vodery Consulting)

Generation XBorn between 1965 and 1980Entrepreneurial.Very individualistic.Want to save the

neighborhood, not the worldSaw introduction of computersCredit card debt.Cautious, skeptical

Page 12: Donor Cultivation Strategies (Terry Vodery Consulting)

What Kind of Donors are They?

Make up 20% of total charitable giving

39.5 million donorsAverage giving $732Giving to 3.9 charities

Page 13: Donor Cultivation Strategies (Terry Vodery Consulting)

How Do We Cultivate Them?

Explain how the organization solves problems within the community.

They are most likely to attend special events.

Use hard copy of direct mail and expect them to respond online.

Page 14: Donor Cultivation Strategies (Terry Vodery Consulting)
Page 15: Donor Cultivation Strategies (Terry Vodery Consulting)

Generation Y (Millennials) Born between 1981 and 2000.

Optimistic, and focused. They celebrate diversity. They schedule everything. Have never known a world without

computers! They want fast and immediate processing. They have been told over and over again

that they are special

Page 16: Donor Cultivation Strategies (Terry Vodery Consulting)

What Kind of Donors are They?

11% of total donors32.8 million donorsSupports average of 3.3

organizationsAverage gift $481

Page 17: Donor Cultivation Strategies (Terry Vodery Consulting)

For Cultivating Millennials Remember: Pay attention to the website. It’s

the first place they go for info on the organization.

Use social networking.Show them how their dollars are

being used.Introduce the concept of monthly

giving.Show donors how the organization

has a global impact.

Page 18: Donor Cultivation Strategies (Terry Vodery Consulting)

Thank You!