donor cultivation strategies (terry vodery consulting)
TRANSCRIPT
Generation-Specific
Donor Cultivation Strategies
Donor Retentionvs.
Donor Cultivation
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
Basic Goal of Cultivation
Invest time and effort into your donor.
Donor makes an investment in your
organization.
Strategies for Specific Age Groups
Baby Boomers
Generation X
Generation Y (Millennials)
Baby Boomers
BoomersBorn between 1946 and 1964. Optimistic, driven, team-oriented.Technology-challenged.Their aging is changing America.Positive about retirementPhysically more activeActivism is re-emergeing
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
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
Generation XBorn between 1965 and 1980Entrepreneurial.Very individualistic.Want to save the
neighborhood, not the worldSaw introduction of computersCredit card debt.Cautious, skeptical
What Kind of Donors are They?
Make up 20% of total charitable giving
39.5 million donorsAverage giving $732Giving to 3.9 charities
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.
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
What Kind of Donors are They?
11% of total donors32.8 million donorsSupports average of 3.3
organizationsAverage gift $481
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.
Thank You!