A new way to find major and planned giving donors (VIDEO)

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Brian Gawor

Vice President for Research at Ruffalo Noel Levitz
Brian Gawor, CFRE, is a former annual fund and major gift professional who now focuses on research and benchmarking to drive fundraising strategy. He is also a doctoral student studying higher education giving.
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Major and planned giving donors are the key to the future of your organization. But gift officers tell us that they don’t have the tools to spend maximum time with the best donors.

We think there’s a better way to find big givers, which is why our new suite of major and planned giving solutions focus on:

  • Going beyond wealth screening with a customized, predictive model using up to 30 variables to determine which donors in your pool are ready to give.
  • Warming up donors with communications that thank them and lay out the giving needs of your institution or organization.
  • A personalized conversation with a trained giving professional before your gift officer visits to discover the donor’s passion and readiness for your visit.
  • Immediate scheduling: you get appointments with these identified, ready and excited donors.

It’s a new way to identify major and planned giving donors, and it could more than double your results.

This 3-minute video lays out the donor identification and engagement challenge and the new RNL strategy to maximize your gift officer success:

Connect with more major and planned giving donors

Contact us today to talk about how this game-changing solution can take your engagement of major and  planned giving donors to the next level. One of our major and planned giving experts can discuss how you can identify donors who are ready to give now and streamline your major and planned giving process. Continue Reading »

Key insights from our major and planned giving survey

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Brian Gawor

Vice President for Research at Ruffalo Noel Levitz
Brian Gawor, CFRE, is a former annual fund and major gift professional who now focuses on research and benchmarking to drive fundraising strategy. He is also a doctoral student studying higher education giving.
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We’ve just released the results of one the largest surveys ever of major and planned gift officers. We asked these fundraisers—who are responsible for working with the biggest donors to higher education and other charities—about their challenges and opportunities. The results paint a difficult scenario for top fundraisers:

  • 92% of gift officers want to spend their time differently.
  • 55% want to spend more time on solicitation—meeting directly with donors.
  • The average gift officer has 142 identified prospects assigned, but only makes 74 visits a year.
  • Less than a third say that they find wealth and propensity ratings “highly effective” in helping them determine which donors to approach.
  • On average, gift officers only feel that 37% of their assigned prospects are truly qualified to make a gift.

This is a time when big gifts are needed to make up budget shortfalls and economic challenges, especially in education. Major and planned gift officers don’t seem to have the tools they need to connect to the best donors. And it’s made worse by the fact that gift officers are more likely to be judged by activity (number of visits) rather than effectiveness.
Survey of major gift and planned gift officers

Helping fundraisers be more productive is more than just a way to increase giving. It also serves donors and increases their satisfaction with giving. Productive fundraisers also use a donor’s time wisely, as well as the resources of the organization—which have come from contributions.

How do we increase productivity for major and planned gift officers?

Two key shifts will help. First, prospect research needs to move from passive to active. Right now, fundraisers generally send a ton of communications to potential givers, but don’t necessarily listen as closely as they should to those donors. This requires truly interactive tactics like surveying donors and having good conversations before a meeting.

We can also now watch how donors respond digitally—if they open, if they read, and where they click—so we are connecting them to the opportunities they really care about. This means that when you meet with a donor, you’ll connect them to their giving passion more quickly.

The second big leap is moving from descriptive to predictive in using donor data. Wealth ratings certainly help describe the potential donors in your pool with the highest capacity. But they do little to predict who is ready to give now. That takes advanced multi-variable predictive modelling, and most organizations need help with that.

Respondents to the survey told us that they see significant opportunity to work with transformational donors. But time and resource pressure are the primary barrier to success. It’s time for some game-changing solutions.

Download the full study today, which includes quotes from major and planned gift officers along with our take on the results.

And if you’d like to take your major and planned donor identification program to the next level in a cost-effective and donor-centric way, drop me a line.

Major and planned gift officers talk about productivity

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Brian Gawor

Vice President for Research at Ruffalo Noel Levitz
Brian Gawor, CFRE, is a former annual fund and major gift professional who now focuses on research and benchmarking to drive fundraising strategy. He is also a doctoral student studying higher education giving.
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We recently released one of the largest surveys ever of major and planned gift officers. We heard answers from 270 professionals (with an average experience of 13 years each in fundraising) about their productivity and contact with top donors who make the biggest gifts. These professionals work with the generous donors who are funding key programs, establishing scholarship endowments, and naming buildings.

What we heard is that time pressure is a major roadblock for major and planned gift officers and on average, only about half of identified prospects receive a visit each year.  The reasons for this have a lot to do with the need for better tools and processes to focus on the right donors. Here are some of the stats:

Survey of major and planned gift officers

Click to enlarge

Download the full survey report today to read the full results and quotes from major and planned gift officers about productivity.

You can also hear about the results in our latest episode of Fundraising Voices.

If you would like to increase your gift officer team’s productivity, contact us today. We’ll show you a way to focus on the right donors, and to serve up appointments with your top prospects, warmed up and fully researched, to use your time and your donors’ time better.

Friday Update: Major major gifts

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Brian Gawor

Vice President for Research at Ruffalo Noel Levitz
Brian Gawor, CFRE, is a former annual fund and major gift professional who now focuses on research and benchmarking to drive fundraising strategy. He is also a doctoral student studying higher education giving.
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The Friday Fundraising Update collects fundraising industry insights and success stories and delivers them to you each Friday from Ruffalo Noel Levitz.

This week, some great articles from the major gifts and campaign world.

From around the web:

Spotlight: What gift officers say about productivity

With growing expectations and rising costs, big dollar major gifts are being seen as a key to long-term funding success. How can your institution discover more major gifts and planned gifts when resources are tight and turnover is a growing concern? Join us for the release of one of the largest surveys ever of major and planned gift officers. You’ll be one of the first to hear the results!

Register for this first-of-its-kind look at the major opportunities—and obstacles—gift officers face when working to secure transformational gifts.

Major gifts webinar

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Friday Update: Planned giving

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Brian Gawor

Vice President for Research at Ruffalo Noel Levitz
Brian Gawor, CFRE, is a former annual fund and major gift professional who now focuses on research and benchmarking to drive fundraising strategy. He is also a doctoral student studying higher education giving.
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The Friday Fundraising Update collects fundraising industry insights and success stories and delivers them to you each Friday from Ruffalo Noel Levitz.

This week, some great articles on planned giving programs.

From around the web:

Spotlight: Major and Planned Giving Success Kit

We’ve recently released a Major and Planned Giving Success Kit, which collects some of our recent webinar, white paper, and podcast material on major and planned gifts. Download the success kit today to explore how you can amplify your fundraising results from your major and planned giving programs.

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Podcast: Major and planned giving productivity

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Brian Gawor

Vice President for Research at Ruffalo Noel Levitz
Brian Gawor, CFRE, is a former annual fund and major gift professional who now focuses on research and benchmarking to drive fundraising strategy. He is also a doctoral student studying higher education giving.
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Podcast on major and planned giving productivityYou just can’t book big gifts if your fundraising team isn’t productive. This is a top concern for fundraisers who are being asked to book bigger and bigger giving totals each year. Ruffalo Noel Levitz talked to hundreds of major and planned giving fundraisers in 2016 and heard some common roadblocks that are holding teams back: finding the right donors to talk to, supporting gift officers with good information and training, and preparing donors and fundraisers for great visits. Add in gift officer turnover, and many organizations are struggling to reach their fundraising potential.

So we embarked on the creation of a solution that’s great for both donors and fundraisers. This podcast features 7 RNL leaders providing a look “under the hood” to show how the solution came together.  They discuss what increasing productivity can mean for your aspirational fundraising goals.

Included are:

Ready to ramp up major and planned giving productivity?

Making Major Giving and Planned Giving More Productive

Click to get the paper

Start with our white paper, Making Major and Planned Giving More Productive, which illustrates how increases in efficiency and productivity can have a dramatic impact on your big gift results.

Find our more about RNL major and planned giving solutions, including case studies and testimonials at advance.ruffalonl.com.

And read more about our take on major and planned giving productivity at blogfm.ruffalonl.com.

Donor warming: major and planned giving for the modern advancement team

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Josh Robertson

Vice President of Product Strategy at Ruffalo Noel Levitz
Josh has over 17 years of experience in the industry, oversees fundraising strategy, analytics and product development and has worked with over 100+ institutions.
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The second in a four-part series on how institutions and nonprofit organizations can re-imagine how to identify, warm, and qualify major giving and planned giving prospects, along with how to analyze the success from those efforts. Read part 1 here.

Part 2:  Keeping your major gift prospects warm

You have donors with propensity to give and you have donors with predicted wealth. As we discussed in the first blog in this series, when those two attributes combine you have what many consider to be the perfect major giving prospect.  For those entering or in a campaign, you likely have identified a large new cadre of major gift prospects that you hope and expect are primed for making a transformational gift.

So now it’s time to assign a major gift officer and begin qualifying this large pool of new major giving prospects through personal outreach…or is it?  There are two roadblocks that we have to overcome before we embark upon the engagement and qualification calls that are part of donor warming:

  1. Donor education about major giving: Most major giving prospects will have a long history of giving and may be inclined to continue giving. That said, past communication from your organization may not be conveying your transformational gift opportunities. Educating these loyal donors is key before any qualification call.
  2. Major gift officer portfolio size: While having a large group of identified prospects can seem like a great problem to have, the reality is a large group of new prospects with no history of making major gifts can very easily fall under your gift officer radar. These new opportunities aren’t likely going to rise to the top of a major gift officer list of donors to engage, especially when they are trying to close gifts from proven major donors. Commonly, these prospects are also removed from at least some of the annual giving appeals, which means a group of proven donors can begin to languish, ignored, without the same level of outreach that they have come to expect from your organization. Big gift officer portfolios, instead of opportunity, can spell disaster.

Continue Reading »

Major and planned giving for the modern advancement team

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Josh Robertson

Vice President of Product Strategy at Ruffalo Noel Levitz
Josh has over 17 years of experience in the industry, oversees fundraising strategy, analytics and product development and has worked with over 100+ institutions.
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The first in a four-part series on how institutions and nonprofit organizations can re-imagine how to identify, warm, and qualify major giving and planned giving prospects, along with how to analyze the success from those efforts. Read part 2 on donor warming.

Part 1: Going beyond wealth ratings to find your best major giving and planned giving prospects

Just about every major giving and planned giving program uses wealth ratings to look for qualified donors. While these services are far from perfect, they have been helpful in focusing the efforts of giving teams and ensuring that they are not flying blind and guessing about donor capacity. From conversations with hundreds of giving professionals, we’ve learned that the reduction of time between campaigns is now causing institutions to take a hard look at how they are identifying major giving and planned giving prospects; now questioning if wealth ratings alone are truly the golden fleece institutions need.

While wealth research can uncover capacity, it often misses on determining propensity. Propensity is more than just the giving history of your donors; it’s the level of engagement with your cause and how a donor is attached to your giving organization. To increase major gift productivity, you have to apply a more sophisticated level of analytics and modeling to uncover donors who have the right combination of capacity and propensity.

The new propensity model

Continue Reading »

The next generation of planned giving donors

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Chris Hughes

Director of Fundraising Strategy at Ruffalo Noel Levitz
Chris Hughes is a former Director of Annual Giving who has more than two decades of experience in fundraising, marketing, public relations and organizational success in higher education and nonprofit fundraising.
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Too often in fundraising, planned giving gets associated solely with targeting retirees or donors who are in their twilight years. In today’s environment, however, planned giving has a much broader potential audience.

planned giving white paper

Download this new white paper on how to engage planned giving donors in their 30’s and 40’s.

Society is now going through what is commonly referred to as “the great wealth transfer.” This is an unprecedented opportunity for your planned giving program to capture donor passion and transform your organization.

Which segment of your donor and prospect database is the best target for planned giving discussions? It may surprise a lot of fundraisers and nonprofit organizations to learn that research indicates the answer to that question is Generation X.

Our new Ruffalo Noel Levitz fundraising white paper, The Next Generation of Planned Giving, addresses Continue Reading »

Friday Fundraising Update – Planned Giving – 10-23-15

The Friday Fundraising Update
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The Friday Fundraising Update

A weekly collection of fundraising industry insights and success stories, delivering them each Friday to your inbox. Have a suggestion for a future edition? Email Brian at Brian.Gawor@RuffaloNL.com
The Friday Fundraising Update
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Friday-Fundraising-Update

The Friday Fundraising Update collects fundraising industry insights and success stories and delivers them to you each Friday from Ruffalo Noel Levitz.

We had so much positive feedback from our planned giving post from earlier this week – thank you! This Friday, we will continue the conversation on planned giving with a litany of great resources.

Don’t forget about planned giving

Michael Rosen writes a compelling piece on his blog on the importance of planned giving as part of your organization’s fundraising efforts, particularly as the calendar year draws to a close. He reminds us that not all planned gifts = deferred gifts! Continue Reading »

4 Nerdy Ways to Look at Annual Giving

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Brian Gawor

Vice President for Research at Ruffalo Noel Levitz
Brian Gawor, CFRE, is a former annual fund and major gift professional who now focuses on research and benchmarking to drive fundraising strategy. He is also a doctoral student studying higher education giving.
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nerdythumbAs the guy over here who has put on a lab coat to make a presentation on the science of giving, I fully embrace my inner nerd. We need to bring the best of science: psychology, sociology and human behavior theory to our work as fundraisers.

Here are two ideas I return to a lot when I think about giving and two nerd-tacular pieces of proof that show they are working. (No lab coat is required). Continue Reading »

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