“Donations from individuals are already an important source of income for the voluntary sector — making up nearly 22% of income in 2011/2012. And this funding is particularly valuable because ittends to be flexible and unrestricted. We know that older people currently give more, so charities could enjoy a funding bonanza as the baby boomers retire with more access to financial resources and even greater potential to give both during their lives and after death.”
– Susie Rabin, Project Manager, Commission on the Voluntary Sector & Ageing
– Dinah McKenzie, Senior Consultant and Ria Bowler, Communications Manager, NPC
Selling part of your company is a lot like seeing your child walk off to their first day of kindergarten and start a life without you. It’s an important moment, a time for reflection — and a little terrifying.
Finding and then attracting the right investor can feel impossible, especially if it’s your first time raising capital…
Leverage your network. To begin the process, you’ll want to look to the people closest to you. Your circle often turns out to be a lot larger than you think when you add in your alumni networks, colleagues, relatives, clients and social media connections. Look for people who are involved in investments or have started companies themselves. Start the process of reaching out to them for ideas. If you don’t already, start having regular lunches and coffees with old friends and colleagues.
“We’ve been working very closely with educational institutions on relationship mapping projects for a long time and, as a result, we appreciate how important alumni employment data is to their fundraising efforts. As more and more people put their information online, we have found ourselves in a unique position to help universities and other educational institutions by using our proprietary data-gathering software to scrub the web for that information.
“We estimate that we can deliver profiles on 35-50% of an institution’s entire alumni database, and we guarantee both 100% accuracy and a high match rate. Most importantly – because we understand how important it is to have the most current information – our service also includes quarterly updates to highlight any changes that have taken place after the initial delivery of the data.”
– Tatia Zuloaga, Director of Sales & Marketing via www.prospectvisual.com
If you’d like to make an inquiry about our Append / Alumni Profiling service or would like to download a free sample file of your own alumni please use the form below to make your request.
A distinguishing characteristic of self-made millionaires is that they network everywhere. Most important, they do it all the time–at business conferences, at the health club, on the golf course or with the person sitting next to them on a plane. This fact alone should motivate you to place yourself in situations where you can meet new people.
– Ivan Misner via Facebook.com (Click here to view original post)
For an entrepreneur, the ability to forge connections is a great asset. When you’re conducting business in a field where you don’t have specialist expertise, it’s often the only way to get a job done right. When our team at Virgin wanted to go to space, I looked for the best engineer in the world to help us build a spaceship. Once we’d connected with Burt Rutan, creator of the revolutionary SpaceShipOne, we were able to get to work on creating Virgin Galactic.
Duke University has yet again surpassed its previous impressive fundraising efforts by setting a new record-high – $441.8 million in donations for the 2013-2014 fiscal year (up 7.5% from the last year). Their number of donors went up, from 109,013 to 110,962.
What’s The Recipe For Success?
According to a story from The Durham News, the consistent increase in donations can be attributed to the continued support of both alumni and friends of the university. Duke President Richard H. Broedhead said, “The generosity of Duke alumni and friends expands the potential of what Duke can do – creating transformative opportunities for our stellar faculty and students and providing resources for them to continue engaging with global problems.”
It’s All About The Relationships!
It’s clear that Duke has been doing a phenomenal job keeping both their alumni and trustees engaged, fostering their desire to give back to the university. This can clearly be seen as alumni, parents, students and friends of Duke all contributed to a $35 million donation to the Duke Annual Fund which helps cover the cost of financial aid, faculty support and educational programming for all of Duke’s undergraduate, graduate and professional schools, as well as the operations of the libraries, Duke Gardens, Duke Chapel and Nasher Museum of Art.
Among other notable contributions, alumni J. Michael and Christine Pearson made the largest single gift to Duke in 2013-14, a commitment of $30 million to the Pratt School of Engineering to advance engineering and science education across the university. These contributions are only a few of the other large donations made to the university by alumni and friends – all of which show the value and importance of maintaining relationships with constituents.
More than ever, networking is critical to an individual’s success in business. A strong contact network, also known as a business development network, where one person from every profession is actively seeking business from and for one another, can help create a virtual Main Street for businesspeople. It provides an environment and a system for a 21st century approach to the traditional model of doing business.
Current donors epitomize the best prospects for future gifts while new supporters represent an untapped resource for your organization. Using the basics of stewardship and donor relations, your existing donors and new supporters can become the lifeblood of your charity.
“In a professional setting, people like to have relationships with those that can help their careers or businesses. Be that person. If you assert yourself, it will invariably help both your network and your reputation.”
The gold key that unlocks the door to successful fundraising is building relationships that endure. The adage “people give to people” is true, whether you are seeking funds from foundations, corporations or individuals.