Advice for Engaging Millennials – An Interview with Achieve and the Case Foundation

Share

Millennials are part of a unique generation that is young, tech savvy and well-educated they are also one of the most active when it comes to donating and volunteering.

Kari Saratovsky of the Case Foundation and Derrick Feldmann of Achieve discuss the results of the new 2011 Millennial Donor Research and what it reveals about this generation. This interview focuses on how nonprofits can more effectively engage millennials through their giving and volunteerism programs and overall communication strategies.

Click here to watch the complete interview. 
To download the 2011 Millennial Donor Research report go to: www.millennialdonors.com

Giving Circles Key Tool for Women and Millennials

Share

By Angela White, Senior Consultant and Chief Operating Officer, JGA

Over the past decade, the concept of a giving circle has established itself as a growing and effective philanthropic trend among all wealth levels and backgrounds. The social aspects of giving circles, however, also make them uniquely suited for two rising philanthropic audiences – women and Millennials.

A 2009 report on giving circles, demonstrated their effectiveness showing that giving circle members give more, give more strategically, and are more knowledgeable about nonprofits in their communities. 

[You can download the full report and access tools to learn how to set up your own giving circle from start to finish at The Giving Circles Knowledge Center, hosted by the Forum of Regional Associations of Grantmakers.]

But it is their unique ability to combine social interaction and peer-to-peer fundraising that makes giving circles stand out as a trend for the future. 

In my work in women’s philanthropy and in JGA’s ongoing research on millennial donors, we have seen evidence that both of these audiences look for the ability to combine their giving decisions with their interactions within their community, family and friends. Both audiences seek to make philanthropy a social activity.

For example, in our 2011 Millennial Donors study with our partner Achieve, we found that Millennials want to engage with friends and family in volunteering, are motivated to give by friend or peer endorsement and are more likely to trust an organization if their friends or family endorse it.

I’ve also seen some interesting examples of giving circles working to successfully engage women donors.

First, there is the High Water Women group.  Founded in 2005 by senior-level women in the hedge fund industry, High Water Women provides funding to nonprofit partners while also sharing its members’ financial expertise with the nonprofits.  

Looking at the next generation of female donors, check out GirlUP.  GirlUp gives girls in the US the opportunity to raise money for U.N. programs that reach girls in other countries.

As you can see, giving circles are already being employed effectively with women and girls, but what about the Millennials?

It may be a case of lack of education. While in theory giving circles should lend themselves well to young donors who seek socialization with their giving, our research shows that 50% of Millennials were uncertain about the role of a giving circle.

To me this means we have a wonderful opportunity to engage Millennials in giving circles once we first show them how Giving circles can help them combine fun and philanthropy.

Do you have any examples of successful giving circles for women or Millennials you can share?

Audio Interview with Carol Weisman, President of Board Builders

Share
By Derrick Feldmann    
 
I sat down with board expert Carol Weisman at the Association of Fundraising Professionals National Conference in March. In the interview she discusses how she thinks boards need to progress in the future. Plus, listen to how she was able to turn a near donor mishap into a donor succes story.                                        
 
“What is happening in a lot of board rooms is that instead of bringing really bright people together to read it and affirm it, is to actually have board members that are interactive so that people are actually talking.” – Carol Weisman, president of Board Builders.
 
Listen to the full audio nterview with Carol here.
 
For more information about Carol Weisman or her work with nonprofit boards go to: www.boardbuilders.com

3 Things Your Nonprofit Must Know About Millennials

Share

By Jessica Journey

As a millennial in the nonprofit sector, I’m often asked to offer insights into the perspective of my peer group. Not assuming that my personal preferences are indicative of an entire generation, I find myself looking for research on millennials. Recently, I’ve read:

Each work attempts to explain the millennial mindset. Here are some critical learnings that I wanted to share with you:

We, as Millennials, are relationship-oriented. That’s why we love technology – it helps us connect with people we care about. So, don’t expect to recruit us as volunteers or solicit us as donors by simplistic attempts through social media. Sure, meet us where we are, but don’t forget to be formally introduced to us – through someone we know. We trust the advice, referrals, and endorsements of our family and friends. Remember that we value people!

We, as Millennials, are accustomed to accelerated rates of change. We embrace transformation as a fact of life. That’s why we love trends – they help us keep up with what’s relevant. So, don’t expect to convince us that your cause is compelling with a quick story and a statistic. We need to know that what you are doing matters right now and that you offer a contemporary solution to complex social problems. Remember that we value relevancy!

We, as Millennials, are optimistic achievers. We want to make the world a better place, and we think we are capable of making it happen. That’s why we love getting involved – it helps us to use our skills to benefit others. So, don’t expect us to sit back and wait for an invitation from your organization. We’ll just volunteer with another organization, or we’ll start our own initiative. Either your nonprofit will benefit from our commitment to service or someone else will! Remember that we value postive impact.

The Millennial Generation is on track to becoming the most influential generation the United States has ever seen. Is your nonprofit ready for us?

Stalking the Elusive Millennial Loyalty

Share

By Derrick Feldmann

“Is there any way to generate loyalty among Millennials?” “Is it possible to engage them?” 

I get these questions a lot when I speak about Millennials (age 20-30) and their involvement in causes. What I often find, though, is that the problem is not generating loyalty and engagement but, rather, defining those terms. Many organizations are relying on outdated concepts of loyalty and engagement and, therefore, they are failing to recognize, embrace and encourage the loyalty and engagement that already exists or could easily be generated. 

Simply put, loyalty and engagement look different today than just a few years ago. I will use myself to illustrate the point. I consider myself a donor who is loyal to the organizations I support. Why? Because I read their emails, visit their websites, follow them in social media and volunteer when I have the time (wish I could do more). If I had to take a quiz on those organizations’ activities, I think I could at least score a “B.” I feel confident I could tell others about the organizations’ work, giving the “this is what they do” speech and even asking for money if I had to. 

Do these organizations think that I am loyal and engaged? Probably not. Why? 

All of this activity, knowledge and behind-the-scenes evangelizing does not register with most organizations because they’re too busy organizing and measuring in-person activities. As a result, they don’t acknowledge such participation as a statement of involvement or see the donor from a more comprehensive approach. 

This conundrum often is most visible in higher education. Just about every university strategic plan includes a theme for “bringing alumni back to campus.” Unfortunately, this is a driven by a skewed view of alumni engagement, especially for recent graduates. Think for a minute: When was the last time you went back to campus or participated in an alumni event? Been a while? So, does that mean you are not a loyal alumnus? Nope. 

What your absence from campus probably means is, in this time-crunched world in which we live, you are reserving in-person engagement for those organizations that you feel must have or truly deserve a portion of your limited time. Still, do you ever follow your university in the news? Ever watch your alma mater’s teams defeat your rivals? Ever visit the school’s website to find alumni updates? You seem pretty loyal and engaged to me. Nonetheless, until you participate in person, your alma mater might consider you unengaged and uncaring. 

How can organizations address this kind of loyalty and engagement? By changing their culture to reflect the differences of involvement, especially with Millennials. While your organization might see involvement, loyalty and engagement reflected by in-person activities, the Millennials see it differently. This generation gets informed, involved and engaged without being onsite. Millennials spread messages through technology. They text, call and email friends to tell them of your work. They sit in coffee shops with friends and family members and talk all night about you. 

So: Still think they lack loyalty? 

Does all of this mean I am advocating for a technology-based approach? No. I am advocating for a new form of engagement and loyalty. I am advocating for new expectations, benchmarks and goals. 

How can you embrace these new approaches? Take three simple steps: 

Incorporate New Benchmarks for Engagement
For fundraisers, it’s time to incorporate new benchmarks for involvement. Move beyond conversion and transaction and incorporate engagement benchmarks into all reports. This includes “opens,” “clicks” and other measurements of online content viewing. It also incorporates new elements of action steps: Measure how many people respond to questions, polls, queries and call-to-action buttons in content. Then look at how many convert to higher engagement. Using this graduated scale of involvement, challenge yourself to increase each statistic. 

Create a Group of Online Advocates
Develop a group of online advocates to spread messages, write content and develop online conversations for you. Stop thinking that you need to generate this in-house. Become a facilitator of the conversation rather than the creator. Create this team to write about your work in various styles for different audiences. Your scribes could write about recent happenings, new ways to think about supporting the organization, and how you tackle issues. Let them become your personal journalists. Help them create a movement for you rather than creating one for yourself.

Reward Loyalty Differently
Track the people who make at least one or more online mentions of your organization and recognize them on your site. Create new online opportunities to share with people in the community who spread your work. Provide unique opportunities for individuals who talk about you to experience things before others. Give sneak peeks of new initiatives, provide information to your loyal evangelists, and create a unique community site for these loyalists to receive updates and other forms of impact from donor support.

So, with these steps, can you create loyalty? Absolutely … but, at the same time, you’ll need to refine how you measure loyalty and engagement. Stop rewarding only offline activity, and begin to incorporate all forms of involvement. It could be the solution to how your organization grows its donors for the long term.