What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
Giving Compass' Take:
• Ashley Waterson, writing for PhilanTopic, describes seven different donors and the ways to engage with each of them.
• How do you engage with nonprofit organizations?
• Here are five things nonprofits want donors to know.
In 1994, a team of social scientists conducted a study to determine what motivates an individual’s interest in and support for a nonprofit organization. Their research concluded that donors fall into seven distinct groups, which they dubbed "The Seven Faces of Philanthropy" (Maru, Karen & Prince, Russ Alan. Jossey-Bass 1994).
Astonishingly, we tracked down seven donors, one from each category, and asked them what they respond to when it comes to engagement.
Here's what we learned...
Name: REGINA REPAYER
Her motto: "Pay it forward."
Why she gives: Regina was positively affected by a nonprofit when she was a child. Now an adult, she feels a strong sense of obligation to give back to organizations that have missions similar to the one that helped her.
How to approach her: Regina is likely to be moved and motivated by hearing the personal story of an individual whose life was deeply affected by the work of your organization.
How to involve her: Regina might be interested in volunteering with your organization and might even be willing to tell her own story as part of a campaign.
How to thank her: Regina doesn’t want individual attention or recognition, but a handwritten thank-you note is always appreciated.
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Name: INGRID INVESTOR
Her motto: "Doing good is good for business."
Why she gives: Ingrid runs a large corporation and understands that partnering with and supporting nonprofits is a good look for her company. She is skilled at cost-benefit analysis and wants to know how her gift to your organization will be used to create the most impact. Just like her stock portfolio, Ingrid diversifies her giving among a range of organizations.
How to approach her: Ingrid wants charts and numbers — data that supports exactly how her gift will be used in the present and will contribute to a better future. She wants to be assured that her gift is not just changing one life, but potentially dozens of lives. And yes, she’d like you to talk with her about ROI.
How to involve her: Show Ingrid you appreciate her business savvy as well as her generosity. Invite her to join your board and finance committee. Solicit her thoughts on scalability. And do your best to persuade her that having her company be a sponsor of your next event is a win-win for both organizations.
How to thank her: Ingrid typically appreciates both public and private acknowledgement of her contributions.
Read the full article about how to reach donors by Ashley Waterson at PhilanTopic.