Why a prospect researcher should care about women’s giving circles

woman falling in line holding each other

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Pooling individual donations. Learning about different causes. Networking with others who also care about the community. Deciding together where and how funds are granted. Reveling in collective philanthropic pursuit. It describes the heart of a typical giving circle.

Giving circles (GCs) are changing the face of community philanthropy, according to a research study called The State of Giving Circles Today, generated by the Collective Giving Research Group, last fall.

(Read it here.)

GCs are dominated by women, who are particularly attracted to collaborative decision (grant)making, and they’re growing across the USA at a rapid speed. GCs have tripled in number since 2007 to more than 1,000, according to the study. About $1.3 billion has been granted through these GCs, making them a credible force in modern philanthropy.

The resourceful prospect researcher in me can’t ignore this trend. In fact, I see incredible opportunity here when it comes to better understanding who these GC members are, from a demographic perspective, and how I can help connect them to my cause. (Prioritizing women donor prospects is a professional and personal mission.)

The skeptical prospect researcher in you may conclude, “This isn’t my organization’s giving vehicle, so, these aren’t our people.” It could be especially so if you work in an institutional major giving environment, like faculty-based fundraising at a university or in grateful patient-based fundraising at a hospital foundation. How could a WGC member possibly contribute to your charitable efforts? Well, here are four reasons why even you should care about her:

The donor pool is shrinking

In Canada, charities are relying on an ever-smaller proportion of the population for donations, according to a recent report called Thirty Years of Giving in Canada. Total donations have continued to rise only because those who give are giving more. And those are who are giving more? This shrinking segment is aging.

(The executive summary here is worth reading for all North Americans.)

As a philanthropy professional focused on the long-term future, it’s clear we need to discover and speak to a wider range of Canadians, including more women, young people and recent immigrants, to sustain fundraising efforts. Building their trust in our organizations, through professional fundraising and communication, takes time.

Enter GC members. As mentioned, the number of GCs around the world is growing, particularly in the USA. About half of all GCs that are active today started in 2010 or later. The Collective Giving Research Group counted at least one in each American state. But not only are they growing in numbers, GCs tend to engage a diverse range of donors. More than half of the membership are women, of 70 per cent of all GCs reported. A rise in LGBTQ GCs, as well as those focused on different cultural and ethnic groups, mean GCs better represent the diversity of the broader population.

It’s time to start including GC members in a prospect researcher’s pipeline of new donor leads. We need to reach out to new communities of donors or we may find ourselves in a crisis of few giving prospects, twenty (or even ten) years from now. I don’t know about you, but I’ll still be part of the non-profit workforce then and still pursuing new donor leads.

GC members are already close to you, but you probably don’t know them (yet)

They already grant in your community. In fact, 84 per cent of GCs made grants in their local geographic area, according to the study.

They may not look like your usual suspects of high net worth businessmen who reside in major urban areas. You likely won’t read about GC members in the business section of your city’s newspaper.

Still, they’re in your ‘hood. They’re contactable and engageable, which I consider a strong factor in pursuing new leads that my fundraising peers can successfully “touch.” GC members just need to be discovered by you and me.

GC members are deeply philanthropic

Another strong factor in identifying a high-quality prospect is her level of philanthropic interest and intent. For me, her caring about philanthropy supersedes her financial capacity. Moving beyond the capacity equation is a positive trend I’ve noticed among many prospect researchers at past Apra conferences and on social networks. This is also reflected in recent revisions to Apra’s Body of Knowledge prospect research domain, where we consciously prioritized learning about philanthropic interests and networks ahead of financial capacity evaluation.

(Find the revised BOK here by logging in if you’re an Apra member.)

So what if she has money? Is she motivated to give back? To your charity?

It turns out that GC members are indeed more motivated than most to give back, even beyond their respective circles. They are more generous than non-GC members (in income brackets up to $100,000 annually) and a significant 88 percent are also active volunteers as well as donors. (Are you perennially searching for advisory or board prospects?) Most GC members also tend to use other giving vehicles like online giving and donor advised funds.

In my capacity as a prospect researcher, I’m looking for her giving interest and intent first; and determining her financial capacity second. The fact she may already belong to a local GC increases her overall giving and governance potential. And stressing her attachment to philanthropy is increasingly key given that many Canadian donors are more critical of charities and non-profits.

An affordable method for doing your own effective philanthropy

Most of my colleagues give back. I’m guessing you already do as well, especially your time and talent to worthy charities of choice, but I wonder whether GCs have crossed your path? Prospect researchers already hold highly-developed knowledge of the philanthropic sector, so perhaps we can find our way toward each other and practice good giving in a more circular way?

The GC concept feels like a good gateway for bringing together like-minded individuals to talk about and educate one another about causes they care about, high net worth or otherwise. You don’t need a lot of money to contribute. Pooling gifts will inevitably increase collective impact especially over time.

Live philanthropy daily! Give back what you can of your time, talent and treasure no matter how small or large. Finding a giving circle of your peers where you reside may be a good place to start or elevate your own philanthropic journey.

Full disclosure: I’ve recently joined an advisory committee that is advocating for growing giving circles beyond the USA, called Women’s Giving Circles International. As the sole prospect development professional, I’m trying to apply knowledge gained here to my own philanthropic plan. If you’re already involved in one or interested in starting a giving circle of some kind, please contact me.

 

 

 

Prospecting for the Single Girl

When we stop pitying single women, then we can finally begin to understand, appreciate and pursue them as the promising prospective donors they truly are for charitable advancement. It’s about time, wouldn’t you agree? Have a listen to my latest audio message about this topic.

PRESS PLAY HERE

I hope you care enough to comment, but do ask you to keep your comments constructive.

As I raise my “crazy cat wrangler” coffee cup to you on International Women’s Day this week, thank you so kindly for listening.

~~~

Post-audio references:

Andrea Bain, Single Girl Problems: Why Being Single Isn’t a Problem to be Solved (Dundurn Press, Toronto, 2018)

IUPUI Women’s Philanthropy Institute – Do Women Give More? Research summary – https://philanthropy.iupui.edu/doc/institutes/exec-summary-wpi-blue.pdf

#IWD2018

#ResearchPride

 

 

Talk on Twitter, Tomorrow! #FemaleFund

Copy of Black and White Abstract Photo Fashion Event Poster

To be frank, I’m hyper-conscious of the fact that most of my prospect research continues to focus primarily on middle-aged to older white men. Demographically, this will not continue to make sense as the years go on. But I keep hearing that the philanthropic sector is lagging behind demographic reality. Still, instead of continually perpetuating white male supremacy in my research practice, I’m going to change things up, one prospect profile or list of prospects, at a time. Will you join me? Will you help me, please?

I hope you’ll contribute to the conversation on Twitter and discuss ways that researchers, fundraisers and other non-profit stakeholders can move on gender equity from our special, privileged places.

After the marching, let’s continue the dialogue with specific respect to our third sector.

Some questions we’ll ask of you:

Q1 – The first question goes to #ProspectResearch pros: is researching women donors all that different from researching men? How? Or why not?

Q2 – Women’s contributions in philanthropy often remain hidden. What practical steps can we take to change that? No matter your role in the #nonprofit space, please weigh in.

Q3 – How does academic research on women and giving influence your fund development strategies, if at all?

Q4 – Tell us your opinion on *women’s giving* programs. Do you need one in order to increase women’s philanthropy at your organization? If you have one, what makes it effective and successful?

Q5 – Drawing from our communities in #prospectdevelopment, #fundraising and #philanthropy, tell us about a woman (or women) who inspires you.

For the second half of our live hour-long tweet fest, we’ll turn the questioning over to Vanessa Chase Lockshin, who plans to ask you the following questions:

Q6 – In your opinion, what could non-profits do to create work environments that are more inclusive and supportive of women?
Q7 – What are your favorite professional development resources that have supported your career growth?
Q8 – What could non-profits and/or the fundraising profession do to increase the number of women in fundraising leadership roles?
I can’t wait to hear your thoughts on these topical areas and help develop some solutions.
All are welcome. Talk to you real soon.

Resolution

Do something good for someone who cannot thank you.

Feeling Included, Thanks!

Do you hear what I hear?

Presenting my very first audio-log and it’s a greeting of my gratitude for you, dear readers and engagers of A Few Great Women. It’s only four brief minutes so pour your beverage of choice and tune in.

LISTEN

Please feel free to post a comment; let me know what you think. This space is better with your thoughtful reactions.

Also check out Lady Links and Donations at the Diva Level for the latest resource and gift updates specific to women donors.

PS: Here’s the link to Teresa Younger’s interview mentioned in my message: VIEW

 

 

Empowering Philanthropic Women: Survey Said

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Renewed by some conference learning courtesy of CPRA, Apra’s Colorado chapter, I’m writing from Fort Collins, Colorado, where I had the joy and pleasure of presenting “A Woman’s Place is in Your Prospect Portfolio.” Here, I outlined a business case and moral imperative for identifying, researching, engaging and stewarding women donors. Specifically, I offered suggestions for fund development organizations to start – or carry on confidently – on the wonderful journey of advancing female philanthropy with practical data techniques and engagement strategies.

In the presentation, I drew from some survey data that was informally and unscientifically collected, collated and analyzed by yours truly. Here are some highlights about what you shared with me.

Missing Women’s Report 

For prospect development and fundraising professionals, prioritizing or at least including her in prospect research profiles and prospect portfolios formed a prominent theme:

“Put her information first in a profile, and his in the spouse section.”

“Get over the discomfort of estimating non-visible wealth! Present the household wealth and philanthropic picture, not the single biggest gift.”

“Provide balanced information on a couple. Ensure that women (mothers, daughters, and granddaughters) are included in research. Also, provide some insight into maternal lineage.”

“Strategy should include HER interests and passions. Do not make assumptions on how previous donations were decided.”

Reach Out to Her

I also asked how female fundraisers in particular, can better engage women donors in our respective missions and causes. You shared some practical approaches like:

“It may be beneficial to have two fundraisers at a meeting so a quieter spouse can be drawn out in conversation.”

“Engage women on a one-to-one basis, focus on *her* unique reason for giving; empower her vision for a better world, and honour her decisions.”

“Treat them like individuals, not stereotypical “pink” females; create more social opportunities; advocate for volunteer leadership opportunities.”

Where We Women At?

The notion or concept of invisibility permeated through cautionary (and blunt) statements about marketing / communication and stewardship of women donors:

“Think very carefully before giving an honourary degree to half of a power couple. This could be very insulting to a woman if she doesn’t receive the same recognition.”

“I am very sensitive to the images that we use in fundraising materials; recognize that we use a lot of unbearably paternalistic poses of masculine elder and eager student.”

“Seriously stop it with the old white dudes holding giant cheques.”

Broader Problems

Many survey respondents are not optimistic that the fundraising and philanthropic communities will make steady strides soon, pointing to systemic issues in gender parity:

“It looks like a few women are going to have to set big examples to get noticed. Right now major gifts are usually credited to a couple or a family even if a woman prompted it.”

“Unfortunately, much needs to be done to educate fundraisers that they need to do a better job of reaching out to all prospective donors, regardless of gender. I’m not optimistic that there will be major advances in women’s philanthropy anytime soon.”

“Advancing women’s philanthropy” is closely tied to “advancing women” — this issue is part of a much bigger problem of how we view and treat women, and women of different backgrounds, races, gender identities, etc.”

Your care and commitment to this topic shone through, dear survey respondents, so thank you so much for participating!

~~~

I’m heartened by the thoughtful questions and comments CPRA attendees shared with me about women’s philanthropy at last week’s conference. It’s clear many are already thinking about how to unravel conventional data practices that have literally hidden women’s contributions to their respective organizations. I suggested a full and thorough data audit using a gender lens, covering wide aspects of fund development operations – donations processing, donor communication rules, formal research, prospect portfolios, and stewardship practices. It takes more work, but it’s clearly worth understanding women’s contributions to your organization; a critical piece in better understanding our donor bases of strong support. 

As always, would you please care to comment on this post? Our community is stronger with information exchange and dialogue. THANK YOU!

A Few Big Questions For You

…SO

Now that you’re rested and safely back from your respective summers, how would you like to answer a few big-picture questions for our community? Your thoughtful responses will:

  • advance gender-driven prospect development practices
  • empower female fundraising leaders
  • enrich the philanthropic journeys of women donors.

Or at least provide hopeful steps toward progress in these areas.

(Tall orders by a short brown girl.)

Big Q No. 1

Why are women often ignored by major gift fundraisers?

Big Q No. 2

What simple or significant steps can a prospect development professional take to raise the profile of female constituencies at our respective organizations?

Big Q No. 3

In order to increase women donors at non-profits, how can female fundraisers work to better engage them?

Bigger Q No. 4

From where you currently stand, what does advancing women’s philanthropy look like?

Please participate by sharing your comments – anonymously, if you prefer – inside this easy Survey Monkey, by September 29, 2017. Answer one, some or all of the questions – it’s all good. And please prompt the people in your life who are interested in contributing to this topic too.

Results will be shared in upcoming blogs and presentations.

Go to this survey now and BE HEARD – HERE

With gratitude, Preeti

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Dewi Saraswati, Goddess of Knowledge in Hinduism. Her statue is located along Embassy Row in Washington, DC (July 7, 2017).