If you haven’t heard the phrase “the Internet of Things,” you’re not alone: according to a study by Accenture, most Americans (87%) are unfamiliar with it. But most of us use IoT-enabled devices every day. It’s an increasingly hot topic, and its implications already have major impact on all of our lives, even in nonprofits, even in fundraising and research. [Read more…]
This month I’m delighted to highlight an article by HBG team member Grace Chandonnet, who shares some inside information about the prospect profile. Grace works with our clients from her home office in New Orleans, a town that Mark Twain would have been very familiar with from his Life on the Mississippi.
To shamelessly paraphrase Mark Twain, the report of the death of the prospect profile has been greatly exaggerated.
It seems as though that during my entire 12 years as a development researcher, I’ve been hearing that the narrative prospect profile is “going away.” It’s been argued that it isn’t useful, it takes too much time to prepare and to read, that a gift officer doesn’t need all that information to cultivate and solicit their prospect. [Read more…]
I love a good wealth and philanthropy report, don’t you? And there are an increasing number of juicy ones out there now, as well. From the World Wealth Report and Giving USA to Charities Aid Foundation and the stellar Knight Frank reports, we’re awash in research riches.
A relative newcomer to these helpful reports about high net worth individuals is the Million Dollar Donors Report (MDDR) from Coutts Bank, which published its third annual report this week. It’s a global-view expansion of their former annual, the Million Pound Donors Report (2008-2012), which concentrated specifically on philanthropy in the United Kingdom. [Read more…]
Take a second and think about that for yourself.
What was your first instinct? To travel the world? Buy several new somethings? Become a philanthropist? Solve a world problem?
What if we could change up the question, and apply it to our profession?
What tool or app or resource would you map out or build for a better future for our industry if money were no object? Big or small, incremental or game-changing; how would this investment take our profession to the next level? [Read more…]
I get a lot of spam email. I’ll bet you do, too.
I often find myself thinking about the incredible waste of human talent inherent in junk email. If even a small percent of spammers spent as much time trying to solve even one of their country’s problems as they do trying to do an end-run around computer security systems, just think how much good could be accomplished. [Read more…]
This week we welcome back HBG Senior Researcher Kenny Tavares to the blog. Earlier this year, Kenny and fellow HBG senior researcher Elizabeth Roma shared their extensive research on family offices in a podcast. In this week’s article, Kenny shares more about the legislation affecting hedge funds and family offices, and how this could impact the philanthropic landscape.
With Halloween approaching, the time is right for a scary topic! Pull up a chair and let me tell you about the Dodd–Frank Wall Street Reform and Consumer Protection Act, aka Dodd-Frankenstein. Wait, no, sorry. I meant Dodd-Frank. [Read more…]
As you probably remember from my previous article on this topic, it’s a myth that high net worth people don’t use social media. Studies show that the adoption rate in that demographic is growing every day, too.
That’s great for those of us in fundraising, because new sources like these help us to (as Chris Carnie recently discussed in a terrific podcast with Ben Rymer) craft a donor-centered relationship for each individual donor – because we can (and should) treat them as individuals. [Read more…]
According to INSEAD’s Singapore campus Executive Director Michael Prahl, the number of family offices in Asia and the Middle East will double over the next 8 years. As supersonic as that growth is, the sheer number of family offices in Europe (1,000) and the United States (3,000) are massive compared to their cousins in Asia (estimated to be at about 200).
With an estimated $4 trillion managed in family offices globally, we ignore to our disadvantage the impact and influence these investment and philanthropic powerhouses will have for the fundraising and social impact sectors.
To learn more about this, I interviewed HBG’s in-house experts on family offices, Kenny Tavares and Elizabeth Roma, to explain what it is about family offices that make them so important, and what resources are available to tap into.
If you’re a regular reader, you know that each month we feature special guests writing about their favorite topics. This month we welcome HBG Senior Researcher and member of the HBG Analytics team, Tara McMullen to share her thoughts about one of her favorite subjects!
Sometimes it’s hard to get started with a new program or type of technology because we don’t know what its power is. We don’t know what it can DO, so we stick with the old familiar way of doing things. But these days, doing things the same old way can leave your progress lagging and your program looking a little old-fashioned.
Sometimes the basic principles are good, they just need a little updating.
Maybe you are thinking about undertaking a campaign and aren’t sure if you have the critical mass or the right prospects to meet your goal.
Or maybe you are looking to create a prospect management system, and want a way to sort prospects into various stages in the pipeline.
Or maybe you are trying to find new potential volunteers for your board. [Read more…]