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Meet the Millennials: A New Genera1on of Donors
Timothy M. Winkler Sr., CFRE
Principal, Winkler Group
“A person born in the 1980s or 1990s – usually plural”
“A person reaching young adulthood around the year 2000; a Genera?on Year”
Millennials, Gen. Y
Millennials Traits Profiles
Pros: • Curious • Empathe?c • Globally conscious • Willing to try anything • Want to engage minds and hands • Experience authen?c selves • Social
Cons: • Think they know more than they do • High maintenance • Think they discovered it themselves • Anxiously self-‐aware • Impulsive • Need affirma?on, crave it, depend on it • Narcissis?c • Think they are the first to do things
Millennials Traits Profiles
• Digital na?ves • Independent but interac?ve • Ques?ons the status quo • Desire mutual respect • Celebrate diversity • Express to express – not impress • Acknowledgement for being here • Civically-‐minded
Millennials/Generation Y
• Philanthropy is ?me and money • Lower cost to recruit because they are
online • Mul?-‐communica?ons approach • Engaged in fundraising for
organiza?ons • Donate in a variety of ways
Fundraising from Millennials
• Prefer to connect via technology • Share in micro ways • Facilitate (and rely on) peer influence • Volunteer along a con?nuum of support • Give to have an impact
Millennials
• Millennials aren’t interested in structures, ins?tu?ons, and organiza?ons, but rather in the people they help and the issues they support.
• Build a comprehensive engagement pladorm that invites them to par?cipate in the cause and maximize their involvement.
How can my nonprofit fully invest in this generation?
• Millennials prefer to share informa?on about the cause, not the organiza?on itself.
• This moves savvy organiza?ons away from
tradi?onal PR and towards content exper?se on a cause.
• They use websites first to learn about the
organiza?on, and then to connect with its social networks to stay updated.
CONNECT
• Millennials are highly selec?ve about what organiza?ons they follow, connec?ng ac?vely to 1-‐5 organiza?ons on social media.
• Organiza?ons will know their message is
resona?ng when Millennials are compelled to share their content. It’s an instant feedback loop that tells organiza?ons what this audience finds interes?ng and worth dissemina?ng.
CONNECT
• Number one pet peeve for Millennials is when nonprofits email too frequently.
• 71.5% saying, “I always having something in
my inbox from them.”
Do Not Email Too Frequently!
CONNECT
• Millennials view volunteer opportuni?es as a way to socially connect with like-‐minded peers.
• Volunteer programs that facilitate networking
for Millennials maximize this genera?on’s inherent social connectedness.
• Offering online training in place of in-‐person training is akrac?ve to Millennials.
INVOLVE
• Millennials’ chief mo?va?on for gelng involved was: • Working on a cause they were passionate
about (79%).
• Their biggest pet peeve was: • Not having much to do while volunteering and
having their ?me wasted (69%).
Value of Time INVOLVE
• From an organiza?on’s perspec?ve, dona?on requests that focus on how the gio will benefit the recipients will garner higher response.
• 52% of respondents said they’d be interested
in monthly giving.
GIVE GIVE
• Millennials showed significant interest in using their networks – family and friends – to fundraise on behalf of causes they are passionate about.
• Millennials are star?ng to ask for dona?ons in
lieu of gios for birthdays and other events.
GIVE
Show what gifts make a difference
• Be transparent and trustworthy
• Ac?vate peer-‐to-‐peer engagement
GIVE
1. Millennial Invi?ng – Connect 2. Millennial Immersion – Involve 3. Millennial Impact – Give
From Minimum to Maximum
• Schedule a connec?ng ini?a?ve in 2 weeks • Plan an involvement event by April 1 • Plan a millennial focused solicita?on by May 15
Homework
References Associa'on of Fundraising
Professionals American Associa'on of Fundraising
Counsel Blackbaud The Center on Philanthropy at Indiana
University Chronicle of Philanthropy The Colbert Report Corpora'on for Na'onal and
Community Service Engaging Millenials as Donors,
Volunteers and Cons'tuents 4Good.org
Giving USA Founda'on GuideStar Emily Davis Consul'ng Andrea Kihlstedt, Capital Campaign
Strategies that work Millennial Impact Report 2013 Na'onal Center for Nonprofit Boards Nonprofit Research Collabora've