How To Keep Fund Raisers
Penelope Burk, President of Cygnus Applied Research, projects a growing number of charities will soon be competing for a scarce number of qualified fund raisers.
Ms. Burk points out that 37% of fund raisers said they left their last job for a higher salary and 48% said they would leave their current job for higher pay. The fund raisers surveyed don't appear unhappy with how much they are currently paid; they leave simply because they can get more money elsewhere.
Organizations have good reason to prevent churning. It costs 65% to 83% of a fund raiser's annual salary to replace that person.
Among the other suggestions that stem from her research: Find ways to give fund raisers more management responsibilities. Twenty-nine percent of fund raisers said they left their last job because they were offered a more senior position, while more than a third of fund raisers said they would leave their current job for that reason.
Philanthropy In China
The 2010 Hurun Philanthropy List shows the top 100 philanthropists in China donated an average of 229 million yuan each over the last five years, or six percent of their wealth. The 50 most generous last year donated 8.2 billion yuan, eight times the average of the first philanthropy list in 2004. Large donations have also been on the rise with three philanthropists donating more than $100 million last year and 13 donated more than $10 million.
Education, disaster relief and health care are the main beneficiaries. China's first generation of entrepreneurs has been building schools in rural areas and donating to disaster relief, most recently to the Qinghai earthquake.
Corporate Reputation
After hitting rock bottom during the height of greed, bailouts, and the economic crisis in 2008, the public's perceptions of the reputation of corporate America seem to be bouncing back. The Harris Interactive RQ Study, which measures the reputations of the 60 Most Visible Companies in the U.S., indicates that the percentage of Americans who see the state of reputation as "not good" or "terrible" decreased from 88% in 2008 to 81% in 2009. Perhaps even more telling, there was a 50% increase in the number of Americans who said that the state of reputation is "good", moving from 12% to 18%. This is the first positive improvement in four years.
Six companies received an RQ score over 80, which is considered to be an "Excellent" reputation, with Berkshire Hathaway taking the top spot from frequent top scorer Johnson & Johnson by less than 0.5 points. Rounding out the list of companies with excellent reputations are Google, 3M Company, SC Johnson, and Intel Corporation. SC Johnson appears on the list of the 60 most visible companies for the first time, with the 5th highest RQ score this year and is the first company since Google in 2005 to debut in the top five.
Generation Y
Millennial Generation donors want to be engaged in a different way than Baby Boomers or Generation X donors; however, contrary to what general perceptions might suggest, that doesn't mean connecting with them most successfully through social media appeals.
Johnson Grossnickle Associates surveyed more than 2,200 people between the ages of 20 and 40 across the U.S. about their giving habits and engagement preferences. Approximately 75% represented Generation Y or Millennial donors. The results show a generation definitely connected by technology and social media, but more inspired to give and volunteer by personal engagement and human connections.
These results would suggest that nonprofit organizations seeking to tap into this new generation of donors will need to redesign their solicitation and engagement processes, treating these new givers more like their older peers in an effort that will not deliver a quick return on investment but will reward the organization over time.
Corporate Trends
The Conference Board reports that corporate planning for community involvement has moved out of crisis mode and into a recovery mindset.
More than three-quarters of 114 respondents said that they would make no recession-driven changes to their 2010 corporate giving programs. Strategic priorities such as aligning more closely with business needs, rather than economic concerns, are driving priority-setting in contributions.
Twenty percent of companies said they would reduce their giving budgets in 2010, compared with 53% in 2009. In addition, only four percent of companies plan to reduce the size of their giving staff, compared with 18% in 2009. In terms of focus areas, international development, STEM education (science, technology, engineering and math) and environment/sustainability will see the greatest resource increases. Capital campaigns and arts/culture will lose the most.
Redefining Transportation
Zipcar is the world's leading car-sharing service with 360,000 members in urban areas and college campuses throughout 28 North American states and provinces and Europe. As a leader in urban transportation, Zipcar offers more than 30 makes and models of self-service vehicles by the hour or day to savvy city residents and businesses looking for an alternative to the high costs and hassles of owning a car in the city. Based in Cambridge, Mass., the company could go public as soon as this year. |