NotesFAQContact Us
Collection
Advanced
Search Tips
Back to results
ERIC Number: EJ972579
Record Type: Journal
Publication Date: 2012-Jun
Pages: 5
Abstractor: ERIC
ISBN: N/A
ISSN: ISSN-1553-7544
EISSN: N/A
Dialing for Donors
Schaffhauser, Dian
Campus Technology, v25 n10 p32-36 Jun 2012
When times get tough, grown children often turn to their parents for help--for some extra cash, even somewhere to stay. For colleges and universities, that role is filled by alumni donors. In 2011, with education budgets slashed across the country, giving accounted for 6.5 percent of college expenditures, according to the Council for Aid to Education. This money pays for everything from new buildings to scholarships and guest lecturers, and impacts almost every corner of campus. It's ironic, then, that the folks in the advancement group--responsible for fundraising, alumni relations, prospect research, and advancement services--often find themselves on the outside looking in when it comes to the data needed to do their jobs. Just as universities are discovering the power of data to increase efficiencies in every facet of their operations, schools' fundraising departments must also have access to timely data to do their jobs: (1) identifying prospective donors; (2) predicting how much money they might give; (3) customizing the message; and (4) calculating the best time to make a pitch. And the value of the data goes far beyond simple numbers such as net worth. Even seemingly irrelevant data have value, because--taken together--they can help schools determine how engaged an alumnus is with his alma mater, and help fundraisers strike an appropriate chord. When it comes to dialing for donors, a data strategy can be divided into three components: (1) collection; (2) analysis; and (3) implementation. While no silver bullet exists to address all three together, colleges and universities are achieving impressive results from alumni data mining by pursuing a number of solutions. (Contains 1 online resource.)
1105 Media, Inc. 9121 Oakdale Avenue Suite 101, Chatsworth, CA 91311. Tel: 818-734-1520; Fax: 818-734-1522; Web site: http://campustechnology.com/home.aspx
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A