Thursday, June 27, 2013

Fore! Finding Club Memberships in the Golf Handicap System

One thing we have going for us as prospect researchers is our own individuality.  We all bring different perspectives and experiences that inform our work.  In my case, I play golf.  (I didn’t say I play well, but I do play.)  In order to compete in local tournaments, I participate in the handicap system, which is public so that anyone I’m competing against can confirm my handicap.  In entering scores into the system recently, I realized that my membership in the Two Rivers Golf Association (annual membership dues:  $50) is associated with my handicap.  That’s public as well.  And if it’s public for me, it’s public for everyone.  If you go to the website http://www.ghin.com, you can find club membership information for anyone in the system.  Click “Handicap Lookup,” then go to the “Name & State” tab.  


Enter the state and name of the person you’re researching and boom, you’ll find country club memberships -- a valuable thing to know about when estimating someone’s wealth.  What hobbies or interests of yours apply in some way to prospect research?  Please share in the comments!

Mitch Roberson, Communications Director, APRA MidSouth
communications@apramidsouth.org

Tuesday, June 18, 2013

MidSouth Event: APRA Business Meeting Viewing Party!



In a few short weeks, APRA International will host its first-ever virtual business meeting.  In conjunction, APRA MidSouth is pleased to host a small viewing party for the event, and we would love for you to consider joining us! 
 
What:  APRA International Business Meeting
When:  July 18, 2013 1:00-2:00 pm CST
Where:  Vanderbilt University at 2525 West End Avenue, Nashville, TN 37203; 4th Floor Large Conference Room
What will be discussed:  Progress on the 2012-2013 Strategic Plan, Recent Accomplishments, Educational Opportunities, Finances, and the location of the 2014 Annual Conference! 

For more information on the business meeting, please visit APRA’s event information page.  For more information on the MidSouth viewing party or to RSVP, please email Angie Stapleton.

Hope to see you there!

Thursday, June 13, 2013

Donor Health Checks for the Small Office

Today, we are thrilled to host our very first guest blogger, Jen Filla, from Aspire Research Group, LLC!  We’ve been big fans of Jen for some time, and are just delighted she would spend a little time and share a little wisdom over here on the APRA MidSouth blog.  Today, she’s bringing some great advice for our smaller shops, though larger shops will definitely gain a little insight too.  Enjoy!

 
How healthy is your donor database? Especially if you are a prospect researcher in a small fundraising office, this critical question could be going unasked!

I’ve seen various products over the past few years offering different approaches to providing a health check on the donor database, but when I am faced with the small fundraising office the one-size-fits-all approach just doesn’t fit well. Small offices can operate with wildly different approaches to fundraising and data, which might be shaped by staff turnover, fundraiser skill levels, and leadership interest.

The good news for the small office prospect researcher is that you have the opportunity to be methodical and use your research skills, and have the potential to provide some meaningful fundraising leadership.

Recently I worked with a client that had three fundraising staff. The fundraising VP had a strong background in planned giving, the gift officer had a strong background in corporate and foundation fundraising and they had a database manager - a lot of great skill sets jumping in to awaken what had been a dormant fundraising program. They were keen to acquire new donors and had the opportunity to piggyback on their marketing department and rent lists. The first acquisition mailing had a response rate of 2%. Above average!

When we first met I was sure I would be helping them source new major and planned gift prospects. But I suggested that they let me start by taking a look at who was in the donor database and once we knew what the donors looked like we could decide on a specific course of action. I asked the data a lot of questions. Many of the answers provided information they already knew anecdotally. But one question provided a shocking answer. Where were those donors from the first acquisition mailing - now? It turned out that in year three only 14% were still giving. Ouch.

How does something like that happen? These were skilled, very experienced fundraisers and yet they were counting their hard-won new donors without measuring for retention. It happens because in a small office there is SO MUCH to record, count, measure and DO. And that is also the challenge for the small office prospect researcher. You have to manage your time well, choose rewarding lines of inquiry, and pay as much attention to general fundraising education as you do to prospect research skills.

Although the opportunity to sit at the leadership table is real for prospect researchers, to be successful we have to be prepared. What are the priorities for fundraising? Are there specific goals? Start your donor health check by asking questions about what’s important to your leadership. Be sure to document your questions, what you think the answers will be, and the process you took to answer the questions. Because when you present your findings, you will be asked many more questions and may have to go back and re-work your process to eliminate things like bequests or other outliers that distort your results.

Keep in mind that I’m not talking about analytics here. Not really. I’m talking about asking intelligent questions you can answer through database reporting or an export to Excel for manipulation. There’s no shame in doing simple analysis. The shame is in not doing anything.

For example, my client put envelopes in almost all their mailings and donors gave in different envelopes across the year. This made it pointless to measure how each of their two appeals did year after year - those donors might decide to give in a different envelope any given year. Trying to apply some of the best practices from larger institutions to a small fundraising office can be frustrating and ineffective. Many of our organizations are not operating like big fundraising offices and that’s perfectly alright. We can still be great prospect researchers and create method out of mayhem, sending gift amounts ever higher!

Once you have results from your line of questioning that leadership is ready to act upon, more than likely you will get to participate in the discussion about how to tweak or change the fundraising messaging to drive more giving. After all, you have all those donor and fundraising studies read and carefully labeled in a binder on your bookshelf, right? Of course you do.

And you want to be there at the end of that conversation so you can help shape what will be tracked and measured. Knowing that we can control our behaviors, but we can’t control whether someone will make a gift, encourage tracking your team’s behaviors alongside the gifts.

If you want to start asking your data questions, but aren’t sure where to begin, I created a worksheet to get you started. Click here for the PDF.

But I know many of you already have GREAT stories about asking smart questions and translating the data into answers that can be acted upon by fundraising leadership (like you, 5/29/13 blogger Amanda Madonia!). Please SHARE your story by commenting. Thank you!
 

Jennifer Filla, president of Aspire Research Group LLC. Jen combines her research and fundraising experience to assist organizations across the country that are concerned about finding the right prospects, worried about what size gift to ask for, or struggling to meet major gift goals. She is co-author with Helen Brown of the book, Prospect Research for Fundraisers: The Essential Guide.

Wednesday, May 29, 2013

A Unique Perspective

As one of APRA MidSouth's newest board members, I'll start by introducing myself. My name is Amanda Madonia and I am the Development Officer and Data & Research Manager at Martha O'Bryan Center, a non-profit serving individuals, youth and families living in poverty in Nashville, Tennessee.
 
One aspect that makes my experience different from most of the prospect researchers I've met through APRA MidSouth is that I serve as the primary prospect researcher as well as a fundraiser for my organization. This gives me some unique perspective when it comes to donor research. For those of us working for a small non-profit, we often times find ourselves wearing multiple hats. On any given day you may find me touring a donor, soliciting sponsorships, reviewing inventory of in-kind donations for the week, making updates in our donor database and among many other things, doing prospect research. Part of what I love about my job (and what can sometimes be the most challenging) is the variety of projects that I manage from day to day. In my role, I am not only responsible for finding new funding sources but I am also tasked with cultivating those relationships to gain further support for our organization.
 
As most of us know, donor retention can be particularly problematic for non-profits. In an environment where over 50% of donors leave after making their first gift, many organizations can struggle to maintain a reliable donor base. As a fundraiser, it is my responsibility to steward those donors and build a lasting relationship with our organization. As a researcher, it is my responsibility to gather the data and increase our prospect list. When I am researching a particular prospect, I'm also thinking about how the data I am finding will help me in my next step of cultivation. While it can sometimes be difficult to find a balance between my research and fundraising roles, I continue to learn and develop in each of these areas and would love to hear your thoughts on managing these two functions.  
 
How many other non-profit professionals have had similar experiences juggling these roles? And what advice can those of you not working in a non-profit environment provide to us?
 
I look forward to continuing to share our experiences and grow from each other’s own unique perspective. Lastly, as the new Membership Director for APRA MidSouth, I'd like to take this opportunity to invite anyone who is reading our blog and is not a member to join (click here). Thanks and happy prospecting!
 
Amanda Madonia, Membership Director, APRA MidSouth
membership@apramidsouth.org

Wednesday, May 22, 2013

tl;dr


I’m not on Twitter, and I don’t frequent the message boards, so when I came across this acronym, I had to research its meaning:  TLDR.  Too Long; Didn’t Read.  The snarkiness all but oozes off the page.  Oh, you can apply it to War and Peace, or any impassioned response to someone’s offhand social comment—but where it becomes relevant to research is in respect to your audience: that fundraising administrator, your fellow researcher, that gift officer for whom you’re synthesizing data on a prospective donor and composing it into a profile, often with a recommended strategy.  You rise to the challenge du jour, finding obscure nuggets and including even a photo of their kitchen sink off Instagram—only to encounter a yawn and a blazing “TLDR.”  If a researcher fails in the forest, does anyone hear the sound—of frustration? 

It’s easy to blame the recipient.  But when a researcher does, how different is it from the chef who armors up into defensive mode when Gordon Ramsey tells him his foie gras is salty, or the poor tone-deaf souls (bless their hearts) who can’t understand why they can’t hope to compete as the next Peoria Idol?  You’ve got to consider your audience—and each one is different.  You have to research them first, in a sense—use your instincts, ask their colleagues and subordinates, or simply ask them:  What do you want?

Some gift officers wear it like a badge of honor:  “I don’t need research.  I suss out the deets myself and then tell YOU what I’ve found.  I ain’t afraid o’ no ghosts, or cold calling billionaires.  Have I told you about the seven-figure gift I got from Montgomery Burns?  I’m a tightrope walker, and for my part, researchers are little more than archivists, or stenographers.”  For these characters, the most they might ever need is basic contact information and whether or not there’s a dragon in the moat.

At the other end of the spectrum:  Needy Nellie.  “I simply MUST know everything!  Dogs or cats?  Bagels or biscuits?  Where do they vacation?  Are they on Twitter?  Heelllp meee!”  It’s easy to scoff at this kind of approach—except when there’s a method to what appears random madness.  One of my former development colleagues kept a calendar listing all his prospects’ birthdays, and sent a hand-written card to every one, every year.  That was a strategy, as well as just being a Decent Human Being.  If you have a Needy Nelson who asks for shoe sizes and blood types, it’s incumbent upon you to find out if that type of trivia is being put to good use or merely being used as a crutch.  Information control is an art, and a researcher should not be treated as a vending machine or a jukebox.

So it’s a no-brainer that you may have to customize your profiles for each of your constituencies—but does that mean you should similarly adjust your research logic for each:  cursory glances for the tightrope walkers, encyclopedic thoroughness for the completists?  Not necessarily.  The old cliché is right: Knowledge IS power.  You were hired to be the research professional, so don’t let an end-user get all up in your grill and mess with your routine.  Find out what they want, and give just that to them.  They don’t really want to know how sausage is made; they just want it on their plates.  It’s up to you to know if your regular customer wants links, patties, or boudin.

And there are times when you have to include information, at the risk of a TLDR, more or less in self-defense.  I once had a time-sensitive request for simple information about our commencement speaker, a columnist for a newspaper in New York (they didn’t want to ask him; how gauche!):  What synagogue in NYC did he attend?  I found out that not only did he not attend a Big Apple congregation, he didn’t live there either (they have trains and planes between there and DC; imagine that!).  I could have merely announced the name of his DC synagogue and left it at that; that was, in truth, all I’d been asked for.  But I made a point to include links to two recent articles citing his membership in that congregation.  Turned out that the college chaplain was the one who had suggested the New York residency; I had no idea I was in a cage match with a man of the cloth!  So—sorry, padre—but here’s the facts, and I was glad to have supported them by going just a bit beyond where common sense might have suggested stopping.  Know your audience and compose accordingly, but if you err, do so on the side of excess, and TLDRs be damned.

Tim Dempsey, Director-at-Large, APRA MidSouth
At-large@apramidsouth.org

Wednesday, May 15, 2013

APRA Carolinas Conference


“Show me the $$$!”  That’s the tagline for “The Prospecting Gamble,” an upcoming conference hosted by our friends at APRA Carolinas (Full disclosure: I’m one of the scheduled speakers!).  The event will be held on June 6 and 7, 2013, at Wingate University in Wingate, North Carolina (just outside Charlotte).  The sponsors are LexisNexis, DonorSearch, Blackbaud, and Wealth Engine.  I’m looking forward to presentations by Helen Brown (The Helen Brown Group), David Lawson (Working Philanthropy), David Julian (Foundation for the Carolinas), and many others.  The hosts are keeping up the gambling theme with a casino night.  (If I were a gambling man (and I am), I’d bet you can find me at the blackjack table.)  I’ll give a rundown on the highlights of the conference when I return.  If you’re in the area or want to make your way there, this looks to be a fun and informative event.  Hope to see you there.
 
Mitch Roberson, Communications Director, APRA MidSouth
communications@apramidsouth.org

Thursday, May 9, 2013

Spring Cleaning


In and outside of the world of education, the pace of most businesses seems to slow down a bit as the days lengthen and the school year draws to a close. Certainly, there are pushes to close the fiscal year well, for those who wrap up in June, or solicitations surrounding special events like graduation. But overall, it seems to me, we have a little more bandwidth to be strategic and do some spring cleaning. Plus, there is something in the air this time of year that makes me want to clean up and get organized!
 
Whether you’re about to start a new fiscal year or you’re halfway through one, set aside some time to take inventory, assess progress, celebrate successes, and identify areas for improvement.
 
Some of those areas for reflection might be:
  • Products and services – Have we received feedback from our gift officers about the services we provide? Do they think we are providing relevant information in a useful format? Is there an area where further training or focus would be beneficial? Without slowing down to think strategically about implementing changes, these things can go overlooked for a long time. Also, reflect back over the last several months and think if you’ve identified an area for improvement. Now is a great time to plot out a strategy to make your idea a reality.
  • Prospect management – Have we reviewed our gift officers’ portfolios recently? Is there some basic data clean-up we can do to more accurately reflect where donors are in the pipeline? Now is a great time to talk to our gift officers about how we can be most helpful in moving their prospects forward. Do they need help with prospect identification, capacity estimation, or something else?
  • Hopes and dreams – A year (or two! or five!) from now, is there something you hope your shop will be able to accomplish? Maybe you’d like to be proficient with a new resource, upgrade a database, or expand your team. Hopes and dreams will remain exactly that until we have a roadmap that will get us there and the audacity to set out and follow it. What plans do you need to make now to get your shop or institution to where you want it to be in a year?


I hope you can carve out some time in the coming days or weeks to give these ideas some thought. What other questions would you ask yourself or your team as you reflect this spring?

Caroline Rossini, Treasurer, APRA MidSouth
treasurer@apramidsouth.org

Thursday, May 2, 2013

What Makes a Good Prospect?


Researchers are tasked with preparing information on donors and potential supporters to the organization.  Most importantly our responsibilities include finding future major donors.  Criteria for identifying major gift prospects include gathering real estate holdings, business information, and giving to other organizations.  Taking the time to understand what your organization’s mission, values, and connections are can enhance your prospecting efforts.  This exercise helps identify who likely has an affinity for your organization and provides a way to make introductions.

If you are prospecting for a university, then take a look at the mission.  Come up with an overview of qualities you would look for in your alumni base or for a specific area of the university.  If you are prospecting for a nonprofit organization, then read through the mission and values.  Use these ideals to identify key volunteers and supporters who could likely make an impact for the organization.  Look for possible connections among volunteers and board members.  The more time you spend analyzing how your major gift prospect connects to the organization and what interests them, the stronger your case is for getting a development officer to qualify them.

Melissa Sridaromont, Secretary, APRA MidSouth
secretary@apramidsouth.org

Friday, April 26, 2013

APRA MidSouth Conference Recap


On Friday, April 19, 2013, a group of about 30 from the APRA MidSouth Chapter gathered at One Conference Center in Nashville, Tennessee, for a day focused on prospect research, management, and ideas to help us better develop our data.

We began the day with Mark DeFilippis, Director of Advancement Research for The Nature Conservancy.  Mark led us on a journey to “New Horizons in Prospect Research.”  With a quick review of prospect research “old school” he reminded us how the deluge of data caused by the internet (an ever increasing daily challenge) can be used by prospect researchers as partners and consultants for the fundraisers we work with.  We are no longer “hunters and gatherers” and need to see our role as one where we offer information that is interactive, strategic, adaptive and solutions-oriented.
Mark charged us with the question of why we should consider ramping up our involvement and engagement as prospect researchers.  Of course, he gave the answers (you always share with your friends): We bring a different perspective, we offer strategic value, we can offer a full picture where the internal and external meet; if we engage, they (fundraisers) engage, being involved feels good, and it’s our responsibility (as a team member and employee).
In addition, he provided us with great illustrations and examples from his organization that highlight how he has implemented what he shared with us.
As Mark also serves as moderator of the PRSPCT-L listserv – that wonderful networking tool for us prospect researchers – we also spent a few minutes learning about his role with it.


Next on the agenda, we shifted our focus from research to thinking more like the one person shop while engaging with Susan Black of Allene Professional Fundraising.  Susan works with non-profits of all shapes and sizes, challenges and missions.  She lead us in a workshop on creating constituencies that encompassed all kinds of creative thought, problem solving and research skills and ideas.
In the afternoon, Lora Cowan from Tennessee Tech University shared the adventure of developing a new approach as Assistant Direct of Advancement Services and Director of Prospect Research.  She presented her department’s journey from being seen as unwanted/unneeded to a strategic partner providing valuable and credible insight and information for the fundraising team.  Lora provided us with interesting illustrations of “where they were” to “where they are now” and the tools they have incorporated to get there and how research has played an important and accountable role in fundraising success.


Finally, the three presenters, along with Ryan Woroniecki – DonorSearch representative (our conference sponsor – a thousand thank yous to them!) participated in a panel discussion that was both informative and entertaining (thanks to the excellent hosting skills of APRA MidSouth Past President, Geoff Little).
Anytime you leave your regular routine to attend a conference you hope the investment of your time will provide you with some “aha” moments.  I did and I hope that all who attended – old friends and new – took away some valuable information they can immediately implement or put on their “to do/consider” lists.
Thanks to all who attended and for those who could not make it, we hope to see you at our next event!
Theresa Clark, Vice President, APRA MidSouth
vice.president@apramidsouth.org