WealthEngine is Much More Than an iWave Alternative

iWave alternative

If you’re looking for an iWave alternative, look no further than WealthEngine. WealthEngine offers a superior customer experience. Whether through rich data, predictive prospecting, or API integration.  WealthEngine9’s Engagement Science will propel your wealth-aware campaigns to greater heights.

What is WealthEngine?

WealthEngine is an all-inclusive solution that allows clients to search, screen, analyze, model, and target prospects. With 20+ years in the industry, WealthEngine combines data accuracy with convenience. You can gain actionable insights on your contacts. Insights include wealth attributes such as net worth range, estimated giving capacity, as well as propensity to donate, invest, and spend. Further, it also includes insights on demographics, lifestyle, interests, and affinities. What’s more, you can integrate all these instantly in your CRM.

Clients have preferred WealthEngine compared to other leading SaaS companies such as Blackbaud, Donor Search, or iWave as it’s of better value.

In fact,  one client recently spoke to us about their experience. They found that their previous solution’s breadth of data and accuracy were lacking. The “free” version that the solution offered was not enough for what they needed. They realized that they would ultimately have to upgrade to get their needs met. So, they would have ended up paying a very high price for what seemed like a great deal at first.

More than Just an iWave Alternative

WealthEngine is much more than an alternative solution to iWave.  WE9 can offer you unmatched convenience. You can screen and prospect within the same solution. Plus, you can also conduct in-depth analyses, build models, generate insights, and benefit from predictive prospecting.

WealthEngine

The seamlessness of using WealthEngine even extends to your own CRM. At the click of a button, you can add powerful wealth insights on your contacts. This is possible through our API integration.

For instance, an operations team at a national nonprofit used WealthEngine’s API. Their aim was to automatically screen donors and update donor profiles. They were able to achieve this without leaving their Salesforce dashboard.

Furthermore, these API powered insights are delivered in real-time. For instance, let’s say a prospect interacts with your website. The API can immediately tell you more about them so that you can deliver a personalized experience. Personalization is the key to increased engagement and lowered conversion costs.

There are several benefits to adopting WealthEngine’s insights over iWave’s. Let’s explore how these benefits can make a difference to your data-driven campaigns:

More Data Sources Leading to Comprehensive Wealth Intelligence

iWave uses 14 data sources to provide 38 separate databases. Going beyond an iWave alternative, WealthEngine uses over 50 data sources. That is nearly 4x that of iWave. Furthermore, WealthEngine provides a 90% match rate, generating comprehensive profiles.

iWave has 1 billion data points compared to WealthEngine’s half a trillion data points. Further, WealthEngine has 165M+ charitable giving records and adds 500,000+ monthly.

Pre-Built Profiles Saving Your Team Valuable Time

Additionally, WealthEngine has 250 million pre-built profiles for prospecting. Profiles offer breadth and depth of insights as they are built from over 1,800 attributes.

wealthengine iWave

In comparison, iWave does not provide pre-built profiles. Instead, users must “customize” profiles. This means you will need to manually compile donor profiles from each of iWave’s databases.

What does this mean for you?

By choosing WealthEngine, your team does not have to go back and forth between various databases.  The platform curates all data and places it into a profile for you. A profile provides you a 360-degree view of your prospect. Your team can now focus on reaching out to the right people, instead of tedious tasks.

For instance, The Animal Humane Society needed a 360-view on 50,000 donors each year. WealthEngine was able to build profiles with several data points. This integrated view led them to double the number and value of major gifts.

More Predictive Wealth Scores

iWave provides past charitable giving data. This means that each iWave score fails to identify potential donors. Failing to identify those yet to give creates missed opportunities.

As an alternative to iWave, WealthEngine’s set of ratings and scores is a reliable predictor. They can help you forecast major gifts, planned giving, trusts, and annuities.

For example, St. Vincent’s Hospital Foundation was able to use WealthEngine’s P2G score. These scores helped them identify top prospects leading to a 62% increase in $10k gifts.

Superior Relationship Mapping via Inner Circle

WealthEngine’s Inner Circle makes it a strong iWave alternative. There are 2 billion connections linked to constituents. So, you can discover relationships within your existing contacts. To compare, iWave offers 7 million “influential” profiles for you to prospect from.

inner circle

For example, Center Theater Group used Inner Circle to find links between donors and board members. As a result, they were able to build out a stronger donor pipeline. They gained a 36% YoY increase in overall donations. These dollars specifically came from new gifts.

Benefit of API for Real-Time Screening

iWave does not have API enabled for real-time screening of donors. They offer an FTP where you will need to add your lists and wait for an email confirmation.  iWave’s FTP does not serve as an alternative for API integration.

WealthEngine has a self-service API that allows real-time access to wealth data. This means that you can get a wealth of insights as soon as someone interacts with a touchpoint. These could be instances like somebody visiting your website or registering for an event.

API integration

In fact, The Humane Society used WealthEngine’s API to gain great benefits. Their average donation amount grew by 100%! Similarly,  mid-level donations grew 20%, and their “Planned Giving Program” by 49%.

WealthEngine Offers More CRM & DMS Integrations than iWave

iWave offers 5 integrations: NXT, Salesforce, Neon, Tessitura, and Gravyty. In comparison, WealthEngine gives you the power to choose from over 35 integrations. Any of these can help integrate our solutions directly into your CRM and DMS platforms.

WealthEngine also has complete integration into Salesforce. You can find the connector app in Salesforce’s app store.

For instance, Loyola Health integrated WealthEngine into their DMS, BSR Advance. The integration allowed them to perform daily patient reviews and validations. This allowed their prospect managers to receive actionable, timely reports on key prospects. Tony Englert, their VP of Development & External Affairs has said,

“Everyone knows that gratitude decreases with time; we have instituted a proactive strategy for moving on the data in a timely and integrated manner.”

Data Security Makes WealthEngine a More Secure iWave Alternative

WealthEngine takes data security very seriously. The platform regularly undergoes rigorous security audits by independent third-parties. Plus, WealthEngine has SOC 2 Type II certification. This is above and beyond industry standard requirements.

Choose WealthEngine to Personalize Your Wealth-Aware Campaigns

This iWave alternative can deliver greater value and convenience. Power up your campaigns with the best-in-class wealth intelligence and analytics solution.

iWave Alternative

 

14 Nonprofit Fundraising Ideas For The Changing Advancement Landscape

nonprofit fundraising ideas

Nonprofit fundraising is evolving rapidly thanks to the rise of tech, AI, and social networks. So, the tried-and-true fundraising techniques of the past may not serve you as well in today’s changing landscape. Instead of simply holding a raffle or a 5k, you can leverage technology and wealth insights to level up your fundraising game. That being said,  let’s explore the best, modern nonprofit fundraising ideas that have the greatest potential of helping you bring in gifts, today! 

The Changing Landscape of Nonprofit Fundraising

For the past decade, nonprofit fundraising has advanced tremendously. With the abundant technological changes, the rise of social media, and the budding influence of Millennials and Gen Zs, nonprofits are transforming. So, what should you bear in mind as you engage a new generation of donors? 

  • Millennials and Gen Zs cannot be overlooked. Millennials’ median annual giving is twice as much as Boomers and Gen Xers at $13,654. Gen Z will also account for 40% of all consumers by 2020. As you can see, their growing influence is unquestionable. And, since they’ve grown up in the age of social media, it’s important to account for the ways they connect with causes. By adopting a digital fundraising strategy, you’re in a more favorable position to appeal to younger donors. 
  • Hyper-personalized marketing is no longer a benefit. It’s a necessity. Millennials and Gen Zs are constantly sifting through information through social media and other channels. So, since they’re processing large quantities of information all the time, they can only dedicate so much attention to each item. In that sense, it’s incredibly important to generate outreach that appeals to their interests. By doing that, you’re recognizing and acknowledging them in ways that make them feel valued as a donor.
  • Artificial Intelligence is transforming how we work. With the rise of AI and ML, more nonprofits are adopting these technologies to help them gather data to solve societal problems. Both can help you plan, learn, and problem-solve effectively and efficiently. They can also help you understand your donors better, and determine how to appeal to them in the future.

All of these changes are fundamentally changing how you can communicate with and inspire donors to give. Based on these evolving trends, let’s take a look at the best nonprofit fundraising ideas you can implement. 

Nonprofit Fundraising Ideas

1. Start a Matching Gift Drive

This is one of the more traditional nonprofit fundraising ideas. Usually popular in the space of corporate giving, gift matching allows donors to make donations, and then have their company either donate the same amount they have, or more. By doing this, you receive double the funds! To boost this process, you can set up a limited window of time (24 or 48 hours) where donations will be matched. Having that designated window of time creates a sense of urgency, and drives donors to take action. And, if you set up an online drive, you can receive donations from anywhere, without geographical limitations. 

2. Set up a Crowdfunding Page 

Another nonprofit fundraising idea that is gaining popularity is crowdfunding. Although crowdfunding seems like a platform used to support individual endeavors, organizations can benefit from them as well. However, instead of crowdfunding for your organization in general, these spaces create good opportunities to introduce potential and existing donors to specific, topical projects you’re working on. On these platforms, it’s important to outline what your organization is fundraising for, why you are fundraising for it, and to tie it back to your mission. 

3. Hold an Online Auction

Auctions have traditionally been a popular nonprofit fundraising method. Now, instead of holding in-person auctions, organizations are beginning to hold auctions online. This is a more economical way of hosting an event without having to rent a physical space. When you hold an online auction, a prospect can participate as actively as an existing client. Additionally, auctions allow donors to bid on something tangible in exchange for their donation. The process feels mutually beneficial. In that sense, this nonprofit fundraising idea presents donors with extrinsic motivators. 

4. Set up a Peer-to-Peer Fundraiser

Another nonprofit fundraising idea, similar to crowdfunding, is peer-to-peer fundraising. This is a more layered approach, where individuals can personally fundraise on a cause’s behalf. This can be done either online or in-person. For an in-person fundraiser, activities are set up where donors sign up their friends and family to participate and donate. These family members and friends then have the opportunity to pay it forward, by inviting their communities to donate. Many nonprofits have done this by creating things like golf tournaments and fun runs. 

Now, nonprofits are changing this method by enabling individuals to create their own personalized donation pages or posts. By doing this, individuals can involve people, beyond their immediate communities, from anywhere at any time. Additionally, in peer-to-peer fundraising, it’s far easier to establish trust and action among your prospects. By communicating among people they already know, prospects may feel more inclined to give, knowing that the cause means something to them. This way you are also tapping into your prospects’ extended networks.

5.  Engage in Facebook Fundraising

Fundraising via social media channels is a relatively new idea. Since social media is primarily a space in which people connect, different platforms are leveraging this to bring attention to causes. As you may have seen, while scrolling through your own Facebook feed, birthday fundraisers are gaining significantly more attention. Users can create a post explaining what cause they’re supporting, and begin collecting donations from their network. 

Within the first year of creating birthday fundraisers, Facebook users raised more than $300M for causes. As of now, Facebook allows you to choose a cause to donate to from a list of 750,000 nonprofits. So, if your nonprofit is listed, users are taken directly to your nonprofit’s donation page. Similar to peer-to-peer fundraising, donors and prospects learn about the nonprofit from someone they know and trust. They then have the ability to donate if they choose to. 

6. Partner with Amazon Smile

Amazon Smile allows Amazon shoppers to donate 0.5% of the price of their purchase to a cause of their choice. Similar to Facebook fundraising, users have the ability to instantly donate to your organization. Users don’t have to mull over how much to donate and when.  The convenience factor is a great motivator for various types of donors. By doing this, a constant and predictable stream of donations will pour into your organization. Donors and prospects alike can contribute to your cause consistently. If you’re interested in partnering your organization with Amazon Smile, you can learn more here.  

7. Have Your Organization Listed with Round Up & Donate with Lyft

Much like using Amazon Smile for nonprofit fundraising, using Lyft can also deliver a steady stream of donations. Lyft gives riders the option to round their ride fare up to the nearest dollar, then donate the difference to a cause. By doing this, users relinquish the need to consciously decide whether or not to donate every time. By setting up an autopay structure, donors and prospects can contribute little bits at a time. And since people have access to the platform across different areas of the U.S., the collections of those minor gifts can ripple out in big ways. 

8. Create and Sell Merchandise for Your Cause

Merchandising is a time-tested nonprofit fundraising idea. Whether you’re selling Pop sockets, pens, water bottles, or t-shirts, these branded items are great tangible reminders of your cause. Not only do your donors walk away with something for themselves, but they also have a visible item that can spark conversations with potential donors. For example, (RED) partners with the world’s biggest brands, to bring awareness and raise funds to eliminate HIV/AIDS. Their products range from portable phone chargers to iPhones. 100% of the money that is poured into (RED) products funds HIV/AIDS programs all over Africa.

Therefore, more people are becoming aware of your cause and are a step closer to donating. And, with the rise of online fundraising, if the items you’re selling are online, interested donors can purchase the items at any time. All of which goes back into funding your organization’s campaigns and projects.

9. Generate Personalized Email Campaigns

Not only are email campaigns cost-effective, but they are also able to cut through the noise generated on social media. You can segment your audience based on demographics, interests, as well as their propensity, and capacity to give. By doing this, you can tailor your outreach to highlight the values and interests of each donor and prospect. If existing and prospective donors see their values being reflected on an individual level, they’ll feel more inclined to give. By using WE Insights, you have the tools to understand what your audience responds to, and how best you can appeal to them.

Online resources are 20% more useful than direct mail when it comes to influencing donors. Email campaigns also have the highest ROI of any other marketing channel (about $40 for every dollar spent). And, on average, email users give an average of $140 per donation.

10. Create a Model of Your Best Donors

Before you opt for general fundraising tactics, it’s important to ask yourself: who are our best donors? What do they have in common? How do they connect with our mission? And, how can we find more donors just like them? 

Using WealthEngine’s modeling solution, you can create a core donor persona. From there, you can find overlaps in demographic data, preferences, and giving history among your existing donors. This will help you understand potential donors you should be reaching out to. This also gives you a better impression of what this segment of donors will respond to (direct mail, peer-to-peer, etc.) Essentially, you’re creating an impression of your ideal donor and then using those traits to find more people like them. 

By creating a model of your best donors, you can connect with prospects who are the most likely to give. You also have an opportunity to find the most effective fundraising methods to suit the preferences of your segment.

11. Create a Designated Giving Day and Hold An Email Flash Fundraiser

This nonprofit fundraising idea can be adopted by all causes. As has been popularized by colleges and universities, Giving Day is a specific 24-hour window where your nonprofit can accept gifts from anyone. Contributions are made online, so donors and prospects can lend support from anywhere in the world. 

Due to their viral nature and convenience, Giving Day is becoming more and more popular. For higher education institutions, some have enacted #GivingTuesday on their campuses, and others have created their own days. By holding a specific day for people to give, there’s a greater sense of urgency created for existing and prospective donors. For example, Vanderbilt University raised $9.4M from less than 8500 donors on their Giving Day. 

12. Set up a Donation Kiosk for Your Cause

Another nonprofit fundraising idea is to use a donation kiosk. Unlike other fundraising tools that are reliant on cash or cheque donations, these kiosks are more digital-fundraising friendly. A donation kiosk is a digital fundraising solution that can accept credit card donations at events and on-site. Now that people carry less cash, donation kiosks are an innovative way to accommodate those who still want to give, but can only do so by card. And, depending on which platform you use, your donation kiosk can be accessed online. So, existing and potential donors can use your kiosk on the go.

13. Create an Interactive Video Fundraiser

Given how connected we are over social media, we are constantly sharing content with each other. By holding an interactive video fundraiser, you are creating an opportunity for your cause to engage people in an activity or conversation. This puts a face to your cause, gives your donors visibility, helps them amplify their actions, and involve others they think will help. For example, the ALS Ice Bucket Challenge (a challenge designed to raise money for research into amyotrophic lateral sclerosis) was a viral video sensation in 2014. Although some wrote off the challenge as trivial, it raised a great amount of awareness, and supporter ended up raising $115M for the ALS Association.

However, this doesn’t necessarily mean you have to create a viral video challenge for people to participate in. But, you can pass around videos articulating your cause’s mission and what you’re trying to accomplish. Propose the fundraising goal, or challenge, within your video and then rely on a peer-to-peer structure to make sure the content is shared and gifts are being collected. A nonprofit fundraising idea like this has the potential of rippling out and reaching people all over the digital world.

14. Set Up a Text-to-Give Structure

As the title of this nonprofit fundraising idea suggests, text-to-give allows donors to give to your organization via text. Like donations made through channels such as Facebook, Amazon, and Lyft, donors can give whenever and wherever they’d like when they text-to-give. Typically, particular keywords are attributed to specific donation amounts. All your donor has to do is confirm their billing zip code. Once they do this, they’ll be billed directly on their phone carrier’s invoice. Not only is this method economical, but it’s also a convenient and quick option for your donors.

The nonprofit fundraising ideas listed here are only the tip of the iceberg. Using wealth insights to inform your fundraising, there are even more ways you can engage your prospects and donors to bring in major gifts.

Making the Most of Modeling On the New WealthEngine9 Platform

WealthEngine9 or WE9, our newest release, is transforming the nonprofit prospecting landscape. Explore how our Engagement Sciencespeeds up the way you screen, analyze, find insights, and predict outcomes through modeling. 

Request Demo

Why Blackbaud Clients Switch Back to WealthEngine

WealthEngine

WealthEngine is an all-inclusive platform that allows clients to search, screen, analyze, model, and look for new prospects. With 20+ years in the industry, WealthEngine combines data accuracy with convenience. Blackbaud may seem cost-effective. However, it hasn’t proven to be beneficial for clients in the long run.

In fact, a client who switched back to WealthEngine recently talked to us about their experience. They found that Blackbaud’s breadth of data and accuracy were lacking. Blackbaud’s “free” version was not sufficient for their needs. They observed that most university advancement teams, like themselves, would ultimately need to upgrade to use Blackbaud’s services.

This university switched back because WealthEngine simply offered better quality for better value.

The WealthEngine Advantage

We provide clients with the following advantages over Blackbaud.

Superior Search Capabilities

WealthEngine’s nationwide search means that you always have a holistic picture of your donors and prospects. For instance, by simply searching a donor’s last name into the search tool, you can see all addresses linked to them. With Blackbaud, you need to search by first name, last name, and location. The results will be limited to the location you use in your search.

Best Suite of Scores

Our Propensity to Give or P2G score allows you to easily rank and segment prospects. Blackbaud generates its scores from hard assets. This means that if a high-quality prospect does not own property or the property is not under their name, you will end up overlooking them.

With WealthEngine’s ratings and scores, you can understand not only gift capacity but also propensity and intent. Our scores are built from Net Worth, Cash on Hand, Estimated Gift Capacity, Inclination/Affiliation, etc. Therefore, these scores provide a more cohesive picture of your prospects.

Moreover, WealthEngine9 or We9 will give you the ability to take screening and prospecting to the next level. Your visual dashboard can keep you updated on the overall gift-capacity changes of your entire donor base. Explore We9.

Robust and Accurate Data Profiles

WealthEngine uses 45+ data sources, covering 240M U.S. individuals. Blackbaud, on the other hand, gets data from 10-12 sources. We provide you with greater coverage and more accurate data and pro­files. Our match and link rates are also notably higher.

The Director of Prospect Research at an American university noted the difference in head-to-head comparisons. WealthEngine had a 50% higher match rate in comparison to Blackbaud. Moreover, WealthEngine had 4x as many data sources.

APIs to Identify Major Donor Prospects that Give Online

Do you ever wonder if an online donor has capacity or propensity to give at a higher level?  Wealth Engine can link your donation page to an automatic Wealth Engine screening service. This way a major gift officer is automatically notified if a low-level donor has major giving potential.  You can then identify a first time, $50 online donor as a major gift prospect rather than assume that they belong in the annual fund pool.

Modeling and Analytics

With WE Analyze, WealthEngine provides clients with the ability to learn key insights within seconds. Our modeling capabilities take analytics a step further. Insights go from descriptive to predictive with custom models. On the contrary, Blackbaud lacks a self-service modeling and analytics solution.

Find Prospects that Look Like your Top Donors

With WE Prospect, you can find prospects that aren’t in your database. These new prospects either look like your top donors or embody attributes that are important to you. Attributes such as high capacity and propensity to give, geographic location, lifestyle and interests that are common among your top donors can serve as benchmarks.  With over 1,500 attributes to query on and over 240M profiles to choose from, it’s a great way to find new prospects.

Focused on Wealth Intelligence Not CRM Software

At WealthEngine our focus is providing you with the best data possible to fuel your fundraising. We are a data and analytics company, that is what we know. Blackbaud is a software company that prioritizes its CRM.

Seamless Interface

WealthEngine is a cohesive platform that can guide advancement professionals through the donor journey. You can search, screen, and prospect all within the same interface. Additionally, you can access your results from all stages of the journey within the platform.

Further, you can use insights found in one stage to fuel the next.

WealthEngine

WealthEngine vs. Blackbaud- Comparative Analysis

The chart below shows you areas where WealthEngine can provide an advantage over Blackbaud.

What Clients Who Switched Back Have to Say

Nonprofit Association

Our client, a national armed forces association, has explained their reasons for switching back. Their research team needed to manually validate data. While they used ResearchPoint and Raiser’s Edge, they found that ratings were not up to par.

From a team workflow standpoint, their team lost efficiency as lists were not shareable using Blackbaud services. When creating a list, team members weren’t able to see the same list, so this meant a duplication of effort.

Higher Education Institution

Another client, a well-known, southern university found Blackbaud products to be “finicky”.

Overall, they felt that the system was not user-friendly. This was mainly because there was no seamless integration of products. Further, when problems arose due to incompatibility, customer service was unable to help.

Additionally, they were dissatisfied with ratings and found that their team had to validate scores from other sources.

WealthEngine + Blackbaud CRM

If you are already operating in Blackbaud CRM, you can enhance your experience by integrating WealthEngine data.

WealthEngine can enrich your profiles with hundreds of additional data points. These data points can generate actionable insights. Further, you could increase match rates and the accuracy of your ratings by appending reliable data from WealthEngine.

Learn more about integrating WealthEngine into Raiser’s Edge.

Learn More About What You Can Gain from Switching Back

Interested in understanding how switching back can save you time and effort? Fill the form on the right and a WealthEngine rep will contact you soon.

Transform Your Fundraising: Get a Demo of WealthEngine9

When you switch back, you will gain more than just WealthEngine’s superior quality data and ratings. We9 is transforming the landscape of wealth screening, modeling, and predictive prospecting.

 

The solution can help you get in front of the right people faster. With greater efficiency, you will save time and money.

Explore We9 now and click on Request Demo to see how you can personalize engagement with your audience like never before!

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5 Reasons To Get Your Nonprofit Prepared For #GivingTuesday

If you are a fundraiser, it’s definitely no surprise to you that the time for year-end fundraising is right around the corner. Even if you are close to hitting annual targets, #GivingTuesday is a huge opportunity to boost your efforts and help you exceed your goals.

With #GivingTuesday fast approaching, you can enhance your year-end fundraising by reminding your donors and prospects to participate? But, that begs the question: is #GivingTuesday appropriate for every nonprofit?

For  most nonprofits, if your year-end fundraising could use a boost, then a #GivingTuesday campaign can provide your nonprofit with the lift it needs. So, what are the benefits of participating in #GivingTuesday? There are five primary advantages of involving your nonprofit in #GivingTuesday:

1. Global Presence and Relevance

#GivingTuesday has gone beyond what is referred to as #activism. Everyone from Bill Gates to Reese Witherspoon engages in #GivingTuesday and encourage their followers to give on this day.

The movement has also found a global following through social media. This provides nonprofits with the potential to gain exposure and donors worldwide.

2. Seasonality and Generosity

Overtime, the holiday season has become more and more commercialized. While consumers spend significantly during this time of year, there is also a growing sentiment of generosity among many. #GivingTuesday is strategically placed after Thanksgiving when families have come together, felt grateful for what they have, and realized that not everyone is afforded the same lifestyle and experiences.

At a time like this, when sentiments are high, even small prompts or reminders to make a difference can create a significant impact.

3. Growing Public Conscience and Purpose

It’s true that the holidays are a time of giving and generosity. However, data has also shown that high net-worth individuals, especially millennials and younger generations, are driven by meaning and purpose. They believe in associating with brands that are responsible, and organizations that care about communities and causes.

With this outlook, HNWIs are bound to be aware of #GivingTuesday and its impact. Your nonprofit could leverage their sentiments by providing them with a convenient platform to get involved. Think of it this way, if you are not involved in #GivingTuesday, you may be losing out on individuals who are not only supporters of your cause but who may be likely to donate.

4. Significant and Growing Impact

Besides the sentimental significance of #GivingTuesday, there is no ignoring the financial significance. Last year on #GivingTuesday, nonprofits raised nearly $274 Million across the country. That was a 50% increase compared to 2016.

This year, the day has even greater potential to make a difference to organizations like your nonprofit and the communities and causes you represent.

5. Gateway for New Donors

One doesn’t have to be the ‘philanthropic’ type to participate in #GivingTuesday. The social media-powered movement has been getting the attention of people across the world whether they are usually involved with giving to causes or not.

A #GivingTuesday campaign is a great way for your nonprofit to reach not only new donors but also different types of donors who you wouldn’t normally reach through capital campaigns or  major gift programs. #GivingTuesday is about making small contributions as much as it is about making major gifts. You  have the ability to reach a wider range of prospects who can become recurring donors or long-term supporters of your organization through continued engagement.

We hope you find that these reasons resonate with your organization. There is a compelling case for creating a #GivingTuesday campaign whether it is a month-long omnichannel undertaking or a simple email to remind donors and prospects about this day.

Now that you know whys behind this event, join us for our Webinar on Thursday, November 15 from 1-2 PM ET to learn how you can plan #GivingTuesday promotions. 

Four Clear Benefits of Data Integration

Data-Integration-Blog.jpg

There are two ways to build a stronger fundraising program: understanding your donors better and identifying new prospects. Integrating wealth data into your donor management system (DMS) or customer relationship management (CRM) system can help you achieve both, and is the key to enhancing data-driven workflows and data access. Data integration gives team members across your organization more insight on your donors and prospects.

One of the keys to making data useful and actionable is to be sure it’s available and accessible in a central location, and that it integrates with other data sources within your organization. This is one of the principals behind the "data warehouse." Most nonprofits don’t have enough unique data sources to need a warehouse to house their data, but the idea of ensuring that all useful data is accessible is certainly one that all nonprofits can relate to. These are four ways that data integration can benefit your organization:

Having all data in one place allows the user to get a 360-degree view of the constituent. 
Having giving history, event attendance, wealth data, and behavioral data such as arts affinity, green living, or dog lover flags, allows multiple users to get a complete picture of the prospect and determine the best strategies for appeals, cultivation and stewardship.

Having access to many data points allows for effective and efficient segmentation of the data into actionable solicitation groups. 
Major Giving potential may be informed by gift history, giving capacity, relationship and affinity indicators. Annual giving may be segmented by capacity, gift history and interest area.  A segment appropriate to receive a planned gift mailing may be determined by age, affinity factors and giving longevity. Having a full complement of data points on which to segment and personalize messaging creates relationships that result in support.

Having wealth data housed within the DMS or CRM allows staff to use data to make informed decisions.
In the realm of major giving, staff can make decisions regarding which prospects should be prioritized into major gift portfolios and who should be removed from active management. Data integration can also help staff define appropriate ask amounts. Having a pool of wealth-rated prospects in the DMS creates a pipeline of potential givers for current and future cultivation.

Having ratings, scores and attributes housed within the primary database or DMS allows the entire organization to leverage the data
While many organizations purchase data enhancement and analytics to benefit their major giving programs, those who integrate the data quickly learn that annual giving, planned giving, special events, marketing, alumni affairs and others in the organization can leverage the purchase, making it even more cost effective and producing greater returns.

The technology of your DMS can be very different from your CRM system, but with scalable, real-time integration, you can make these systems talk to each other and ultimately work more efficiently. With over 35 integrations (and counting) with leading providers like Salesforce, WE can integrate our data into all major DMS and CRM systems so you won’t have to choose one or the other. To learn more about integrated fundraising solutions, watch our webinar with our partner CharityEngine