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Going the Distance with Race Fundraising: Benchmarking Success 2010 Boston Marathon, 5K and 10K race benchmarking analysis Website: www.firstgiving.com Twitter: @firstgiving FirstGiving for Runners Blog:  runners.firstgiving.com
About the presenters Andrew Urban Head of Sales and Business Development andrew@firstgiving.com Debra Askanase Community Engagement Manager debra@firstgiving.com
About FirstGiving
About FirstGiving ,[object Object]
13 million+ online donors
10+ years in business
31employees in the US
Offices in Boston and San Francisco
100+ employees worldwide82% - the average year over year increase in online donations a nonprofit sees that utilizes FirstGiving.
By the numbers: 2010 Boston Marathon fundraising Total raised online: $2,696,896 Total collected offline: $73,775 Average amount raised per fundraiser: $4053.67 Average amount raised online: $2,973.42 Average amount raised offline: $1080.25 Average online donation:  $75 Fundraising pages: 907 Approximately 815 ran with an official charity sponsor Approximately 92 ran without an official charity sponsor  ,[object Object],*2010 Boston Marathon was held April 19
By the numbers: 5K and 10K FirstGiving fundraising Average amount raised per 5K race fundraiser: $433 Average amount raised online:$385 Average amount raised offline: $48 Average amount raised per 10K race fundraiser: $521 Average amount raised online:$439 Average amount raised offline: $82 Average online donation 5K:  $52 Average online donation 10K:  $50 Number of active 5K fundraising pages: 4,009 Number of active 10K fundraising pages: 396 *2010 Boston Marathon was held April 19
Key race findings ✪The typical fundraiser employs a combination of offline and online mechanisms to reach the fundraising minimum   ✪Largest percentage of donations are  ✔ $25 - $75 and  		✔ $100 - $150 ranges ✪ To raise the minimum, the typical fundraiser needs  ✔ 36 – 40 donations per page for a marathon ✔ Expect 7 – 8 donations per page for a 5K or 10K race *2010 Boston Marathon was held April 19
Key race findings ✪ Most marathon donations arrive  ✔ In the 4 months prior to the event but  ✔ donations 7 – 5 months prior are higher amounts ✪ The top fundraisers get higher average donation amount, and many more $100 - $150 donations ✪ Your fundraisers are likely to raise money for your cause in another event *2010 Boston Marathon was held April 19
Boston Marathon official charity program:  Boston Marathon = qualified runners only Official charities are give 15 numbers, fundraising minimum of $3250 – for unqualified runners  2010 marathon held April 19 23,176 runners participated 24 official charities in the program *2010 Boston Marathon was held April 19
The average FirstGiving endurance fundraiser raises $4053, 2/3 of it online  Average amount raised online per page: $2973.42 Average amount raised offline per page: $1080.25
5K and 10K online/offline fundraising Total amount raised for 5K races 2010: $1,736,138 Total amount raised for 10K races 2010: $ 206,509
Number of donations per page - marathon Median donation: 36 donations per page Average donation: 40 donations per page Average donation amount per page: $75 The higher your goal, the more donations needed
Donations per page – shorter distance races Average donation amount per 5K page: $433 Average of 7 online donations per page Average donation amount per 10K page: $521 Average of 8 pnline donations per page *FG did not record individual offline donations until Aug. 2010. Prior to Aug. 2010, offline donations were recorded by fundraisers as a lump sum
Distribution of donations per page – Boston marathon   *based on range of 36 – 40 of donations per page
Distribution of donations per page – 5K races *5 fundraisers raised >$10,000, which skewed the $500+ range higher
Distribution of donations per page – 10K races
Average number of online donations needed to meet your fundraising goal
Takeaways: Donation distribution amounts Most donations are $25 - $74.  Average marathon donation = $75.  Average 5K donation = $52, Average 10K = $50   The second-largest group is $100 - $149, who are critical to meeting the minimum marathon fundraising requirement Donations under $25 account for a very small % of overall donation dollars, but are high in quantity *based on range of 36 – 40 donations per page
Fundraising tips Segment donors into different groups – Ask close friends and family for higher amounts Ask other friends and family for $25 - $75 Create suggested amounts to encourage higher donations: $250, $150, $100 ,$75, $50, $25 Ask for smaller donation amounts from weaker ties such as online friends or distant friends *based on range of 36 – 40 donations per page
…and keep these benchmarks in mind Marathon fundraisers need 36 to 40 donations to meet a requirement of $3300 5K and 10K fundraisers usually get 7-8 donations per page *based on range of 36 – 40 donations per page
Distribution per page: marathon top 25% * Based on top 25% of fundraising pages
Takeaways from the top 25% ,[object Object]
If you want to raise over $15,000, focus on $500+ donors
Those raising over $7,500 must focus on $75 and above donation amounts,[object Object]
But higher amounts come in earlier
Average donation size vs. number of donations *represents donations per month
Top 25% fundraisers receive higher donation amounts * Average donation amount received per month
Most plan to continue raising money after race day Source: FirstGiving post-race survey
Takeaways: donations by month ,[object Object]
The average donation amounts are highest early in the fundraisingcycle
Most fundraisers continue fundraising after the marathon.
Fundraisers with higher goals receive more per donor *based on range of 36 – 40 donations per page
Fundraising Tips Fundraising seven months prior results in higher donation amounts. Ask for higher amounts ($100 - $250) and ask  early! ,[object Object]
Don’t give up! Post-event fundraising returns higher donation amounts per donor*based on range of 36 – 40 donations per page
Spreading the word: share socially Social sharing works! ,[object Object]
85% of returns are from Facebook, followed by Yahoo!, Twitter, and then Linkedin*based on range of 36 – 40 donations per page
Is it ever too late to start? Test case Sent an email reminder to inactive page creators 1 week before the marathon event 10% opened email  10% of those activated pages  Total raised in 1 week by activated pages = $14,690
Test case takeaways ,[object Object]
Send a targeted activation email at least one month before the event
Even one week prior – target email message as “it’s never too late to start fundraising – any amount makes a difference” ,[object Object]

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Going the Distance with Race Fundraising: Benchmarking Success

  • 1. Going the Distance with Race Fundraising: Benchmarking Success 2010 Boston Marathon, 5K and 10K race benchmarking analysis Website: www.firstgiving.com Twitter: @firstgiving FirstGiving for Runners Blog: runners.firstgiving.com
  • 2. About the presenters Andrew Urban Head of Sales and Business Development andrew@firstgiving.com Debra Askanase Community Engagement Manager debra@firstgiving.com
  • 4.
  • 6. 10+ years in business
  • 8. Offices in Boston and San Francisco
  • 9. 100+ employees worldwide82% - the average year over year increase in online donations a nonprofit sees that utilizes FirstGiving.
  • 10.
  • 11. By the numbers: 5K and 10K FirstGiving fundraising Average amount raised per 5K race fundraiser: $433 Average amount raised online:$385 Average amount raised offline: $48 Average amount raised per 10K race fundraiser: $521 Average amount raised online:$439 Average amount raised offline: $82 Average online donation 5K: $52 Average online donation 10K: $50 Number of active 5K fundraising pages: 4,009 Number of active 10K fundraising pages: 396 *2010 Boston Marathon was held April 19
  • 12. Key race findings ✪The typical fundraiser employs a combination of offline and online mechanisms to reach the fundraising minimum ✪Largest percentage of donations are âś” $25 - $75 and âś” $100 - $150 ranges ✪ To raise the minimum, the typical fundraiser needs âś” 36 – 40 donations per page for a marathon âś” Expect 7 – 8 donations per page for a 5K or 10K race *2010 Boston Marathon was held April 19
  • 13. Key race findings ✪ Most marathon donations arrive âś” In the 4 months prior to the event but âś” donations 7 – 5 months prior are higher amounts ✪ The top fundraisers get higher average donation amount, and many more $100 - $150 donations ✪ Your fundraisers are likely to raise money for your cause in another event *2010 Boston Marathon was held April 19
  • 14. Boston Marathon official charity program: Boston Marathon = qualified runners only Official charities are give 15 numbers, fundraising minimum of $3250 – for unqualified runners 2010 marathon held April 19 23,176 runners participated 24 official charities in the program *2010 Boston Marathon was held April 19
  • 15. The average FirstGiving endurance fundraiser raises $4053, 2/3 of it online Average amount raised online per page: $2973.42 Average amount raised offline per page: $1080.25
  • 16. 5K and 10K online/offline fundraising Total amount raised for 5K races 2010: $1,736,138 Total amount raised for 10K races 2010: $ 206,509
  • 17. Number of donations per page - marathon Median donation: 36 donations per page Average donation: 40 donations per page Average donation amount per page: $75 The higher your goal, the more donations needed
  • 18. Donations per page – shorter distance races Average donation amount per 5K page: $433 Average of 7 online donations per page Average donation amount per 10K page: $521 Average of 8 pnline donations per page *FG did not record individual offline donations until Aug. 2010. Prior to Aug. 2010, offline donations were recorded by fundraisers as a lump sum
  • 19. Distribution of donations per page – Boston marathon *based on range of 36 – 40 of donations per page
  • 20. Distribution of donations per page – 5K races *5 fundraisers raised >$10,000, which skewed the $500+ range higher
  • 21. Distribution of donations per page – 10K races
  • 22. Average number of online donations needed to meet your fundraising goal
  • 23. Takeaways: Donation distribution amounts Most donations are $25 - $74. Average marathon donation = $75. Average 5K donation = $52, Average 10K = $50 The second-largest group is $100 - $149, who are critical to meeting the minimum marathon fundraising requirement Donations under $25 account for a very small % of overall donation dollars, but are high in quantity *based on range of 36 – 40 donations per page
  • 24. Fundraising tips Segment donors into different groups – Ask close friends and family for higher amounts Ask other friends and family for $25 - $75 Create suggested amounts to encourage higher donations: $250, $150, $100 ,$75, $50, $25 Ask for smaller donation amounts from weaker ties such as online friends or distant friends *based on range of 36 – 40 donations per page
  • 25. …and keep these benchmarks in mind Marathon fundraisers need 36 to 40 donations to meet a requirement of $3300 5K and 10K fundraisers usually get 7-8 donations per page *based on range of 36 – 40 donations per page
  • 26. Distribution per page: marathon top 25% * Based on top 25% of fundraising pages
  • 27.
  • 28. If you want to raise over $15,000, focus on $500+ donors
  • 29.
  • 30. But higher amounts come in earlier
  • 31. Average donation size vs. number of donations *represents donations per month
  • 32. Top 25% fundraisers receive higher donation amounts * Average donation amount received per month
  • 33. Most plan to continue raising money after race day Source: FirstGiving post-race survey
  • 34.
  • 35. The average donation amounts are highest early in the fundraisingcycle
  • 36. Most fundraisers continue fundraising after the marathon.
  • 37. Fundraisers with higher goals receive more per donor *based on range of 36 – 40 donations per page
  • 38.
  • 39. Don’t give up! Post-event fundraising returns higher donation amounts per donor*based on range of 36 – 40 donations per page
  • 40.
  • 41. 85% of returns are from Facebook, followed by Yahoo!, Twitter, and then Linkedin*based on range of 36 – 40 donations per page
  • 42. Is it ever too late to start? Test case Sent an email reminder to inactive page creators 1 week before the marathon event 10% opened email 10% of those activated pages Total raised in 1 week by activated pages = $14,690
  • 43.
  • 44. Send a targeted activation email at least one month before the event
  • 45.
  • 46. Fundraisers represent all types of runners“Have you run a marathon before?” 46% 54% Source: FirstGiving post-race survey
  • 47. Expect repeat fundraisers for your cause:“Do you plan to raise money again for the same cause in another endurance event?” Source: FirstGiving post-race survey
  • 48. Approximately 10% are qualified runners Source: FirstGiving post-race survey
  • 49. Email to runners series“I loved the emails, updates and tips, they were all very helpful!”
  • 50. Email to runners series“I loved the emails, updates and tips, they were all very helpful!”
  • 51. Email to runners series“I used a lot of the ideas that I got in your e-mails”
  • 52.
  • 53.
  • 54. Wrap-up: Key findings ✪The typical fundraiser employs a combination of offline and online mechanisms to reach the fundraising minimum ✪Largest percentage of donations are âś” $25 - $75 and âś” $100 - $150 ranges ✪ To raise the minimum, the typical fundraiser needs âś” 36 – 40 donations per page for a marathon âś” Expect 7 – 8 donations per page for a 5K or 10K race *2010 Boston Marathon was held April 19
  • 55. Wrap-up: Key findings ✪ Most marathon donations arrive âś” In the 4 months prior to the event but âś” donations 7 – 5 months prior are higher amounts ✪ The top fundraisers get higher average donation amount, and many more $100 - $150 donations ✪ Your fundraisers are likely to raise money for your cause in another event *2010 Boston Marathon was held April 19
  • 56. Resources for Runners and Nonprofits Running Blog: FirstGiving for Runners: http://runners.firstgiving.com Facebook Group: FirstGiving for Runners: http://www.facebook.com/home.php?sk=group_108926099171285 Online Fundraising Blog: http://blog.firstgiving.com Create a fundraising team or event: sales@firstgiving.com
  • 57. Thank you! Contact us: andrew@firstgiving.com debra@firstgiving.com Twitter: @firstgiving, @askdebra And don’t forget FirstGiving’s online spaces for runners: FirstGiving for Runners Blog: runners.firstgiving.com FirstGiving Facebook Page: http://www.facebook.com/firstgiving FirstGiving for Runners Facebook Group: http://www.facebook.com/firstgiving#!/home.php?sk=group_108926099171285 Flickr FirstGiving Event Photos: http://www.flickr.com/groups/firstgivingevents/