The document analyzes fundraising data from the 2010 Boston Marathon. It finds that the average fundraiser raises $4053, with 2/3 coming from online donations averaging $2973. Most donations for marathons are between $25-75, with $100-150 donations critical to meeting fundraising minimums. The analysis provides tips for nonprofits on setting achievable fundraising goals and maintaining regular communication to maximize donations.
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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
9. 100+ employees worldwide82% - the average year over year increase in online donations a nonprofit sees that utilizes FirstGiving.
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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 ✔ $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
13. 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
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
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
37. Fundraisers with higher goals receive more per donor *based on range of 36 – 40 donations per page
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39. Don’t give up! Post-event fundraising returns higher donation amounts per donor*based on range of 36 – 40 donations per page
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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
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44. Send a targeted activation email at least one month before the event
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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
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”
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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 ✔ $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
55. Wrap-up: Key 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
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/