3. Session Topics
1.Who are young alumni?
2.Why is it so important to engage this audience?
3.What should you be doing in front and behind the scenes?
4.Trends in young alumni giving
5.Metrics you need to evaluate
6.Trendsetters in the space
4. •Statistics are powered by donorCentrics service
•Target Analytics FY2013 Report on Alumni Annual Giving
•Private College Consortium Benchmarking Group (Undergraduate Alumni)
•Large Summit Benchmarking Group (Undergraduate Alumni)
•Sustainer Benchmarking
•All metrics are based on transactional “hard credit” giving data
Background on Data
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5. •Arizona State University
•Bowling Green State University
•Carleton University
•Colorado School of Mines
•Colorado State University
•College of William and Mary
•Dalhousie University
•Darden School of Business
•Iowa State University
•Indiana University
•Indiana University of Pennsylvania
•James Madison University
•Kansas University
•Kent State University
•Louisiana State University
•Loyola University Chicago
•McMaster University
•Michigan State University
•Montclair State University
•North Carolina State University
•New Jersey Institute of Technology
•Ohio University
•Oregon State University
•Pennsylvania State University
•Queens University
•Radford University
•Rutgers University
•Simon Fraser University
•Southern Alberta Institute of Technology
•Texas A&M University
•Texas State University
•The Ohio State University
•University of Arizona
•University of California, Berkeley Haas School of Business
•University of California, Davis
•University of California, LA School of Law
•University of California, Riverside
•University of California, Santa Cruz
•University of California, San Diego
•University of California, Santa Cruz
•University of Cincinnati
•University of Delaware
•University of Florida
•University of Georgia
•University of Guelph
•University of Houston
•University of Kentucky
•University of Maryland
•University of Michigan
•University of Minnesota
•University of Nebraska
•University of North Carolina, Chapel Hill
•University of North Carolina, Greensboro
•University of North Carolina, Wilmington
•University of Northern Colorado
•University of Oklahoma
•University of Oregon
•University of South Dakota
•University of Tennessee
•University of Texas at Austin
•University of Toronto
•University of Virginia
•University of Waterloo
•University of Wisconsin
•Virginia Tech University
•Washington State University
•Western University
•Wilfrid Laurier University
•York University
Public Institutions
5
6. •Benedictine College
•Boston College
•Boston University
•Brandeis University
•Carroll College
•Case Western University School of Medicine
•Colby College
•College of St. Benedict
•College of Wooster
•Columbia University
•Concordia College
•Cornell University
•Creighton University
•Dartmouth College
•Emory University
•Furman University
•Gettysburg College
•George Washington University
•Grinnell College
•Harvard Medical School
•Johns Hopkins University
•Luther Seminary
•Marquette University
•Massachusetts Institute of Technology
•Meharry Medical College
•Mount St. Mary’s College
•Northwestern University
•New York University
•New York University Law School
•New York University Stern School of Business
•Ohio Wesleyan University
•Oral Roberts University
•Point Loma Nazarene University
•Rensselaer Polytechnic Institute
•Rice University
•Rockhurst University
•Saint Mary’s College of California
•Sarah Lawrence College
•Smith College
•Southern Methodist University
•St. Catherine University
•St. Joseph’s University
•Syracuse University
•Texas Christian University
•The Geisel School of Medicine at Dartmouth-Hitchcock
•Union College
•University of Chicago
•University of Miami
•University of Pennsylvania
•University of Pennsylvania Law School
•University of San Francisco
•University of San Diego Law School
•Wentworth Institute of Technology
•Wake Forest University
•Wofford College
•Yale School of Management
Private Institutions
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7. •Within 10 years of graduation (age 21-31) “Millenials”
•Transient
•Philanthropic pattern = minimal
Who are Young Alumni?
9. Future impact:
•Enrollment numbers have reached an all-time high. For many organizations, this means that young alumni are taking up a larger piece of your active constituent pie.
•This growing number poses the question, “how will we able to connect with all of these individuals in order to ensure participation rates and dollars raised are on point?”
Why take action now?
9
38%
62%
Active Alumni
Class of 2000+
All Other
Active Alumni
Alumni Distribution
80%
20%
Donor Distribution
Donors Class of 2000+
All Other Donors
10. Helping young alumni understand the importance of supporting an entity that has given them so much already is going to make the transition to donor an easy one.
1.Don’t be afraid to throw out numbers
2.A smaller gift is still a gift
3.Keep your messaging catchy and consistent
The education continues…
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“Last year, gifts between $10 and $100 totaled $1.25 million. The value of your gift is much greater than its dollar amount. It sends a strong message that the newest generation of alumni understands the importance of giving back and is invested in the University’s future.”
11. “We need to prove that we are an organization worthy of young alumni’s support early on, and keep them there, or young alumni will find another organization to support” – Anna Louise Carter, Alumni Relations (Clemson University)
1.Form a young alumni council
2.Start a tradition
3.Recognize your young alumni
4.Hub city exposure
Connection is key
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12. Gathering :
• email addresses
• employment information
• social influencers
• wealth indicators
Tracking:
• legacy
• student involvement
• post-graduate involvement
Use data analytics in house or from a vendor to build engagement models. Having good data will only help your efforts!
What should you be thinking about?
12
17. Young Alumni Trends in Giving
•Donors who graduated 1-9 years ago make up a larger portion of all active donors than they did in 2009:
•14% increase in Private Colleges
•23% increase in Public Universities
•Where proper coding is available, Paid Caller programs continue to be the largest source for Young Alumni (though web giving is certainly increasing)
•Value grows over time (the payoff on the investment doesn’t happen overnight!
% of Lifetime donors giving in CY
Lifetime Revenue per Donor
18. The Key Metrics for evaluating your Young Alumni Program
Retention
Reactivation
Acquisition
Donor Migration (i.e. pipeline to major giving)
Powered by donorCentrics Metrics » 500+ organizations are using donorCentrics throughout North America, South America, Europe, Australia, and Asia » Benchmarking sectors include arts and culture, healthcare, environmental, societal benefit, public broadcasting, human rights, human services, colleges and universities, animal protection, international relief, and secondary schools. » Transactional (not self-reported metrics) » Hard credit giving, gift caps applied
20. Retention Rates
•Compare Retention Overall to Retention for Young Alumni
•Find your best young alumni donors to retain: giving levels, loyalty, frequency
20 #bbcon
Large Publics: Overall Retention Rate (median): 58%
Private Colleges: Overall Retention Rate (median): 70%
22. Reactivation Rates (1-5 years lapsed)
•Compare Reactivation Overall to Reactivation for Young Alumni
•Find your best young alumni donors to reactivate: giving levels, loyalty, frequency
22 #bbcon
Large Publics: Overall Reactivation Rate 1-5 years lapsed (median): 11%
Private Colleges:
Overall Reactivation Rate 1-5 years lapsed (median): 18%
23. Median Revenue per New Donor
$119
$125
$123
$106
$119
$116
$114
$130
$116
Private
Public
Overall
2011
2012
2013
24. Young Alumni: Revenue per New donor
Graduation
Revenue per Donor
2000-2009
$85
2010-2013
$25
Seniors
$14
Large Publics
Private Colleges
Graduation
Revenue per Donor
2000-2009
$84
2010-2013
$48
Seniors
$25
26. Case Study: University of Chicago
•5 years ago implemented program:
•Specific branding and short bursts of activity for young alumni
•Found cell phone numbers
•Executed more digital solicitations overall for young alums and utilized more challenges.
•Young alumni branding was more casual, graphic, and goal oriented.
•Added in a strong student philanthropy program
•Expanding the program: so successful with Young Alumni that the definition is changing.
• Found that when alumni moved from 10 years out to 11, there were precipitous drop-offs of participation—more than would have been expected from post-reunion drop off.
•Attributed this to changing them from a mostly digital program to a mostly mail program that was now addressing them as “Mr/Mrs” etc.
•Expanded the young alumni to 20 years out and have now seen significantly renewed giving amongst those in the 11-20 year out range.
27. Results: University of Chicago
•Increased participation each year!
•Increased retention rates each year!
•Young Alumni are boosting totals overall, not “dragging them down”
Overall
66% retention rate
Class of 2000-2009
61% retention rate
Class of 2010-2014
53% retention rate
Seniors
45% retention rate
28. Case Study: Columbia University
•Giving Day Social Ambassadors (Columbia SOCIAL)
•Used the Columbia Alumni Association's Facebook page to start a pilot program
•Partnered with SocialToaster to share content via e-mail with ambassadors to post on Twitter and Facebook.
•Sent E-mails 2-3 times a week (with a link to automatically share on social sites)
•Incentivized with prizes
29. Results: Columbia University (2013)
•83 alumni, friends, faculty and staff members were ambassadors (over 6 states and 7 countries!)
•Average age 31.18 years old
•61 were “active”
•13 schools represented
•Reached 74,091 constitutents:
•Facebook: 59,961
•Twitter: 10,557
•Instagram: 3,436
•$7.8M Raised!!
•As of September, have recruited 333 ambassadors for Giving Day 2014
30. Case Study: Clemson University
•Implemented a Young Alumni fundraising campaign in conjunction with the 1B “Will to Lead Campaign”
•Spearheaded by the Young Alumni Council and funded with help from the office for advancement
•Initiatives:
•Host smaller scale campaign kickoffs in hub cities for young alumni specifically
•Release marketing material that pulled on heart strings
•Educate young alumni as to why giving back is important
•Results:
•Over a 4 year period, young alumni giving has increased over 217%
•The average young alumni gift has increased to $103.55
•More young alumni are active donors and sustainer giving is increasing
31. What is your reason to give back?
“The future of alumni engagement is fueled by young alumni, so I want to help my alma mater stay cutting edge in its engagement efforts by relaying the thoughts of a young alumni” – Harrison Trammel, Lawyer (Clemson, UNC)
“I want to acknowledge the great experience I had during undergrad. The 4, make that 5, years at UGA determined the steps I took in the next stage of life. If every alum can make some type of gift or volunteer for their alma matter it will drastically improve the experience for future students” – David Seifert, Director of Sales (UGA, Citadel)
“I want to remain connected. For me, it's important to know that I am still a part of Duke's current operations, even if it's just in a small way. Duke sends me magazines, emails, and keeps me in the loop - it is my way of holding up my end of the "keeping in touch" relationship” – Caroline Mix Stapleton, Lawyer (Duke)
32. 32 #bbcon
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