Discover the power of data-driven fundraising for K-12 and higher education institutions. Learn essential tips to boost your fundraising results here.
Adam Weinger
Published:
October 10, 2023
Updated:
October 10, 2023
K-12 schools and higher ed institutions, public and private alike, rely on smart fundraising strategies to generate the revenue needed to maintain and grow their operations. But planning and carrying out fundraising initiatives without the donor data to inform them can feel like a shot in the dark.
By harnessing the power of data analytics, however, educational institutions can unlock new avenues of support and establish personalized fundraising tactics that resonate with supporters on a deeper level.
In this blog post, we delve into the world of data-driven fundraising and explore what schools of all shapes and sizes need to know.
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A data-informed fundraising approach empowers school fundraisers to build and strengthen donor relationships in a rapidly changing landscape. Today, tailored engagement efforts are seeing particularly high levels of success, with personalized initiatives resonating deeply with organizations’ support networks.
In fact, according to industry research, personalized emails see open rates over 82% higher than generic emails, while segmented campaigns produce up to 760% revenue growth!
Each contact in your CRM is a different person who has their own unique set of behaviors, preferences, and history with your school. For example, Sarah (a recent college grad and devoted alumnus who has recently begun donating to the college's scholarship fund) and John (a retired faculty member who actively participates in campus events and has supported the annual fund campaign for the past twenty years) should not be engaged with in the same way.
Instead, the insights gleaned from personal interactions, surveys and forms, and third-party resources—powered by smart technology—can guide your efforts with individualized engagement recommendations and more.
In this guide, we’ll explore several critical donor data points and how each one can inform your school’s efforts. These include:
The more you know, the better you can tailor your strategy for each person supporting your cause. By establishing donor-centric fundraising practices, you can create a positive giving experience that fosters long-term engagement that goes beyond any single transaction.
Demographic data is some of the most basic information you can collect about a donor. And it’s the foundation of a successfully personalized strategy.
Key demographic points to look out for include a supporter’s name (full name and preferred name or nickname, if applicable), contact information (phone number, email address, social media handles, etc.), address and geographic location, age or D.O.B., and more.
How to get this data point: Ask for these details on your online donation pages. While you’ll want to limit the number of required form fields to the must-haves (typically name and email), the rest can be optional requests. Tons of donors are willing to provide additional information when asked!
Understanding a donor or prospect’s affiliation with your school can be the key to pulling off an effectively tailored strategy. After all, it’s likely one of the primary motivations behind an individual’s giving.
For example, you’d likely take a different approach to alumni engagement than you would for a current student, faculty member, or unrelated donor. Each group has its own unique set of defining characteristics, and acknowledging a supporter’s relationship with your school can establish a more personalized giving experience.
How to get this data point: This is another piece of information you can ask for in your donation form. Consider implementing an optional drop-down field that encourages donors to mark their status as a student, alumnus, family member, friend, faculty/staff, or other.
A donor’s past giving patterns can be one of the largest indicators of future behavior. By tracking how your supporters are involved with your school, you can take key steps to encourage further support. For example, you’ll be able to better understand giving motivations, predict engagement trends, and even uncover major donor opportunities.
Keep in mind that engagement history should go beyond traditional donations—and encompass all instances of giving, volunteering, peer-to-peer fundraising, attending events, matching gifts, and more.
How to get this data point: This information should be quick and easy to locate in your donor database. To ensure you have a thorough understanding of each individual’s engagement with your institution, regularly updating your CRM is a must.
If you send donation appeals using a channel that a donor doesn’t care for, your outreach is more likely to be discarded without consideration. On the other hand, if you use an individual’s favorite means of communication, you can expect a significantly greater response.
Thus, tracking and analyzing donor communication preferences can go a long way—not only in securing more gifts for your school, but also in reducing costs invested in non-responsive channels.
How to get this data point: Take a look at your recent interactions with a donor. Do they tend to be more responsive over email compared to direct mail? Do they favor phone calls or text messages? Your past campaign conversion rates can provide a ton of useful details. Alternatively, consider sending a donor survey that asks respondents to share their preferred communication channels to get straight to the point!
Knowing where your donors work is one of the most impactful data points you can have. Not only does employment data allow your team to uncover existing workplace giving opportunities (i.e., matching gifts, volunteer grants, annual giving stipends, and more) within your support network, but it can also inform your broader corporate partnership strategy, provide wealth insights, and allow for increasingly personalized outreach.
While the employing company is the most important aspect, it also helps to have additional insights such as their job title, rank, and part-time versus full-time status. Many companies even match donations made by their retirees—so don’t count them out, either!
How to get this data point: Employment information is another data point that can be collected directly within the online giving experience. But our #1 recommendation is to integrate your fundraising platform with an innovative matching gift tool—like Double the Donation’s partnership with Almabase!
Leveraging a solution like this empowers your school to collect employment data from donors as they reach the confirmation screen. Plus, it allows you to screen contact information for corporate email addresses and trigger automated post-donation outreach—each of which provides your team with employer insights.
Asking for too much from your donors can lead to extra “no’s,” while asking for too little often leaves available dollars on the table. Thus, having a basic understanding of an individual’s wealth level and capacity to give can help your development team tailor gift requests with optimal donation suggestions that resonate with the prospect.
This information can also help uncover major donation opportunities that already exist in your network—you just might not know it yet!
How to get this data point: Conduct a wealth screening of the donors, prospects, and alumni in your database to identify those with the ability to contribute substantial gifts. Take a look at common wealth markers like stock ownership, real estate holdings, past giving, and previously uncovered employment details to estimate an individual’s capacity to give.
Beyond a donor’s financial giving abilities, another key tenet of prospect research includes looking into the person’s affinity to give. In other words—do they take a natural liking to your cause?
If an individual has an existing relationship with your school (i.e., student, alumnus, faculty member, family, etc.), that connection often does produce an affinity to support your efforts. However, you’d want to note that a chemistry student would likely be more inclined to donate to an expansion of the college’s science wing rather than a scholarship fund for incoming art classes.
How to get this data point: Make a note in your donor database after each meeting with a major donor or prospect. If they mention any particular interests, jot it down to have on record going forward. If an individual is an alumnus of your institution, their major or field of study can provide some insight into their personal and professional interests.
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As the educational fundraising landscape continues to evolve, data-driven fundraising becomes increasingly essential to unlocking untapped potential.
The invaluable insights gleaned from supporter data can empower your institution to make the most of available resources, identify and engage effectively with high-value prospects, and enhance donor retention—from first-time donors to life-long supporters.
Make sure your development team has the tools and the strategies in place to collect, store, and analyze the data available to you. Don’t let that resource go to waste!
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Fundraising is a necessity for any school to support its educational activities.
It seems you can never fundraise too much or accept too many donations, but you don’t want to bore your supporters with the same fundraisers year after year. Is your school tired of the same old fundraisers and looking for new ideas that are guaranteed to work?
Your search ends here! Follow these 7 proven fundraising ideas for schools to raise money for your students:
1. Walkathon
2. Partner with a local restaurant chain
3. Multicultural fair
4. Car wash
5. Coffee Drive
6. Trivia Night
7. Envelope Fundraiser
Want something focused specifically on fundraising for private schools? Look to DonorSearch’s 5 Steps to A+ Private & Independent School Fundraising.
Read on to boost your mentoring skills and learn about these school fundraising ideas!
Typically annual, a walkathon event is a long-distance walk meant to fundraise for a cause.
Walkathons are usually encouraging and successful events because they support:
1. Health: All participants walk around your designated course, encouraging a healthy habit.
2. Community: Usually hosted on a public field or in a public park, walkathons are open to the public for the most exposure and therefore, evoke a sense of community and develop relationships as they bring people together.
3. Accessibility: Participants will be at different levels athletically, and that’s fine. Some will be participating to challenge themselves, and some will just be participating for fun. The more the merrier.
4. Affordability: Walkathons are fairly inexpensive fundraising events.
Pledges are placed on participants and how far they’re able to walk the day of the event. For example, if Sabrina pledges $5 for every mile Alex walks and Alex walks 7 miles, you’ve raised $35 for your school.
There’s a list of things to do when organizing your walkathon event.
1. Determine a location. You’ll need to decide if you want a course that gets you from Point A to Point B or a circular course that starts and ends at Point A, a straight course or a circuit course, respectively.
2. Pick a date and rain date. Make sure you pick a date in a warmer season, but not a hot one. Try May instead of August. And select a rain date, just in case!
3. Recruit sponsors. Approach previous gala sponsors to see if they’d like to run tents or water stations.
4. Promote your event. You can look into merchandise providers to customize your own t-shirts and water bottles. Promote your event through flyers and word-of-mouth, as well.
For a more extensive description on organizing a walkathon, check out Booster’s walkathon guide.
There are plenty of restaurants that partner with schools and educational clubs to help create awareness and raise money. These restaurants will have school fundraising nights, during which a portion of the sales from the night are donated to the school.
Everyone has to eat. The partnership between restaurants and your school converts a daily task into a charity event.
All you have to do is:
1. Pick a participating restaurant. Many fast food places like Chick-fil-a or Moe’s Southwest Grill have fundraising programs. Just contact your local restaurant for more information. Be sure to check with your local small-business restaurants, too! Many of their owners’ kids have gone through your school system and will be open to help you fundraise.
2. Promote the night. Send out email blasts, create flyers, even make t-shirts, if you’d like. Your fundraiser’s success will depend on your dedication to promotion.
Turn your community’s next good meal into a successful fundraising idea by partnering with a restaurant!
A multicultural fair allows students to showcase their heritage and learn about their peers’ heritage.
Students get a chance to perform cultural demonstrations and sell their culture’s products and food. On top of being a great fundraising opportunity and satisfying the mentor in you, it’s educational and a fun way to immerse the students in different cultures.
There’s a bit of planning that goes into organizing this fair:
1. Pick a location. This fair will be easiest if you have an accessible field if weather permits. If it doesn’t, try a gymnasium.
2. Set a date. If it’s outside, choose a rain date, too.
3. Recruit students to participate. Start a discussion and sign-up sheet to see which students would like to hold a booth at the fair. Ask which foods they’ll be making and selling and which cultural performances they’d like to display.
4. Promote! Post flyers. You might try to schedule the fair during lunch periods to reach the most students and/or during the evening to reach parents, too.
No matter what, make sure your students will have fun during the event–they need to be excited enough to sell and excited enough to learn.
Your school can put together a group of students to organize a car wash. Besides being a quick and simple fundraising idea, it gets your students outside (and away from tablets, phones, and the tv).
A car wash is an easy fundraiser to set up. Plus, everyone needs the pollen rinsed off their cars in the spring so who can pass up just $5 for a car wash?
There are just a few basic planning steps before you hold your car wash:
1. Pick a location. The school’s parking lot is probably your safest bet, just make sure it’s close to a hose!
2. Gather the materials. You need minimal supplies for this event. Invest in some soap, sponges, towels for drying, buckets, and of course, make sure you have a hose!
3. Promote and Advertise. Charge $5 per car and spread the word. You can advertise the day off by having students holding signs at the closest busy road.
Now that you have everything to start, pick a sunny day and hold your fundraiser.
With 83% of American adults drinking coffee, a coffee drive is bound to be a successful fundraiser. Partnering with a fair trade roaster can let you sell both packaged coffee beans and hot cups of joe.
Your students can sell beans to their peers, family, and others, while your school sells cups of coffee during lunch periods. Local coffee shops may partner with you and sell your school coffee at a discounted rate.
You’ll need to find a wholesaler to work with. Do your research and decide which blends at what prices work for your school’s community. Once you’ve found a supplier, all that’s left to do is promote and sell!
Get the word out and recruit students to sell.
Depending on how you want to organize sales, you can have students directly sell the product or keep a sales and orders sheet, like how girl scouts sell cookies.
Be sure to plan out your fundraiser and promote your coffee drive!
A trivia night will spark a friendly sense of competition among your students. You can have students register as teams or individuals.
Again, this fundraiser brings your students together to form a community. It works because who doesn’t love a little bit of rivalry and healthy competition?
Pick a location to host your trivia night. Your school’s gymnasium is a great option, but you can always try to partner with a local restaurant for space.
Make sure you have a plan for advertising and promoting your event to draw a crowd! Charge a small admission fee to trivia teams who want to compete. Plan out how your trivia game will start and finish. You don’t want an unorganized game.
Your trivia night can easily be an exciting and successful fundraiser as long as you plan ahead and organize.
An envelope fundraiser is a super inexpensive and simple way for your school to raise some extra dough. You’ll need 100 envelopes numbered 1 through 100, which you can easily find in your school’s office. Then, supporters who pass by the envelopes will choose one and donate that amount. For example, if Sally picks up envelope 13, she’ll give $13.
Easy, easy, easy. A fundraiser can’t get much more simple than this one. Plus, the envelope fundraiser doesn’t pressure supporters to give!
Get a pack of 100 envelopes and number them. From there, you can pin them to a corkboard in your school’s lobby or front office so students, parents, and others will see it and can make their donations.
All you need is 100 envelopes and a place to hang them and with the generosity of your supporters, you can accept donations.
Just remember to spread the word about your envelope fundraiser so people know where and when they can give because you’re relying directly on individual supporters’ donations.
Throughout your fundraising event, whichever idea you decide to go with, you can build a relationship with your students, like a mentor should. Don’t put too much pressure on them to sell and raise money, but instead encourage them to have fun with the fundraiser.
Still, want more ideas? Check out this list of fundraising ideas for schools and education.
Adam Weinger is the President of Double the Donation, the leading provider of tools to nonprofits to help them raise more money from corporate matching gift and volunteer grant programs. Connect with Adam via email or on LinkedIn.
7 Proven School Fundraising Ideas
Fundraising is a necessity for any school to support its educational activities. It seems you can never fundraiser too much or accept too many donations, but you don’t want to bore your supporters with the same fundraisers year after year. Is your school tired of the same old fundraisers and looking for new ideas that are guaranteed to work?
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Most of your higher education donor prospects, whether they're first-time supporters or long-term donors, already have an affinity for your college or university. They might root for your sports team, champion academic research on campus, or want to pave the way for continued high-quality academics.
While many supporters are emotionally invested in your institution, they may still hesitate to support your fundraising initiatives. They may ignore your Giving Tuesday email appeals, scroll past your social media posts promoting your recurring giving program, or think, “My alma mater always does the same old thing during Homecoming Week” when they receive an invitation to your annual benefit.
So, in order to really grab your donors’ attention, you should plan fundraisers that they’ll be excited to participate in. Of course, there’s no need to throw out the current strategies that are working for your organization, like your graduation day email stream that always boosts your progress toward your annual fundraising goal or the Parents’ Week dinner that sells out every year. But you can fine-tune your strategies so that you always plan fundraisers your donors will love!
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We’ll help you get started by covering three tips:
As you set out to improve your fundraising efforts, consider working with a fundraising consultant. These professionals bring to the table a third-party perspective and years of experience, helping to improve your fundraising strategy in ways you may not have seen. And their work goes beyond identifying problems—a consultant can help you brainstorm and implement positive changes to your strategy, setting your organization up for sustainable success and growth.
Let’s dive into our three tips!
To plan a fundraiser that will resonate with your audience, you need to get to know your supporters and their preferences.
The first place to look for this information is your organization’s CRM. Review the donor profiles saved in your CRM to identify trends in your audience’s demographics and preferences. For example, you might notice that most of your donors fall within the age range of 45-60. You might use this information to create a more targeted social media marketing plan for your next campaign, leaning into Facebook over a platform that younger generations prefer, like TikTok.
Another source of information is donors themselves! Try surveying your donors to find out what they want to see in a fundraising campaign. For instance, you might ask your donors, “Where did you hear about our fundraising campaigns?” or “Which of the events listed below are you most likely to attend?” Show your audience that you care about their opinions while gathering ideas. This will help build and maintain stronger relationships with your support.
Leveraging your CRM and surveying your audience of supporters will empower you to step into your community members’ shoes and see your fundraising efforts from their perspective. This way, you can easily plan campaigns and events that they will be excited to participate in!
Having the right fundraising tools on your side will help you set up a campaign that is quick, easy, and hassle-free. And convenience will be a major deciding factor in how your supporters feel about your campaign!
Here are some fundraising tools for your next campaign, as well as how they can be used to streamline the process for everyone involved:
With each of these fundraising tools, one of your main priorities should be to brand the tool to your organization. Even if you’re using an external platform, having your institution’s brand elements present on a fundraising page or other donation tool is imperative. Doing so can reinforce for your supporters exactly why they’re giving and can help establish professionalism and credibility with your audience.
One of the best things about fundraising for a college or university is the tight-knit community that your organization gets to interact with each and every day. So, why not level up your next fundraiser by having your campaign culminate in a fun event, where people who love your school can gather together and mingle?
There are hundreds of options out there for fun end-of-campaign events. Here are a few of our favorites:
Events like these can bring your community closer and help your supporters create lasting memories that they associate with your institution. To make your event a success, make sure to start planning early. You’ll need to secure venues, arrange catering, and recruit volunteers to make sure everything runs smoothly on the big day!
By using these tips, you can polish your college or university’s approach to fundraising and plan campaigns that your donors will love. As you do, remember to focus on building lasting relationships with your supporters. Show them that you appreciate and value them, and that you’re working to make sure your efforts resonate with them and what they love about your school. Good luck!
Plan a Fundraiser Donors Will Love: 3 Tips
To be a successful higher education fundraiser, you’ll need to keep your donors in mind. In this guide, you’ll learn how to plan a fundraiser donors will love.
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Picture this: You’re the director of fundraising and development at a well-known higher education institution. You’ve recently had a ton of money coming in to support your larger-scale initiatives. A private grant-giving foundation is providing your team with the money required to open a high-tech computer lab, and a major donor is funding the building of a new wing at the school.
But what about your other day-to-day operations? You need funds to keep your institution above water, continue paying staff salaries, and invest in behind-the-scenes technology that allows your university to continue running smoothly. Oftentimes, major gifts and grant funding don’t cover those needs.
And that’s where your annual fundraising strategy comes in! In this guide, we’ll explore four powerful tips for boosting this particular type of fundraising. As you begin planning your upcoming campaign, be sure to:
All sorts of mission-driven organizations rely on annual fundraising to help manage their in-between needs—and when it comes to university and other education-based institutions, your alumni are likely to be your biggest supporters!
Are you ready to uncover how you can position your school for the greatest annual fundraising success going into 2022? Let’s get started.
Fundraising organizations have learned a lot about effective fundraising strategies (and the way that they’re always changing) from the highs and lows of 2021. And before that, 2020. Going in 2022, reviewing efforts and results from previous years can give you a head start toward success.
To get started, take a look at where your fundraising flourished in the past year, as well as where you see room for improvement. If you notice that your efforts in the corporate giving arena could use some extra work, for example, consider prioritizing corporate fundraising in the upcoming year.
Here are some other key performance indicators (or KPIs) you might look at:
As you craft your newest annual fundraising strategy, make sure to prioritize the avenues that have historically been your most profitable while also giving extra care to channels that may be lagging behind.
A significant element of successful fundraising involves setting fundraising goals beforehand. Otherwise, how will you determine “success” in the first place?
You’ll want to choose lofty objectives that inspire donors and fundraisers alike while ensuring you don’t aim too high that it can seem unrealistic or like a “lost cause.” To find the perfect medium between the two, the best and most effective goals often follow the SMART framework.
As you craft your upcoming objectives, make sure they are:
Here’s an example of a SMART goal for an upcoming campaign - “To collect $10,000,000 in individual contributions to fund university operations by 12/31/2022.”
To contrast, a poorly crafted goal might look like this - “To raise a lot of money in the next few months.”
The former sample is much clearer and will ultimately result in greater success, while the latter is subjective and vague. When your annual fundraising objectives incorporate each element listed above, you can ensure your team is positioned for success.
The more fundraising strategies and tools develop, the more comprehensive your campaigns are expected to be. As a result, organizations are encouraged to integrate multiple channels to spread the word about their annual fundraising efforts far and wide.
The particular avenues you choose to leverage for your annual campaign can vary depending on your donors’ preferences and your team’s strong points. However, they will likely incorporate a combination of the following:
Several years ago, you may have been able to reach your goals solely through phone and in-person solicitation efforts. Now, it’s essential that you take a multichannel approach—both to meet donors where they already are and to stand out from other organizations seeking your audiences’ attention.
Did you know that more than 26 million people work for companies with corporate matching gift programs? It’s likely that many of these individuals are your alumni, donors, and other key supporters.
Before you can expect a solid flow of corporate matches coming in, however, you’ll need to enact specific matching gift marketing strategies to raise awareness of this powerful opportunity. Because although 26+ million individuals are eligible for company matches, more than 78% of this group is completely unaware.
To incorporate corporate matching gifts into your annual fundraising strategy, consider these best practices:
For you, matching gifts mean that your school has the potential to collect two donations for the cost of soliciting one. And for your donors, they get to know their contributions went twice as far.
You can’t do the big things (like your overall mission impact) without being able to fund the little things as well. An effective annual fundraising strategy allows your team to collect the dollars you need to bankroll every part of your school’s operations—from the most glamorous of tasks to the most mundane.
Luckily, integrating these best practices into your strategy will allow you to raise more funding for your institution and better situate your team for ongoing success. Good luck!
4 Tips for Your Annual Fundraising Strategy
Effective annual fundraising is critical for universities and other donation-driven institutions. Explore four easy tips to set your school up for success.
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December 30, 2021
12 minutes
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