A few months ago I wrote about the Chains of Habit many nonprofits are forming by reaching out to and stewarding the millennial generations. These chains of habit begin by establishing awareness about the mission and then move through increasingly higher asks:
2) small donations
3) encouraging peers to become involved/donate
4) larger donations
This process, which mirrors any donor stewardship process, is undergirded by the emerging forms of electronic communication: enewsletters, social media, and more.
The internet is now the flour that thickens and binds the sauce.
Many CEOs feel unsure of how to proceed but, today, we have updated information to guide our approach. The 2011 Millennial Donor Survey results have been released and they are worth paying attention to.
Here are a few of my key take-aways from the report.
1) 70% of millennial have raised funds.
Wow! Think about our nonprofit boards. How many of you have 70% of your board members raising funds? Not many, I’d be willing to wager. However, this next generation appears to be more comfortable with fundraising than their predecessors. This makes sense. Partially because of (and partially evidenced by) social media, the millennial generation is a very connected group. They want to engage with one another and with others who share common interests. When they’re passionate about something — your mission?!? — they happily share.
Nonprofits can harness this fundraising might by encouraging millennial to join boards and by creating low price-point opportunities for donating/fundraising.
2) 70% said they would share cool events on Facebook.
This is in comparison to the 30% who would share that they had donated or the 34% who would share they had made an impact. They don’t want to brag. They don’t want a plaque on the wall. They want to engage. . . and it has to be cool.
Nonprofits should take note. Rubber chicken dinners and standard forms of donor recognition aren’t enough. It’s time to get real and get creative.
3) 90% had never donated through Facebook.
This is shocking to me, especially given the fact that most of them preferred to give online. Does this mean that nonprofits are not effectively asking through Facebook? Or, instead, does it mean that nonprofits are effectively engaging through Facebook AND getting the donors to click-through and donate via their website. I don’t know but I hope it’s the latter.
Either way, nonprofits can look at ways to improve the numbers of millennial s (and others) donating through Facebook. The survey mentioned safety concerns as one of the reasons only 10% were donating through Facebook. Don’t let that stop you. You can make the ask via Facebook but offer links so that the actual donations come via your website.
The millennial generation is here to stay as is this new fangled internet thing. Thanks to the Millennial Donors Survey, we have more information about how we can reach this increasingly powerful population. I’ve offered a few key facts here but there are many more included in this report. It’s definitely worth a read.
If you’ve had success reaching out to the millennial generations, I’d love to hear about it. Please post your comments here or share them on www.facebook.com/JennysJunction.