7 Faces of Philanthropy-Print - The Varga Group · 5/7/2019 · 7 FACES OF PHILANTHROPY Based on...
Transcript of 7 Faces of Philanthropy-Print - The Varga Group · 5/7/2019 · 7 FACES OF PHILANTHROPY Based on...
7 FACES OFPHILANTHROPY
Based on research by Prince & File
Donor giving comes primarily from one of these seven motivations.
The Devout
Altruist Repayer Dynast
Investor SocialiteCommunitarian
How well do you know why your donors give?
Typically serveon a board
Don’t want tobe recognized
Have local history and roots
Gives to lots of local groups
Success tied to success of community
Supports outreach and mission work
Moral obligation
to give
Acts on faith in
institutions
“Doing Good Makes Good Sense”
“Doing Good is God’s Will”
The Devout
Responds to client testimonies
HIGH HIGH
Values knowing other donors
Responds to client testimonies
HIGH MEDIUM
Values knowing other donors
21%of donors are
Devout
26%of donors are
Communitarians
Communitarian
Socialite
Put them to work on event fundraisers
Have creative ways to get people to give
Follow-up with people brought to events
Expect sterling reputation
Wants to be host
Often not interestedin being on board
“Doing Good is Good Business”
“Doing Good is Fun”
Investors
Gives carefully after investigation
Looks for measurable returns on investment
Philanthropy is a business relationship
Not seen as charitable gift
Prospect for anyone who can show bottom
line / results
Motivated by creativity of
event planning
Like to be honored among their social
network
Want special status/attention
from the staff
Responds to client testimonies
HIGH HIGH
Values knowing other donors
Responds to client testimonies
HIGH HIGH
Values knowing other donors
15%of donors are
Investors
11%of donors are
Socialites
Altruist
Repayer
“Doing Good Feels Right”
“Doing Good in Return”
Direct service volunteersoften are here
Spontaneous donors
Believe wealthy have obligation to give
Prefer to be anonymous
Rarely serve on BoardGenuine selfless
donor
Doesn’t seek attention
Reponse to life-changing experience
Emphasis on results and beneficiaries
Like low involvement in organization
Responds to client testimonies
MEDIUM HIGH
Values knowing other donors
Responds to client testimonies
HIGH LOW
Values knowing other donors
9%of donors are
Altruists
10%of donors are
Repayers
Dynast
Will use outside advisors
Like to help economically disadvantaged
“Doing Good is a Family Tradition”
Philanthropy is a strong
family value
Most careful and selective
of all
Focus on core mission of institution
Responds to client testimonies
HIGH HIGH
Values knowing other donors
8%of donors are
Dynasts
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