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Generational Dynamics of Donors
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2. Generational Dynamics of Donors
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3. Introduction
Facts
60% of wealthy households who stopped
giving to charitable organizations did so
because:
âtoo frequently solicitedâ
or
âno longer felt connected to the
organizationâ
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4. Introduction
High-wealth donor facts:
Top motivation = âbelieve their gift will
make a differenceâ
Expectations:
7.Transparency
8.Accountability
9.Protection of privacy
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5. Introduction
Emerging Trends among high-wealth donors:
â˘Consulting legal & financial professionals before
making a charitable gift
â˘Making joint household decisions about giving
â˘85% are raising philanthropic children
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6. Introduction
How do we succeed in todayâs market
with the additional challenge of
generational complexities â the
different demands, values and
preferences of todayâs multi-generational
donors?
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7. Introduction
No More Golden Rule -- Try WIIFM
â˘Give your donors their âgetsâ
â˘Arm yourself with knowledge
â˘Apply that knowledge; generationally
focus your outreach, marketing,
advertising and branding efforts
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8. The Four Generations
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9. The Four Generations
If you are... Then you are a...
66 years old + Civic / Silent Generation
47 years â 65 years old Baby Boomer
35 years â 46 years old Gen Xâer
18 years â 34 years old Echo Boomer / Gen Y / Millennial
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10. The Four Generations
Your successâŚ
Understanding the four generations and
their WIIFMs in order to gain their trust and
engage them in your organization/cause.
And get to know the 5th generation!
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11. Civics
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12. Civics
Basics
⢠Ages 66 and over
â˘AKA Matures, Seniors, GIs, Greatest
Generation, Builders
⢠59 million
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13. Civics
Civics are about âŚ
â˘Dedication and Sacrifice
â˘Hard work
â˘Conformity
â˘Stability and Security
â˘Respect for Authority
â˘Delayed Gratification
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14. Civics
So they wantâŚ
No hassle!
â˘Civics respect the rules and authority
but theyâve been abiding by rules for a
long, long time.
⢠A no hassle âIâll take care of itâ
experience will drive Civic loyalty.
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15. Civics
So they want you to âŚ
Be the purveyor of the ultimate
payoff!
⢠Think about âdelayed gratification.â
⢠Marketing messages should include
things like âthis is your timeâ, âyouâve
waited long enoughâ, âreward yourself.â
Tell them â âYouâve earned it!â
⢠YOU can provide the âfruits of their
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16. Civics
Give respect, loyalty, honesty
â˘Build a face-to-face relationship
â˘They are referral builders
â˘Communicate authentically and
understand HOW they want to be
communicated with
â˘Deliver on your promises
â˘Use storytelling as a way to reinforce
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17. Civics
Donor outreach messaging:
â˘Stress history and credibility of your
organization
â˘Include titles of position and
responsibility when appropriate
â˘Provide updates on your success as
relates to their previous donations
â˘Include personal stories
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18. Baby Boomers
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19. Baby Boomers
Basics
â˘Ages 47-65
â˘AKA Boomers, âMeâ Generation
â˘78 million â largest generation
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20. Baby Boomers
Boomers are aboutâŚ
â˘Personal gratification
â˘Optimism
â˘Satisfying the âselfâ first
â˘Community involvement
â˘The âteamâ win
â˘Rewards
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21. Baby Boomers
So they wantâŚ
To feel like part of the team.
â˘You are on the same team.
â˘âYour teamâ will work toward their
success.
â˘Your organization is based on
teamwork.
â˘âOur organization has a team of
professionals that work towardâŚâ
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22. Baby Boomers
So they wantâŚ
This to be about them.
â˘Provide individualized service to them.
â˘Donât discuss all of the other things you
need to do.
â˘Keep the focus on them.
â˘Make them feel like servicing them is
the center of your universe.
â˘When you are with them, limit any
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23. Baby Boomers
So they wantâŚ
To know that you are part of their
community.
⢠This is the original âinvolvedâ
generation -- Protesters,
environmentalists, etc.
To know that your organization will
be an integral part of their journey
towards âwhatâs next.â
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24. Baby Boomers
Donor outreach messaging:
Optimism!
â˘Speak of things in positive terms â
â˘âThereâs no challenge too great.â
â˘âWe will move any obstacle to get this
done.â
â˘âWe are committed to winning
together.â
â˘âItâs just the beginning.â
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25. Baby Boomers
Quick Boomer Fact
Todayâs 50-65 crowd is flush with over
$1,000,000,000,000
In spending power per year.
They should be a part of your
outreach strategy!
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26. Generation X
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27. Generation X
Basics
â˘Ages 35-46
â˘AKA Xâers, Baby Busters
â˘48 million
â˘Original âlatchkeyâ kids
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28. Generation X
Values and Preferences
â˘Fierce Independence
â˘Change
â˘Techno-literacy
â˘Skepticism
â˘Work is âjust a jobâ
â˘Need Autonomy
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29. Generation X
Their heroes?
â˘No heroes or icons other than â
themselves!
â˘Much of Gen X has spent a lot of time
alone, figuring things out themselves.
â˘Why idolize anyone?
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30. Generation X
Gen Xâers are aboutâŚ
â˘Seeking a sense of family
â˘Desiring fun/freedom
â˘Technoliteracy
â˘Seeking balance
â˘Fierce independence
â˘Skepticism
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31. Generation X
Philanthropy characterized byâŚ
â˘Demand more info before giving
â˘Skeptical/less willing to trust
bureaucracy
â˘Men crave more family time = less time
on civic activities
â˘Question ideological/civic orientations of
previous generations
â˘Grew up during high unemployment,
low wages, little advancement
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â˘Disenchanted with politics â work hard
for charitable causes
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32. Generation X
So Gen Xâers wantâŚ
You to respect their skepticism
â˘Create lasting loyalty through extreme
candor.
â˘Tell them everything they need to know
â really.
â˘Be authentic, honest and upfront.
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33. Generation X
So Gen Xâers wantâŚ
You to recognize and address the role
âthe home plays in the familyâ
⢠Xâers are starting and growing
families â most are products of
divorces. Their families are
important to them.
⢠You are helping them build a family
â embrace that vital role!
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34. Generation X
So Gen Xâers wantâŚ
Empowerment with technology.
â˘Utilize technology to drive the
transaction.
â˘Provide a useful, info-rich website.
â˘Communicate and respond
immediately!
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35. Generation X
So Gen Xâers wantâŚ
Hands off!
â˘Embrace the âlatch-key withinâ and give
them space
â˘Understand and acknowledge fierce
Xâer independence
â˘The DIY mentality â Home Depot &
IKEA generation
â˘Be there when needed AND get-gone
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36. Generation X
Donor outreach messaging âŚ
Fun and Freedom
â˘Provide a fun, light experience
â˘Offer freedom of choice â communicate
options at every opportunity
â˘Volunteer opportunities for self and with
their kids
â˘Provide planning contingency â what
are the options if this doesnât work
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37. Generation Y
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38. Generation Y
Basics
â˘Ages 18-34
â˘aka Gen Y, Echo Boomers, Millennials
â˘73 million â 2nd largest generation
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39.
40. Generation Y
Gen Yâers are aboutâŚ
â˘Optimism and fun
â˘Morals
â˘Confidence (strong egoâs)
â˘Community
â˘Techno-fusion
â˘Collaboration
â˘Civic engagement
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41. Generation Y
Philanthropic Characteristics âŚ
The relationship generation
â˘Will be a civic generation â great
promise for the future of philanthropy
â˘Drawn to hometown/local causes
â˘Do respond to âcrisisâ
â˘Give using technology
â˘Will give smaller donations â but will
repeat
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42. Generation Y
So Gen Yâers wantâŚ
To be special and unique
â˘Itâs uncool to be âcookie cutter.â
â˘Show your personality and expect them
to act like individuals.
â˘No comparing them to âother donors.â
â˘Loosen up a little.
â˘Donât judge a book by itâs cover!
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43. Generation Y
So Gen Yâers wantâŚ
To start and finish everything online.
â˘Without internet marketing, you wonât
capture the Gen Y consumer.
â˘Their social life is DRIVEN BY the
internet.
â˘Life is done with the phone.
â˘Response is expected IMMEDIATELY.
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44. Generation Y
So Gen Yâers wantâŚ
To be guided and led, but not told.
(democratic nature will be offended).
⢠Affirm their confidence.
⢠They ARE inexperienced and
WONâT ask for help â but they do
expect it on THEIR TERMS.
â˘Resist the parenting impulse!
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45. Generation Y
Donor outreach messaging âŚ
â˘No comparisons to other groups/causes
â˘Provide FYI, or âjust in caseâ gentle
messages vs. in your face appeal.
â˘Be a part of the community you serve
and âstand for something.â
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46. Generation Y
Quick Gen Yâers fact âŚ
â˘Help them get what they want and they
will be your social advocates.
â˘Referrals will come from this group.
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47. 5th Generation: the ânetâ generation
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48. Generation Z
Quick Gen Zâers facts âŚ
â˘Rather text than talk
â˘Very short attention span
â˘Growing up fast: behavior beyond their years
â˘Growing up in smaller households; with older parents
â˘Parents are more advisors than traditional parent roles
â˘Very collaborative and creative
â˘Very concerned about the environment
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49. Thank you!
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