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COLLEGE of Literature, Science, and the Arts University of Michigan Fundraising for Education Presentation for: Taipei Municipal University Of Education.

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Presentation on theme: "COLLEGE of Literature, Science, and the Arts University of Michigan Fundraising for Education Presentation for: Taipei Municipal University Of Education."— Presentation transcript:

1 COLLEGE of Literature, Science, and the Arts University of Michigan Fundraising for Education Presentation for: Taipei Municipal University Of Education Peggy Burns, Assistant Dean for Advancement

2 College of Literature, Science, and the Arts (LSA) Facts 16,000 Undergraduate Students 980 Faculty 1,200 Graduate Students Three Divisions: Natural Science, Social Science, Humanities 26 Departments, 20 Programs /Centers / Institutes and 7 Museums 200k Alumni (400K UM Total)

3 Rankings First Year Student Experience –Learning Communities, Service Learning, Study Abroad, UROP #22 for Best Undergraduate Education #8 Commitment to Undergraduate Teaching –Above Yale, Stanford and Harvard #29 among National Universities (US News & WR) #1 in Research and Development Funding (NSF) #15/200 World’s Greatest Universities (QS Rankings) 26 LSA Departments in the top 15 (NRC)

4 Rankings #11 Most Desirable large School #15 Top Schools for Future Power Brokers #24 Most desirable Urban Schools (Newsweek) #2/50 Top MFA Programs (Poets and writers Magazine) 26 LSA Departments in the top 15 (NRC)

5 My Office - LSA Advancement Development Marketing Communications Student Recruitment and Scholarship Vision: to create a culture of giving for the nations preeminent public liberal arts college

6 Resources Personnel Breakdown 9 Regional Fund Raisers with Department Liaison Assignments Annual Fund and External Relations Director Events Team for College and Development Events Stewardship Team Marketing/Communications Team Web Team Student Recruitment and Scholarship Office

7 The Need for Private Support

8 UM Philanthropy 2008 – UM Completed $3.2B Campaign LSA – Raised $350M Individual Donors, Sponsored Research, Foundations, Corporations Student Support Program Support Faculty Support Building Projects

9 Integrated Fund Raising Define your Message – marketing Deliver your Message - communications Focus on Students Segment your Alumni Steward your donors

10 Types of Giving Annual Giving$1- 10K Major Gifts$50K+ Principle Gifts$1M+ Foundations Corporations Estate Gifts

11 Major Gift Fund Raisers Believes in the Product Builds a Pipeline via a Process Listens to the Donor Engages the appropriate support resources Asks the “Magic” Question Always closes for the next step

12 Major Gift Fund Raisers Does pre-call planning and research Has prompt follow up Knows how to negotiate Establishes a “relationship” Sets and Achieves goals Is able to create a sense of urgency Is creative in providing solutions Seeks a win-win situation

13 Major Gift Process Donor Perspective Ignorance Awareness Interest Experience Participation Ownership From Advancement Resources LLC Cedar Rapids, Iowa Joe Golding, President (866) 398-3376 www.advancementresources.org Institution Perspective Preparation Planning/Strategy Donor Interaction Donor Response Stewardship

14 Gift Engagement Process Preparation Planning/Strategy Donor Interaction Donor Response Stewardship Distribution of Gifts  Principal Gifts: 7 & 8 figure 30 asks 25 closes 85% close rate  Major Gifts : $100K - $999K 900 asks 300 closes 33% close rate  Leadership Gifts: $10K-$100K 500 asks/yr 250 closes/yr 50% close rate  Annual Fund/ Annual Giving thousands of asks/yr

15 Why support higher education? Investment in creating Knowledge A Gift that can solve real world problems Institutional Security Legacy Emotional Connection Loyalty Confidence

16 Why Not? Wrong Idea Wrong Time Wrong Amount

17 Y OUR Q UESTIONS ?


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