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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
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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)
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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)
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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)
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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
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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
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The Need for Private Support
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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
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Integrated Fund Raising Define your Message – marketing Deliver your Message - communications Focus on Students Segment your Alumni Steward your donors
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Types of Giving Annual Giving$1- 10K Major Gifts$50K+ Principle Gifts$1M+ Foundations Corporations Estate Gifts
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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
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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
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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
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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
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Why support higher education? Investment in creating Knowledge A Gift that can solve real world problems Institutional Security Legacy Emotional Connection Loyalty Confidence
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Why Not? Wrong Idea Wrong Time Wrong Amount
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Y OUR Q UESTIONS ?
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