Crowdsourcing Week 2013

Crowdsourcing Week (CSW) is the first global week-long conference focused on crowdsourcing, crowdfunding, and open innovation. Singapore saw this first-of-its kind event bring together the brightest minds in crowdsourcing and open innovation including 300 delegates from 23 countries for over 57 talks, panels, and networking events.

Spotlight

Alexander Haas

Alexander Haas is widely recognized as one of the leading fundraising consulting firms in the Nation. Our ultimate goal is to help our clients to accomplish and advance their mission by enhancing and expanding their fund raising capacity and the resources available for programs. Alexander Haas has provided fundraising counsel and conducted successful campaigns for nearly 1,000 organizations of virtually every type, from across the country, with goals ranging from $1 million to more than $1 billion.

OTHER ARTICLES
Nonprofit Management

The Money Redirect That’s Coming for Donor Wallets

Article | July 20, 2022

I speak to countless people in the nonprofit sector during the year, including many wealthy major gift donors. Throughout my time working with nonprofits, I often get asked and tell others what I see on the horizon. Recently, I wrote about a nonprofit crash that’s on the way. What's next? I see a big governmental money redirect. It’s no secret that zombie philanthropy took root in the sector. According to the National Philanthropic Trust’s "2020 Donor-Advised Fund Report," these funds, also known as DAFs, have approximately $140 billion under management by money managers at institutions such as Fidelity Charitable Trust, Schwab Charitable and Vanguard Charitable. Because these organizations are set up as 501(c)(3) organizations, donors receive immediate tax deductions.

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Nonprofit Management

Ladder of Engagement: Nonprofit Fundraising Strategies

Article | July 14, 2022

Have you ever heard of the "Ladder of Engagement"? It's definitely not a new strategy, but as the world increasingly relies on keeping audiences engaged and connected, it's an increasingly important tool for all nonprofits. The nonprofit ladder of engagement is a powerful tool to hook your "casual follower" and move them toward being your most loyal donor and everything in between. If you don't already have a strategic ladder of engagement for your nonprofit, now's a great time to develop one. And for organizations that have one in place, it's good practice to evaluate and make adjustments from time to time--and summer is an excellent time of year to do just that! This blog will help you develop or update your nonprofit's ladder of engagement.

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Nonprofit Management

Using Social Media in Peer to Peer Fundraisers

Article | July 12, 2022

Much of the nuts and bolts of fundraising costs money, and expenses can impact your organization’s bottom line. Still, many successful nonprofits have enjoyed robust giving in recent years due to one relatively inexpensive method to exploit: social media. We’ve become much more familiar with the various social media platforms recently; if the pandemic showed us anything, there is connective power to social media platforms. From the comfort of our homes, we can engage with people and organizations in our hometowns and far away places. If you are fundraising for a nonprofit, this connectivity is one way to attract new donors, cultivate current donors, steward your donors, and, ultimately, encourage gifts from friends new and old. Through peer-to-peer social outreach, the most impactful online connections are made, just as in “real life” fundraising. Peer-to-peer fundraising can look a few different ways. One way is by encouraging your supporters to set up their own fundraiser pages. Some fundraising softwares make this easy by allowing a person to set up their own campaign. All of a sudden, their network becomes your network, too! Understanding the Best Platform for your Organization Another way of tapping into peer-to-peer power is through social media. How can social media help attract new donors? First, take an inventory of the social media accounts associated with your organization. Do you have a Facebook page? LinkedIn? Instagram? TikTok or Twitter? Find someone savvy within your nonprofit – or a friendly supporter – to help you determine if all of these (or some of them) are a good fit for your nonprofit’s personality and mission. Do you serve an adult client base? Facebook and Instagram might be good starting platforms for you. Does your organization help teenagers? Post to Instagram and TikTok. Perhaps a professional LinkedIn page is more in line with what you do. If so, make sure it is up to date and that you are interacting with other like-minded organizations! Organizing Campaign Content for Donors Once you have your platforms figured out, pushing organizational content that highlights your group’s work and mission will help you attract new friends and cultivate your loyal supporters. Think about posting entries that highlight the work you do in short sentences and compelling pictures, and think about posting on some kind of schedule. Perhaps you post about programming on Tuesdays and feature a client or member on a Thursday. Mindless posts are not compelling – make them relevant, interesting or clever, and tactical. Overwhelming the social media feed is not the goal – compelling content which drives social media users to your organization to learn more is. Peer-to-peer social media fundraising often begins with peer-to-peer content sharing. Once you have a handle on the kinds of posts your organization will create – and when they’ll be pushed out – you must leverage the power of social media connections to help further your organization and its case for support. Encourage all of your staff and Board members to “friend” you on the various platforms, and encourage them to boost your content by sharing it with their networks. Do you have an event coming up? Be sure to get this out to your social media contacts and ask them to share it. Has a donor been particularly generous, and can you feature them in a social media post? If you can do so, “tagging” the donor will, in many instances, automatically push your content out to their networks. The reach becomes massive with the right connections. Leveraging Peer Audiences Cultivation and stewardship of your nonprofit’s loyal supporters are very easy on social media. Pictures and words of gratitude or recognition are simple to post and can demonstrate your organization’s impact far beyond the reach of any email or mailing list. Finally, social media’s usefulness in fundraising cannot be overstated. Create virtual events that allow friends to RSVP and share them with their networks. Use Instagram to push out the publicity about the fundraiser – any promotional materials you may have or can create – to manufacture some “buzz” about the event. Utilize TikTok to showcase aspects of the fundraiser: perhaps highlight a program that the fundraiser will benefit or a behind-the-scenes of the event planning. There is no need to restrain creativity – give viewers a reason to return to your site, your event, and your nonprofit!

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Nonprofit Management

7 Reasons to Invest in a Volunteer Program

Article | May 20, 2022

Volunteers are the lifeblood of any nonprofit. Your services, fundraising campaigns, and even day-to-day operations of your nonprofit can depend on volunteers. An estimated 30 percent of Americans or 77.9 million people reported they volunteered for an organization or association.” AmeriCorps published survey So, if people want to volunteer, the key to garner willing volunteers is to: Communicate your needs Share your “why” Make it easy While all nonprofits know they need volunteers, investing time and energy into building a program can naturally fall by the wayside. As you look to recruit and retain volunteers, a best practice is to put a strategic volunteer program in place. You may be asking, “What’s the benefit to me, the nonprofit?” Let’s dive into it! First, let’s start with the basics — what are the top reasons to invest in a volunteer program? We’ve got you covered. A dynamic volunteer program: Creates ambassadors for your mission. Volunteers spread the word in your community and increase your community engagement. They can advocate for you with their friends, family, and local and state legislatures. Provide your volunteers with messaging so they can share their “why” on social media and by word of mouth. One pro tip shared by Points of Light is to provide a digital badge to add to your volunteer leaders’ email signatures. Develops new funding sources. The line between a volunteer and donor should be fluid, not separate. A 2014 study by Fidelity Charitable found that 83% of volunteers report supporting the same nonprofits with their donations. Don’t silo your volunteers and your donors! Reduces your operating costs. According to the Independent Sector, the value of a volunteer hour was estimated at $28.54 in 2020. Since payroll is often the largest expense for a nonprofit, volunteers provide essential support to your cause with minimal costs to you. Increases the quantity and quality of your programs and services. It’s a win-win situation for professional development and your lengthy project list! That list will be met by an eager, talented volunteer, and your volunteer will improve their professional skills at the same time. Maximizes your limited staff resources. We’re sure there’s been a few items on your wish list that you’d love to check off if you had more resources, like being open on holidays or offering more services to your community. Volunteers can fill in those gaps! Maybe they are looking for ways to give back over a holiday, or they may have the connections to develop a new service opportunity for you. Increases your diversity and brings in new ideas. Although your nonprofit may always strive to diversify or get out of the “we’ve always done it this way” rut, you may not meet the potential of those goals with your staff. Volunteers can provide unique perspectives, different experiences, and even that spark of excitement that comes with a new idea. Minimizes volunteer turnover.Just like staff onboarding, volunteer onboarding takes time and money. If you recruit and onboard well with easy-to-access opportunity matching, training, and tracking mechanisms in place, your volunteers will be well on their way to a successful experience. Build on that by learning more about your volunteers’ interests and skills, and they will feel seen and appreciated. An upfront investment will pay off in years of dedicated service. Are you convinced? If so, it’s time to take the next step of how to start putting a volunteer program into place. Then you can scale your volunteering as your nonprofit grows! Here are our 5 fundraiser-approved steps to developing a bullet-proof volunteer program. Step 1: Quantify your current volunteer impact. Gather data on number of volunteers, hours and skills contributed. Measure the return on investment (ROI) including your program cost and total estimated volunteer value (# of volunteer hours x est. volunteer wage per hour). You can even take it a step further and consider the monetary savings to the community when volunteers provide the service or in-kind donation versus a private provider (e.g. number of children tutored or trees planted). Step 2: Educate your staff and board on the benefits of volunteering. Share your ROI and other data with your executive team and board and garner to get them on board. Recruiting, onboarding, engaging, and retaining your volunteer base will be much smoother when you have their support. Step 3: Purchase or build a volunteer management software system. Track volunteer hours, record your volunteers’ information, and create reports. Your software/tracking system should include a personalized volunteer dashboard where they can track their hours and volunteer services provided, demonstrating to them their impact in real-time. Step 4: Develop a plan for recruitment, training, and growth opportunities for your volunteers. Share the plan with your current volunteer leaders and solicit their feedback before rolling out to the community. Step 5: Make the case for even more investment in your program next year. Give insight into how your efforts to recruit, engage, and retain volunteers positively impact your mission and your bottom line.

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Spotlight

Alexander Haas

Alexander Haas is widely recognized as one of the leading fundraising consulting firms in the Nation. Our ultimate goal is to help our clients to accomplish and advance their mission by enhancing and expanding their fund raising capacity and the resources available for programs. Alexander Haas has provided fundraising counsel and conducted successful campaigns for nearly 1,000 organizations of virtually every type, from across the country, with goals ranging from $1 million to more than $1 billion.

Related News

Fundraising, Nonprofit Technology

FrontFundr raises over $140 million for more than 100 campaigns and launches new fundraising campaign

FrontFundr | September 22, 2022

FrontFundr, Canada’s leading equity crowdfunding platform, announced a significant growth milestone today—the company has surpassed 100 successful closes and processed over $150 million in investments for startups in Canada. To mark this momentous occasion, FrontFundr also launched its own fundraising campaign today, giving everyone the opportunity to invest in the platform itself. Equity crowdfunding allows anyone to invest in private companies and provides an alternative way for companies across a range of funding stages to raise capital. Since launching in 2015, FrontFundr has become the leading platform to invest in the growth of Canada’s most exciting startups and growth stage companies regardless of whether you are a beginner or a seasoned investor. Today’s milestone announcement comes at a time when many Canadians are feeling the pressures of inflation, rising costs and uncertainty in public markets. As wallets and traditional investments dwindle, investing in the private markets are becoming more attractive. They enable people, small and larger investors, to participate in early-stage investment opportunities that could potentially generate high returns while being mostly sheltered from external pressures like market volatility. When someone invests through FrontFundr, the return on those investments are driven by the success of the company, rather than public market sentiment. People can invest in companies they believe in and align with their values and interests. Some companies who have had campaigns on FrontFundr include CAARY, Manzil, Joni, Tiptap and Ecologyst. FrontFundr experienced strong business growth over the summer months and delivered several record results: The platform reached the same number of successful closes in the month of August, as in its entire previous record quarter: 5.5x the number of successful closes of the previous month and 117% higher than the same previous year-to-date period Investor activity increased by 25% quarter-over-quarter in 2022 Revenue increased by 94% quarter-over-quarter in 2022 (almost double from the previous calendar year) “We’re incredibly excited to see equity crowdfunding succeeding here in Canada and poised to go mainstream as we’ve seen in other countries Now that we’ve surpassed 100 successful raises on our platform, we see FrontFundr becoming the go-to platform for people to invest in Canada’s innovation economy while providing promising Canadian private companies access to capital from the public — and this is only the beginning.” -Peter-Paul Van Hoeken, Founder and CEO of FrontFundr. FrontFundr also announced the launch of its own fundraising campaign on the platform today. By listing itself on the marketplace, people have the unique opportunity to directly invest in the Canadian startup ecosystem. The campaign is now open to the public, and anyone can make an investment until Friday, November 4th, 2022. About FrontFundr: FrontFundr is Canada’s leading online private markets investing platform and an exempt market dealer. It provides startups and growth companies access to capital, and gives investors access to private companies they believe in and want to support. With a community of over 30,000 users, FrontFundr gives everyday investors the chance to review and complete private placements on one digital platform. The company’s revolutionary technology allows Canadians to invest in innovative growth businesses in under 12 minutes, starting from as little as $250.

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Feenix: A crowdfunding initiative for university students in debt

The Citizen | July 22, 2019

Statistics from the United Nations Educational Scientific Cultural Organisation (Unesco) have revealed that only 23% of science, technology, engineering, mathematics (Stem) talent is female, which is something a South African crowdfunding startup is working toward changing. The UN’s findings have been supported by reports that indicate that the male to female Stem graduate ratio in South Africa is as imbalanced as it is in the rest of the world, according to Feenix. According to Leana de Beer, chief operating officer at Feenix, the aim of the organisation is to connect communities in a bid to promote a world in which debt-free education is more than just a dream.

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Economic development nonprofit offering prizes for transportation solutions

Crain's Cleveland | June 03, 2019

The Fund for Our Economic Future is putting $1 million behind an effort to help solve what it calls the Transportation Paradox: "No car, no job; no job, no car." The economic development nonprofit has created what it's calling the Paradox Prize to reward ideas that help Northeast Ohioans stranded economically by geography connect to open job positions. Using a web portal which opened June 3, the organization is soliciting ideas to help more people access or keep high-quality jobs. Unfavorable land-use patterns and the outmigration of jobs, the organization said, have contributed to a spatial mismatch that makes it difficult, if not impossible, for some people to find or keep a job. Most jobs now require employees to have a car. Without a car, they face a commute by public transit that can be as long as three hours a day or significantly limited, often lower-paying, employment options. "Too many residents find themselves stuck in an intractable scenario," said Bethia Burke, vice president of the fund, in a press release. "No car, no job; no job, no car."

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Fundraising, Nonprofit Technology

FrontFundr raises over $140 million for more than 100 campaigns and launches new fundraising campaign

FrontFundr | September 22, 2022

FrontFundr, Canada’s leading equity crowdfunding platform, announced a significant growth milestone today—the company has surpassed 100 successful closes and processed over $150 million in investments for startups in Canada. To mark this momentous occasion, FrontFundr also launched its own fundraising campaign today, giving everyone the opportunity to invest in the platform itself. Equity crowdfunding allows anyone to invest in private companies and provides an alternative way for companies across a range of funding stages to raise capital. Since launching in 2015, FrontFundr has become the leading platform to invest in the growth of Canada’s most exciting startups and growth stage companies regardless of whether you are a beginner or a seasoned investor. Today’s milestone announcement comes at a time when many Canadians are feeling the pressures of inflation, rising costs and uncertainty in public markets. As wallets and traditional investments dwindle, investing in the private markets are becoming more attractive. They enable people, small and larger investors, to participate in early-stage investment opportunities that could potentially generate high returns while being mostly sheltered from external pressures like market volatility. When someone invests through FrontFundr, the return on those investments are driven by the success of the company, rather than public market sentiment. People can invest in companies they believe in and align with their values and interests. Some companies who have had campaigns on FrontFundr include CAARY, Manzil, Joni, Tiptap and Ecologyst. FrontFundr experienced strong business growth over the summer months and delivered several record results: The platform reached the same number of successful closes in the month of August, as in its entire previous record quarter: 5.5x the number of successful closes of the previous month and 117% higher than the same previous year-to-date period Investor activity increased by 25% quarter-over-quarter in 2022 Revenue increased by 94% quarter-over-quarter in 2022 (almost double from the previous calendar year) “We’re incredibly excited to see equity crowdfunding succeeding here in Canada and poised to go mainstream as we’ve seen in other countries Now that we’ve surpassed 100 successful raises on our platform, we see FrontFundr becoming the go-to platform for people to invest in Canada’s innovation economy while providing promising Canadian private companies access to capital from the public — and this is only the beginning.” -Peter-Paul Van Hoeken, Founder and CEO of FrontFundr. FrontFundr also announced the launch of its own fundraising campaign on the platform today. By listing itself on the marketplace, people have the unique opportunity to directly invest in the Canadian startup ecosystem. The campaign is now open to the public, and anyone can make an investment until Friday, November 4th, 2022. About FrontFundr: FrontFundr is Canada’s leading online private markets investing platform and an exempt market dealer. It provides startups and growth companies access to capital, and gives investors access to private companies they believe in and want to support. With a community of over 30,000 users, FrontFundr gives everyday investors the chance to review and complete private placements on one digital platform. The company’s revolutionary technology allows Canadians to invest in innovative growth businesses in under 12 minutes, starting from as little as $250.

Read More

Feenix: A crowdfunding initiative for university students in debt

The Citizen | July 22, 2019

Statistics from the United Nations Educational Scientific Cultural Organisation (Unesco) have revealed that only 23% of science, technology, engineering, mathematics (Stem) talent is female, which is something a South African crowdfunding startup is working toward changing. The UN’s findings have been supported by reports that indicate that the male to female Stem graduate ratio in South Africa is as imbalanced as it is in the rest of the world, according to Feenix. According to Leana de Beer, chief operating officer at Feenix, the aim of the organisation is to connect communities in a bid to promote a world in which debt-free education is more than just a dream.

Read More

Economic development nonprofit offering prizes for transportation solutions

Crain's Cleveland | June 03, 2019

The Fund for Our Economic Future is putting $1 million behind an effort to help solve what it calls the Transportation Paradox: "No car, no job; no job, no car." The economic development nonprofit has created what it's calling the Paradox Prize to reward ideas that help Northeast Ohioans stranded economically by geography connect to open job positions. Using a web portal which opened June 3, the organization is soliciting ideas to help more people access or keep high-quality jobs. Unfavorable land-use patterns and the outmigration of jobs, the organization said, have contributed to a spatial mismatch that makes it difficult, if not impossible, for some people to find or keep a job. Most jobs now require employees to have a car. Without a car, they face a commute by public transit that can be as long as three hours a day or significantly limited, often lower-paying, employment options. "Too many residents find themselves stuck in an intractable scenario," said Bethia Burke, vice president of the fund, in a press release. "No car, no job; no job, no car."

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