Join us to chat about the Millennial Impact Report

Jul 09 2012 Published by under Topic Discussion

We are teaming up with Social Citizens and Achieve to bring you the sources of all of the knowledge behind The Millennial Impact Report.

A SPECIAL EDITION #MILLENNIALCHAT!

It will be held on Thursday, instead of Tuesday.  The date is – THURSDAY, JULY 12TH – same time as usual – 3:30pm – 4:30pm EST.

The Millennial Impact Report was a report done by Achieve in partnership with the Case FoundationCheck it out by clicking here.  You will want to brush up on your millennial impact knowledge because there will be PLENTY of opportunities to win a free registration to MCON12, an all online conference to hear directly from organizations on how they are engaging Millennials and to understand how experts in the field are advising nonprofits nationwide on creative Millennial involvement.

Registrations will be awarded (a $125 value) all day July 12th.  Here are the breakdown of prizes!

 

Top 5 Users with the most tweets using the #millennialchat hashtag in the 24 hours of chat day.

- PRIZE: Free registration to #MCON12 (a $125 value)

5 Random Users who join in on the chat during the
3:30pm-4:30pm hour

- PRIZE: Free registration to #MCON12 AND a Social Citizens Prize pack (includes SC t-shirt, pen, and USB Wristband)

Make sure to invite a friend, follow @SocialCitizen & @Achieve_Consult, and even if you don’t win one of the free registrations to MCON12… REGISTER! You will not regret it.

 

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A Millennial’s Guide to Giving

Jan 26 2012 Published by under Sarah B.

by Sarah B.

Remember when Liz blogged about how Millennials are perfect donors? Sometimes, as a volunteer, you might decide you’d like to begin giving more than time to an organization. But how do you start? And what if you’re on a Millennial budget?

Research, research, research.

How do you want your money to make a difference? Philanthropy is personal, so think about what matters most to you. Once you know the answer, look for organizations that match your goals. If you’re already a volunteer, start with the organizations you trust. You have probably seen some of their success firsthand.  To begin giving, ask questions like:

  Where does the majority of your funding come from?

  What will you use my money for this month/quarter/year?

  How will I know my money has made an impact?

  What will ____ dollars do for you?

If you’re not already familiar with an organization, you can do research on GuideStar.  Once you register (free), GuideStar will give you important information about how much money an organization receives and how the money is spent.

Donations

flickr photo by matthew burpee

Crunch those numbers.

Once you know where to give, decide how much to give.  Just like impulse shopping, impulse giving can make it difficult to stay on track with your budget and your philanthropic goals, so plan your giving this way:

  • Decide how much money you will give overall.
  • Determine a giving schedule that works with your budget. (Monthly, quarterly, etc)
  • Select how many organizations will benefit from your money.

(A recent study shows that 63% of Millennials gave to 3 or more organizations in a year.)

  • Ask yourself: “Do donor clubs, recognition opportunities, or giveaways matter to me?”  (It’s okay if they do! Find out what each organization offers at different levels.)
  • Set aside a little bit of money for impulse giving so that you can give to friends in a charity walk, participate in workplace campaigns, or other surprise charitable opportunities.

Ditch the stamp.

Most Millennials probably won’t be writing a check and mailing it to their favorite nonprofit organization every month.  Here are some ways to contribute without a stamp:

Technology.  Most nonprofits allow you to give through their website, and sometimes, you can set up automatic monthly or quarterly payments. You can even give to some organizations through text messaging or mobile apps!

Workplace United Way campaign.  United Way campaigns provide the benefit of payroll deductions. You’ll barely miss that extra $10 if it never hits your wallet. You can tell United Way you’d like your money to go to a specific organization (called designating) or let them decide how to spend it (useful if it’s your first time giving). United Way agencies are held accountable to certain standards before they can receive funding, so you can trust them to use your money wisely. Don’t forget to ask your employer if they will match any contributions you make to nonprofit organizations!!  It’s like free money for your favorite cause.

Giving circles.  This is an exciting trend that many Millennials may not be familiar with.  Groups of people pool their money and determine how that money will be used.  In Indianapolis, one great giving organization is Giving Sum.  They combine their members’ money, as well as volunteer time, to give one organization a contribution each year that they could never give on their own. Giving circles allow you to add a social aspect to your giving.

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To learn more from or connect with Sarah, follow her on Twtitter – @sarahkathleen
You can also follow the rest of The Millennial Chat Team here.
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What your advice for first time donors?
How do you manage your giving?

Your feedback about giving is important!  If you’re a Millennial, take the 2012 Millennial Donor & Engagement Survey.

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Why Millennials are the Perfect Donor

Dec 30 2011 Published by under Liz B.

by Liz B.

In my humble opinion, Millennials bring together all of the aspects of a perfect donor. At Building Tomorrow and in general in my watching of the fundraising world, I have seen Millennials do some amazing things by  giving their time, talents, and resources to others and to causes they believe in. Below are the three reasons that Millennials are the perfect donor. 

1. Dollar by Dollar

First Millennials give dollar by dollar.

Even though millennials are often those who eat Easy Mac every single night, they also understand the power of every dollar they give. At Building Tomorrow we work with college-based chapters asking them to raise funds for the construction of primary schools in Uganda. A BT Academy costs $60,000 to build and you’d be hard pressed to find a college student who can write a $60k check. However we’ve seen throughout the years, college students taking that number and saying “Okay… now if every student at my school gave just $2 or $10 or $1.81 then we could build a school.”

Millennials are perfect donors because they will give what they can give, even if that’s simply the change in their pockets and they understand the impact that $1 can have.

2. Friends, friends, friends 

Second, Millennials are perfect donors because they have friends – I know shocking statement.

Millennials have that inborn itch to share with their friends what they care about, what they’re doing this weekend, what they’re reading online and how they feel about it. They want their friends to know about the cause they care about.

However, unlike other generations, a Millennial’s friend won’t just throw in $10 if asked in a form email or letter. Instead they skip the politics of giving just to be nice and actually require a reason.

Millennials utilize sharing functions on many nonprofit or fundraising sites (i.e. One Day’s Wages, DonorsChoose, Building Tomorrow) to tell their friends about causes. However the technology alone is not enough. Millennials and their friends care more about the WHY. For Millennials these functions only work if they make it about sharing stories. That’s what pulls in their friends: the personal message of why their friend cares about this cause – not just a retweet or post on Facebook.

3. They care… a whole freakin lot.

Finally, and this is pretty clear in the first two but worth saying a billion more times, Millennials CARE about their causes. Example A – Millennial Chat team member Megan Emme’s  post about what she wants most this holiday season. Megan could have picked any of the millions of causes out there. Instead she thought about what she cared about most, researched the causes, and then shared information about them to teach others about the cause.

Millennials will give to the causes they care about, the ones they’ve researched and found to be trustworthy. They care where nonprofits spend their money and whether or not they are getting the most bang out of their buck.

Since Millennials are the perfect donors, we have only exciting things to look forward to in the years to come. As this generation grows so will their ability to change the world – literally – by giving dollar by dollar, bringing in a community of friends, and taking the care to learn and teach others about their causes.

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To learn more from or connect with Liz, follow her on Twtitter – @lizbraden33
You can also follow the rest of The Millennial Chat Team here.
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Do you think millennials are the PERFECT donors?
What can we do better?
Comment below or join the discussion on our Facebook page.

7 responses so far

DAY AFTER: How we, #millennials, give back to our communities… within budget

Oct 05 2011 Published by under Day After

Yesterday’s chat was lively as usual!  It was good because we revisited a subject that we tackled in our very first Millennial Chat ever.  In that chat, however, it was mainly about how to get millennials to donate.

Millennials have a tough time giving back or sharing their money because most of us are in entry-level positions (this is why we DON’T get paid the big bucks), starting our careers (this is why we don’t have much time), or just haven’t thought about it a great deal (because we are still young).

However, it is in the millennial generation’s nature to help out especially when our friends make an ask to help out their organization.  And, the tendency millennials have, to be connected to everyone, means we get that many more personal asks through all avenues of our life.

So it was good to talk it out yesterday, bounce ideas off of each other and figure out – What IS the best way to give back within budget?

Here are 4 takeaways from yesterday’s chat:

  • What we lack in time and money we make up for in willingness to be involved.  If we had more time to spare, the resounding consensus was that it would be spent being involved with the organization that received our donation, volunteering, or just being out in the community to get a pulse on what organizations really make a difference.
  • Looking for an online tool to HELP you gain time and resources? Check these out: Sparked, Catchafire, Taproot Foundation, Whole Foods, Runa, Numi Organic, Ben & Jerry’s, WORN, TOMS, and Warby Parker.
  • If you are a millennial and you AREN’T volunteering or trying to be on an organization’s board, just check out some of the benefits: Networking, giving back, resume-building, making friends, “I never would have gotten my current job w/o my volunteer internships”, “I acquire and refine great leadership skills by volunteering (intangible but invaluable)”
  • To help manage your time & money, try some of these tips – give to organizations who also allow you to volunteer, budget a monthly amount to give but donate on the fly, research the organization’s financials, and just find what works for you!

Don’t feel rushed, budget some time & money, and decide for yourself.  Take those personal asks and do your own research!  If you want to see all the details of yesterday’s chat, check the transcript here:

http://sfy.co/IpM

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Also, HUGE NEWS was announced at the end of yesterday’s chat!  Next week our chat goes back to its roots!  Our chat theme is -

What are the pros & cons of holding a virtual conference compared to in-person?

We are teaming up with @socialcitizen and @CaseFoundation to chat about their findings about the Millennial Donor Summit.  The Millennial Donor Summit is what sparked the idea for @MillennialChat.  We are very excited for next Tuesday’s chat about virtual conferences and also the opportunity for a Q&A with both Social Citizen and The Case Foundation!

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Millennials & Giving: How you can give back…. within budget!

Sep 30 2011 Published by under Guest Post

Guest Post:
#Millennialchat
.ter Stacy McCoy (@StacyMcCoy) is the co-founder and CEO of Give To Get Jobs: For-profit jobs that give back (@Give2GetJobs). She strongly believes and is committed to proving to people that you can have a job you love with a steady and stable paycheck that also makes the world a better place. She refuses to settle for anything less! Her guest post today touches on our theme for next Tuesday:

‘How we, #millennials, choose to give back to our communities… within budget’

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Donations are great and we all know how much non-profits need them, especially in this economy.  A little can go a long way.  Luckily, there are numerous services that make donating easy through the web to the causes you care most about.  To name a few: See Your Impact, 33 Needs, Global Giving, and Start Some Good.

But, let’s be honest.  Donations are not always in the millennial budget.  And that’s okay!  You can still give back without having to give money.

Instead of donating money, try donating your time.  Organizations like Sparked, Catchafire, and the Taproot Foundation make it easy to give your time.  They also allow you to give varying degrees of time.

flickr photo by Tim Green

You can also give back without having to change much in your every day life.

To varying degrees, we all consume.  We all need to buy at least the basic necessities.  One easy way to give back is to give through your consumption budget.  These days there are social enterprises that insert a social mission into practically every product.  There is always a way to shop responsibly.

When you go food shopping, try and go to a coop or local farmers market.  You can also find food and beverage products that support social and environmental causes at specialty shops, like Whole Foods.  Companies like Runa, Numi Organic, and fair trade options come to mind, including Ben & Jerry’s.

When you buy clothes, try upcycled, salvaged, fair trade or organic.  You can shop at thrift stores.  Or you can find products that specifically support social causes like the scarves by WORN, shoes by TOMS, or eyewear by TOMS and Warby Parker to name a few.

If that’s still not in the budget, you can find a job in social enterprise or corporate social responsibility.  You can actually get paid to give back.  You no longer have to rely on the non-profit sector to have a personally fulfilling job.  There are jobs that exist in the sweet spot; the spot where you can have both a personally and financially fulfilling job.  I started Give To Get Jobs to make it easier to find these jobs.  They are out there; you just need to know where to look.

There is a way to give back literally with everything that you do.  That is the world we live in today, and it’s awesome.  You no longer have to stick to traditional forms of giving like donating money and volunteering your time.  You can give and give back often without dipping into your savings.

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Make sure to tune in to @MillennialChat next Tuesday at 3:30pm EST to chat more about Millennials and Giving. Follow the #MillennialChat hasthag and join a great group of peers chatting about our experiences!

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