Did you know Millennials and Gen Xers make up two-thirds of the workforce? Combined with this shift in workforce composition is the rise of social media, a reclassification of what is valued, and several changes to our traditional understanding of communication, relationship building, giving, and community. I was asked to lead a workshop in which…
Over the past two weeks, we have been looking at practical ideas that may help us address the issue of student debt. It is a multi-faceted concern, and we believe institutions must attack it from three angles: cost reduction, revenue generation, and curriculum development. Last week, we looked at cost reduction. Today, we will dive…
Financial support is an important aspect of institutional support. While is not a dominant revenue source at most institutions, it is vital to the work we do. In many ways, it bridges the gap and enables institutions to pursue their missions. In addition, it is a great way for people to participate in the work…
According to data from ATS, there are five different revenue models for independent schools within ATS (70% of ATS seminaries are independent). I find the information provides great context for conversations among leaders of a given institution. Following a description of the data, I will share a few points of interest. Let’s look at the…
By 2017, the Millennial generation will have the most buying power. The Millennial generation’s economic value goes beyond current giving levels and can be higher than other generations. Fundraising is profoundly multichannel and the Millennial generation is not loyal to any one giving channel. Direct mail did not register as a way in which members…