Friday 31 October 2008

Dalai Lama gives away UK profits

The Dalai Lama has donated tens of thousands of pounds to charity after unexpectedly making a huge profit from his recent visit to Nottingham. The exiled Tibetan spiritual leader had planned his trip in May as a non-profit event, but five talks he gave at the Nottingham Arena were sell-outs.

Children's charities and services in Nottingham have been given £12,000. A further £50,000 was donated to other more global causes, including China's earthquake-affected Sichuan province. Other causes to profit from the unexpected windfall are victims of the Burma cyclone and a children's project in Tibet. http://news.bbc.co.uk/1/hi/uk/7660396.stm

Wednesday 29 October 2008

Prospect Research - an introduction

Prospect research, also known as development research or fundraising research, is a process in fundraising wherein a researcher identifies and provides relevant information about potential donors to an organization. Prospect researchers are usually employees of universities, charities or other not for profit organizations. Some are freelancers, or work for private companies. Organizations generally employ prospect researchers to find and qualify potential "major" donors who have the resources to make a large gift to the organization, although the definition of a "large" gift can vary considerably. A prospect researcher will assess an individual's, company's or charitable trust or foundation's capacity and propensity to donate. Prospect researchers use a variety of resources, including public records, business and financial publications, and Internet databases.

Most prospect researchers adhere to a code of ethics to protect both the institutions they represent and the prospects they research.

Prospect researchers will conduct research to evaluate a prospect's ability to give, also called capacity (how much the individual is worth) and warmth toward the organization, a.k.a. affinity (how close the prospect feels to the organization). Prospect researchers may also analyze data in a donor or constituent database to identify new potential major donors or to predict which groups of constituents are most likely to make major gifts: for example, giving constituents what consultant Peter Wylie calls a "simple score."

Wealth ratings usually refer to a prospect's capacity to donate.

http://en.wikipedia.org/wiki/Prospect_research