As Gen Y hits its stride professionally and financially, it is more important than ever for nonprofits to attract these young adults to their cause and convert them into reliable donors. But how do you build relationships with this generation of givers?
Prospecting with Millennials will require a solid understanding of what drives them to support one group over another—knowing what they look for in a charity, offering the right kinds of engagement opportunities and speaking the same language as millennials, according to Meg Fowler Tripp, director of editorial strategy at Sametz Blackstone.
Fowler and others at her firm collectively refer to this generation as Donor 3.0. When it comes to charities, these donors want to support an organization that aligns with their own personal brand and values.
“Millennials craft their image and personal brand according to their values and how they want to be seen,” Tripp told Nonprofit Business Advisor. Everything that makes its way into their digital footprint—i.e., their Facebook, Twitter, Instagram, YouTube and other social media accounts—is curated to reflect those values and how they see the world and their place in it, she said. Nonprofits looking for their support need to align with those values as well.