How COVID-19 changed philanthropy

The pandemic has prompted philanthropists to donate quicker than they did in the past, The Chronicle of Philanthropy reported April 9.

Advertisement

“We’re all taught that the major gift cycle is 18 months — that you need to wait, that you need to build up,” Kathryn Van Sickle, director of major gifts at New York’s Chapin School, told The Chronicle of Philanthropy. “That’s no longer the case because people have taken a lot of time to sit down, to revisit their values, to think about their legacies.”

In addition to acting faster on contributions, donors have become pickier about what they give money for, Patrick Gamble, the leader of fundraising for early childhood nonprofit SproutFive, told The Chronicle of Philanthropy.

“People are like, ‘All right, I only really care about this,'” he said. “‘Don’t talk to me about the playground.'”

Donors are also more interested in having long, intimate conversations with fundraisers about what they’ve been through, leading fundraisers to not only raise money, but give emotional support to their donors.

“We’re the first to hear from prospects what they’re going through,” Reshunda Mahone, a fundraiser at Emory University’s business school, told The Chronicle of Philanthropy.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Capital

Advertisement

Comments are closed.