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February 24, 2025

Arthur CriscillisFrom the Desk of

Arthur L. Criscillis ¦ Managing Partner

Information: Commodity or Precious Metal
When our independent schools (or some component of them) have some special accomplishment, are recognized with some major award, or have some other noteworthy event, our communication team goes into high gear—and it’s well that it should. We have good or important news to share, so we want to disseminate it broadly to as many constituents as possible through as many communication channels as possible. We also like to do it as quickly as possible—get that good/important information out there! This is entirely understandable and, for the most part, appropriate.

However, for development purposes, this approach may be suboptimal. It’s not that we don’t want good and important information to be announced from the highest hills, as it were. It’s just that we may not want it to be done as quickly or as broadly as is the tendency of our art museums.

In development, we think about individuals (some of our principal and major gift prospects, for example) or special segments of individuals (such as donors in our $1 million cumulative giving society or planned giving donors). We think about how we can help them to know that they are valued, that they are important, that they are special. How can we help our nonprofit sustain or even build the relationship they have with these individuals or groups of individuals?

One way that we can demonstrate to people that they are important, trusted, valued and appreciated is to share information with them. Think about it: When you get good or important information, whom do you tell? Who is among the first to hear the news? Family. Close friends. In short, people who are important to us. Similarly, when we can share good news or important information with those who are close to our charity and have demonstrated philanthropically their belief in us before it is broadly disseminated before the masses have heard or read it, we are making a statement to them about how we value them. They are insiders. They are important. They are valued.

So, from a development perspective, it is important to keep our antenna up for any information that might be shared quickly, but on a limited basis. Once information is broadly and generally announced, for fundraising purposes, it is commoditized. When we have the opportunity to share it with select people or select groups before its being announced, it’s gold. And the beauty of it is that having it be gold versus lead costs our independent schools nothing—just a brief pause.

Independent Schools & Philanthropic Funds Data

We’ve got new data in from some Independent School Associations. Mid-South Independent School Business Officers is up next. Let’s look at what participating schools raised in philanthropic funds in this regional association for data entry year 2024-2025. 

School Count   243

Advancement Median Funds Received for ’24 $2,173,439
Median Number of Donors 684
  

Median Percent Participation by
Constituency & Hard Credit Funds Received
 
Median % Participation by Parents/Guardians of Current Students 60.8%  $531,592
Median % Participation by Alumni/ae  6.0%    $81,127
Median % Participation by Grandparents of Current Students 13.8%   $81,003
Median % Participation by Parents & Grandparents of Alumni/ae  7.4%  $232,737
Median % Participation by Employees 78.8%   $31,219

 


Trustees
 
Median Number of Trustees 18
Median Hard Credit Funds Received by Trustees $108,106
Median Soft Credit Funds Received by Trustees $74,950
  

Funds Received by Purpose (’24)
 
Median Funds Received for Current Operations: Unrestricted $776,515
Median Funds Received for Current Operations: Restricted  $281,752
Median Funds Received for Endowment $245,500
Median Funds Received for Other Capital Purposes $792,318
Median Funds Received for Irrevocable Deferred Gifts at Face Value           $43,850


Data from NAIS Facts at a Glance.

What’s Next for DAFs

Donor-advised fund providers aim to make their products as commonplace as college savings and retirement accounts. And while DAFs have reshaped the culture of philanthropy, critics worry it could change giving habits.

Today, DAFs are relatively rare — there are fewer than 2 million accounts — yet mighty, thanks to their collective $250 billion in assets, according to the National Philanthropic Trust. To expand its market reach, the DAF industry is taking steps to make funds more accessible. These include:

Half of the 10 largest DAF sponsors have no minimum. Typically, donors are required to put in anywhere from $5,000 to $250,000 to open a fund.

At least three community foundations in large metro areas do not require a minimum contribution. The Community Foundation for Greater Atlanta dropped its $100,000 minimum in 2020 “with the intention of living into the word ‘community’ that’s in our name,” says Tim Bresnahan, vice president for philanthropy.

Workplace giving programs are incorporating DAFs.

Silicon Valley start-ups like Daffy and CharityVest are offering low-cost DAFs and encouraging individuals to set aside money each month for charity.

At least a few charities have noticed a change in who’s making DAF gifts. Prospect researchers and major-gift officers once viewed DAF ownership as a reliable indicator of wealth, one fundraiser told the DAF Research Collaborative recently as part of a study of DAFs and fundraising. No more. “What you’re really seeing … is that it’s a tool that is being used by the middle class to engage in philanthropy.” COP, 1-14

Welcome New Client Partner

 

We Know Independent Schools
For more than 35 years, Alexander Haas has been a fixture in the nonprofit community. We are honored to have worked with so many remarkable independent schools, both secular and non-secular, across the country that help mold today’s adolescents into tomorrow’s leaders. Take a look at our list of independent school clients, past and present.

A Fresh Approach to Fundraising
Our services aren’t cookie cutter. We don’t operate with a boilerplate, merely changing names and locations. We craft each and every service we provide to match your organization’s unique needs, wants and abilities. We work hard and expect you to do the same. Together we can help you transform your institution, your fundraising, and the community you serve.

Whether your need is in Capital Campaign, Annual Fund Campaign, Major Gifts, Leadership Annual Giving, Planned Giving or all of the above, we take a fresh approach to nonprofit fundraising.