Can Artificial Intelligence Really Accelerate Your Nonprofit’s Mission?
Artificial intelligence fundraising platforms can help you can spend significantly less time (and money) fundraising. (To learn how, check out this article.) The upshot? AI-powered technologies are demonstrating they can help nonprofits acquire new most-likely-to-donate donors within minutes.
For example, AI fundraising platform boodleAI has helped nonprofits acquire a $1,000 new donor in 10 minutes, raise $3,600 in new donors in one hour, raise $10,000 in new donations in one week and achieve email donation rates 100 times the average.
AI fundraising platforms can align your organization with individuals who are most likely to resonate with your mission and, therefore, are more likely to donate. This is an important innovation from traditional fundraising methods that almost solely rely on personal connections.
With the power of machine learning (ML) algorithms, AI fundraising platforms can help you retain donors with smarter communication and provide better tools to your best fundraisers and board members.
Donor data administration has long been a labor-intensive responsibility for entry-level development staff. AI can help automate and scale data management and offload some of the menial development admin work to amplify the value of their time on more meaningful tasks, such as applying judgment and context to AI donor data recommendations.
With advanced fundraising tools, your staff and board time will be maximized. By accelerating donor acquisition, retention and time, your leadership team will be able to focus more on mission advancement than ever thought possible.
Now I want you to imagine your staff, board and donor meetings focused less on fundraising and more on program innovation. Imagine not being bogged down by fundraising scarcity on your way into the office, board meetings and coffee with partners. Imagine how differently you and your team would think, lead and create.
The bottom line, according to the Stanford Social Innovation Review, is that nonprofits that embrace AI will likely experience outcomes similar to other sectors: strengthened work, stretched dollars and an expanded impact.
Mission Advancement, an Example
Take charity: water’s founder, Scott Harrison, for example. He truly believes we can “end the water crisis in our lifetime.” Scott isn’t an idealist or naive leader. He is a world-class fundraiser and visionary who has been one of the industry leaders who has changed the way we raise funds today. charity: water is the well-known nonprofit who popularized birthday fundraisers, the 100% donation model, bold and imaginative marketing, and first-of-its-kind commitment to Google Maps real-time well coordinate transparency. charity: water has disrupted how philanthropists, social entrepreneurs and nonprofits alike will dream of solving our world’s problems of tomorrow, today.
Without Harrison’s imaginative fundraising and charity: water’s use of advanced technologies, ending the water crisis in our lifetime would not be thinkable. But because charity: water has taken calculated risks in the areas of fundraising, technology and marketing, it is not only thinkable, but plausible. Is it possible that many nonprofits aren’t accelerating mission advancement with this kind of gusto not necessarily because they have the wrong vision, but wrong and nonexistent tools?
The power of AI is the fundraising tool your nonprofit has been searching for to accelerate mission advancement.