Tag Archives: generosity

Giving by fraternity and sorority alumni

 

Do more Greek alumni support their universities than their non-Greek counterparts?

A research study conducted by the Center for Advanced Social Research at the University of Missouri showed that men and women who have had a Greek experience are far more likely to actively volunteer and participate in community activities. They are significantly more active in their religious and neighborhood organizations and show stronger financial support for non-profit organizations that do non-Greek.

In a January 2001 study entitled, “Alumni Giving of Business Executives to the Alma Mater: Panel Data Evidence at a Large Metropolitan Research University”, conducted by Albert A. Okunade (University of Memphis) and Phanindra V. Wunnava (Middlebury College and IZA), revealed the giving significance of male Greek alumni. “The novel contribution of this research is the estimation of an econometric model of gift-giving alumni business executives of a large public urban university using 10,192 individual donor observations [that is, a panel of 392 donors for 26 years]. Our theoretically consistent empirical results reinforce the earlier research findings that male alumni in Greek social organizations gave significantly more.” It went on to note, “compared to the non-Greeks, fraternal organization alumni membership (Greek) significantly increased donations by roughly 9 percent.”

The Research Initiative examined the impact of fraternity and sorority membership on college and university graduates, and was jointly funded by members of the National Panhellenic Conference and the National Interfraternity Conference. More than 2,200 Greek and non-Greek alumni from 10 schools across the United States were surveyed through direct phone conversations. The pool of alumni queried was half non-Greek affiliated, one-quarter sorority members and one-quarter fraternity members.

A key finding in the research as that Greek alumni were more apt invest their time, energy and treasure to improve the quality of life in their communities. Other findings included:

  • Membership in a fraternity or sorority helped boost overall university recruitment.
  • Greek alumni were more satisfied with the social and cultural aspect of the college experience than non-Greeks.
  • Greek alumni revealed greater match between what they studied in college and their first job, as compared with non-affiliated alumni.
  • Greek affiliation had a significant impact on the current income of alumni.
  • Greek alumnae and non-Greeks were more satisfied with their academic performance than were male Greek alumni. Greek women were very satisfied with the relationship they had with faculty, counselors and university administrators.

While we recognize that giving (in general) and giving by Greek alumni varies from campus to campus, the data derived from just these two studies revealed that giving by Greek alumni was significantly greater than their non-Greek counterparts. At Fraternity Management Group, we have found that the strong, unified relationships between university officials and members of their Greek communities translate into higher university donor giving rates. “Our quest, as a firm, is to serve the greater Greek community, by developing lifelong relationships with our clients, their respective universities, and all involved alumni”, says Matt Noble, president of Fraternity Management Group. “This translates into mutually-beneficial alumni and parent relations programs, ideal ties with university operations, and rewarding experiences.

For more information about Greek alumni giving, fraternity alumni/parent relations, and fraternity funding initiatives, contact Fraternity Management Group at info@fmgtucson.com or call 800-228-7326.

 

This blog was written by NPcatalyst for Fraternity Management Group

The role of community foundations

Community foundations are tax-exempt charitable organizations created by and for community members seeking philanthropic leadership and guidance.  These organizations provide a simple, powerful, and highly personal approach to giving. They offer a variety of giving tools to help people achieve their charitable goals.

 

Compared to private foundations

Community foundations resemble private foundations, as both are grantmakers. They are unlike private foundations in that they enlist multiple donors, a constant influx of funds from new donors, and boards that, by law, must represent the community rather than the foundation ‘s primary donors.

Establishing a private foundation or trust takes time—something often in short supply for investors, especially when facing a December 31 deadline. Quite frankly, it only takes one day, sometimes less, to set up a fund at a community foundation.

  

Offer a variety of funds

Community foundations offer a number of funds which provide charitable giving solutions, including, but not limited to:

  • Donor Advised Funds: One of the most popular paths, these funds enable donors to take their time recommending charities to support.
  • Field of Interest Funds: These funds distribute money to charities focused on one specific area.
  • Designated Funds: Designed to distribute funds to one specific charity over time. This ensures that a small charity won’t be overwhelmed by a large donation it can’t handle.

 

Help create charitable giving strategies

Creating a charitable giving strategy involves experience, insight and an understanding of community needs. It also requires the ability to research and evaluate whether non-profit organizations can fulfill their missions effectively and efficiently. Community foundations assist donors with their financial contributions by:

  • Helping donors become more effective donors by providing education and networking with donor-peers.
  • Reducing administrative workloads by offering donor advised funds as an alternative to private foundations.
  • Providing insight about local issues and nonprofits to help maximize the impact of the donation.

 

Similar, but different than non-profit organizations

Community foundations are similar to non-profit organizations, as they seek funds from community members; but unlike non-profit organizations, as they deliver few direct services to the community. Instead, they grant support to non-profits to appropriately deliver community-beneficial services.

Non-profit organizations primarily have one field of interest, as compared to community foundations, which address the well-being of the total community. Non-profit organizations asks donor to support their missions; community foundations serve the interests of the donor, and also accepts unrestricted funds for the general good of the community.

  

Benefits of community foundations

  • Community foundations provide personalized service, helping individuals, families, businesses, and non-profit organizations achieve their charitable and financial goals by offering tools and resources that make giving easy, flexible, and effective.
  • Community foundations are local organizations staffed by people from local communities and led by local boards of trustees. These people have an in-depth knowledge of the issues, opportunities, and resources that shape your community, enabling them to play a key role in solving community problems, while helping donors learn more about local needs in order to make their giving as effective as possible.

 

Helping donors meet their philanthropic goals

Community foundations provide personalize attention to its donors. Some employ staff and most all access philanthropic leaders to help donors learn about community needs, assess giving opportunities, refine charitable goals, and/or create personal giving plans. These leaders can be placed in two primary categories.

  • Professional Advisors – represented by accountants, attorneys, estate planners, financial advisors, and insurance agents, they:
    • Address tax planning needs
    • help with personal investments, charitable goals and needs.
    • Facilitate complex forms of giving and execute technical giving instruments
  • Philanthropic Advisors – represented by leaders and consultants like NPcatalyst, they:
    • Address giving interests and motivations
    • help create charitable giving plans which are integrated into business and personal giving decisions
    • find nonprofits that meet your interests and charitable goals
    • provide in-depth information about non-profits

 

Donors seeking greater philanthropic impact should consider the role of community foundations. A “new” concept when the first was created in 1914 in Cleveland, Ohio, it’s now an opportunity found in hundreds of communities. In fact, there are more than 650 community foundations serving urban and rural communities throughout the United States. Collectively, they hold approximately $31 billion in combined assets and make local grants of approximately $2.6 billion annually.

Donors will be hard pressed to find more valuable community stewards, so focused on the improvement of quality of life in local communities.