How to Use Media Monitoring to Your Advantage in Nonprofit Fundraising
27 March 2023 17:00
As a philanthropic development professional, you are always looking for new avenues to identify potential grants, high-value donors, and philanthropy events that can unlock exciting prospect opportunities. In addition to the traditional prospect research tools, Nexis Newsdesk™, a robust media monitoring and analytics platform, can be an unexpected yet invaluable tool in their arsenal.
In this blog post, we will explore how development professionals, including prospect researchers, gift officers, and development teams, can use Nexis Newsdesk to uncover new grants, discover high-value donors, and stay informed about newsworthy philanthropy events.
Discovering new grant possibilities
One of the key challenges in philanthropic fundraising is identifying new grant opportunities. With Nexis Newsdesk, you can proactively search and monitor news articles, press releases, and announcements related to philanthropy and funding initiatives. By doing so, you can:
- Create custom searches using relevant keywords like "grant funding," "philanthropic support," or specific areas of interest.
- Set up alerts to receive real-time notifications whenever new grants are announced or relevant news articles are published.
- Analyze trends and patterns in grant-making by tracking specific foundations, government agencies, or sectors related to the organization's mission. This knowledge can guide future fundraising strategies and target the most promising grant opportunities.
Searching like this could introduce you to grant opportunities you never would have learned about otherwise, opening new ways to reach your fundraising goals.
Discovering high-value donors
Wealth screening for potential high-value donors is crucial for successful philanthropic fundraising, but with your busy schedule and growing list of demands, you may not have the time to do the research you want to. Nexis Newsdesk provides you with the means to stay updated on news articles and reports that highlight philanthropic contributions or wealthy individuals involved in charitable activities. Here's how it can be done:
- Monitor news stories featuring major donations, charitable foundations, or influential philanthropists. This allows development professionals to identify potential prospects with a strong inclination towards philanthropy.
- Utilize advanced search filters within Nexis Newsdesk to narrow down results based on location, industry, or specific donor interests. This targeted approach ensures that development professionals find the most relevant potential high-value donors.
- Stay informed about mergers, acquisitions, or IPOs that may create new philanthropic opportunities through wealthy individuals. By tracking such events, development professionals can seize the moment and engage with potential donors at the right time.
By setting up another automated way to monitor donors, you can find prospects quicker, saving you time to foster relationships and secure the gift.
Tracking philanthropy events
Philanthropy events, such as galas, fundraisers, conferences, or community initiatives, can provide excellent opportunities to connect with potential donors. Nexis Newsdesk allows development professionals to stay up to date with these events and maximize their networking efforts:
- Monitor news coverage and press releases related to philanthropy events within the organization's target region or industry. This ensures that development professionals are aware of upcoming events and can plan their attendance accordingly.
- Keep track of speakers, sponsors, or attendees who may be potential prospects for future partnerships or donations. By understanding the key players in these events, development professionals can prioritize their interactions and establish meaningful connections.
- Leverage social media monitoring within Nexis Newsdesk to identify buzzworthy events or trending discussions in the philanthropy space. This enables development professionals to participate in relevant conversations and expand their network beyond the confines of traditional media.
Combining a media monitoring strategy with in-person networking will help grow your network and will help you determine what events are worth your time.
Leveraging competitive intelligence
In the competitive landscape of philanthropy, staying ahead of the game is crucial. Nexis Newsdesk provides valuable competitive intelligence for development professionals, helping them identify trends, uncover untapped opportunities, and refine their fundraising strategies:
- Track media coverage of competing organizations, analyzing their grant funding sources, major donors, and partnerships. This information can reveal potential funding avenues or collaboration opportunities that align with the organization's mission.
- Identify gaps or niches in the philanthropic landscape that can be leveraged to stand out. By understanding the areas.
While it’s important to monitor for opportunities and donors, keeping track of your competition and industry trends will give you a leg up when crafting your next donation campaign or major ask.
The LexisNexis® Media Intelligence Advantage
Nexis Newsdesk is a powerful tool that, alongside other LexisNexis® Media Intelligence Solutions, empowers development professionals to increase philanthropic fundraising opportunities through multimedia monitoring.
It offers access to a robust array of media including local print and licensed publications that a Google search will often miss. By utilizing its comprehensive media monitoring and analytics capabilities, development professionals can uncover new grants, discover high-value donors, stay informed about philanthropy events, and leverage competitive intelligence. With Nexis Newsdesk, organizations can enhance their prospect research efforts, identify promising fundraising prospects, and ultimately take their philanthropic initiatives to new heights.
Stay ahead in the philanthropy landscape, seize new prospects, and make a greater impact with the power of Nexis Newsdesk.
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