In my humble opinion, Millennials bring together all of the aspects of a perfect donor. At Building Tomorrow and in general in my watching of the fundraising world, I have seen Millennials do some amazing things by giving their time, talents, and resources to others and to causes they believe in. Below are the three reasons that Millennials are the perfect donor.
1. Dollar by Dollar
First Millennials give dollar by dollar.
Even though millennials are often those who eat Easy Mac every single night, they also understand the power of every dollar they give. At Building Tomorrow we work with college-based chapters asking them to raise funds for the construction of primary schools in Uganda. A BT Academy costs $60,000 to build and you’d be hard pressed to find a college student who can write a $60k check. However we’ve seen throughout the years, college students taking that number and saying “Okay… now if every student at my school gave just $2 or $10 or $1.81 then we could build a school.”
Millennials are perfect donors because they will give what they can give, even if that’s simply the change in their pockets and they understand the impact that $1 can have.
2. Friends, friends, friends
Second, Millennials are perfect donors because they have friends – I know shocking statement.
Millennials have that inborn itch to share with their friends what they care about, what they’re doing this weekend, what they’re reading online and how they feel about it. They want their friends to know about the cause they care about.
However, unlike other generations, a Millennial’s friend won’t just throw in $10 if asked in a form email or letter. Instead they skip the politics of giving just to be nice and actually require a reason.
Millennials utilize sharing functions on many nonprofit or fundraising sites (i.e. One Day’s Wages, DonorsChoose, Building Tomorrow) to tell their friends about causes. However the technology alone is not enough. Millennials and their friends care more about the WHY. For Millennials these functions only work if they make it about sharing stories. That’s what pulls in their friends: the personal message of why their friend cares about this cause – not just a retweet or post on Facebook.
3. They care… a whole freakin lot.
Finally, and this is pretty clear in the first two but worth saying a billion more times, Millennials CARE about their causes. Example A – Millennial Chat team member Megan Emme’s post about what she wants most this holiday season. Megan could have picked any of the millions of causes out there. Instead she thought about what she cared about most, researched the causes, and then shared information about them to teach others about the cause.
Millennials will give to the causes they care about, the ones they’ve researched and found to be trustworthy. They care where nonprofits spend their money and whether or not they are getting the most bang out of their buck.
Since Millennials are the perfect donors, we have only exciting things to look forward to in the years to come. As this generation grows so will their ability to change the world – literally – by giving dollar by dollar, bringing in a community of friends, and taking the care to learn and teach others about their causes.
Liz Braden is a financial optimist at Building Tomorrow and a member of the Millenial Chat Team. This post first appeared on Millennial Chat.