Tuesday, July 31, 2007

Is There a Cure for APRA Conference Syndrome?

Years ago I read an article about a malady called Jerusalem Syndrome. Symptoms, which occur during a visit to the city of Jerusalem, include the presence of religious delusions or obsessions that can last over several days.

Well, readers, I believe I may have suffered from a similar malady over the past week. Experts believe "APRA Conference Syndrome" is caused by being in a room with 1200 other advancement researchers and attending multiple prospect research workshops and panels. The Syndrome (which is exacerbated by listening to Keynote Speakers) include the following:

  • Believing that you have discovered the Holy Grail of wealth estimation formulas
  • Thinking that all your coworkers back home will be as delighted to here about data modeling theories as your APRA Conference Buddies
  • The delusion that you will actually have time to implement all the fantastic new ideas you picked up from experts in the field
  • Experiencing visions of flawless prospect management systems
  • The realization that you have stumbled on a rare Eden filled with intellectually curious, generous, down-to-earth and dedicated colleagues (this one lasts more than a few days...)

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I will be back to more substantive posts as soon as I finish doing my laundry. A big Thank You and Best Wishes to all of you that make up this professional community.

Thursday, July 19, 2007

Thursday News Round-Up

Recent News on Philanthropy and the Wealthy (some links may require subscriptions):

Pretty sure nobody missed this one, but just in case: The New York Times compares today’s wealthiest with the barons of the Gilded Age.

The Wall Street Journal’s “Wealth Report” defines a new acronym: YAWNS (“Young, Wealthy but Normal”).

CNN tracks celebrity donations to political candidates.

Donors’ multimillion pledge to go towards enhancement and expansion of school’s planned giving effort (Ohio Wesleyan).

The Senate Finance Committee scrutinizes the Robin Hood Foundation for investing it’s “nest egg” in Board Members’ hedge funds. The Wall Street Journal’s Wealth Report had a different take on the issue. Nonetheless, by the end of this week, the Robin Hood Foundation had announced that it would stop investing in its donors’ and members’ hedge funds.

Friday, July 13, 2007

Upstairs, Downstairs - Social Class and the Prospect Researcher

As prospect researchers, we are students of wealth and the wealthy. Although it is hard to divorce a discussion of wealth from a discussion of social class, talking about social class in the U.S. is somewhat discouraged. Bringing up class issues at work is especially verboten.

The issue of social class is unavoidable in the field of fundraising, especially in prospect research. In addition to understanding issues of social class, we may find ourselves interacting on a daily basis with donors, volunteers, trustees, or colleagues whose backgrounds are very different than our own.

So I found myself intrigued by an article in the June 10th New York Times about Ruby Payne, the "Class Consciousness Raiser." Most of Payne's work has centered on how understanding social class aids teachers in helping poor students learn. (Her work has on occasion been criticized for being unscientific, insensitive or elitist).

After reading the article, I ordered a copy of "Hidden Rules of Class at Work,"by Payne and co-researcher Don L. Krabill. While the book is of the self-help genre (aimed at employees and supervisors), rather than a serious scholarly work, I found some of the ideas valuable. Payne's main argument is that folks from different social classes operate on different assumptions, and that without understanding these assumptions, one is likely to be misunderstood in communicating with a member of a different social class. Some examples:

Family structure: In poverty, tends to be matriarchal; in the middle class, tends to be patriarchal; in wealth, depends on who has the money. Obviously, in figuring out which spouse to approach for a donation, this is a critical determination.

Time: In poverty, the present is the most important. The middle class focuses on the future. The wealthy, on the other hand, are steeped in the past, with an emphasis on tradition and history. Again, determining your prospect's temporal emphasis may help guide your proposal. Is s/he more interested in keeping up school tradition, or will a vision of your school's future be more persuasive?

It's important to note that Payne does not consider one class "better" than another, but argues that the "rules" of different social classes hold sway in different environments. Public schools and corporate workplaces tend to adhere to middle class values, which may be at odds with the assumptions of some of your wealthier donors or volunteers.

It is important to note, as well, that social class is a fluid construct: a person's family background, education, and life experience - such as marrying someone from a different social class - all influence the "hidden rules" they follow. My guess is that the newer wealth of hedge funds and private equity may be more "middle class" than older, inherited wealth.

While amorphous, social class is another angle from which we can view our work. It can make us better researchers. And it can make us more comfortable in the environments in which we operate.