What Are Donors Thinking

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Erinn Andrews, the founder and CEO of GiveTeam, a consulting firm specializing in philanthropic advising. Andrews identifies a crucial gap in the philanthropic advising profession, particularly in supporting donors in the top 2 to 10% bracket. While much attention is given to the top 1% of donors, those in the slightly lower bracket often lack tailored support despite their significant contributions. Recognizing this opportunity, Andrews established GiveTeam to cater to the needs of this segment and unlock their hidden generosity. Andrews explains GiveTeam's advising model, which focuses on guiding donors through a reflective process to develop a charitable mission statement aligned with their values. Additionally, the team assists in structuring financial strategies and presents nonprofit options based on donors' priorities. By addressing the challenges donors face in strategic giving, GiveTeam aims to empower them to make more informed and impactful philanthropic decisions. The discussion emphasizes the importance of ongoing engagement and stewardship post-donation. Andrews underscores the need for nonprofits to maintain regular communication with donors, providing updates on how their contributions are making a difference. This approach not only fosters stronger donor relationships but also encourages continued support and potentially increased giving over time. Through thoughtful reflection, personalized advising, and effective stewardship, GiveTeam seeks to maximize the philanthropic impact of donors in the top 2 to 10% bracket.