League for Innovation in the Community College January 2019 | Page 19

State of Higher Education Funding CHALLENGES State spending down 18% 1 Average state fiscal support could reach $0 by 2059 2 Revenues sources - Down Enrollment revenue - Down Government revenue - Down Other sources of revenue - Down Lower revenue = Faculty reductions, fewer course offerings, campus closings Chief Advancement Officers typically measured on total dollars given, followed by % of alumni giving 4 Online, social media, and planned giving growing TRENDS Fewer number of donors giving greater amounts of money 3 BEST PRACTICES Separate building the case for support (brand building) from the solicitation of support (donations) Include digital fundraising tools—not as a standalone strategy, but as part of a comprehensive communication campaign Incorporate predictive analytics and personalization into your campaign Make the donation process user-friendly Sources: (1) Center on Budget and Policy Priorities, 2016; (2) Thomas Mortenson, 2012; (3) Low, 2015, and Tyson, 2014; (4) Ruffalo Noel Levitz, 2017