The Future of Fundraising
Welcome to the Future of Fundraising.
This week has been especially exciting for all of us at Givzey and our Innovation Partners. As we announced our inaugural Version2 R&D cohort to research, develop and accelerate the deployment of the world’s first fully autonomous fundraiser, media outlets were quick to feature our work together.
Rasheeda Childress , senior editor of fundraising at the Chronicle of Philanthropy and Alexandra Tremayne-Pengelly of The Observer both recognized the transformative work that our partners are leading to invent the future of nonprofit fundraising. These articles do a great job of communicating our vision, outlining the powerful impact AI can have for our donors and highlighting the boundless potential it holds for our staff-constrained industry.
We’re grateful for each of these innovation partners, who share the vision that as we collaborate together, we are truly building something that will help all nonprofit organizations change the world.
This week our team is working on the Virtual Engagement Officer’s ability to autonomously create content. The VEO can already consume information from its organization’s websites. Now, we’re working with the AI to focus on creating content autonomously from the rich content that organizations deliver to their wider audience through social media. Social media brings a dynamic, real-time ability to engage with donors in ways that are as thoughtful and timely as human intuition. This development brings us one step closer to creating a VEO that not only communicates autonomously but also crafts meaningful content that resonates deeply with donors.  Another benefit is that this content is already created and approved by each organization, with the VEO focused on disseminating it 1 to 1 to ensure a world-class donor experience.
The rich and relevant content posted by our 13 Innovation Partners across LinkedIn, Facebook, and Instagram is an incredible starting point. By drawing on this wealth of information, our VEO will be able to connect donors to emerging trends and engage supporters in ways that are personal, meaningful and timely.
This is the future we are working towards—a future where the work that nonprofit organizations are doing is delivered personally and directly to inspire communities of supporters like never before. Not just for top donors who are assigned to gift officers, but to all donors who want to be part of helping these world-class organizations change the world.
I hope you have a great week.
Givzey, Version2 and First Innovation Partner Cohort Featured in Chronicle of Philanthropy for Fully Autonomous Fundraising
The Chronicle’s Rasheeda Childress writes:
Ever since the emergence of ChatGPT and other more powerful artificial intelligence tools, some professionals have worried that A.I. will take their jobs. A new tech startup, Givzey, will put that concern to the test in fundraising. The company has signed up 13 organizations that will spend 18 months using an autonomous fundraiser — an A.I. tool that will interact with donors in hopes of raising money for the institutions.
[FREE WORKSHOP]: Never Lose a Single Gift
Add all the gifts that should be made this year, then compare it to the gifts that actually get made. How much revenue is lost?
Unfulfilled verbal commitments, unpaid pledges, gift paperwork that took too long. There are a host of reasons why some donors who should make a gift, don't.
Recommended by LinkedIn
During this live workshop we will explore common ways well-intentioned donors fall through the cracks, and specific strategies fundraisers and fundraising leadership can use to recapture that lost revenue.
Givzey's Innovative Autonomous AI Fundraiser and Texas State University Featured in the Observer
Observer's Alexandra Tremayne-Pengelly writes:
Over the next six months, participating organizations will work with Givzey’s team to build out different use cases and theories for the autonomous fundraiser during a research and development period that will be followed by a one-year block of testing. Each participating institution will provide 1,000 donors for Givzey’s VEO to work with. The plan is to target the 70 percent to 80 percent of donors that are lacking personal engagement and bring them closer to the organizations, said Martel. “We’re trying to reverse the trend of downward momentum when it comes to fundraising,†he added.
Nonprofit Autonomous AI Assessment Toolkit
To safeguard your organization, it's data, and your donor's data, nonprofits must thoroughly evaluate vendors whose products or services will access, process, or host organizational data.
Version2 is committed to helping all nonprofit organizations ask the right questions and gather the right data during the AI vendor vetting process. We're also committed to ensuring that internally, as your organization uses AI technology, that policies, procedures, and best practices are in-place and actively used to proactively protect against any issues.
The library is created for all nonprofit organizations to ensure that, whether you are considering adopting Version2 or any other Artificial Intelligence, Machine Learning, or Language Learning Model, you have the knowledge necessary to make the best and most secure decisions possible.
Fundraising Jobs
Our featured jobs always come from our amazing subscribers. If you have jobs you would like posted in the Future of Fundraising newsletter, please email hello@givzey.com with your requests.