‘Don’t Hide Behind Prospect Research’

Laura Fredricks, vice president for philanthropy at Pace University in New York, presented a session a the AFP Annual Conference in Dallas earlier this year on turning annual donors into major-gift prospects. Vital to this strategy is identifying best prospects through prospect research.

For starters, one of the most efficient ways to do initial research these days is through basic Internet search tools like Google, or the Foundation Center’s Web site, which enables Form 990 searches. Fredricks also recommends LexisNexis, which can unearth information on a person’s wealth, their assets, what assets they have that are publicly held, boards that they’re on, other organizations they’ve given to — if they haven’t given anonymously — and at what level.