A Better Method for Analyzing the Costs and Benefits of Fundraising at Universities

✍ Scribed by Patrick Michael Rooney

• Publisher: John Wiley and Sons
• Year: 1999
• Tongue: English
• Weight: 91 KB
• Volume: 10
• Category: Article
• ISSN: 1048-6682
• DOI: 10.1002/nml.10104

✦ Synopsis

This article develops a new methodology for a more comprehensive and useful analysis of the costs and benefits of fundraising, as well as the total costs and net benefits associated with development efforts in general. This approach does a better job of linking the timing of return of fundraising efforts and measuring the actual return on investments in fundraising (as opposed to the reported return) than the widely used guidelines from the Council for Advancement and Support of Education and the National Association of College and University Business Officers (CASE/NACUBO) (1990). The implications are a better methodology for practitioners that they can use to enhance internal decision making and a better methodology for boards to use in evaluating performance and accountability. Recently, other large, public universities have begun using several of these concepts in the assessment of their development offices (Rooney, 1998). Doing this work [monitoring costs and benefits] is necessary and required; disclosing the results is laudable and brave. Take courage pills; the results will be praiseworthy and more than worth the effort.

-James Greenfield, 1996 (p. xv)