AI, fundraising, and you with Nejeed Kassam
AI is one of those buzzwords that has recently taken over people's minds. We imagine AI as a futuristic, thrilling, and scary opportunity. But we don't always recognize how it affects us or our work. The cool thing is that AI is being brought into our sector and has a lot of potentials to help organizations leverage their data to do more focused work or analyze and find new opportunities.
In today’s podcast, our guest, Nejeed Kassam, Lawyer, CEO and Founder of Keela, an impact technology company, talks about AI and how it helps small nonprofits manage their donors, mobilize resources, and raise more money.
Myths that Nejeed wants us to walk away from:
- AI will replace your job as a fundraiser. Nobody's coming for your jobs. You can't automate fundraising. That's not realistic. What you can do is allow folks to be less burnt out, allow them to prioritize more effectively, allow them to see patterns and focus their work in different ways.
- Spending time on data has no benefits for your organization. Quality data has many benefits for organizations. Aside from compliance, data helps organizations to prepare for donor meetings, and then to use it for reporting and analytics.
Nejeed’s thoughts around AI and Fundraising
- AI predictions help drive decision-making. Using patterns from data that you have collected will help drive your decision-making. Data can tell your organization a story about your donors that is not recognizable when we don’t see the big data picture. It can also help you identify ask levels or make decisions about where you spend your time and energy.
- Forecasting helps fundraisers. Understanding forecasting can help you understand your organization’s programming realities. It can understand whether you’re on track for where you want to be. You can make decisions when you have an idea of where you're going. It also helps identify when to ask for support, how much to ask for, and more.
- Benchmarking for fundraising. Data helps your organization to measure efficacy and focus on thinking about how you are doing relative to your goals. Being able to check yourself, being able to hold yourself as an organization and as a fundraiser accountable is really valuable because then you can lean on all these data points in these predictive analytics and know where you really need to dig in and not.
Favorite Quotes from Today’s Episode
“No, you can't automate fundraising. That's not realistic. What you can do is allow folks to be less burnt out, allow them to prioritize more effectively, allow them to see patterns and, um, focus their work in different ways because of the AI ultimately the effective use of artificial intelligence and fundraising is going to be because it’s deployed appropriately and then the fundraisers can take that knowledge and make decisions and steward better and build stronger relationships.”
Resources from this Episode
Our organizations are only as successful as the resources we can bring to them. Our missions, our desire to have ripples of impact throughout the world, to do good and pave change in society requires us to step up and raise money. If you are a reluctant fundraiser or work with someone who is, order Raise It! today.
Raise It! Book
Order Raise it! The Reluctant Fundraiser's Guide To Raising Money Without Selling Your Soul