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Electronic Prospect Research

 


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Researching Prospects Using Electronic Sources

 

The increased proliferation of charities in Canada means that more charities will be competing for the same resources.  To ensure that enough resources are available to them for them to fulfil their missions, they will have to be strategic in attracting new sources of funding and in maintaining existing relationships.

 

As you attempt to attract and retain donors for your charity, bear in mind that if donors are not interested in your charity's cause, they will not support it.  In addition, if they are not approached in the right way or if they did not appreciate the treatment they received from your charity, they are not likely to become donors or to continue to donate.

 

You should therefore ensure that you know your donor or prospect well, regardless of whether the donor or prospect is an individual donor or a corporation or foundation.  It is also important to ensure that your charity's cause matches the donor's interests.  If the donor is interested in your charity's cause and is treated well, it is more likely that that donor will give and keep on giving. 

 

Regardless of where the gift comes from, it is a human being who will be responsible for making the donation.  If the donor is an institution, remember that it is not the corporation or the foundation that will actually make the donation, but rather, an individual from the institution who will make the gift. 

 

To ensure that donations match interests and capacity to give, your charity should thoroughly research the donor or prospect.  Research should involve identifying and qualifying donors based on capacity (ability), inclination (motivation), and accessibility (the person's contacts).  It is only after identifying and qualifying donors and prospects that appropriate cultivation and solicitation strategies that are unique to each donor or prospect can be developed.

 

With the right approach, prospects and donors will support your charity's cause and donate even more to it in the future.

 

The following free electronic sources should assist your charity in researching prospects and donors:

 

 

 

Company Information

 

Atlantic Business Online

Find information on Canada's top 50 CEO's.

 

Strategis

Find company information by sector.  Information includes mailing address, company description, and in some case total sales in Canadian dollars.  As a paid service, Strategis provides information on all bankruptcies and proposals filed in Canada from 1978 to date.

 

Report on Business

Get information on top paid executives, biggest company by market cap, top private companies, top 100 companies, top technology companies, top performing stocks, largest employers, and top crown corporations.

 

SEDAR

Contains securities and exchange commission electronic filings of public companies.  Includes a searchable database and information on new filings, new annual reports, new financial statements, and press releases.

 

Forbes

See Forbes lists which include a list of the world's richest people, Forbes International 500, and the largest companies.

 

CANADIANBUSINESS.COM

See special issues on the online magazine such as the 2004 Tech 100 and the Investor 500.

 

SEDI (The System for Electronic Disclosure by Insiders)

Contains a database of insider report filings as required by provincial securities laws.

 

PROFITguide.com

See information about the Profit 100 Fastest growing companies.

 

Toronto Stock Exchange

See listed company profiles and stock performance.

 

Canadian Business Resource

See a small list of corporate and executive profiles or subscribe and access 2,500 of Canada's largest companies and all TSX listed companies.

 

News Sources

 

CanadaNewsWire

Subscribe to free news releases, market updates, and daily summaries by email or go directly to the site to receive information on company earnings.

 

Corporate Philanthropic Policy

 

Imagine

See a listing of caring companies - companies that demonstrate good corporate citizenship by making a commitment to donate a minimum of 1 per cent of average, domestic, pre-tax profits to a charitable organization.

 

Information on Foundations

 

Canada Revenue Agency

Search for information about foundations in Canada Revenue Agency's list of Canadian registered charities.

 

Search Engines

 

Google

Search information on your prospect or topic of interest, or register and receive news items by email.

 

AltaVista

Search information on your prospect or topic of interest, or use AltaVista's directory and find information by category.

 

Yahoo

Use Yahoo's directory to find information or search for information by keyword.

 

Telephone and Address Look-up

 

Canada 411

Yellow.ca

Yellowpages.ca

Search by business classification, business name, name of person, or phone number.

 

Postal Code Look-up

 

Canada Post

Enter a street address and obtain the postal code.

 

Public Sector Information

 

Ontario's Public Sector Salary Disclosure

Obtain the public sector salary report for public sector employees who are paid a salary of $100,000 or more.

 

 

For information about this article, please contact Koreen Simon, Fund Development Consultant, Neerok Consulting at neerokconsulting@netzero.com.   Koreen Simon holds a postgraduate certificate in Fundraising and Volunteer Management and manages a fundraising consulting service which helps organizations and consultants with their research, proposal writing, and strategy development.  For information about this service, visit http://www.neerokconsulting.netfirms.com.

 

 


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