Getting Started in International Fundraising
With the balance of wealth shifting overseas — and with more colleges and universities increasing their international enrollment — international fundraising is likely to play an increasingly larger role in development at North American institutions. An editorial this week in the Chronicle of Higher Education noted some of the complexities of reaching out to overseas alumni. To learn how institutions can get started in such an effort, we interviewed Gretchen Dobson, senior associate director for alumni relations at Tufts University. Dobson, who participates in a significant overseas fundraising effort at Tufts, and who will have a book on international alumni relations appearing later this year, recommends several steps that make all the difference in launching an effective effort: Craft a story that will be compelling to your international alumni Get a “data dump” of past informal agreements and memorandums of understanding between your institution and individuals or entities in the target region Develop an advisory committee of international alumni representing the target region Seek strategic partnerships with internal and external allies INTERNATIONAL FUNDRAISING TAX AND LEGAL CONSIDERATIONS: UK, INDIA, AND HONG KONG Legal and tax hurdles can stop the most well-planned international effort before it has even started. Join us online on July 11, 18 […]