High net worth individual is a classification used by charities to denote an individual or a family with high net worth. Although there is no precise definition of how wealthy one must be to fit into this category, high net worth is generally quoted in terms of liquid assets over a certain figure. The cultivation of this type of income takes time and is not a quick win.
See Also
High, Very High and Ultra High Net Worth Individuals: Meaning, Investment PortfolioUltra-High-Net-Worth Individual (UHNWI) | Definition & StatisticsHow To Determine Your Net Worth | Bankrate.comHow Is Mass Affluent Defined & What Is the Criteria?When it comes to high net worth individual fundraising, there are four simple steps to helping you create a major donor fundraising strategy:
- Determine what a Major Gift is for your organisation
- Identify donors and prospects. Our network mapping exerciseis a useful tool for this.
- Personalise your outreach strategy
- Implement an ongoing stewardship plan
Useful tools
- Read the Chartered Institute of Fundraising guide on how to identify and work with major donors
- Download our network mapping exercise
If you would like further support in planning your major giving strategy, how to approach your major donors or simply steps in how to identify your major donors please book a free support session.
