Is Your Wealth Screening Software Failing to Convert Into More Donations?

All iWave subscriptions level include the ability to conduct wealth screening projects, along with access to the industry’s top prospect research tools. iWave subscriptions start at $3,395 USD per organization and screening credits are available at a starting cost of $0.20 per screen. Professional subscriptions include 5,000 screens at no extra cost, and Premium subscriptions include 20,000 screens.

For more details about iWave Subscriptions, click here. To learn more about how our wealth screening software can help you uncover more potential donors and gain in-depth insights, schedule a demo today by clicking here.

Identifying donors who are likely to support your cause is easy with iWave’s wealth screening software. It works by using advanced algorithms to match prospective donors to billions of wealth, philanthropic and biographic data points. The output is a prioritized list of individuals, foundations, or companies who have the capacity and inclination to donate to your cause. Each prospect is given a rating and suggested capacity to give.

iWave’s wealth screening process can be completed in four steps:

1. Upload a list of individuals to screen prospects for wealth and philanthropic indicators.
2. Customize parameters to your organization’s specific fundraising goals. For example major gift ranges, the strictness of matching filter, the weighting of key score components (propensity, affinity, and capacity), and the cause you want to find prospects connected to. No other wealth screening tools offer this level of customization and transparency.
3. With one click, create profiles for top prospects that have been identified.
4. Validate and refresh results and re-score donors with new donor data at any time.

Schedule a demo today to learn more about how wealth screening with iWave is a sure way to maximize donations.

Wealth screening software is a technology used to prioritize a large group of donors. Rather than using prospect research to look up donors one by one, wealth screening enables you to screen and segment a “batch” of hundreds or thousands of donors by scoring each donor’s capacity and inclination to give.

Wealth screening isn’t just about finding high net worth indicators like high salary and real estate holdings. And just because wealth indicators reveal that an individual is wealthy, that doesn’t automatically mean they are philanthropic. A complete wealth screening uses wealth indicators to rate a prospect’s capacity but also uses charitable giving history and affinity to rate a prospect’s propensity and affinity to give.

To see the industry’s top wealth screening software in action, schedule a demo today.

Yes, wealth screening software uses publicly available information to identify top prospective donors within a large pool of individuals, foundations, or companies. However, according to Federal Election Commission (FEC) privacy regulations, US political giving data cannot be used for any commercial purposes—including the solicitation of political or charitable donations. This data is often provided to give context for fundraising efforts, however, it cannot be used to solicit contributions of any kind.

In prospect research, wealth capacity is one of the most important datapoints that wealth screening can reveal and indicates a prospect’s financial ability to make a gift.

To learn more about wealth capacity, download our Wealth and Capacity Ratings Cheat Sheet. Schedule a demo to see how you can easily uncover wealth capacity and other indicators via wealth screening.

Giving capacity can be determined using manual prospect research techniques or in a more automated way using wealth screening. Both of these methods use various indicators to evaluate a prospect’s likelihood to give and the most appropriate ask amount. Indicators include stock holdings and transactions through SEC filing, evidence of liquid assets, wealth through financial compensation, real estate holdings, and charitable giving history.

iWave uses proprietary algorithms and wealth indicators from multiple data sources to automatically evaluate giving capacity. Wealth indicators include real estate, estimated net worth, compensation, stock holdings, and more.

To learn more about how screening prospects with iWave is a quick and dependable way to uncover the giving capacity of your prospects, schedule a demo today.

Wealth data is one of the key outputs of wealth screening, indicating a prospect’s ability to give. Prospect research driven by wealth data reveals insight into a prospect’s capacity to give and helps determine future gift asks for current and prospective donors. Key wealth indicators, or data points, include real estate holdings, investments, compensation, and aircraft ownership.

You can learn more about wealth indicators by reading our blog post, The Three Keys Series – CAPACITY: Does Your Prospect “Have” What It Takes to Be a Major Gift Prospect. To get a live demo of the data that is revealed when you use the industry’s top wealth screening software, click here.

Finding wealthy donors doesn’t have to feel like a long, arduous process. Prospect research and wealth screening tools reveal a holistic view of an individual’s capacity, propensity, and affinity to give. iWave users can use a capacity score to easily segment thousands of prospects into a prioritized list.

If you don’t have a list of donors to segment and you need to find new wealthy donors who have a connection to your cause, you can also use iWave to build lists of wealthy donors based on a number of criteria including past giving history, geography or philanthropic interests.

To learn more about why iWave’s wealth screening software is the leading donor prospect research tool in the nonprofit industry, schedule a free demo.