Episode 4
Fundraising.AI
Episode 4: Cultural Dynamics and AI: Preparing Fundraising for the Future
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OVERVIEW
In this episode of Fundraising.AI Podcast…
Today, let us explore the intersection of culture and transformation, gearing up for AI readiness in fundraising!
Throughout today’s conversation, Nathan and Scott delve into how artificial intelligence impacts various aspects of daily life, particularly in communications and fundraising within the nonprofit sector. They share personal anecdotes and observations, starting with their early adoption of GPT technology and the transformation it has brought to their workflow. Also, the conversation touches on frustrations with current AI assistants like Siri, highlighting the gap between user expectations and the capabilities of existing tools. Despite these frustrations, Nathan and Scott emphasize the importance of embracing AI technology, especially as it becomes increasingly integrated into everyday tasks.
Moreover, Nathan and Scott discuss a recent webinar on digital storytelling and AI readiness, where they explore survey results indicating a mix of enthusiasm and hesitancy among organizations in adopting AI tools. They stress the need for nonprofits to jump on the AI train now, emphasizing the importance of data collection and its role in powering predictive AI models. The episode concludes with a preview of future episodes, focusing on practical use cases of AI in various fundraising areas, offering listeners insights into how AI can enhance their work and future-proof their careers.
EPISODE HIGHLIGHTS
- [03:32] Frustrations and Excitements of Next-Gen Assistants
- [08:45] From Novelty to Necessity: AI Journey in Communications and Nonprofits
- [14:49] Digital Storytelling and Personalization with AI
- [17:43] Generative and Predictive AI for Hyper-Personalized Experiences
- [21:05] AI Adoption: Seizing the Opportunities for Professional Growth
TIPS AND TOOLS TO IMPLEMENT TODAY
- Start using GPT for everyday tasks like searching the web or drafting emails.
- Explore the use of predictive AI to enhance your decision-making process.
- Start small and gradually incorporate AI into your daily routine to experience its benefits firsthand.
- Experiment with voice commands to your phone's AI assistant like Siri or Google Assistant. While they may not always get it right, it's worth exploring the capabilities.
- Stay informed about the latest advancements in AI technology and how they can impact your industry or job role.
- Experiment with different AI models and algorithms to find the ones that work best for your specific needs and objectives.
- Take advantage of online resources and tutorials to learn more about AI and how to leverage it effectively in your work.
- Collaborate with colleagues or industry experts to exchange ideas and best practices for implementing AI in your organization.
- Set goals and benchmarks for integrating AI into your workflow, and track your progress over time to measure the impact.
- Seek feedback from users and stakeholders to identify areas for improvement and refine your AI strategy accordingly.
FAVORITE QUOTES
- "We talk a lot about how generative AI, especially in fundraising. Although it adds time efficiencies and so on, the real power is when you combine it with predictive AI; when it's the prediction and the personalization." - Scott Rosenkrans
- "Don't wait until it's perfect. Because you'll never have an AI model if that's the case." - Scott Rosenkrans
- "It is changing. It's never going to go back to the way that it was. AI is going to flood through marketing and communications. Maybe slower on the nonprofit side, but it will get there eventually." - Scott Rosenkrans
- I'm very selective with how I talk to Siri. But I also have a very low threshold if it doesn't respond as expected. And I think that threshold has been even worse since chat GPT and perplexity and all those tools." - Scott Rosenkrans
- "Predictive AI is not static. So it's not, like - this is what you'll get, and this will be the best it's ever going to be. It is like - this is the worst it's going to be. It's going to improve and improve as you are concurrently working on your day." - Scott Rosenkrans
- "Generative AI is cool. But it's like a ship without a compass." - Nathan Chappell
- "Google search now for me seems like archaic. My brain is switched like Google equals homework. I am like -oh, I have to read all this stuff that equals like stuff I have to do."- Nathan Chappell
- "These two domains of predictive and generative coming together, this is true hyper-personalization." - Nathan Chappell
- "Worst AI will ever be used today."- Nathan Chappell
- "It is going to be exciting to see how the nonprofit sector uses these types of technologies to like super power boost personalization within their fundraising program." - Nathan Chappell
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MEET YOUR HOSTS
Nathan Chappell
As a thought leader, public speaker, author and inventor, Nathan is one of the world’s foremost experts on the intersection between Artificial Intelligence and philanthropy. Nathan serves as Senior Vice President of DonorSearch AI, where he leads AI deployments for some of the nation’s largest nonprofit organizations. Nathan’s subject matter expertise has been featured in several publications, including Fast Company, University of Notre Dame and the Association of Healthcare Philanthropy. In 2021, Nathan founded Fundraising.Ai as a member-centric collaboration of nonprofit professionals with a focus on data ethics, data equality, privacy and security, sustainability. Nathan presented the first TEDx on the topic of artificial intelligence and the future of generosity in 2018. Nathan is a member of the Forbes Technology Council and holds a Masters in Nonprofit Administration from University of Notre Dame, an MBA from University of Redlands, a certificate in International Economics from University of Cambridge and a certificate in Artificial Intelligence from MIT.
Scott Rosenkrans
Scott Rosenkrans is the Assistant Vice President of DonorSearch Ai and has been with the organization for three years. He began his journey in the nonprofit sector twelve years ago as a prospect researcher. He quickly became fascinated with data as he noticed the organization that he previously worked for was amassing a wealth of information but was unsure how to efficiently use the data and resources to its full potential. This led him to become interested in predictive modeling and data analytics. During this time, he began to create an immense commitment to delivering tailor-made machine learning models to nonprofits.
The thing that Scott loves most about working for DonorSearch is the ability to prioritize what is best for the client and nonprofit sector above all else. He believes that growth is our most important core value because the DSAi team continuously evolves and brings a unique perspective that provides value to our clients. He stays ahead of industry trends because of his insatiable drive to constantly try out new things.
Favorite nonprofit: Shriner’s Children Hospital because of their extreme commitment to providing exceptional medical care, while also alleviating the financial burdens on families.
