Factary Atom: what makes it different (and quite probably better)?

A few people in various research forums have asked how Atom differs from other providers of network maps. I thought I’d run through a few of the key differences here.

First, Atom is a tailored service. Unlike other providers, which mainly if not exclusively offer subscription-only access to their database, in an Atom project we would work with you to identify your specific needs and then prepare a dataset to meet those needs. For example, we could provide a map showing the connections of your board, your most generous supporters or potential major prospects. We can provide you with online access to this map, along with a guide instructing you on how to use it. We provide a copy of the data gathered during the course of our research for you to import back into your database. Finally, we are also able to provide a report drawing attention to any items of particular interest within your map.

Second, in contrast to many other network map providers we do not limit the information we gather to business positions only. We only use data from reliable sources (Companies House, Bureau van Dijk/DASH, Debrett’s People of Today and Who’s Who, to name a few) and do not ‘harvest’ unverifiable data from the internet. We also include information on individuals’ non-business positions – so any charitable affiliations, club or society memberships, social or family connections, leisure interests, and so on.

Third, we make use of more information that we gather to draw connections. Several other network map providers do include educational information on the people in its database – but I’m not certain whether they draw connections on that basis, which Atom certainly does. We also draw connections between people on the basis of shared leisure interests. This doesn’t indicate a real-world connection of course, but is immensely useful in strategising. In fact, since Atom is a tailored service we are in principle able to include any data available in the public domain within our maps.

The upshot of this is that our maps potentially present a more rounded picture of the individuals within it. A report we published earlier this year on the basis of the data gathered for Atom projects since its launch in 2011 showed that half of all connections discovered were on the basis of non-business positions. Given that non-profits often have different aims from businesses when using maps this additional data is, we feel, vital. For example should a map of your board show that one of them is connected to a trustee of a major grant-maker via a shared membership of a London club, this could form the basis of a useful point of access.

Finally, we use a method of showing connections between individuals that takes into account not only shared positions at an organisation but also the time spent at that organisation. If two people have spent time at the same company, but during non-overlapping periods, then there’s no true basis for saying a connection exists between them. Atom takes this information into account, drawing direct links between individuals only where they’ve spent overlapping years at an organisation.

The Newest Philanthropists

Thirty of the UK’s newest philanthropists are featured in a report published today by Factary.

The report is focused on the Ultra High Net Worth Individuals (UHNWIs) and High Net Worth Individuals (HNWIs) who have founded grant-making trusts and foundations during 2013.

We profile 30 of the richest people in the country who have created grant-making bodies, and analyse their wealth, philanthropic interests and biographical information to create a picture of the UK newest philanthropists. With a combined estimated wealth of £5.7 billion, these individuals represent a significant source of funding for UK non-profit organisations in the years to come.

The report includes:

  • Detailed profiles of thirty new philanthropists
  • Updated information on their trusts and foundations
  • Note that, with one exception, none of these trusts is listed in any other directory of grant-making trusts
  • Our analysis of the biographic, philanthropic and financial data on these philanthropists
  • Networking Index to identify the links between philanthropists, companies and the new trusts.

HOW TO ORDER
To order the report email Nicola Williams, nicolaw@factary.com

The report is priced at £135. New or existing subscribers to Factary Phi or Factary’s New Trust Update get a discounted price of £95.

From Bookmaking to Billionaires
Included in the report is a scion of a billionaire family, a Duchess, a Viscount and two Knights of the Realm. There are eight representatives from the financial services industry including two hedge fund managers and four investment bankers, along with philanthropists with other sources of wealth including landownership, art galleries, bookmaking and football.

London, and International
There is a strong geographic concentration on London and the Home Counties but also a continuing international flavour to the new philanthropists in the UK with seven of the thirty UHNWIs and HNWIs having nationalities other than British, and global connections identified to a wide range of countries including Zambia, South Africa, Italy, Nigeria and St Vincent and the Grenadines.

Oxbridge
There is a strong Oxbridge connection – a third of these new philanthropists went to either Oxford or Cambridge, with over 25% going to Oxford. Other UK universities attended include the University of Bristol, the London School of Economics, Leeds University and the University of Birmingham. Three of the people featured also went to the same public school; Charterhouse.

UK Philanthropy, Goes on Growing
During 2013 Factary’s New Trust Update reported on a total of 217 newly-registered grant-making trusts and foundations in the UK. This report shows that people of significant wealth are continuing to create foundations and grant-making trusts to support philanthropic organisations in the UK and abroad, creating a positive picture of philanthropy in the UK.

Venture Philanthropy in the UK Shows Similar Characteristics
The findings in this new report reflect the new philanthropists that we identified in our 2013 report on The Venture Philanthropists. In that report we found that 39% of UK venture philanthropists come from the financial services industry. We also found many people of wealth – £38 billion in combined personal assets.

Research:
This report was researched and edited by Will Whitefield, Senior Researcher at Factary. It is published as a special supplement to Factary’s New Trust Update.

Venture Philanthropy: A Great Growth Story

We have just completed an in-depth study of the UK’s venture philanthropy sector – and it is all about growth.

Two years ago we reported that there were 11 venture philanthropy organisations in the UK, giving (or investing, or lending) a total of £52 million.

This year we have identified 22 organisations active in VP in the UK – double the 2011 number – with assets of £2.8 billion and income, at £274 million, up 171% on two years ago. The fastest growth area of all is in grants, loans and investments, up 221% on two years ago.

The report – The Venture Philanthropists – focuses on the 254 board members and patrons in the UK VP sector, including brief biographies of each. We include a Networking index that shows the links between VP supporters, companies and trusts or foundations. The report gives detailed information on each of the 22 venture philanthropy funds active in the UK.

The 177-page report includes information on more than 150 charities and projects that have benefited from venture philanthropy.

The Venture Philanthropists is available now:

  • Non-profits £250 per copy
  • For-profits £300 per copy
  • Subscribers to Factary’s New Trust Update, or those taking out a subscription with the report, £150 per copy.

To order your copy contact Nicola Williams at Factary, nicolaw@factary.com or call us on +44 117 916 6740.

Training Researchers and Fundraisers from Barcelona to Boston

This week there are two significant training events for Factary. Today, Tuesday 8th October, Factary’s Chris Carnie is helping to launch the new Postgraduate Certificate in Fundraising at the University of Barcelona.

 

Launch of the Postgraduate Cert in Fundraising, University Barcelona

 

The course runs over an academic year (November to June) and covers the skills and techniques required to be a fundraiser, with a focus on practical tasks and actions. We’ve got a range of great speakers and trainers taking part, from NGOs, cultural and arts organisations, campaigning organisations, the health and foundation sectors. Find out more, and register, here.

And on Thursday, Will Whitefield and Chris Carnie are giving a webinar with APRA on prospect research in the UK.An Island of Information is aimed at researchers and fundraisers outside the UK who want to understand the market here. Find out more, and register, here.

How the Elite Connect

A new report by Factary shows how the elite connect in Britain.

We’ve looked at how people link up – how they know each other – because it’s so central to fundraising. We used data from Factary Atom, our connections research and mapping service.

We show why it is important to research business AND charity connections and highlight the role of the London Clubs (we name the most connected). We include statistics that show the relative connectedness of alumni from UK and US universities, and discuss the relevance of hobbies and interests in making connections.

The report, “My Friends… How the Elite Connect in Britain”, is available free for download here: How the Elite Connect

Prospect Research for Fundraisers

Helen Brown and Jennifer Filla have written the book I have been waiting for. It’s the book that talks to fundraisers about research.

‘Prospect Research for Fundraisers’ (Wiley, New Jersey, 2013, available from Amazon here) is a clearly-written, comprehensive, efficiently-designed book. Its mixture of straight talk, real examples and models makes it easy to read and immediately useful.

In the eight chapters and 216 pages of the hardback edition the book covers the how and the why of identifying new prospects, the different levels of research, relationship management, ethics and the law and international research. Crucially for its intended audience of fundraising leaders the book also explains how to improve the management of prospect research, and lays out future trends such as a move toward mapping relationships between prospects and donors – a trend that we at Factary have focused on with Factary Atom.

By including real case studies and personal comments (one researcher confesses she started an online newsletter to “… be more social…”), Jennifer and Helen create empathy in their reader, and drive home the message about management. We can believe that things need improving when “Mary” admits to having “… never created a process document…” for data entry, with the result that her successor had to live through a “… reporting nightmare that took months to untangle.” Now we truly understand why it’s important.

The models – especially, for me, the models of donor relationship management – are insightful. They are also clear and simple, benefiting from Helen’s superb track-record as a trainer. This is years of experience summarised; we benefit from the beauty of its simplicity.

‘Prospect Research for Fundraisers’ is a good size, in hardback. This is not a trite comment – much of the focus in the book is about making information accessible. Even the most hard-pressed fundraiser will find it easy to slip a copy into her bag or coat pocket for bed-time reading.

Put one on the pillow of your favourite fundraiser, today.

[Helen Brown is a director and shareholder in Factary, co- founded by Chris Carnie. Helen was not consulted on the content of this review.]

Prospect Research, for Fundraisers

Factary director Helen Brown (www.helenbrowngroup.com) has co-authored a new book on prospect research. It’s aimed at researchers, but above all at the fundraisers who are managing researchers.  Chapters include Identifying New Prospects, Researching Prospects, Donor Relationship Management, Ethics, and Managing Prospect Research.

The chapter on Managing Prospect Research includes sensible guidance on setting expectations and agreeing terminology.

A great practical handbook for everyone in the research and fundraising community.

Prospect Research for Fundraisers cover

Screening and Analysis: better shared?

Laura Coates, Major Donor Manager at Spinal Research, has just posted a message on Prospect Research UK that we can’t resist repeating here (thank you, Laura, for your permission to do so.)

I had our database wealth screened with Factary and Prospecting for Gold simultaneously. I removed those we had already identified as wealthy prospects from the data I submitted initially so that I could realistically asses how many ‘new’ wealth matches each were offering (and that I wasn’t buying information we already knew!). I think Factary charged £500ish for the initial screening and name match (without the bands) and it was free with P4G but you didn’t get the names, just an analysis of the type of info they could offer on the match rate. 

Factary matching starts from wealth of £500k and they have a £500k – 5m band whereas P4G start at £1m – 5m (for the data I ended up buying it did anyway). P4G had a slightly higher match rate and the information they were able to provide in the packages was more appropriate for my use at the time so I bought the majority of the wealth bands from p4G. I then de duped those name from the name only match Factary had provided (with the initial screening) and those I was left with are now part of my £500-1m mid value group.

I felt that by screening with both I was able to analyse and choose the best route for us. In an ideal world it would have been great to buy from both Factary and Prospecting for Gold by my budget wouldn’t stretch that far.

Both were great on the customer service front – I continue to double check queries with the P4G matches and they are always very helpful (and don’t charge).

Hope that makes sense – happy to talk to you about it privately if you’d like to.

Good luck

Laura

Laura Coates

Major Donor Manager

Spinal Research

Foundations of Wealth 2012

This year, 32 people with a combined wealth of £18.2 billion created new grant-making trusts in the UK. Most (84%) of these people of wealth are self-made millionaires. All have an estimated £10m or more in identifiable assets.

 

Factary has just published a report on these, the UK’s newest philanthropists. As well as people from financial services, retail and property sectors, we’ve identified an author, an actor, a brewer and a fashion designer. Three of the new philanthropists are investors in football clubs.

Thanks to Factary Phi, our database of donations to UK causes, we have been able to identify the causes that many of these philanthropists supported before they created their foundations. We’ve found personal, substantial donations to causes ranging from the Royal Shakespeare Company to Ovarian Cancer Action, and from Glyndebourne to the London School of Economics. This information on past philanthropy helps us understand the likely direction of these new trusts and foundations.

 

The report shows the way in which philanthropy has become international. It suggests a trend towards US citizens creating trusts and foundations in the UK – three of the 32 philanthropists are from the USA. The new philanthropists have global connections – identified in the report – to Australia, France, Greece, India, Iraq, Malawi, Sierra Leone, South Sudan, Switzerland, Tanzania, the United Arab Emirates, Uganda, USA, and Zambia amongst others.

 

The 65-page report includes biographic profiles of the philanthropists, including their education and professional positions, and information on their philanthropy including trusteeships. We include an analysis of each individual’s wealth. On each grant-making trust – all featured in this year’s New Trust Update – we include information on aims and activities drawn from public domain sources and, in many cases, from direct correspondence with the trusts themselves.

We’ve also included a networking index to help you identify the links between philanthropists, companies and these new trusts.

 

The report is available from Factary at £135. Current and new subscribers to our New Trust Update report can order the report at the special price of £95.  To order your copy, contact Nicola Williams, nicolaw@factary.com, 0117 916 67 40.