Illinois Tech Illinois Tech partnered with Orr Group to develop a data driven campaign plan, mapping out the path to $1 billion. Planned giving is expected to be a third of the $1 billion goal, and Illinois Tech engaged Orr Group to manage the planned giving program.
Situation Based in the global metropolis of Chicago, Illinois Institute of Technology (Illinois Tech) is the only technology-focused university in the city. It offers degrees in engineering, science, architecture, business, design, human sciences, applied technology, and law.
Challenge Having launched the first phase of its capital campaign with unquestionable success, raising $250 million, Illinois Tech was poised to launch the campaign’s next phase. To support this next phase, Illinois Tech partnered with Orr Group to develop a data driven plan, mapping out the path for raising at least $250 million more and potentially up to $500 million more.
Solution Through stakeholder interviews, wealth screening and review donor data, and an environmental scan, Orr Group recommended increasing the campaign goal to $1 billion. Illinois Tech approved and publicly announced the $1 billion goal. As part of our work, Orr Group developed a plan for the remainder of the campaign, including significant increases to the endowment, driven by planned and blended gifts. As planned giving is expected to be between a third and half of their campaign total, Illinois Tech partnered with Orr Group to manage their planned giving program. We began with a planned giving assessment to help us understand the strengths and weaknesses of the program and prioritize where to focus our time and the team’s time to drive planned and blended gifts for the campaign. We are currently managing all aspects of the planned giving program, with a focus on supporting the relationships managers on planned and blended gift strategies.