Best Wealth Screening Software

Compare the Top Wealth Screening Software as of July 2025

What is Wealth Screening Software?

Wealth screening software helps organizations assess the financial capacity and philanthropic potential of individuals by analyzing wealth indicators, income levels, and asset ownership. It aggregates data from various sources to provide a comprehensive profile, including information on net worth, donation history, and lifestyle markers. This software is particularly valuable for non-profits, educational institutions, and fundraising teams, enabling them to identify high-potential donors and tailor engagement strategies accordingly. By segmenting prospects based on wealth capacity, organizations can focus their outreach efforts and increase donation effectiveness. Wealth screening software ultimately supports strategic fundraising, helping teams build stronger, more targeted relationships with donors. Compare and read user reviews of the best Wealth Screening software currently available using the table below. This list is updated regularly.

  • 1
    Bloomerang

    Bloomerang

    Bloomerang

    Bloomerang is the community-focused nonprofit donor management software built to deliver a better giving experience and help organizations thrive.
    Starting Price: $79/month
  • 2
    iwave

    iwave

    Kindsight

    Grow your fundraising with our intuitive layout, modern design, and next-gen architecture. iwave is the most recommended donor research solution among industry professionals. Why? It provides access to a comprehensive suite of reliable wealth, philanthropic and biographic information on prospective donors, so you can be confident you’re asking the right person for the right amount at the right time. With our wealth-screening tool, you can narrow down prospective donors with a proven capacity and inclination to donate major gifts. Our dataset aggregates wealth, philanthropic, and biographic information to build prospect profiles. Find the perfect fit for your organization so you can feel confident in your gift asks. You don’t have to leave your donor management system to access highly powerful fundraising intel. You’ll find it all here in our platform.
  • 3
    Donorbox

    Donorbox

    Donorbox

    Easily create a simple, conversion-optimized multistep donation form that works on any device. Take donors to your secure donation page or a pop-up donation form with a single click. A fundraising page is the perfect platform to share your mission with a powerful story and develop donor trust with engaging information. Create powerful campaigns that let you drive donor engagement effectively and raise funds quickly. Donorbox crowdfunding is loaded with features to lead your campaign to success. Donorbox Text to Give is super easy to set up and lets your donors give by sending a simple text message from their smartphones! Ideal for on-the-spot donation drives, church services, and conferences. Maximize campaign effectiveness, reach, and donations with unlimited fundraisers.
  • 4
    ResultsPlus

    ResultsPlus

    ResultsPlus

    With ResultsPlus nonprofit CRM (Constituent Relationship Management) software, you can design and implement major donor cultivation strategies, foster your growing recurring gifts program, send appointments to officers "in the field" via iCal email attachments, and segment your constituents in innumerable ways. You can research your donors from within ResultsPlus to learn about their wealth holdings. Interested in Online Giving? We've got that too. What’s better is that you can then leverage all these features using our fully integrated overviews and dashboards to analyze your current performance, see where your prospects are in your giving pipeline, let your major gifts officers and account managers see, at-a-glance, where all their people are in the pipeline, and schedule the automatic distribution of reports to stakeholders. You can report on your campaign, appeal and fund performance along with how your various segments are doing. And this is just the beginning.
    Starting Price: $200 per month
  • 5
    MarketSmart

    MarketSmart

    MarketSmart

    You need to build relationships with wealthy, passionate, and philanthropic minded donor prospects. Perhaps you already analyzed your donors’ giving histories, wealth-screened your list, and conducted intensive prospect research. So you might have information. But what you really need is engagements – meaningful conversations with qualified donor prospects. Our Engagement Fundraising software-and-service-duo helps fundraisers get meetings with the most passionate and wealthiest supporters at the right times when they are interested in finding meaning in their lives through giving. Both you and your supporters will love the Engagement Fundraising process because it’s truly donor-centric, leveraging technology to cost-effectively support your relationship-building efforts—with less pressure and more joy.
    Starting Price: $240.00/year
  • 6
    ProspectView Online
    Join the thousands of nonprofits using ProspectView Online, DonorSearch’s lightning-fast, comprehensive, and easy-to-understand solution. You’ll discover, qualify, and prioritize your best fundraising opportunities. The ProspectView Online research platform answers the question every fundraiser asks about their donors, “Who has the capacity and the demonstrated commitment to give generously to our cause?” We approach things from the standpoint that wealth does not equate to giving. Instead, giving behavior and history alongside wealth correlate to a greater likelihood of giving. ProspectView Online helps connect the dots between what is in a donor’s heart and their capacity to give. Explore the world’s largest philanthropic database for the proven charitable giving of individuals, organizations, or foundations. Discover new prospects and confirm giving interests by researching their philanthropy to similar causes by category, name, and geographic location.
  • 7
    Diligencify

    Diligencify

    Diligencify

    Elevate decision-making with diligence profiles, and tailored reports on source wealth, affiliations, and concerns. Enhance your customer understanding while proactively managing compliance and mitigating regulatory risks through comprehensive intelligence. Explore donor profiles for in-depth insights on capacity, past donations, affiliations, and lifestyle of High Net Worth Individuals (HNWI). Dive into liquid net worth, strategically building relationships and optimizing engagement for effective fundraising initiatives. Gain insights into foundation affinity, historical donations, financial capacity, areas of interest, recent initiatives, and trustee information. Our thorough analysis provides essential knowledge for informed decisions and strategic engagements, optimizing your approach. Unlock unparalleled insights with Diligencify's curated datasets on HNW and ultra-high net worth UHNW individuals.
    Starting Price: $1,999 per 6 months
  • 8
    CharityCAN

    CharityCAN

    CharityCAN

    Our fundraising and relationship data software increases your return on fundraising investment. Streamline donor identification, qualification, and connection to optimize research and increase donations. CharityCAN helps Canadian charitable organizations find donors by bringing big data technologies to fundraising, helping you make informed decisions at every stage of the donor journey. Individual, foundation and corporate donor profiles complete with giving histories, biographical information, wealth identifiers, and verified relationship maps are just a search away. Unlock the full potential of your fundraising efforts with CharityCAN’s AI technologies. From personalized donor summaries to advanced chat functionalities, we’re here to help you connect, engage, and succeed in new ways. Quickly search all of our datasets for donation records, compensation records, and biographical information.
    Starting Price: $3,000 per year
  • 9
    NPO AUTHORITY

    NPO AUTHORITY

    NPO AUTHORITY

    NPOAuthority’s software represents a transformative solution for nonprofits seeking to enhance their fundraising strategies through expert prospect research. By integrating advanced features from industry leaders such as DonorSearch, NPOAuthority provides a comprehensive suite of tools for wealth screening and prospect research. This software offers in-depth insights into donor wealth, giving patterns, and philanthropic interests, granting access to detailed profiles that include net worth, real estate holdings, charitable contributions, and business affiliations. These capabilities enable the creation of highly personalized, data-driven strategies for engaging potential donors effectively. Beyond simple data collection, NPOAuthority excels in wealth screening and analysis, employing predictive modeling to identify the most promising prospects. Its advanced analytics integrate seamlessly with your existing donor database, enhancing your ability to execute targeted campaigns.
    Starting Price: $1,695 per year
  • 10
    Funraise

    Funraise

    Funraise

    Funraise is your friendly nonprofit fundraising technology partner. Built on a foundation of nonprofit experience and innovation, our state-of-the-art platform integrates every aspect of nonprofit fundraising and donor management into an all-in-one platform, making it fun to create impact around the world. Rally supporters and fund program goals with impressive campaign websites. Add bells and whistles with the easiest site editor around.
  • 11
    Giveffect

    Giveffect

    Giveffect

    It's 2022, time to level up. Your organization deserves the best technology to thrive in the digital age. Our mission is to serve nonprofits by building the best nonprofit system, ever. Let us better your tech, so that you can better our world. Bring your development teams together with an easy to use software that combines 10 systems in one. No more working in silos. Increase team collaboration by using a single software that seamlessly connects and automates your data between departments. Enjoy a 360° view of all your nonprofit activities. Save time by eliminating the need to import and export between systems. Reduce redundancy, duplicates, and cost with one system that can do it all. We're not a generic sales CRM with nonprofit add-ons. We're nonprofit-centric to the core. Every feature is built specifically to further your mission of raising more funds, managing and growing your donor base, communicating with your constituents & supporters.
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    WealthEngine

    WealthEngine

    WealthEngine

    The WealthEngine Platform leads the market in delivering the best wealth intelligence and prospect research. When you’re using The WealthEngine Platform, you’re finally getting the insights you need to find, understand and engage wealthy prospects. Know your prospects, donors and customers better than you ever thought possible. The WealthEngine 9 platform applies machine learning to half a trillion data points, creating 250 million pre-scored profiles with over 5 million refreshes weekly to give you detailed insights into an individual’s propensity, capacity, and intent to engage with your organization – all available via API. Find your best prospects and expansion opportunities using insights from the industry’s first donor pyramid and wealth modeler that automatically segments your contacts. Prioritize and personalize your outreach based on net worth, giving capacity, donation history, investible assets, propensity to donate, invest and spend, and much more – right from your CRM.
  • 13
    360MatchPro

    360MatchPro

    Double the Donation

    Ready for the next generation of matching gift fundraising? Discover how 360MatchPro helps your organization raise more money, better engage your donors, and save staff time. 360MatchPro enables you to automatically collect matching gift eligibility from donors using email domains, within donation forms, on confirmation screens, or by email. The more matching gift opportunities 360MatchPro discovers and shares with donors, the more matching gift requests your donors will successfully submit. From form submission to corporate payment: Direct donors immediately to their matching gift forms after the donation process is complete. Then, provide the right information to the right donors at the right time with custom emails based on match eligibility. Target follow-ups drive more completed submissions than ever before, bringing exponentially more matching gift checks from companies through your door.
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    Windfall

    Windfall

    Windfall

    Engage affluent households with actionable data you can trust. Uncover and prioritize your highest-value constituents in near real-time, with precise net worth data. Leverage meaningful insights to decode your audience, uncover hidden gems, and focus your outreach. Establish and cultivate lasting relationships at every touchpoint with the right message at the right time. In this session, discover the key challenges to decoding wealth data, the unique approach Windfall takes in determining a household’s precise net-worth, and examples of nonprofits successfully leveraging net-worth data to support their data-driven fundraising. Windfall's proprietary data set is completely rebuilt on a weekly basis, giving customers the best and latest insights on their constituents. With a focus on the affluent, Windfall delivers a precise net worth figure, not a range, and a spectrum of deterministic consumer attributes at the individual household level.
  • 15
    DonorSearch

    DonorSearch

    DonorSearch

    Since 2007, DonorSearch continues to be the preferred and trusted partner of thousands of nonprofits. Make better decisions around which donor relationships to cultivate today with real-time information. Safely keep your data in the US with trusted SOC2-compliant data security measures. We prioritize your needs and desires to provide personalized solutions that exceed your expectations. DonorSearch gives you actionable insights, giving history and wealth intelligence that connects more people to your cause. DonorSearch uses artificial intelligence to give fundraisers actionable insights. Built for accuracy, efficiency, and expanding your donor pool, DonorSearch takes the guesswork out of prospecting, identifying the most ready-to-give donors. Save time expanding your prospect database with DonorSearch’s smart tools and accurate data. We help prospect researchers and gift officers connect with people who have an affinity for your cause.
  • 16
    Nexis for Development Professionals
    Gain confidence that you’re engaging the right donor prospects at the right time, in the right way. Nexis for development professionals streamlines your fundraising research, so you can connect with the perfect donors, maximize contributions, and avoid reputational risk. We offer the most comprehensive set of data points from a range of sources to help you get a full picture of your prospects. Feel certain you’re not missing key information. We streamline your path from search to story. With easier access to insights about a prospect, your organization can build strong, lasting relationships. We will help you to identify the best donor targets for future fundraising. Searching interests, bios, and geographies, you'll uncover companies, organizations, and people with a propensity to give. We understand that each prospect is key to the future of your organization and in turn, your mission. We commit to supporting you in finding donors and delivering results.
  • 17
    Wealth-X Professional
    Wealth-X Professional provides access to the world’s most robust collection of curated research and intelligence on high net worth (HNW) and ultra-high net worth (UHNW) individuals. With hundreds of thousands of records, Wealth-X Professional is the ultimate resource for financial institutions, not-for-profit organizations, educational institutions, and luxury brands seeking to engage the world’s ultra-affluent. Connecting with the ultra-wealthy and cultivating new clients is about building trust by understanding their needs, wants, and desires. Engaging with this group means gaining insight through in-depth research and hand-curated intelligence. Utilize Wealth-X Professional to search for new prospective clients and donors based on criteria most relevant to your organization’s specific needs, or by identifying connections of your current relationships. Wealth-X Screening unlocks the potential in your customer or prospect data.
  • 18
    Blackbaud ResearchPoint
    Understand each constituent’s capacity, affinity, and inclination to give so you can grow revenue and find the best prospects for any campaign or program. View all publicly identifiable wealth indicators for each prospect, from real estate and public company stock ownership to philanthropic giving and nonprofit affiliations, with our WealthPoint screening. Group constituents by motivations and tailor stewardship with Affluence Insight, our proprietary donor persona segmentation that layers in predicted wealth attributes. Find the most likely donors for each of your programs and initiatives with ProspectPoint predictive models that use AI and our decades of modeling experience. Access the largest searchable database of philanthropic gifts, with Blackbaud Giving Search, to see records of gifts to other organizations. ResearchPoint makes it easy for your team to consume and act on the data. Do more with workflows designed specifically for nonprofit prospect researchers.
  • 19
    GivingDNA

    GivingDNA

    GivingDNA

    All-in-one fundraising analytics, data visualization, and wealth screening tool. Gain insights, understand your donors, and get results. External data alone doesn’t tell the complete story of wealth and propensity. We blend your constituent and giving file with our 3rd-party data to show your donors' full giving potential. Easily identify donors who are primed for next-level engagement with your organization. No one wants an impersonal or irrelevant experience. Your donors are no exception. Easy reporting saves you time and instantly uncovers opportunities & challenges. GivingDNA optimizes your portfolio so you can exceed your fundraising goals early. Refresh your file monthly and breathe new life into your prospect list. Stop wasting time and money with one-size-fits-all campaigns that resonate with only a few. GivingDNA is your personal data analyst that helps your team make informed decisions and exceed your fundraising goals.
  • 20
    NPO Info

    NPO Info

    Double the Donation

    NPOInfo by Double the Donation specializes in quality data appends for organizations looking to connect with their supporter bases and deepen their impact. We guarantee a high degree of accuracy in our results, ensuring your fundraising initiatives are built on data you can trust. We take the time to understand your mission and goals to ensure the services you receive from us are the best solution for you. The NPOInfo and Double the Donation teams leave no stone unturned. We’ll make sure that your organization can take advantage of every opportunity to learn more about your donors, supporters, and alumni. While every organization that fundraises has a need for donor data, we want to make sure we’re the right fit for your organization before committing to work together. We serve nonprofits, educational institutions, healthcare organizations, and associations. Our data enrichment process involves selecting the services that are helpful for your organization.
  • 21
    Wealth-X Screening
    Wealth-X Screening unlocks the potential in your customer or prospect data using state-of-the-art wealth screening software and services that leverage our unparalleled intelligence on the world’s wealthiest individuals. Our proven expertise in wealth valuation, as well as matching and identity resolution, enables our team of experts to screen your data more accurately and with greater results across the globe. Wealth-X Screening analyzes your existing database to unearth previously unknown high and ultra-high-net-worth individuals, revealing their wealth profile, and identifying their personal network. Wealth-X Screening also grades these individuals by wealth tier and match quality allowing you to easily categorize and prioritize potential targets. Expand your pool of qualified prospects and drive forward new development initiatives by identifying the relationship networks of these matches.
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    AlumniFinder

    AlumniFinder

    AlumniFinder

    Increase your fundraising results by efficiently staying in touch with alumni and donors, identifying new prospects, and keeping your records up to date. You can’t reach donors when you don’t have the right details in your database. Get your records updated with the information you need to succeed. Gain intelligence about your donors and alumni. Add additional donor prospects to grow your supporter base and increase fundraising revenue. Take a deeper dive into your data to create fundraising campaigns that convert. Effectively identify and target supporters who are most likely to give. Support your mission with advanced fundraising strategies to win over donors. Know you’re reaching the right donor with the right ask to increase giving. AlumniFinder has supported the unique fundraising needs of the nonprofit community since 2001. Our data-driven intelligence heightens your ability to build existing donor relationships while focusing on development opportunities.
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Guide to Wealth Screening Software

Wealth screening software is a type of technology used primarily by nonprofit organizations, educational institutions, and other entities that rely heavily on fundraising. It's designed to help these organizations identify potential donors who have the financial capacity to make significant contributions. The software does this by analyzing various data points related to an individual's wealth, such as real estate ownership, stock holdings, business affiliations, philanthropic history, and more.

The primary purpose of wealth screening software is to provide insights into an individual's or a company's ability to donate. This information can be invaluable for fundraisers as it allows them to focus their efforts on prospects with the highest potential for large donations. By identifying these high-value prospects early in the fundraising process, organizations can allocate their resources more effectively and increase their chances of reaching their fundraising goals.

Wealth screening software works by pulling data from various public sources. These may include real estate records, SEC filings for stock ownership, political contributions databases, and other publicly available information that can indicate wealth. Some advanced systems also incorporate proprietary databases that contain additional information not readily available elsewhere.

Once the software has gathered this data, it uses algorithms to analyze it and generate a profile of each prospect's estimated net worth and giving capacity. This profile can then be used by fundraisers to tailor their approach when reaching out to these individuals or companies.

In addition to providing estimates of net worth and giving capacity, some wealth screening software also offers predictive modeling features. These features use statistical techniques to predict how likely a prospect is to donate based on factors like past giving behavior and demographic information.

While wealth screening software can be incredibly useful for identifying high-value prospects, it's important for organizations using this technology to remember that it only provides estimates based on publicly available data. Therefore, its accuracy may vary depending on the quality of the data sources it uses and how up-to-date they are.

Moreover, while wealth screening can indicate an individual's ability to donate, it doesn't necessarily reflect their willingness to do so. Therefore, it's crucial for fundraisers to combine the insights gained from wealth screening with other fundraising strategies like relationship building and personalized outreach.

In terms of privacy concerns, it's worth noting that wealth screening software only uses publicly available data. However, organizations should still be transparent about their use of this technology and respect the privacy preferences of their prospects.

Wealth screening software is a powerful tool that can help nonprofit organizations and other entities identify potential donors with the capacity to make significant contributions. By analyzing various data points related to an individual's or company's wealth, these systems can provide valuable insights that aid in fundraising efforts. However, they should be used responsibly and in conjunction with other fundraising strategies to ensure success.

Features Offered by Wealth Screening Software

Wealth screening software is a powerful tool that helps organizations, particularly non-profit ones, to identify potential donors based on their financial capacity and philanthropic tendencies. Here are some of the key features provided by wealth screening software:

  1. Prospect Identification: This feature allows organizations to identify potential donors or investors from a large pool of individuals. The software uses various data points such as income level, real estate ownership, business affiliations, and more to determine an individual's capacity to donate.
  2. Donor Segmentation: Wealth screening software can segment donors into different categories based on their wealth status. This helps organizations tailor their fundraising strategies for each group effectively.
  3. Predictive Modeling: Some advanced wealth screening tools use predictive modeling techniques to forecast an individual's likelihood of making a donation or investment. These predictions are based on past giving behavior, demographic information, and other relevant factors.
  4. Data Enrichment: Wealth screening software can enrich an organization's existing donor database by adding valuable information about each donor's financial capacity and philanthropic interests. This additional data can help improve the accuracy of fundraising forecasts.
  5. Real-Time Updates: Many wealth screening tools provide real-time updates on changes in an individual's financial status or giving behavior. This feature ensures that organizations always have the most current information when making fundraising decisions.
  6. Integration with CRM Systems: Most wealth screening solutions can seamlessly integrate with Customer Relationship Management (CRM) systems used by organizations. This integration allows for easy transfer of data between systems and enhances overall operational efficiency.
  7. Custom Reporting: Wealth screening software often includes custom reporting capabilities that allow users to generate detailed reports on their donor base, including insights into giving trends and patterns.
  8. Compliance Checks: To ensure legal compliance in fundraising activities, some wealth screening tools include features that check against international sanctions lists and politically exposed persons (PEPs) databases.
  9. Donor Profiling: This feature creates comprehensive profiles of potential donors, including their wealth, assets, interests, and philanthropic history. These profiles can help organizations understand their donors better and build stronger relationships with them.
  10. Benchmarking: Wealth screening software often includes benchmarking features that allow organizations to compare their fundraising performance against industry standards or similar organizations.
  11. Data Security: Given the sensitive nature of the data involved in wealth screening, these tools typically include robust security features to protect donor information from unauthorized access or breaches.
  12. User-Friendly Interface: Most wealth screening solutions are designed with user-friendly interfaces that make it easy for users to navigate through the system and perform various tasks efficiently.

Wealth screening software is a valuable tool for any organization looking to optimize its fundraising efforts. By providing insights into potential donors' financial capacity and giving tendencies, these tools can significantly enhance an organization's ability to secure funding.

What Are the Different Types of Wealth Screening Software?

Wealth screening software is a tool used by organizations, particularly non-profits, to identify potential donors or investors based on their financial capacity. These tools analyze various data points to provide insights into an individual's wealth, including real estate ownership, business affiliations, and philanthropic history. Here are the different types of wealth screening software:

  1. Real Estate Wealth Screening Software: This type of software focuses on analyzing an individual's real estate holdings to estimate their net worth. It considers factors such as property value, location, and number of properties owned.
  2. Business Affiliation Wealth Screening Software: This software identifies an individual's business affiliations and positions held within companies. It can provide insight into their income level based on their role in the company and the company's overall performance.
  3. Philanthropic History Wealth Screening Software: This type of software analyzes an individual's past donations to charitable causes. By understanding a person’s giving patterns and preferences, organizations can tailor their fundraising strategies accordingly.
  4. Stock Ownership Wealth Screening Software: This software tracks publicly available information about stock ownership and investments made by individuals in public companies. It helps estimate the potential donor’s wealth based on the value of these stocks.
  5. Asset-Based Wealth Screening Software: This type screens for tangible assets like luxury cars, boats, planes, etc., which can give a good indication of someone’s wealth status.
  6. Inheritance Wealth Screening Software: Some people may not have significant income or assets but could be beneficiaries of large inheritances or trusts that significantly impact their net worth.
  7. Consumer Behavior Wealth Screening Software: This type analyzes consumer behavior data such as spending habits, lifestyle choices (like travel), and purchasing power to determine an individual's wealth level.
  8. Political Donation Wealth Screening Software: Political contributions are public record in many countries including the U.S., so this kind of software tracks political donation history as a measure of wealth.
  9. Demographic Wealth Screening Software: This software uses demographic data such as age, education level, and occupation to estimate an individual's wealth.
  10. Social Media Wealth Screening Software: Some advanced software can analyze social media behavior and posts for indications of wealth or spending habits.
  11. Credit-Based Wealth Screening Software: This type of software uses credit history and score to provide insights into an individual's financial health and potential wealth.
  12. Income Estimation Wealth Screening Software: This software estimates an individual’s income based on their job title, industry, location, etc., which can be used as a proxy for their overall wealth.

Each type of wealth screening software has its strengths and weaknesses, so many organizations use a combination of these tools to get the most accurate picture of a potential donor's financial capacity.

Benefits Provided by Wealth Screening Software

Wealth screening software is a tool that non-profit organizations, educational institutions, and other entities use to identify potential donors or investors based on their financial capacity. This technology provides several advantages:

  1. Efficient Fundraising: Wealth screening software helps organizations identify individuals who have the financial capacity to make significant contributions. By focusing on these potential donors, organizations can streamline their fundraising efforts and increase the likelihood of securing large donations.
  2. Data Accuracy: These tools often provide up-to-date and accurate information about an individual's wealth status. They pull data from various sources such as real estate holdings, stock ownership, business affiliations, and more to give a comprehensive view of a person's financial situation.
  3. Time-Saving: Manually researching potential donors' financial backgrounds can be time-consuming and labor-intensive. Wealth screening software automates this process, saving staff members valuable time that they can use for other important tasks.
  4. Customizable Search Parameters: Most wealth screening tools allow users to set specific search parameters based on their organization's needs. For example, they can filter results by net worth, income level, location, philanthropic interests, etc., enabling them to target the most suitable prospects.
  5. Predictive Analytics: Some advanced wealth screening software uses predictive analytics to forecast an individual's giving capacity based on past donation history and other factors. This feature allows organizations to strategically plan their fundraising campaigns.
  6. Integration with CRM Systems: Many wealth screening tools can integrate with Customer Relationship Management (CRM) systems used by organizations. This integration allows for seamless data transfer between systems and ensures all donor information is stored in one place for easy access and analysis.
  7. Improved Donor Segmentation: With wealth screening software, organizations can segment their donor base into different categories based on wealth status or giving capacity. This segmentation enables them to tailor their communication strategies and fundraising appeals for each group effectively.
  8. Enhanced Donor Relations: By understanding a donor's financial capacity, organizations can approach them with appropriate requests that respect their ability to give. This understanding can lead to stronger relationships with donors and potentially larger donations.
  9. Strategic Planning: The insights gained from wealth screening software can inform an organization's strategic planning. They can identify trends in giving, understand where their largest donations are coming from, and plan future fundraising efforts accordingly.
  10. Cost-Effective: While there is an upfront cost associated with purchasing wealth screening software, the return on investment can be significant if used effectively. By identifying high-value prospects and improving fundraising efficiency, organizations can increase their revenue significantly over time.

Wealth screening software offers numerous advantages for organizations seeking to optimize their fundraising efforts. It provides accurate data, saves time, allows for customization and integration with other systems, improves donor segmentation and relations, aids in strategic planning, and is cost-effective in the long run.

What Types of Users Use Wealth Screening Software?

  • Wealth Managers: These professionals use wealth screening software to identify potential high-net-worth individuals (HNWIs) who may require their services. The software helps them understand the financial status, investment habits, and philanthropic tendencies of these individuals, enabling them to tailor their offerings accordingly.
  • Nonprofit Organizations: Nonprofits use this software to identify potential donors who have the capacity to make significant contributions. It helps them target their fundraising efforts more effectively by understanding the wealth, giving history, and philanthropic interests of potential donors.
  • Educational Institutions: Universities, colleges, and schools use wealth screening tools to identify alumni or parents with substantial financial resources. This information is used in fundraising campaigns for scholarships, infrastructure development, research funding, etc.
  • Financial Advisors: These professionals use wealth screening software to gain insights into a client's financial situation. This allows them to provide personalized advice on investments, tax planning, estate planning, etc., based on the client's wealth profile.
  • Real Estate Agents: Agents can utilize this software to find prospective clients who have the means to invest in high-value properties. It also helps them understand a client's property ownership details and real estate preferences.
  • Banks & Financial Institutions: Banks often use this tool for customer segmentation and targeted marketing of their premium products like private banking services or luxury credit cards. It also aids in risk assessment during loan approvals.
  • Insurance Companies: Insurance providers can leverage this tool for identifying potential customers for their high-premium insurance policies. Understanding a prospect’s net worth can help tailor insurance packages that best suit their needs and lifestyle.
  • Law Firms: Law firms specializing in estate planning or tax law might use wealth screening tools to identify potential clients who could benefit from their services due to substantial assets or complex financial situations.
  • Marketing Agencies: Agencies working with luxury brands can utilize this software to target affluent individuals who are likely interested in high-end products or services. This helps them create more effective marketing strategies.
  • Political Campaigns: Political parties and candidates can use wealth screening software to identify potential donors for their campaigns. It allows them to understand the political affiliations and donation history of wealthy individuals, helping them target their fundraising efforts more effectively.
  • Art Galleries & Auction Houses: These entities can use this tool to find potential buyers or donors with an interest in art and the financial capacity to make significant purchases or donations.
  • Hospitality Industry: High-end hotels, resorts, and travel companies might use wealth screening tools to identify potential customers who can afford luxury travel experiences. They can then tailor their marketing efforts towards these individuals.
  • Healthcare Institutions: Hospitals and healthcare systems may use this software for fundraising purposes, identifying patients or community members who have the means to contribute significantly towards new facilities, equipment, research initiatives, etc.
  • Consulting Firms: Consulting firms that specialize in strategic planning, business development, or market research might use wealth screening tools as part of their data analysis process when working with clients targeting affluent markets.

How Much Does Wealth Screening Software Cost?

Wealth screening software is a tool used by organizations, particularly non-profits, to identify potential donors and their capacity to give. The cost of wealth screening software can vary greatly depending on several factors such as the size of your organization, the number of records you need to screen, the features you require, and the provider you choose.

Typically, providers offer different pricing models including subscription-based or per-record pricing. Subscription-based pricing usually involves an annual or monthly fee that gives users access to a certain number of screenings or unlimited use of the software. Per-record pricing charges users for each record they screen.

For smaller organizations with fewer records to screen (say around 1,000), costs could range from $1,000 to $3,000 per year for a basic package. This would typically include features like data enrichment (updating and filling in missing information), prospect identification (finding potential donors based on wealth indicators), and reporting tools.

Mid-sized organizations with more records (around 10,000) might expect costs between $5,000 and $10,000 per year. These packages often come with additional features like predictive modeling (which uses algorithms to predict giving behavior), integration with CRM systems, and more advanced reporting capabilities.

Larger organizations with tens of thousands of records may pay anywhere from $10,000 up to $50,000 or more per year for comprehensive packages that include all available features such as custom modeling and analytics services.

It's also important to note that some providers charge setup fees which can range from hundreds to thousands of dollars. Additionally, training costs should be considered as well since staff members will need instruction on how to use the software effectively.

While these prices may seem high initially, it's crucial for organizations considering this investment to weigh these costs against the potential return on investment. Wealth screening can help identify major gift prospects that might otherwise go unnoticed leading to increased fundraising revenue.

Remember that pricing can often be negotiated with providers, especially if you're committing to a long-term contract. It's always worth asking for a discount or inquiring about any promotions the provider may be running.

The cost of wealth screening software varies widely based on several factors and organizations should carefully consider their specific needs and budget before making a decision.

Types of Software That Wealth Screening Software Integrates With

Wealth screening software can integrate with various types of software to enhance its functionality and efficiency. One such type is Customer Relationship Management (CRM) software, which helps in managing interactions with potential and existing clients. The integration allows for seamless transfer of data between the two systems, enabling wealth managers to have a comprehensive view of their client's financial status.

Another type is fundraising or donor management software, commonly used by non-profit organizations. This integration helps in identifying potential donors based on their wealth information, thus aiding in targeted fundraising campaigns.

Marketing automation tools can also be integrated with wealth screening software. This combination enables businesses to tailor their marketing strategies based on the financial capabilities of their target audience.

Additionally, data analytics tools can work hand-in-hand with wealth screening software. These tools help in analyzing the data obtained from the wealth screening process, providing valuable insights that can guide decision-making processes.

Financial planning and portfolio management software can also integrate with wealth screening solutions. This allows for more accurate and personalized financial advice based on an individual's or entity's specific wealth profile.

Recent Trends Related to Wealth Screening Software

  • Increased Adoption: With the rise of data-driven decision making, more and more nonprofit organizations are adopting wealth screening software. This trend is due to the fact that such software can provide valuable insights into potential donors' ability to give, helping nonprofits target their fundraising efforts more effectively.
  • Integration with CRM: Wealth screening software is increasingly integrated with Customer Relationship Management (CRM) systems. This allows nonprofits to have all information about their donors in one place, enhancing efficiency and effectiveness in donor management.
  • Real-Time Updates: The trend toward real-time updates in wealth screening software allows for more accurate and current data. Users can get instant updates about changes in donors' financial status, enabling timely and appropriate fundraising approaches.
  • Artificial Intelligence: AI and machine learning are being integrated into wealth screening software. This technology can predict potential major gift donors by analyzing patterns in data, which may not be noticeable to human analysts.
  • Personalized Fundraising Strategies: Wealth screening tools are helping organizations to develop personalized fundraising strategies. By understanding the giving capacity and affinity of prospective donors, organizations can tailor their communication and requests for donations accordingly.
  • Privacy Concerns: As wealth screening involves handling sensitive financial information, there are rising concerns about privacy and data security. It's becoming crucial for wealth screening software providers to ensure they have robust security measures in place.
  • Regulatory Compliance: As new regulations related to data privacy are introduced, compliance with these regulations has become a significant concern for wealth screening software providers. GDPR and California Consumer Privacy Act (CCPA) are examples of such regulations.
  • Focus on User Experience: There's an increasing focus on improving the user experience of wealth screening software. Providers need to ensure their interfaces are intuitive, easy-to-use, and offer value-added features such as visual analytics and customizable reports.
  • Demand for Comprehensive Data: Nonprofits want access to comprehensive data that includes not only a prospect’s net worth but also their philanthropic interests, past giving, political donations, real estate holdings, and more. This trend is encouraging providers to include a wider range of data in their offerings.
  • Growing Market Competition: The wealth screening software market is becoming increasingly competitive. With several key players and new entrants offering advanced features and services, nonprofits have more options when it comes to choosing a software solution.
  • Affordable Solutions for Smaller Nonprofits: As technology becomes more accessible, affordable solutions are emerging for smaller nonprofits. These organizations may not have the budget for expensive software but can still benefit from wealth screening tools designed specifically for their needs.
  • Cloud-Based Solutions: Cloud-based wealth screening tools are on the rise due to their flexibility and scalability. These solutions allow nonprofits to access the software from anywhere at any time without needing to install or maintain it on their own servers.
  • Training and Support Services: As wealth screening software becomes more advanced, there's an increasing demand for high-quality training and support services. This ensures that users can effectively utilize all the features the software has to offer.

How To Find the Right Wealth Screening Software

Selecting the right wealth screening software can be a crucial decision for your organization, as it can significantly impact your fundraising efforts. Here are some steps to help you make the right choice:

  1. Identify Your Needs: Before you start looking at different software options, identify what you need from a wealth screening tool. Do you need it to integrate with your existing CRM? What kind of data do you want it to provide? How many records do you need to screen?
  2. Research Options: Once you know what you're looking for, start researching different software options. Look at their features and capabilities, and see how they align with your needs.
  3. Consider User-Friendliness: The best wealth screening software is one that's easy to use. If it's too complicated or difficult to navigate, it won't be effective.
  4. Check Data Accuracy: The accuracy of the data provided by the software is critical. Make sure the software uses reliable sources and provides up-to-date information.
  5. Evaluate Customer Support: Good customer support can make a big difference in your experience with a wealth screening tool. Look for companies that offer responsive and helpful support.
  6. Ask For Demos And Trials: Most companies will offer demos or trials of their software so you can test out its functionality before making a commitment.
  7. Read Reviews And Testimonials: Look at reviews and testimonials from other users to get an idea of their experiences with the software.
  8. Compare Pricing: Finally, compare pricing between different options keeping in mind that while cost is important, it shouldn’t be the only deciding factor.
  9. Security Measures: Ensure that the platform has robust security measures in place to protect sensitive donor information.
  10. Consider Scalability: Choose a solution that can grow with your organization’s needs over time.

By following these steps, you should be able to select a wealth screening software that fits well with your organization's needs and budget. Make use of the comparison tools above to organize and sort all of the wealth screening software products available.