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iWave

iWave

Overview

What is iWave?

iWave offers their nonprofit fundraising intelligence platform, for performing prospect research online with VeriGift, the company's donor and donation database.

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Pricing

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What is iWave?

iWave offers their nonprofit fundraising intelligence platform, for performing prospect research online with VeriGift, the company's donor and donation database.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is iWave?

iWave Video

iWave Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo

Frequently Asked Questions

iWave offers their nonprofit fundraising intelligence platform, for performing prospect research online with VeriGift, the company's donor and donation database.

Reviewers rate Support Rating highest, with a score of 10.

The most common users of iWave are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews From Top Reviewers

(1-5 of 13)

Best of its kind for value

Rating: 7 out of 10
November 10, 2021
AM
Vetted Review
Verified User
iWave
2 years of experience
iWave was used by or development team to help us figure out our best major donor contacts. The amount of information was useful for our major gift developer to establish a relationship with a donor we thought may be interested in long term major gifts. It also helped them prioritize and narrow down who they should be focusing on, along with giving them an idea of how much of an ask they should approach with when on visits or calls. The data was updated monthly and imported to our database for easy use by all of development to help monitor what stages of development each donor was in.
  • iWave is very good at finding the details of a donor and their financial picture
  • iWave is very good at breaking down this information in a digestible form
  • iWave is one of the most accurate systems we have use for donor matching when it comes to searching donors form our database
Cons
  • iWave gives you A LOT of information. And I mean a lot. Some of it seems mundane while other info points are important. I wish it could be narrowed down by how much data you want to see on somebody
  • Because of the amount of information, it's so easy to get lost in the weeds of your large donors. It has a very WIDE focus for gathering info
  • The website could definitely have a better layout. Sometimes finding the data or tab you need can be tricky
iWave is well suite for gathering a better idea of who you should focus on for major giving efforts. While it gives you a lot of good information, some of that information feels not very important and therefore, clogs up the data you actually need. iWave should not be used for something like direct mail list making. iWave seems to really be focused on the major donor aspect and it is not a tool to be used to help with regular annual giving

iWave helps us ride the donor wave

Rating: 8 out of 10
November 10, 2021
KB
Vetted Review
Verified User
iWave
2 years of experience
We use Iwave to screen our donor database and then to create profiles for a selection of those donors. We use it for both overall screening and deep-dive individual research. It helps us to prioritize our outreach and engagement in the Development Department.
  • Database wealth screening
  • Donor profiles
  • Confirming capacity
Cons
  • Confidence scoring for matching has room for improvement
  • I'd like it to automatically create profiles
  • Integration with RENXT
Iwave is well suited to give you a starting point for screening a large data set, and to generate capacity indicators for your population. It is less useful for finding philanthropic inclination in general, in my experience because the recency of the donation data driving that does not seem to be up to date.

I can't raise money without it

Rating: 10 out of 10
October 21, 2019
LS
Vetted Review
Verified User
iWave
10 years of experience
We are a small nonprofit. 15 months ago when I started, we had no database of prospects or donors. I used iWave to build my prospect pool of over 2500 qualified leads.
  • It allows me to identify prospects based on where else they give and at what level.
  • It provides me with contact information.
  • It often tells me net worth and real estate values.
Cons
  • Truthfully, it was a user that needed improvement! Once I finally took the time to do the tutorials and really understand what a tool it is, I used it to much greater advantage.
I have recommended iWave to many colleagues and will continue to do so. I’ve taken it with me to every nonprofit I’ve worked at for the last 10 years. It’s an incredibly powerful tool that cuts hours out of traditional prospect research. It’s efficient and continues to be improved all the time. I could not do my job without it.

No frills wealth screening in a one-stop shop

Rating: 10 out of 10
August 04, 2018
DA
Vetted Review
Verified User
iWave
2 years of experience
I use iWave in the Development department of our performing arts nonprofit organization. For the past two years we have subscribed to the 2-user license (5,000 credits) package. The tool has been invaluable for us as we assess the capacity of our current donors, ticket buyers, and personal contacts we meet in various networking or special events settings. iWave allows us to easily collect publicly available information across multiple databases. We also use the platform for Institutional Development, as the "Foundations" section of the tool allows us to research a foundation's giving history, board composition, and staff structure. This can be invaluable information when approaching a new prospective funder.
  • Easily compare results across multiple databases, utilizing the "360 search" capability. This is the most common type of search for us, as it provides a snapshot of everything from real estate values, stock sales, political giving, charitable giving, and board roles of each individual.
  • Foundation search allows us to research all information about a charitable foundation, including 990s, board lists, staff lists (including contact information), and giving history, all sorted by region and field. Having access to this information on the same platform as our individual giving research makes for a much more efficient workflow, and also enables us to see the connections between individual prospects and the foundations or boars they may serve on.
  • Bulk data processing turnaround is very quick, often a short list will be processed within an hour and even long lists of 4k or more are processed within 36 hours. The results are sortable and filterable, allowing us to efficiently handle larger amounts of data that come with big lists
  • Customer support is prompt, friendly, and always helpful when needed. We never feel like we have to wait very long for a response, and customer support is always available by phone.
Cons
  • It's honestly tough to say what needs to be improved on a platform that I am a big fan of. The only time I am ever frustrated has more to do with the fact that some individuals are very adept at masking their charitable activities from public databases, and given that iWave can only show you what is publicly documented information I wouldn't consider that a liability of the product... rather it's a challenge of the field.
  • Some areas of improvement could include more online filtering and searching of Foundation grant histories. My current workaround is to download the entire grant history as a CSV (another good feature of iWave), and use Excel to sort and filter my results.
For my organization iWave is well suited to understand more about the giving capacity and history of our ticket buyers. As a performing arts nonprofit with a theater space and a large volume of ticket sales, iWave helps us identify donor prospects from the many people who purchase tickets and attend our shows. The Foundation search tool is especially useful for researching new sources of grant revenue.

What in the world did I do before iWave's 360 Search?!

Rating: 10 out of 10
July 26, 2018
SR
Vetted Review
Verified User
iWave
10 years of experience
The prospect research team uses iWave to proactively wealth screen alumni/parent/friend prospects for the University. We use it to find and confirm real estate, donations to other organizations, business information and other contact information. The 360 Search has been an invaluable resource for our team. We love iWave!
  • Very often we are able to find real estate and gifts to other organizations in iWave that we cannot find in other research products, or we find more recent information. This is a huge bonus when we are looking for time-sensitive information for our major gift officers.
  • Having worked with iWave for a decade, I have seen the company continue to evolve and get better at what they do. They are constantly striving to be competitive with and even better than their peers. This proves to me they are not satisfied with maintaining the status quo like some of the other larger vendors who monopolize the market and whose data has become "flat."
Cons
  • The biggest piece of missing functionality has been data integration with Raiser's Edge, but iWave is working feverishly with Importacular to make that an option for users as well. I expect that process to be more user-friendly in the next year or so.
  • I love that iWave is always adding new data sources to their 360 Search with Database USA being the newest piece. I hope the "COMING SOON" section of that data source will be populated soon.
iWave is a fantastic product for any size shop. We recently did a small screening of about 1000 records and were pleasantly surprised at how the results turned up new names we didn't realize were prospects based on the real estate values returned. The functionality of the screening has become easier and the returned results within the product has become much easier for the team to navigate. It is still a little bit cumbersome to sort through and delete gifts or real estate that do not belong to your prospect, but I have used other products that do not even give you that option! It is also really useful to have several options to be able to customize your screening.
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