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Monthly Giving! Not-so-Secret Strategy to Keep Your Nonprofit Afloat Today

Sign: We Miss You, We Love YouFor at least the past five years I’ve been actively encouraging nonprofits of all stripes to begin or ramp up their monthly giving program. It made sense then. It makes even more sense now.

Why?

You need a dependable source of income in order to be able to plan for the future.

If that sounds good to you, please continue reading. I’m going to share some best practices and examples to help you somewhat magically raise more dollars from individuals, both today and tomorrow.

Guess what?

Once donors sign on as monthly givers they tend to stick with you.

In fact donor retention of monthly supporters averages 80 – 90%, compared with just 65% for annual donors.  That’s huge!

So huge, in fact, you’re missing a gigantic boat if you don’t currently promote monthly giving as a key fundraising strategy. In other words, you’re leaving boatloads of cash on the table.  If you could use a boatload of cash right now, never fear.  All you need to do is…

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Nonprofit Crisis Response Tip-a-Day-DO-Dah!

Sign StaySafeBeKindResist the temptation to throw your hands up in the air because you’re hearing people are giving less now. While it may be true(ish), it doesn’t apply to everyone. And it doesn’t need to apply to your nonprofit.

Also, the fact folks aren’t giving may not be for the reasons you assume. In fact, one of the biggest reasons this is true is because nonprofits are asking less.

If you don’t ask, you don’t get.

Recent research shows:

  • Giving is increasingly seen as good – as is fundraising. Even donors who have been hit economically are remaining remarkably generous.
  • Charities with little relevance to tackling Coronavirus will still receive support from donors that value them – as long as they ask for help (otherwise they’ll be perceived as not in need of funds).

It all boils down to a need to put together both short and long-term plans to connect meaningfully with your supporters right now, using the correct approach and tone. Towards that end, I’ve put together five ‘to-do’s – one for each day of the work week.  I suggest you put aside a little bit of time this coming week to consider how you might actualize each of these suggestions, if not in whole at least in part.

Ready for your five timely tips?

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Philanthropy Trends Your Nonprofit Needs to Know Mid-Pandemic

Mural art, pointing fingerCould you be getting it all wrong when it comes to the what, who, where, why, how and when of your nonprofit’s communications and fundraising as this pandemic plays out?

You could.

Especially if you’re leading from opinion above knowledge. You know, going with your gut when it comes to what your donors want or need from you right now. Otherwise known as guessing.

That’s never a good idea for someone whose job is to facilitate philanthropy. Because a lot is known about how much joy it brings people to demonstrate their ‘love of humanity’ through philanthropic acts. Your gut telling you donors don’t want to be invited to become heroes? P’shaw.

Now, thanks to the folks at Blue Frog Fundraising, more is known about how donors feel about giving in response to the current pandemic. In the recently revealed Coronavirus Research Findings: What do donors think now? they focus on what donors have told them about how their approach to giving has changed. Or hasn’t.

These philanthropy trends are important to understand, so I’ve selected the most salient among their key findings (highlighted in the break-out boxes) and have grouped them according to the traditional journalist’s rubric of what, who, where, why, how and when.

Research Graph, Blue Frog, What Donors WantI’m going to explain what your nonprofit should do to show donors you do, in fact, understand where they’re coming from.

Before taking any marketing message or fundraising appeal off your plate, and before adding anything new, always make sure to ask yourself these six important questions! They will help you assess almost any situation, plus focus your efforts and aid you in telling more relevant, compelling stories.

Let’s get started…

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