Nov12021
Sign: Thank You! You Are Essential

13 Top Secrets of Donor Thank You Letters Revealed

Sign: Thank You! You Are EssentialWhat do you spend more time on? Asking or thanking?

The lion’s share of nonprofits spend more time asking. It’s a BIG mistake. Don’t get me wrong.  I’m not here to shame or blame you. Of course you have to ask. The number one reason people don’t give is they aren’t asked. And …

The number one reason donors don’t give again is they aren’t properly thanked!

Believe me, most donors aren’t sticking around. Your own retention rates may be better or worse than average (do you know them?), but generally only 19% of new donors give again. For ongoing donors, it’s just 45%.

The time to nip this in the bud is now.

Did you know a study from Charity Dynamics and NTEN found 21% of donors say they were never thanked at all? My hunch is some of these supporters did receive something from you, but it was so perfunctory they didn’t really take notice. Maybe you just send a receipt. Or took them to a thank you landing page; then called it a day. Or maybe they received a brief, formal email that confirmed the gift, but didn’t make them feel particularly special.

If you don’t have a killer thank you letter prepared to send to the folks you hope will be giving to you between today and the end of the year, now is the time to right this wrong.

If you thank well you’ll see retention rates increase significantly.

In fact, research from Penelope Burk, author of Donor-Centered Fundraising, found 70% of donors reported they would increase their giving if they received what they needed from you.

Brilliant, warm, authentic, personal communication stands out and leads to renewals. And this is a much less expensive strategy than new donor acquisition, which costs from $1 to $1.25 to raise a dollar. Whereas renewing a donor costs only 20 cents on the dollar.

By now you may be thinking: Sounds good, but how do we stand out? There must be some specific strategies that incline donors towards giving again, but what are they?

Today I share my top secrets with you. They’re simple and foolproof.

Ready?

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Oct252021

7 Magic Words that Increase Charitable Donations

You’ve still got time to sprinkle a little magic into your year-end fundraising!

Consider each of these seven words a magic potion unto themselves.

  1. You
  2. Because
  3. Thanks
  4. Small
  5. Immediate
  6. Expert
  7. Support

The more of these words you use, the more powerful a spell your appeal will cast.

Each of these packs a bigger persuasive punch than you might imagine.

Let’s take a closer look at how this works.

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Oct212021
chocolate-love-you-melting-300x225.jpg

Securing Matching Gifts: What Your Nonprofit Needs to Know

You drop your quarters into the slot, tap a couple of buttons, and the machine gives you two candy bars for the price of one. Hallelujah! You’re rich!

The concept of matching gifts works just like that vending machine.

You get twice the money at no additional cost to your donors.

Think of it this way: If someone offered to give your organization free contributions each time someone donated, would you say yes? Of course!

But where is all the free extra money coming from?

The extra “free” money comes from corporations!

Over the past several years, social responsibility has become a phenomenon that’s taken over the for-profit and nonprofit sectors alike. Corporations have quickly become aware of their responsibility to do good in their communities. Each day, more companies are building their initiatives to include new programs to support their employees’ philanthropic efforts. Among these programs are matching gifts that empower donors to double, triple, or sometimes quadruple their gifts to eligible nonprofits.

Here’s what’s new: the digital revolution has made it incredibly easy to determine eligibility and submit match requests.

Here’s what’s sad: a mere 7% of donors at companies with matching gift programs actually submit a request. That equates to more than $4-7 billion in unclaimed revenue every single year, according to recent matching gift studies.

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