8 Reasons to Start a Nonprofit Monthly Giving Program NOW

One of the key annual fundraising strategies I recommend you add (or rev up) this year is monthly giving.

It’s one of the best ways I know to move the needle in improving your mid-level giving program, and to also serve as a pipeline to acquire new donors, upgrade current donors, and influence major and legacy giving.

To help you persuade your “powers that be” this is a direction in which you should definitely be headed, I’ve invited Erica Waasdorp, pre-eminent monthly giving guru, to write a guest article on this topic. Take it away Erica!

If you don’t have a monthly donor program yet, I highly recommend you start as soon as you possibly can.

This afternoon or first thing tomorrow would be good!

Let me share with you 8 reasons why.

Details
2 CommentsAnnual Giving

Why Creating Donor Engagement Opportunities Boosts Fundraising

I wish I had a dime for every time a nonprofit board or staff member told me “We’re the best kept secret in town; if people knew what we do, they’d give to support us.”

If I had all those dimes, I could make a nice contribution to your cause.  That is, if…

  • You endeavored to learn a little bit about me,
  • You engaged me personally,
  • Then you asked me.

You see, merely “building awareness” will not ipso facto raise more money for your cause.

Just because I care about something, and somehow learn you are involved in doing something about that thing, doesn’t mean I’m going to support you financially.

Why should I?  There are a lot of good causes out there, and making a decision to invest in you is something I need to act on.

I’m busy.  I’m overloaded with information. And inertia is just too powerful a force.

Details
5 CommentsAnnual Giving
a cup of coffee a la heart

Why Would a Donor Give to Your Charity?

“People do not give to the most urgent needs, but rather they support causes that mean something to them.”

This is the finding from a report done by the Centre for Charitable Giving and Philanthropy at the University of Kent: “How Donor Choose Charities.”  They begin their study from the widely-accepted premise that charities exist primarily to help needy people and the desire to meet needs is a key criterion in the selection of charitable beneficiaries. Interviews with committed donors found this was not the reason they gave. In brief, the study concludes:

Giving and philanthropy have always been supply-led rather than demand-driven: the freedom to distribute as much as one wants, to whom one chooses, is what distinguishes giving from paying tax. Yet the methods used to encourage donations tend to assume that philanthropy depends on objective assessments of need rather than on donors’ enthusiasms. The tendency to overestimate the extent to which people act as rational agents results in fundraising literature that often focuses on the dimensions and urgency of the problem for which funding is sought. The assumption underlying this approach is that donations are distributed in relation to evidence of neediness, when in fact much giving could be described as ‘taste-based’ rather than ‘needs-based’.

If there was ever a time to commit to finding out more about the folks on your mailing list so you know what floats their boats, this report indicates that time is decidedly NOW. Otherwise, you’re just ‘spraying and praying’ as you buy into the conceit that “if only” folks knew about the need we address they would give.  Because they “should.” That’s not why folks give.

In fact, the study cites four criteria that influenced donor decision making, and they are not based on meeting your or your clients’ needs.

Details
5 CommentsAnnual Giving
monthly calendar

Top 10 Nonprofit Monthly Recurring Gift Strategies

If a monthly giving program is not one of your key strategic annual fundraising strategies, this is the year you should add it to your development work plan.

Why?

It’s your secret to being sustainable, short-and long-term. Because recurring donors give more and stay more loyal over time.

These donors can become a reliable source of predictable annual revenue that minimizes stress and uncertainty.

This is something you should seriously consider, don’t you think?

And it’s really not rocket science.  It’s something you can and should do. And I’m about to give you a step-by-step process to help you maximize your annual contribution revenues.

Should you have any doubt that this will yield impressive results, take a look at

Details
2 CommentsAnnual Giving
Small-gifts-210x300.jpg

Don’t Eschew Small Gift Affinity Fundraising

Did I ever tell you about the fortuitous happenstance that taught me about the power of small gift fundraising? A few years ago I went to research something online. Not surprisingly, I ended up viewing the first entry Google gave me – which was on Wikipedia.

As luck would have it, and to my delight, I ran into an awesome fundraising campaign. [This is an occupational hazard with fundraisers. We actually like and admire things like pledge breaks when they’re done well!]

Here’s what I found superimposed at the top of the screen:

DEAR WIKIPEDIA READERS: To protect our independence, we’ll never run ads. We take no government funds. We survive on donations averaging about $15. Now is the time we ask. If everyone reading this right now gave $3, our fundraiser would be done within an hour. We’re a small non-profit with costs of a top 5 website: servers, staff and programs. If Wikipedia is useful to you, take one minute to keep it online and ad-free another year. Please help us forget fundraising and get back to Wikipedia. Thank you.

I was then given the option to make a one-time gift of $3, $5, $30 or $50, or a monthly gift of $10, $20, $100 or other.

It’s not all about major gifts for everyone.

The Wikipedia campaign serves as a great reminder. Even though many nonprofits survive by the grace of 3% of their donors providing 97% of their contributed income (or something closer to the 80/20 rule) there are indeed nonprofits that are exceptions to this rule

Details
1 CommentAnnual Giving
Event guests wearing masks

Nonprofit Event Fundraising Part 2: They’ll Never Forget How You Made Them Feel

In Part 1 we looked at establishing event goals and objectives; then determining if an event was the most efficient and effective way to achieve desired outcomes.

We recognized most events are less about actual monetary return on investment (ROI) than they are about return on engagement (ROE).

In other words, if you’re doing an event purely to raise money there are other more cost-effective fundraising strategies. However, events done right are an excellent awareness-raising, branding and donor cultivation tool. You just have to go into events fully cognizant of what success will look like, both from your organization’s and your donor’s perspectives.  Only armed with this understanding can you create events that will be worth your while.

Today we look at ways to make events – once you’ve decided to hold them – fulfill both your and your donors’ dreams.

Details
1 CommentAnnual Giving
marathon event

Nonprofit Event Fundraising Part 1: What’s the Point?

Do you think of your nonprofit event as a “fund raiser” or a “donor cultivation experience?”

The simple, obvious answer, of course, is that a good event is both.

In practice, however, successful event fundraising – galas and sport events and auctions that are worth the effort — is not this simple.

So let me ask this question another way:

What is your number one goal with your special event?

Think about this carefully for a moment. There can be a lot of reasons, good and not-so-good, for embarking on this admittedly resource-intensive strategy.  Do your ends justify your means?

Details
4 CommentsAnnual Giving
Mail-email-300x250.jpg

How Often Should You Mail to Your Nonprofit Donors?

I decided to write this post due to the number of times nonprofits ask me “How often should we mail to our donors?” The corollary question is “How often can we ask people to give?”

The answer?

Well… if there was one quick answer I wouldn’t have needed to write a whole article. I’d just have given you a headline with a definitive response!

I know you want a definite answer.

And I could give you one. But it wouldn’t be the truth. Because the truth is different for every nonprofit. And the truth will even be different for your nonprofit at different points in your life cycle.

There are two definitive things I can tell you:

Details
6 CommentsAnnual Giving
Magician performing

4 More Magic Words that Increase Charitable Donations

In a recent article I gave you the “Holy Trinity” of fundraising success:

You, Because and Thanks.

Those are essential ingredients for any fundraising appeal.

Today I’m going to give you four more magic words:

Small, Immediate, Expert and Support.

Each of these packs a bigger punch than you might imagine, and tends to persuade folks on the fence to jump right off and land in your court.

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

Details
4 CommentsAnnual Giving