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Helping you win loyal friends through your communications

Fundraising Tuesday: If You Do Only One Thing in 2021…

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do one thing

Back when I was in college, a professor told our class, “If you read only one thing this semester, read this….”

He said it every week–about a different book!

Here's the one thing your nonprofit should do in 2021 to raise more money. Share on X

If You Do Only One Thing, Record Donations

I hope you had a great month of December, and the end-of-year donations poured in day after day. But…

Did you just deposit those checks in the bank and forget about them?

Did you just mark those online gifts in your bookkeeping system, so your accountant knows who gave what, but nobody else does?

Aha. Perhaps you made a list of donations, or even put them into a spreadsheet. Congratulations! Except–how easy will it be for you to find out:

  • who gave money in 2019 and not in 2020?
  • who gave more this year and who gave less?
  • who gave once a year, once a quarter, once a month?
  • who moved (or changed their email address) since the last time they made a donation?

Knowing these data will allow you to figure out which lapsed donors you need to try to win back, and which current donors might be candidates to give major gifts (or leave you money in their wills). It will keep you from sending out communications that never reach the people you want to feel appreciated and important.

Knowing these data will make more money for your nonprofit.

If you only do one thing in 2021, start recording your donor information in a donor database or CRM. Find one that works like you think, then use your new technology to make your relationship with your donors more personal. And by the way…

If You Do Only One Thing, Get to Know Your Donors

Good fundraising is relationship fundraising.

Yes, you might occasionally have a windfall. Your issue moves to the center of public attention and a bunch of people give money to you in the heat of the moment.

But for the long term, those people need to feel seen.

Donors don’t want to be the ATM on the wall you hit up when you’re short of cash. They don’t want to be one “dear friend” out of hundreds or thousands you address exactly the same way.

Donors want to know that you know them and value them. They are giving because they want to think of themselves as good people–and you can help them see themselves that way.

If you only do one thing in 2021, find out as much as you can about your donors. Don’t just send them a thank-you note–not even the ideal thank-you letter. That’s a one-way communication. Beyond the letter:

  1. Pick up the phone and call them. Ask them: what are they interested in? Why did they choose to give? What would they like to see happen as a result? (And record all that in your database!)
  2. Send them surveys, a couple of questions at a time, by email.
  3. Research your donors online. Find out what you can about their lives and interests outside of your organization.
  4. Take a look at your followers on social media. Which of them resemble your donors the most? (Those are your best prospects to become new donors!)

Getting to know your donors will let you segment your list into different audiences who care about different things. Recognizing your different audiences will let you send the right messages to the right people at the right time. And that means…

If You Do Only One Thing, Communicate!

Maybe you have a friend or a family member like this: you never see them. You never hear from them. Then one day, your phone rings, or your doorbell, and it’s them. You groan inside, because the only reason they ever show up is to ask for money.

You don’t want to be “that guy” to your donors. You need to show up for them between the times you ask.

If you have them in your database, you can be sure to send the mail or the email to the right address. And if you know which of your audiences they belong to, you can send them content that matters to them personally.

But even in a more broadcast format, like a newsletter or a social media platform, you can share stories, photos, facts, how-to’s, and other content that makes your donors (and prospective donors) glad to hear from you, every time.

If you only do one thing in 2021, communicate more often with your supporters. Aim for a newsletter every month, an email every week, a Facebook post every day, a tweet multiple times a day.

Does that sound like a lot of work? Yes, it is. But:

a) I can find out who your audiences are and what they want, by doing the research for you.

b) I can help you make the right decision about a database that will work for you and make your communications more powerful.

c) I can teach you to turn one story, photo, news article, or quotable quote into multiple ways to reach out and touch your donors.

d) I can show you ways to get the right kind of content delivered to your email inbox every day, so you can re-package it for your audiences.

If you do only one thing different in 2021, make that 'one thing' getting the help you deserve. Share on X

 

 

TY Thursday: How to Find AND KEEP Major Donors

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A guest post by Laura Rhodes of Third Sector Consulting

Laura Rhodes

Laura Rhodes

Major gift donors.

Every nonprofit wants them. But only the big nonprofits have them, right? Wrong!

I hear you saying, “We’re a small nonprofit. We don’t have big donors.” But you do.

Every Nonprofit Has Major Donors

When you hear the words “major gift,” what comes to mind? Six- or seven-figure donations?

Guess what? There’s not an industry-defined dollar amount for a major gift or a major donor. Instead, YOUR major donors are the individuals who give the most to your organization each year.

That means, for some organizations, a major donor might be someone who gives $500. Or $5,000. Or $50,000. Maybe even more.

MarketSmart did research on this very topic, asking How Big Is the Average Major Gift?  They found that most nonprofits define a major gift as one between $1,000 and $2,500. For some nonprofits in the study, the average major gift was less than $1,000. And for a very few, fortunate ones, the average major gift exceeded $1 million.

While the dollar amount of a “major gift” will vary from organization to organization, every nonprofit has them.

And that means YOU have major donors, too.

How Can You Identify Your Major Donors?

One size doesn’t fit all, when it comes to identifying a major gift or major donor.

Recently, an organization told me, “Any gift above $250 gets our attention.” For them, donors who give $250 and above are their major donors.

There are a few good ways to identify YOUR major donors. Start by thinking about your current donors and their past giving history.

  • What’s your highest gift to date? Clearly, that’s a major donor. Other high-dollar gifts? Yes, those are your major donors, too.
  • Another way to identify your top donors is to print a list of your donors and gift amounts. Look for natural clusters of gift amounts. Gifts in those top tier(s) are from your major donors.
  • Or, here’s a simple, more analytical approach. Print out your donor list, in descending order by gift size. Count the number of donors, then draw a line to mark the top 10%. Those are your major donors.

Why Do Major Donors Matter to Your Nonprofit?

I love nonprofitsYour major donors are the people who love you and your organization. And they show it by making larger than average donations.

You’ve probably heard of the 80/20 rule. It says that 80% of your results come from 20% of your activities.  In fundraising, it’s really a 90/10 rule. Studies show that 90% of your revenue comes from just 10% of your donors.

Let me say that again: 10% of your donors are responsible for 90% of your funding!

That’s why you need to know who your major donors are. Your top 10%.
You want to treat your major donors like the VIPs they are, so they’ll keep giving to your organization.

How Can You Keep Your Major Donors?

One way you can keep your major donors is by thanking this special group of donors very personally.

In a previous post for Thank You Thursday, I shared how A Personal Letter is Better Than a Personalized One.  In that post, I also encouraged you to handwrite as many personal notes as possible.

So start now. Grab a stack of note cards. Get your list of major donors. And get ready to write.

Start at the top of your major donor list. Handwrite one or two thank you notes a day, until you’ve written each of your major donors.

In each personal note, tell your donor how much her gift was appreciated. Tell her what her gift has accomplished. Tell her what meaningful changes have occurred as a result of her past support.

Follow this thank-and-report formula, and you’ll be well on your way to keeping more of your donors.

And when you keep more of your donors, you’ll raise more money for your nonprofit.

LIKE WHAT YOU READ HERE?

Check out these posts from the Let’s Talk Nonprofit blog:

How Your Thank You Letters Can Put More Money in the Bank

3 P’s of Better Thank Yous

3 Easy Ways to Show #DonorLove

P.S. If you liked this article, you can receive posts like these each month in your email. Topics include fundraising, grant writing, board development, and best practices.
Sign up today, join the conversation, and Let’s Talk Nonprofit.

 

TY Thursday: A Personal Letter is Better Than a Personalized One

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Laura Rhodes

Laura Rhodes

A guest post by Laura Rhodes, Third Sector Consulting

Are your thank you letters personalized, personal, or both?

Putting your donor’s name in the letter and referring to the gift amount? That’s personalization.

Thanking your donor for something specific that they did? That’s personal.

Let me give you a couple of examples of how I recently made some thank you letters personal. Then I’ll share some ways you can make your own thank you letters more personal, too.

You see, my thank you letter writing skills were put to the test late last year. My mother passed away in October.

While her death was unexpected, the outpouring of love and support that followed was not. As you might expect, our family received cards, calls, food, flowers and more after her passing. Many people sent memorial donations to her church and other charities.

It all added up to a lot of people who needed to be thanked, for a lot of different reasons.

Would it have been easier to send a generic thank you note, along the lines of “Our family appreciates your thoughtfulness during this difficult time.” Yes, absolutely.

Is that what I did? Absolutely not!

Just like your donors, my friends and family members are special people. And I wanted them to know that. To feel my genuine appreciation. To feel special when they received and read their thank you note.

So, for instance, in one letter to a friend, I told him how his was one of the first sympathy cards I received and how much his handwritten note meant to me. Then I thanked him for his memorial donation.

In a letter to one of my cousins, I told her that her hug was the very first one I received on the day of my Mom’s Celebration of Life and how it gave me strength. Then I thanked her for her family’s role in the service.

sympathy flowersAnd for the neighbor who couldn’t attend the Celebration, but sent flowers, I sent a picture of those flowers along with a copy of the service program. Then I thanked her for being with us in spirit that day.

 

I can hear you saying, “But that’s different. I don’t know my donors like that!”

You might be surprised at what you know about your donors. And with that information, you can make your thank you letters more personal.

First, pay attention to your donors’ giving habits.

For instance, did your donor make more than one gift this year? Did she give more this year than last? Has she given for 3, or 5, or 10 years in a row? Is she a first-time donor?

Acknowledge her gift, tell her that you noticed that it was an extra gift (or an increased gift, or a milestone gift, or a first-time gift, etc.). Then tell her what her donation will do and give a specific example of how it will make a difference.

Second, pay attention to your donors’ actions.

For instance, did she attend your fundraising event this year? Sponsor a table? Buy an auction item? Volunteer on a committee? Volunteer within your program?

You’re going to write a thank you whenever a donor makes a monetary contribution. When you do, look for and recognize the other ways that she supports your organization.

Making it personal is about letting your donor know that you noticed what she did. It also means telling her, very specifically, why her contribution (of time, talent, treasure or all three!) was meaningful.

One last tip to make your letters personal: Handwrite as many notes as possible.

In today’s digital age, where so much seems so impersonal, a handwritten note will stand out. Your donor will appreciate that you took the time to write. It shows that you really care.

At a minimum, pen a personal P.S. on your computer-printed thank you letter. Folks will read what’s handwritten, even if they don’t read the rest.

Bottom line: When you “Wow!” your donors with a prompt and personal thank you, you’ll be well on your way to giving your donors what they want – and what they deserve.

WANT MORE THANK YOU IDEAS?

Check out these posts from the Let’s Talk Nonprofit blog:

How Your Thank You Letter Can Put More Money in the Bank

Anatomy of a Stellar Thank You Letter

What a 10-Year-Old Can Teach You About Thanking Your Donors

P.S. If you liked this article, you can receive posts like these each month in your email. Topics include fundraising, grant writing, board development, and best practices.

Sign up today, join the conversation, and Let’s Talk Nonprofit.

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