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TY Thursday: How to Thank Recurring Donors

April 22, 2021 by Dennis Fischman Leave a Comment

Recurring donors are the ones who’ve agreed to donate every quarter, or every month. They know, like, and trust your nonprofit organization enough to let you charge their credit card or deduct from their bank account without getting their authorization every time.

That’s a huge gift–on top of the actual gift amount.

When you have monthly donors, 90% of the time they keep on giving, even when their initial pledge runs out. They are your most loyal supporters. Compare that to the less than 30% of first-time donors who typically renew, and you’ll see just how valuable they are!

Recurring donors give automatically. When you thank them, though, it should be anything but automatic. Share on X You need a deliberate and thoughtful approach to showing donor love to this special group.

A Thank-You Email to a Recurring Donor (Me)

For years, my wife and I have given to Boston Area Gleaners, which collects food that would otherwise go to waste and gets it to food pantries and other places for people in need. Last year, we decided to give $5 a month.

That’s not a huge amount, but it got a huge response. Take a look at the following email from the Gleaners.


Subject: Thank you for your monthly gifts

Thank recurring donorsDear Rona,

I hope that you and your loved ones are safe and well.

As a monthly donor for Boston Area Gleaners, we try not to bombard you with emails, but every few months we want to make sure that you hear from us to know how grateful we are for your ongoing donations and to hear a little about what your support allows us to do. While a lot of our focus over the past few months has been on raising the funds to secure a new home for the Gleaners, our daily operations also continue, and because of your support we are able to keep providing nutritious food to families in need.

As we just wrapped up our fiscal year, we have been reflecting on these past twelve months. The past year has been challenging for everyone, but particularly so for those who have been struggling to feed their families. With your help, we have been able to distribute over 8 million pounds of food to hunger relief agencies and other organizations on the front lines who are working in some of the hardest hit communities in the region. A significant amount of that distribution has happened in the last several months—our typical ‘offseason’—during which your support enabled us to set up new equipment, maintain operations, and continue packing food. According to recent data, food insecurity rates in Massachusetts are at an all time high. As the state starts to reopen, It is going to be critical that those who are experiencing food insecurity are not forgotten.

As the weather warms, we are looking forward to a busy gleaning season and to welcoming more volunteers into the fields again. The next few months are going to be busy for the Boston Area Gleaners team, but we hope to invite everyone to visit our new home soon.

Our monthly donors hold a special place in the heart of the organization, and we thank you for your unwavering faith in us. 

As always, please be well.

Usha Thakrar

Executive Director


What does this TY to recurring donors do right?

It says “Thank you” in the subject line.

It calls the donor by name.

It says because of you, and therefore, it makes the donor the hero of the story.

It sets expectations. As a monthly donor, I don’t need to get a TY just for the sake of the TY every month. But I do want to know that the organization is keeping me in mind, and that I will hear what my gift is accomplishing.

It uses photos effectively. Photos of people grab the eye and show the process of getting the food where it needs to go, at every step of the way. Photos of yummy-looking plants make the donors feel good about what they are giving: not just a check, a meal!

It reports back and looks forward.

What this TY to recurring donors could do better

The subject line needs to be more exciting if I’m going to open the email. (And all the good content in the email will be wasted if I don’t!)

The paragraphs need to be shorter if I’m going to read them. (Bold type helps break up the wall of text, but more paragraph breaks are needed!)

“We” needs to mean the organization and me–not just the organization. That’s putting me off, just when you mean to draw me in.

Ideally, the TY should include a call to action. NOT another request for money (the dreaded “thask”), but a chance to volunteer, or to pass word about the Gleaners to a friend…or just to like them on Facebook.

All in all, though, the Gleaners are doing a pretty good job of making sure that Rona and I will keep on giving monthly and stay in the magic circle of recurring donors.

How is your organization thanking the people who support you the most?

 

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Fundraising Tuesday: Home-Cook Your Fundraising

May 12, 2020 by Dennis Fischman Leave a Comment

Are you cooking at home a lot more at home since the pandemic began? I know I have been. I’ve been doing some basic recipes that are not a lot of work, but both tasty and filling, like this beer bread.

Beer bread

And I’ve also been taking ingredients I had on the shelf and in the freezer and combining them in new ways. Dried chickpeas and frozen spinach = chana masala.

Chana masala

Right now, your nonprofit should be home- cooking its fundraising.

Now is not the time for anything fancy. Go to the basics: the stuff you didn’t have time to do before the pandemic but that are on every nonprofit’s shelf.

  • Call your donors.
  • Write posts for your blog.
  • Update your website.
  • Listen to conversations on social media, and when you can add s0mething, chime in.

Those are your “beer bread” recipes. You know how to do them, and it’s been way too long since you baked them fresh.

Combine your ingredients in different ways.

  • You already have a database. Put together segments of supporters who care about the same thing, and write to them about what they care about.
  • You already have stories. Re-purpose the same content and use it ten different ways.
  • You already have ways donors can give online. Add ways they can give monthly, on the same site.

Those are your “chana masala” recipes. They look different from what you have been doing before, but they use the same ingredients you already have on hand.

Serve up some beer bread one day, some chana masala another day, and pretty soon your donors will be talking up your organization to their friends! Because let’s face it, nothing tastes as good as somebody else’s home cooking.

P.S. If you want some tips for tasty fundraising–or the recipes for these two dishes!–email me at [email protected].

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Fundraising Tuesday: Make It Convenient to Give

June 25, 2019 by Dennis Fischman Leave a Comment

write checkA reader asked:

Why might one give to a charity online when a check costs the charity less money to process?

Now, that is a good question–and a thoughtful donor! Yes, the nonprofit organization you want to help will get and keep more of your donation if you send a check. Why?

The companies that process online donations (by credit card, Paypal, etc.) don’t do it out of the goodness of their hearts. They charge the nonprofit a percentage of each gift. When you donate to your favorite charity, Aardvarks for Peace, the aardvarks get more of it if you write a check than if you give online.

Why Nonprofits Welcome Online Gifts

online donationEven if it costs them a little bit more, nonprofits should welcome online gifts.

Some donors do all their business online.

If you ask them to write a check, they’ll look at you aghast and then give their donation to some other nonprofit.

Most donors find online gifts more convenient.

If the donor is suddenly struck with the urge to donate, it takes less time to go the organization’s website, find the donation page, type in credit card information, and hit send than it would to take out the checkbook, find a pen, write the check, record it in a check register, stuff, seal, and stamp the envelope, and dump it in the mail.

Monthly donors find online MUCH more convenient–and you want monthly donors!

Imagine writing a check every single month. Now, imagine setting up a monthly donation online that will go out automatically. Which is more convenient for the donor? There’s no comparison.

And you want to encourage people who have already shown some commitment to your nonprofit to solidify that commitment by becoming monthly donors.

About 90% of monthly donors renew their donation the next year. That solves a big problem for your nonprofit.

  • If a donor gave to you once last year and not at all since then, the chances are less than 30% that they will renew.
  • Even if they gave to you two years running, the statistics show that only about 60% will renew the third time. That means you’re losing something like one donor out of three!
  • Monthly donors are your most loyal supporters. Thank them over and over, communicate their success, and you may keep them forever. Their lifetime value will far exceed any fees you pay for accepting donations online!

Do you want to make your online donations page produce more gifts? Do you need a strategy for creating “forever donors”? Email me and let’s set up a time to talk.

 

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