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Fundraising Tuesday: 3 Ways to Ask for Monthly Donations

October 12, 2021 by Dennis Fischman Leave a Comment

There’s every reason your nonprofit should ask donors to make monthly donations. Monthly donors:

Give more. As Sarah Fergusson points out, “Many moderate donors make great candidates for your monthly giving program. For instance, a donor who gives $100 per year may not have the capacity to become a major donor who gives upwards of $1,000 annually. However, they might be able to give $10 a month, increasing your nonprofit’s yearly earnings by $20.” Multiply that by a lot of $100 donors and it adds up!

Keep on giving. Monthly donors rarely become lapsed donors. They renew from year to year. According to Network for Good, Monthly giving programs typically enjoy retention rates over 80% after one year and 95% after five years.

Make additional gifts. People who give monthly donations are among your most loyal supporters. So, as Amy Eisenstein says, “Donors give at modest levels for recurring gifts and at much higher levels for special, occasional projects.”

Contribute a huge amount over a lifetime.  Consider this information from monthly giving expert Erica Waasdorp:

Right now, the average recurring donor gives between $24 and $36 a month—that’s $288 to $432 per year! Just think, if they keep giving monthly for 5 years, that’s $1,440 to $2,160. Starting to get really interesting, right?

And that’s not even considering that people who give monthly donations are the most likely group to leave you something in their will!

How Do You Ask for Monthly Donations?

Let’s say you’re convinced that asking donors to give every month is a good thing for your nonprofit–but, you’ve never done it before. How do you begin?

A quick look at my mailbox give us three different ways to ask.

In the postscript

My wife and I support RESPOND, an organization based in Somerville, MA working to end domestic violence. At the end of a fundraising appeal, Jessica Brayden, the CEO of RESPOND, asked us:

P.S. Have you thought about becoming a monthly donor? The sustaining support we received from our monthly donors throughout the Covid-1i pandemic has given us the flexibility to meet the changing and growing needs of survivors. Visit respondinc.org/donate to get started!

What’s great about using this method is that people read postscripts. The P.S. is often the first thing donors look at in your appeal letter–after their own name! So, if you use the P.S. to make it quick and easy to sign up for monthly donations, chances are you will get them.

On a buckslip

You’ve seen those little extra enclosures that some nonprofits tuck into their fundraising appeals, right? The technical term for that piece of paper is a buckslip. It’s called that because historically, it was the size of a dollar bill. No matter what size it is, it can make you big bucks–if you use it to ask for monthly donations.

That’s what Greater Boston PFLAG did. The buckslip they enclosed with their fundraising appeal is 8″ x 5″, it’s entitled OTHER WAYS TO GIVE, and it includes too many things to my mind: Employer Matching Gifts, Bequests, IRA Charitable Rollover, to name a few. But crucially, it tells me:

Monthly Giving

Your monthly gift to Greater Boston PFLAG provides reliable support for our year-round work to create a safe, inclusive, welcoming society for LGBTQ+ people. Check the relevant box on reverse side to give monthly. You can cancel at any time.

In a separate appeal

Does your nonprofit have long-time, loyal supporters? The kind you know will give every year, or twice a year, without fail? These are people who care about your mission. They may be actually looking for more ways to support what you do!

A special appeal letter may be just the right approach to ask these dedicated supporters to start giving monthly donations.

Planned Parenthood took just that approach to ask my wife and me to become monthly donors. Look at what they did:

  • Used an unusual size envelope (so it wouldn’t look like regular mail)
  • Printed this message on the front of the envelope: “Your Exclusive Invitation Enclosed”
  • Explained the program in a letter that called us “supporters who have demonstrated an extraordinary commitment.” (Gee, they noticed!)
  • Included a separate note from the President and CEO
  • Branded every piece of paper with the words “Monthly Giving Program”–even the reply envelope!

If a donor is giving for the first time, or the second, it’s possible you might want to take a softer approach. The postscript or the buckslip might introduce them to the idea (and some people will accept that introduction right away).

However, if you know that Rona and Dennis Fischman (or a donor on your list) stands with you, has your back, and is in it for the long haul, you should ask them directly to start giving monthly donations. By asking, you are recognizing–and deepening–the special relationship they already have with your nonprofit.

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Fundraising Tuesday: What’s Next For Digital FR? 3 Keys for the Future

August 17, 2021 by Dennis Fischman Leave a Comment

A guest post by Sarah Fergusson of Cornershop Creative

As we move into the second half of 2021, it’s starting to become clear which trends are here to stay. Digital fundraising and marketing have become necessary for most nonprofits. Even non-fundraising experts say establishing an online presence is a smart move.

Fundraising professionals might be aware of how other nonprofits have found success but be unsure if they can replicate those results without knowing why certain strategies worked. In many cases, it’s easier to point out the keys to future development after the data has been collected than navigate the cutting edge of new trends.

To help your nonprofit understand how to advance your digital fundraising campaign, this article will discuss three key trends that are likely to bring the positive change your nonprofit is looking for:

  1. Focus on moderate donors.
  2. Host online and hybrid events.
  3. Apply SEO best practices.

1. Focus on moderate donors.

Not every supporter has the capacity to become a major donor. Major donors often contribute a large percentage of a nonprofit’s donation revenue. However, this doesn’t mean you should let your other donors go neglected. Many nonprofits have improved their overall fundraising by focusing on growing their moderate donors.

Moderate donors provide what could be considered average donations to your nonprofit. Over time, these donors have the potential to increase their donations significantly by:

  • Becoming monthly donors. Many moderate donors make great candidates for your monthly giving program. For instance, a donor who gives $100 per year may not have the capacity to become a major donor who gives upwards of $1,000 annually. However, they might be able to give $10 a month, increasing your nonprofit’s yearly earnings by $20. Of course, no matter how much they’re able to give, be sure to maintain your relationships with recurring donors by thanking them regularly.


  • Donating planned gifts. While moderate donors may not be able to give in large quantities now, they might be able to do so later on in life. Planned gifts allow otherwise modest donors to make large one-time contributions to nonprofits they have a strong connection with.


  • Helping your nonprofit make connections. As Double the Donation’s prospect research guide explains, some donors may have business affiliations that your nonprofit can leverage to earn increased giving. A moderate donor may not have the capacity to make a major donation themselves, but they might be able to help your nonprofit establish an in-office giving program at their place of employment.

Use your CRM to identify your moderate donors, then reach out to them about the ways they can expand their giving potential. From there, use your prospecting tools and collected data to create a personalized donor experience. Building connections with many moderate donors can be your nonprofit’s first step towards creating a successful recurring giving, planned giving, or workplace giving program.

2. Host online and hybrid events.

While social distancing made online events a necessity, moving into the latter half of 2021, these events are still here to stay. For many of your supporters, hybrid and online events provide more opportunities for getting involved and are a welcome addition to fundraising calendars.

Online and hybrid events might lack a face-to-face component, but you can still use your technology to build connections by:

  • Live-streaming events. Make sure all of your donors can participate in your events, whether they’re attending in person or from home. Live-streaming lets your donors connect with your event right when it’s happening, no matter where they are. Plus, a live-stream chat lets them stay connected and participate in your events’ discussions and presentations.


  • Using custom software. Use hybrid and online events as a chance to get creative with how you engage donors. Get in touch with a nonprofit software developer to build custom, interactive tools that can accompany your events. For example, you might develop a unique mobile app to let donors stay in touch while on-the-go.

 

  • Tracking donor data. You can gather data on your donors from in-person and online events. However, there are a few data points unique to online gatherings. For instance, you might monitor where your donors are tuning in from to help gauge your nonprofit’s overall reach or get a sense of where your supporters are localized.

Whether online or in-person, events can also earn your nonprofit additional donations. When your event ends, ask your volunteers to check if they’re eligible for a grant. Volunteer grants are donations made by your volunteers’ employers. Most volunteer grant programs require volunteers to work a specific number of hours, so make sure to keep a log of your volunteers’ time.

3. Apply SEO best practices.

Most professionals working at organizations that operate online have heard about search engine optimization and likely understand that it’s important. While most major search engines keep the specifics of what makes a page rank highly under lock and key, nonprofits can still improve their website’s organic traffic by following a few proven SEO strategies:

  • Leverage location data. Search engines take location data into account, which means that your nonprofit is more likely to come up in the search results for locals in your area. Make sure to fill out your location data and provide relevant information about where you are located to appeal to supporters who live nearby.


  • Make your website accessible. Increasing your website’s usability also increases its likelihood to rank high on a search results page. Add alternative text to your images, and make sure your links are marked by indicative text rather than generic “click heres.”


  • Target specific keywords. If you’ve ever searched for “nonprofits” or “charities,” the results have likely been for major websites such as Wikipedia and Facebook. While your nonprofit may not have much luck competing against these digital giants, you can find success by targeting keywords directly related to your nonprofit. For example, an animal shelter will likely find more success by focusing on keywords such as “[your state] no-kill animal shelters” rather than “animal shelter.”

Most nonprofit fundraising professionals can implement basic SEO best practices without being experts in web design and marketing. If your nonprofit’s leadership wants to take your digital marketing to the next level, consider seeking out a consultant.

Not every digital marketing consultant follows the same practices. Cornershop Creative’s guide to nonprofit consultants showcases the wide range of consulting options available. Compare your options and send a request for proposal before signing up with a firm.

 


Sarah Fergusson – Director of Digital Strategy at Cornershop Creative

Sarah Fergusson digital mavenSelf-described as a “non-profit junkie,” Sarah has dedicated her career to serving the needs of the non-profit sector. Her project management experience spans a variety of non-profit management disciplines including strategic planning, community engagement, capacity building, fundraising and research. She has worked both in and for the non-profit sector at the Feminist Majority Foundation, the Sadie Nash Leadership Project, and the consulting firms The Lee Institute and The Curtis Group.

With her ever expanding non-profit tool belt, Sarah joined Cornershop Creative to tap into her techie, creative side, while developing meaningful partnerships with her clients to help them more effectively achieve their goals.

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