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TY Thursday: The Great New Idea that Will Raise More Money

July 7, 2022 by Dennis Fischman Leave a Comment

Is your nonprofit looking for a new idea on how to do fundraising? I’ve got one for you.

What is it? Should you spend your time and money on a revamped website? Or get on TikTok? Should you add a chatbot to your Facebook page, or start texting all your donors and prospects?

That’s not it. That’s not the kind of new idea I’m talking about.

magpie sitting on bright shiny objectsChasing the latest piece of technology is a distraction. It’s what they call Bright Shiny Object Syndrome. Unless you are a magpie, you should avoid that!

So what is this great new idea? It’s thanking your donors.

Apparently, that is a new idea for a lot of nonprofits, because they aren’t doing it–or not very well!

Six ways to thank your donors poorly

If you want your thanks to have no meaning, and no effect on your fundraising, here is an idea of what doesn’t work:

  1. Not thanking them at all. (I’m a donor, and yes, this still happens!)
  2. Letting  an automated system send out a thank-you email that sounds like it was written by a robot.
  3. Having that email acknowledgement of the donation be the only “thanks” they get before you ask for money again.
  4. Sending a written thank-you letter that reads like a tax form.
  5. Mailing a more personal thank-you letter that asks for another gift right away (the dreaded “thask”).
  6. Mailing a good thank-you letter–even the ideal thanks–as a “one and done.”

A Thank-You Plan? Now, There’s an Idea!

If you really want to make friends, influence people, keep your donors and increase their lifetime giving to your organization, thanking donors well and often is the most important thing you can do. It cannot be haphazard. You will need a plan.

Here are some steps you can take that will make donors feel your gratitude.

First, edit that auto-response to the donor so it sounds like a person-to-person communication. (If your system won’t let you do that, get another system!)

Second, change your language from “We can’t do it without you” to “Thanks! Here’s what you did, by giving.” (Make the donor the hero.)

Third, have your written thanks go out in the mail within 48 hours of receiving the donation. That means having the ED, the Director of Development, or a Board member on call to sign and personalize the outgoing letters–during the busiest seasons, they should do it every day!

Fourth, invite them to take follow-up steps that get them more involved with the organization that do not involve giving more money. Ask them to follow you on social media, or sign up for your newsletter, to sign a petition or show up for an event.

Fifth, communicate, communicate, communicate! Make sure they never ask “Just what difference did it make when I gave to that organization?” without readily knowing the answer.

Sixth, put your thanks on your communications calendar. Not only will the donors be happy to hear from you, but it will make your day, too!

 

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TY Thursday: Thank Like a Human

May 5, 2022 by Dennis Fischman Leave a Comment

Did you make donations online at the end of last year? If so, you probably saw a lot of email acknowledgments arrive in your inbox, automatically.

How many of these so-called thanks sounded like they were written by an automaton?

Most of the emails I received in response to my donation sounded that way. And for the nonprofits I gave to, it’s a missed opportunity.

A Donation is Part of a Relationship

Automation is a great labor-saving device. It means that a lot of fundraisers could celebrate New Year’s Day instead of working on Sunday and the holiday. But consider: how does it work for the donor?

First-time donors

bad dateWhen a donor gives to your organization for the first time, it’s like agreeing to a first date. Immediately, they wonder:

“Did I do the right thing? Do we have as much in common as I hoped we did? Am I going to be sorry I gave, or will it lead to something that can last?”

So imagine going out on a first date and hearing, “Thank you for agreeing to see me on December 29, for a dinner that cost $36.52. Your company for the evening meant a lot to me.”

Not very romantic, is it? And your date probably says that to everyone! So, there’s a good chance that first date–or first-time donation–will be the last.

Renewal donors

breakfast coupleGetting an impersonal message can be even more off-putting to the donor who’s been giving for years.

Imagine a loyal supporter of your organization. She has come to events, contributed items for your silent auction, and told her friends about you. This year, she has given her biggest donation ever, online, using her credit card. And what she got back from you was the same automaton response as everybody else.

It’s as if she’s sitting across the table from you at breakfast smiling because she’s left a present by your plate, and she says, “Happy anniversary, my love.” And you say, “Thank you. Please pass the salt”!

Nonprofits, we can do better than that.

Thanks! Auto-Responses that Show the Love

I want to give credit where credit is due. It takes some work to set up an automatic email to go out as soon as a donation comes in. And it’s better than nothing. Plus, some organizations write the ideal thank-you letter and send it in the mail.

But with just a little more effort, your nonprofit can thank donors like you mean it from the very first email you send. Here are good, better, and best ways of revising your automatic email to donors.

Good: Remind the donor what you do.

On the face of it, that seems silly. They just gave to you, right? They should know what you do! But you may be on their list from last year, and in any case, they may need a reminder before the memory fades. Give them the gift of a reminder.

Example–the Children’s Room in Arlington, MA says:

Your generosity supports our work with children, teens, and families who are coping with the death of an immediate family member, and the educators and professionals who seek to help them.

Better: tell the donor what their donation will do. Make the donor the hero.

Example–MADRE tells me:

Your gift enables women to provide food, shelter, emergency medical care and other critical resources for their families and communities. You give women the tools to build new skills and step up as leaders. And your dedication trains grassroots women to demand justice, and advocate for policies, locally and globally, that protect women’s rights.

Best: add a story.

Don’t just tell your donors they make a difference. Show them how they matter.

Share with them a story about one person (and possibly their family) in trouble, who is already better off “because you helped.”

So far, I am not seeing any of my favorite nonprofits tell stories in their automatic thank-you, and that’s a shame. But for your nonprofit, it’s an opportunity. Be the first one to add a story, and your donors will remember.

Using the Right Tools to Be More Human When You Thank

No matter what tool you’re using to acknowledge gifts, there’s a way to edit the acknowledgment. Before last year fades into memory, please take some time to edit it right now.

Whether you use the good, better, or best models above, you can certainly make your first response to a donor something that sounds like it came from a human being. When you’re done, it can be something you’re proud for your friends to receive!

And if the tool you’re using doesn’t give you enough room to tell a good story? Then this is the year to get another tool. The time you spend now will turn into happier donors this coming December…and forever

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TY Thursday: Your Favorite Posts of 2021

January 13, 2022 by Dennis Fischman Leave a Comment

Thanking your first-time donors turns them into repeat donors.

Thanking your repeat donors turns them into loyal supporters.

Thanking your loyal supporters makes the lifetime value of their donations multiply. It’s the most important thing you can do to improve your fundraising!

Here are your favorite posts from 2021 about expressing an attitude of gratitude and #DonorLove. Please write me back and tell me which of these you are going to put into practice in 2022!

TY Thursday: How to Thank Recurring Donors

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

TY Thursday: Your Board Will Thank You for Doing This

Getting thanked by a Board member helps donors think, “I made a good decision when I gave.” But it helps your Board of Directors, too.

TY Thursday: A Toast to You, Generous Donor!

The essence of a toast is not the liquid you drink. It’s the words you say. What can you say to make your donors feel extra special–right now?

TY Thursday: Thank You, Donor–You’re Welcome!

A welcome kit (also called a packet or package) tells the donor, “You matter to us. You’re not just a cash cow. We’re in this together for the long haul.” What should go into a welcome kit?

TY Thursday: The Ideal Thank-You Letter

I have seen the ideal appeal letter.  I haven’t yet seen the ideal thank-you letter.  But it went out today.  Did you send it?

 

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