… You’d think that every organization by now would be convinced that there are donors who are interested in supporting your organization by joining a sustainer program. … You’d think the tremendous feeling of excitement that these wonderful sustainers generate would permeate your organization. Well, unfortunately, that’s not always the case. Sometimes, it’s the “financial folks,” “the bean counters” who are holding things up. They...
How to Create a Smooth Monthly Giving ‘Drive’
I still come across many organizations that are actively trying to grow their monthly giving program, but they’re not sure who’s “running the show.” Nobody feels responsible. People wait until someone comes up with the next idea. Some think they only need to be focused on one aspect of monthly giving. Nobody is taking control of the whole process. Until those self-driving cars become a reality, just like with a car, you must have a driver. And...
What to Do When Your Monthly Donors Click and Leave?
This problem doesn’t just occur with monthly donors, but with all donors. That last step, finishing the donation is the key. But often, the donor clicks through. They’re ready to make a gift, but for some mysterious reason, they leave. They never finish the donation. What can you do? Should you just let that donor go? I say, not necessarily so. I say, use that opportunity to get feedback from your donor to help you improve future donor giving....
3 Crucial Steps to Converting Rage Donors to Long-Term Supporters (and 3 Bonus Steps)
You’ve probably heard about the latest trend in donors, called rage donors. In a way, these have been around for years, but they used to be called “disaster donors.” Donors were often called “episodic” donors. Donors who only give at the moment of disaster, at the moment of “rage,” when something is really “hot” in the media, and people feel totally compelled to do something about it. And if there’s an organization, a group of individuals or...
Are You a Monthly Donor Yet?
At a workshop last week, I asked the question: “Are you giving monthly to your own organization?” I was expecting everybody’s hand to go up. But boy, was I unpleasantly surprised! Out of the 52 people in the room, only eight people raised their hand. Fortunately, a few days later at another presentation, it was almost the whole room. So, my first recommendation if you’re looking to grow your number of monthly donors is to join your own program...
That Dreaded Credit Card Fraud Alert
There it was: a text and an email message from my credit card company. Someone was trying to use my card in a different state! I had traveled there the week before and stopped at one of those travel plazas to fill up my car. Maybe that’s where it happened. How on earth somebody got ahold of my card information from my wallet and worse—was able to use it—is beyond me. Something must have set off this alert because the credit card was not...
When Monthly Donors Want More…
Donors are fascinating people; and monthly donors, at times, even more so. If you’ve been following me for a while, you’ll know that one of my recommendations is to invite your monthly donors to events. Some may wish to attend, and, even if they don’t come, it will make them feel special. But at times, you give a donor a finger, and they’ll want your whole hand. Here’s an example based upon a recent question during one of my monthly donor...
Can You Ask College Alumni to Become Monthly Donors?
It’s graduation time! It makes me think back of our boys graduating from college, who are now college alumni. Our youngest son went to Cape Cod Community College for the first two years and then graduated from Belmont University in Nashville. It’s a great campus, a terrific school and a great city to live in and visit. While he’s been on his own for a few years, he’s moving around a fair bit, and we receive his Belmont mail here at the house....
What Do Monthly Donors Really Think About Giving?
As you may know, Penelope Burk does some tremendous research on donors thinking and behavior. From her 2017 report, I was particularly pleased to see the tremendous move from donors with the focus on monthly giving, especially for younger donors. I reported on this before. As a follow up, Penelope recently wrote a blog about what donors are thinking, especially pertaining to disaster giving. Disaster donors are slightly different from other...
Monthly Giving Samples: Blasts From the Past
I never think of myself as a pack rat; but when it comes to fundraising, that’s exactly what I had become. So this past week, I took some time to go through old magazines and boxes of direct mail and, in particular, monthly giving samples. Sustainer trends and research; extra appeals and sustainer upgrades; thank you letters; stewardship newsletters; sustainer reminders; conversion packages. I still have a few more to scan in, but if you’re...
Top 3 Ways to Steward Monthly Donors
The other day, one of my clients mentioned that she has been giving $10 a month to an organization for three years. She signed up on the street, and that was that—no phone call, no thank-you letter, no email, no newsletter, no anything. Well, after this had been going on for three years, she called them up and said: “Enough is enough. While $10 a month is not a big amount, it’s all I can afford right now. I’m going to cancel because, clearly,...
2018 M&R Study: Monthly Giving Revenue Up 40 Percent
I may have mentioned before that there really are not that many trend statistics tracking monthly giving revenue. For individual organizations, there are some wonderful analytics companies to look at trends and compare against their other clients, but that information is not publicly available. The only available stats I know of are: For small organizations (raising $2 million or less): the “Individual Donor Benchmarking Study,” but...
What’s Your Measuring Stick for Monthly Donor Success?
I’m currently working on the analysis for a big national organization’s sustainer direct mail campaigns. One of the things we needed to settle on first was what they thought was important in measuring their monthly donor success. As you know, monthly gifts are typically small. So, if you only look at the first monthly gifts and possible one-time donations that came in from those donors who are not yet ready to give monthly, you’re not doing...
Donors and Nonprofits Need To Budget for Effective Giving
Many organizations are in the process of budgeting for their next fiscal year. Here’s a guest blog from Chrissy Reynolds who wrote a great post on how important it is for both organizations AND donors to budget their donations. That fits nicely with monthly giving, don’t you think? Donations to the non-profit sector for charitable causes grew by an estimated 3.6% in 2017 and is expected to increase to 3.8% this year. Many charities, foundations...
How Nonprofits Should Act More like Businesses and Need the Management Focus
Here’s a guest blog where it’s all about the business focus for nonprofits. Somethings that’s very important when it comes to monthly giving. Once organizations see the power of those small donors, they’ll be more likely to focus on it more. As you know, nonprofit organizations are playing the positive role in the betterment of communities. Non-profit organizations are similar to for-profit organizations because they also need money to achieve...
Do You Support Monthly Giving?
You may know I’m a huge promoter of monthly giving. Why? Because it’s a great way to engage your small annual fund donors and increase your donor retention rates. And as a recent statistic showed, sustainer giving is indeed growing, especially online. Last year, 20% of online giving came from monthly donors (aka sustainers, recurring donors; source – Blackbaud 2017 Luminate Benchmarks). Needless to say, the interest in monthly giving has...
What Do Monthly Giving, Mount Rushmore and Crazy Horse Have in Common?
You may now know that I’m a Dutch immigrant. I just celebrated my 25th anniversary being in this beautiful country! I still remember Apr. 10, 1993, when I flew from Amsterdam, Netherlands, to Boston Logan via Bangor, Maine, where we had to stop to refuel because Logan was closed by fog. It was a tremendous feeling when I was able to walk in with my immigration papers. (I became a U.S. citizen in 2008, by the way.) Credit: Erica Waasdorp So, it...
Monthly Donor Commitment: It Matters
The Merriam Webster dictionary defines Commitment as follows: a promise to do or give something. A promise to be loyal to someone or something. The attitude of someone who works very hard to do or support something. Wow, that’s something isn’t it? Monthly donor commitment isn’t necessarily easy. It’s hard work. There are two different kinds of commitment in monthly giving: organization and donor. The organization must be committed to the...
10 Reasons Why Small Monthly Donors Are Worth the Effort
During a recent webinar, someone asked me a question. His finance people told him: “For $5 a month, it’s really not worth the effort. The finance charges are killing us.” This is another one of these monthly donor myths I’d like to debunk right away. My answer of course was this: “Yes, offering the $5 a month option to donors is totally worth it!” Here are 10 reasons why: You’re truly showing donor care. No gift is too small. Your donor can...
Take Action Right Away to Improve Your Monthly Donor Retention
Over the past few weeks, I’ve presented numerous webinars on monthly giving. I’ve also had lots of conversations with organizations asking them about their challenges with their monthly donor retention. And the No. 1 problem is expiring credit cards. When that happens it’s really important to remember the following: The donors did not call you to cancel their commitment! They want to continue giving monthly! They may have just received their...
Internal Staff Can Delay Your Monthly Donor Program Growth
Nonprofits never cease to amaze me. Sometimes in a good way. Sometimes in a not so good way. This is one of those sad case studies. I spoke to an organization recently, and its executive director told me they wanted to grow their monthly donor program—at least, that’s what he said at first. They have some 500 sustainers who are worth more than $500,000, so they are very high average gifts. Because they’re limiting recruitment by in-person...
Get the ‘Generator’ Before You Need It
If you’ve been following the weather, you may know that it’s been a rough few weeks, especially in New England. In Massachusetts, we were hit by our second Nor’easter within 10 days; and this last one was really bad. Snow was falling at one to two inches an hour, and the many downed trees caused power to be out for 99 percent of our area. Emergency shelters were open for days. Some cellphone services went down as well, so many people had no way...
Your Questions and Answers about Monthly Giving
As you know, weve been talking about monthly donors for the past few weeks. And you may have seen my Facebook Live interviews here and here with monthly giving guru Erica Waasdorp. It’s been tremendously fun and exciting to get lots of feedback and questions from attendees. Here is another guest post from Erica – responding to many of the questions we are receiving from our attendees. It’s not too late to join the Monthly Donor Intensive with...
3 Powerful Ways to Get Your Monthly Donors to Give More
A few weeks ago, Michael Rosen published the post “How to Get Last Year’s Donors to Give More this Year.” Guest blogger Joe Garecht shared some great advice for increasing giving. However, the post did not specifically address the issue of monthly giving. That led to a reader comment. Larry Little, President of Guardian Angel Basset Rescue, raised some important questions: Our revenues are in the $300k range but approximately 30% of that comes...
Three Steps to Launch a Robust Monthly Giving Program
Monthly giving programs are becoming more and more popular revenue sources. If you want to nail your own monthly giving strategies to ramp up your nonprofit’s revenue, then join our Monthly Giving Intensive with Erica. You’ll get two jam-packed webinars, slides and handouts full of tips and specific strategies for building a robust, profitable monthly giving program. Erica will also give a live Makeover session of monthly giving materials. You...
Report: Online Sustainer Revenue Grows 20 Percent
This was a tough week for me. I got home from a trip and then got hit by this terrible cold. Boy, I haven’t been this sick in years! I’m finally starting to get over it, and it’s been going around like crazy. What I realized as a sick “donor” was that, because my monthly gifts are coming out of my account automatically, I didn’t have to worry about my mail; but I was still supporting the organization I care about. And you, as the organization,...
How Important are Monthly Donors?
“If you don’t have a monthly donor program yet, you’d be wise to make that part of your plan for next calendar year and perhaps even sooner than that.” People often ask me why you should focus on this now? Well, if last year’s Harvey hurricane disaster is any indication: Monthly donors provide sustainable revenue, no matter what happens. Their gifts keep coming in, rain or shine! In essence, it’s an extra insurance policy for your...
To ask for one-time gifts or monthly gifts… That’s the question!
This post first appeared on the Donor Perfect blog. Many nonprofits struggle with the decision to make the move and ask for monthly gifts. Here’s what I hear from organizations when I ask them about their monthly donor program: “I need one time gifts.” “I can’t focus on monthly gifts right now. They’re too small to concern myself with.” “I only have so little time. Why would I worry about small donors?” “It’s all about the net and monthly...
Create a Tax Letter for your monthly donors
This post was first written for and published by Donor Perfect and can be viewed here. Happy new year! I hope you did fantastic and exceeded your year-end goals! Now it’s back to reality. You’ve processed all of your donations for 2016. You’re current with your thank you letters. That should suffice, right? Then a monthly donor calls and wants a tax-receipt for all of her donations for the year, even though she gets her...
Monthly (Recurring) Gifts are the future, here and now!
You’ve heard me talking about monthly recurring gift programs and their importance on the long-term retention of your donors. Not to mention how much money you’ll raise! Fundraisers are often blown by away if I mention some numbers, just 300 monthly donors can bring in almost $100,000 a year for your organization. What’s not to like about that? So, if you are not already looking at implementing a program for your organization,...