Individual giving - thanking donors

When boards and non-profit leadership talk about fundraising, individual donors are typically, and easily, talked around or even not thought about. Meanwhile, so many of us have donor retention rates under 40% and direct mail response rates are under three percent. I can see why many in our world don't see the intense value of individual donors, or even think that there is a way to increase the amount of individual giving for their non-profit.

Although I subscribe to the philosophy of donor-centered giving, I'm not even writing about that. I think many non-profits have a lot of work to do even before they start working within the ideas of being donor-centered.

Here's an example. A few months ago I attended a luncheon that was a fundraiser for a popular LA-based non-profit. It was my first time attending one of the events and I was blown away by what they presented, so much so that I made a donation.

First donation to them ever. I felt so good about being part of their incredible impact.

Time when by and one day we received their newsletter. It reminded me that I hadn't received a thank you letter or a tax letter yet. 

More time went by, and six weeks after I made the donation I received my thank you/tax letter.

Six weeks! Seriously? I couldn't believe it.

Even though I am now on their mailing list, I don't feel any more a part of them as I did before I made the donation.

I like what we do at the non-profit I fundraise for. Once we see a donation we call the donor to thank them. This happens within 24 hours of receiving the donation. Then a thank-you letter goes out within three days. Three days is the absolute latest it will go out, that's our goal. It doesn't mean that we don't do all we can to get the letter out earlier.

Individual giving can change your mission and impact. It's much more sustainable than corporate giving and even foundation giving. Growing your donor relationships will be totally worth your while. You can start by thanking them.

Thanks for reading.

Time to reignite your fundraising?

I've presented conference sessions called "Reignite your fundraising" and love engaging with other fundraisers and development peers about my ideas regarding what we can do to take our fundraising to another level.

Before, I begin, it's important to note that although the title of this post if about reigniting your fundraising, all of this starts with you.

I recently ran into a donor who was volunteering at our office. I shouldn't say "ran into", as I heard her voice and immediately got up and went to greet her. I was ecstatic to see her and thanked her for a recent generous donation.  Of course that wasn't the first time I thanked her as I called her the day of the donation and then sent a thank you letter. Nonetheless it was my excitement in seeing her that made her day.

"The person before you didn't even know my name. Every time he saw me I had to re-introduce myself."

Reigniting your fundraising will only work if you are on board, if you have endless energy and passion for your cause, and if you are willing to be the main cheerleader.

Let's start.

My first idea is to respond to a donor email with a phone call.  You will surprise them, and your relationship with them will be stronger. In other words, you are investing in the donor relationship. Building these relationships is key in reigniting your fundraising. Try it.

Speaking of the phone, I suggest getting used to using it. Email doesn't show emotion. A donor can't hear your excitement over email. So call them. Once you see their donation pick up the phone. It changes everything.

Another reason to use the phone more and email less is that, especially in huge cities like Los Angeles where I live, face to face meetings with donors don't happen as often. The phone call brings at least a little bit of a personal touch to the relationship.

More to come.

Thanks for reading