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[ASK AN EXPERT] How Do You Calculate Your Nonprofit’s Average Dollar Retention Rate?

Bloomerang

CFRE, our very own Fundraising Coach , also known as Charity Clairity. Today’s question comes from a nonprofit employee who wants advice on how to calculate an accurate nonprofit dollar retention rate. Dear Charity Clairity, When you write “the average dollar retention is just 47%,” I’m not sure what that means.

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[ASK AN EXPERT] What’s A Good New Donor Acquisition Rate?

Bloomerang

CFRE, our very own Fundraising Coach , also known as Charity Clairity. Today’s question comes from a nonprofit employee who wants advice on what would be considered a good new donor acquisition rate. Dear Charity Clairity, I’m wondering if you have a data point readily available in your brilliant brain?

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The Great Mysteries of Donor Retention

Care2

All nonprofits struggle with donor retention. 36% of donors give more generously to charities that communicate measurable accomplishments. Engaging your board members in the retention process is critical. What are your tried and true methods for donor retention? It''s a buzz word, it''s a motivation, and it''s a burden.

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[ASK AN EXPERT] When Should We Give Donors Gifts?

Bloomerang

CFRE, our very own Fundraising Coach , also known as Charity Clairity. Today’s question comes from a nonprofit employee who wants advice on when it’s a good idea to give gifts to donors. . Dear Charity Clairity, I know public broadcasting offers donors gifts in exchange for their donations at various levels.

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Solutions Day 2023—Beyond Answers to Insight

.orgSource

You could use some fresh advice. Teamed with Co-Founder, Chip Massey, a former FBI hostage negotiator, this duo could persuade Ebenezer Scrooge to launch a charity. Use revenue, retention, renewal, learning, event, and behavioral data to unlock hidden information. The thrill might not be gone. Don’t wait.

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6 Strategies to Boost Donation Revenue for Your Nonprofit

Get Fully Funded

Building relationships with all of your supporters can strengthen your donor retention rate and help your nonprofit raise more funds over time. Research shows that a 10% improvement in your donor retention can lead to an up to 200% increase in donors’ lifetime value. Offer a recurring giving option on your online donation page.

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The Ice Bucket Challenge Epilogue: Data

3rd Sector Labs

Let me offer one piece of advice: let’s not get distracted by the story and instead focus on the epilogue – the Ice Bucket Epilogue: it’s about the data. Do they distract donors from developing longer term relationships with the sponsoring charity? The same advice applies to any charity in a similar situation.

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