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How to Drive High Donor Retention Rates with Text Messaging

Achieve

However, with the average donor retention rate sitting around 45%, many nonprofits struggle to sustain newly acquired donors’ support. In this guide, we’ll cover four best practices to increase your donor retention rate with text messaging. Donor retention is a key piece of any successful fundraising strategy.

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6 Strategies to Boost Donation Revenue for Your Nonprofit

Get Fully Funded

For instance, in-kind donors might want to know how you’re using their gifts to run your programs, while monetary donors would be interested in hearing how you’re using financial donations to further your mission. Research shows that a 10% improvement in your donor retention can lead to an up to 200% increase in donors’ lifetime value.

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Engage, request, repeat: The proven formula for retaining donors

Candid

Donor retention is the measurement of how many donors continue giving to your nonprofit year after year. Maintaining a high retention rate means your nonprofit has access to ongoing, sustainable financial support. Maintaining a high retention rate means your nonprofit has access to ongoing, sustainable financial support.

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Which Customer Relationship Management (CRM) Software is Best for Your Nonprofit?

Nonprofit Tech for Good

Kindful places a heavy focus on data, giving the user access to donors’ giving history, wealth details, and rating for likelihood to give. One of its best features is an interactive dashboard that features retention rates, improvement suggestions, and projections at the forefront. 7) SalesForce :: salesforce.com.

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What Are You Doing with Your Donor Data?

Greater Giving

Your donor data may include phone numbers, emails, birthdays, donation history, and even meal preferences. Giving history: Better understand donors’ giving patterns and preferences by tracking donation amounts, frequency, dates, and specific campaigns they’ve supported. Donors’ giving history can be an incredibly helpful data point.

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4 Reasons to Start Planning Ahead for Giving Tuesday

sgEngage

Key fundraising metrics like donor retention rate, donation frequency, and fundraising return on investment (ROI). For example, if you discover your donor retention rate is falling, you can focus more time and resources on donor stewardship in the months leading up to GivingTuesday to boost retention.

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4 Reasons to Start Planning Ahead for GivingTuesday

sgEngage

Start testing your outreach plans. For example, if you discover your donor retention rate is falling, you can focus on donor stewardship in the months leading up to Giving Tuesday to boost retention. Start testing your outreach plans. Get a head start on prospect research. Spend time strengthening donor relationships.