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5 Common Questions About Calculating Your Nonprofit’s Indirect Cost Rates

sgEngage

Nonprofit organizations are beginning to use indirect costs more frequently in their budgeting processes, whether or not they are pursuing government grants. Indirect costs can be confusing because there is conflicting information about indirect cost rates for nonprofits, what is considered an indirect cost, and how to calculate the costs.

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Solving the Donor Retention Rate Issue: The Case for Creating a Board-level Donor Thank You Committee

Bloomerang

Do you know your organization’s donor retention rate? It’s time to make keeping your donors a board-level priority, right up there with Finance, Governance, and Development itself. Because according to the FEP, the 2020 repeat donor retention rate was 59.6%—whereas whereas the new donor retention rate was 19.3%.

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[FREE WEBINAR] How to Use Behavioral Economics to Build a Successful Monthly Giving Program

Nonprofit Tech for Good

They also stick around longer with most programs enjoying donor retention rates north of 85%. However, the psychological factors that govern whether a donor will opt into a monthly giving program are still not well understood. Monthly donors give 42% more over the course of a year compared to one time donors.

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10 Ways To Segment Donors To Improve Nonprofit Fundraising Effectiveness

TechImpact

In another 2013 study conducted by Blackbaud found that “response and click through rates in nonprofit email campaigns declined by 16% and 18.7%, from 2012.” The study substantiates the claim by stating that”declining response rates illustrate a saturated channel with non-differentiated messaging and campaigns.”. Phone calls.

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Don’t Fear Your Dirty Data

Association Analytics

Keep monitoring the growth with metrics (for example, decreased number of duplicates, increase in completion rate of certain fields.). It’s an easy way to collect phone numbers for your database. Establish Data Governance Policies: Put a data source inventory in place if you don’t have one. Be creative on how you capture data.

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3 Strategies To Elevate Your Association’s Impact in the New Year

Association Analytics

As we move into the new year, all this takes is a commitment to each other to make a fresh start when it comes to data governance and data quality. Examples of this kind of data would be your members’ cell phone numbers. One of our A2 customers who tried this have seen a significant jump in renewal rates.

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Giving Trends in Mexico: Millennials and Gen Z Drive Rise in Online Giving

Nonprofit Tech for Good

Online payment providers were very few and completion rates were barely reaching 50%. Today, we are able to offer four different payment methods online and we’re working with different providers to offer the best success rate possible to our donors (>90%). The trust factor in Mexico is also determinant.

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