article thumbnail

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%.

Retention 115
article thumbnail

7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

sgEngage

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Tip 1: If you have an operating reserve, review your policy. If a government regulation changed or community preferences shifted, would you have time to react?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

International Leadership, Women’s Issues, and Branding—A Conversation With Allison K. Summers, CAE

.orgSource

An expert on branding startups, executive leadership, governance, and more, Allison has deep roots in the association community. Governance, and the vision of governance, is so varied around the world. Do a brand audit and review everything that you’re currently producing. Zonta supports members in 63 countries.

article thumbnail

Mastering Next Year’s Budget With Revenue Projections and Donor Attrition Analysis

Neon CRM

Lastly, factor in your donor retention rate so you can anticipate the number of new donors you’ll need to acquire in order to meet or exceed this year’s revenue total. Growth Rate: The expected percentage increase in revenue. Retention Rate: The percentage of donors who gave last year and this year. Let’s do it!”

article thumbnail

Mastering Nonprofit Board Recruitment: A Strategic Guide for Executive Directors

Bloomerang

Here’s a detailed breakdown of critical steps to prepare: Understand organizational goals and governance needs: Begin by peering into the core of your organization. Offer continuous learning opportunities to deepen your board members’ understanding of nonprofit governance best practices and emerging trends. What are your dreams?

article thumbnail

Executive Director Management: The Board’s Top 5 Responsibilities

Bloomerang

The board governance model is one of four primary nonprofit governance models. These organizations are structured to grant the power of governance to the board of directors and power of Executive Director management. We will outline the top five responsibilities that governing bodies assume for the Executive Director (ED).

article thumbnail

From Novice To Champion: Empowering Board Members

Bloomerang

A strong and effective board can help provide strategic direction, keep your finances in check, and uphold a high standard of governance. Review board lists for organizations with shared values. Rate yourself: How well do you support your board members? Give them a 1:1 orientation. Match them with a board buddy.