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

Bloomerang

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. — Stats Nerd. Dear Stats Nerd, First, I’m glad you’re asking this question.

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6 Ways To Raise More Online During Year-End 2021

CauseVox

It’s never been easier to raise money online because people are getting more accustomed to giving that way: one silver lining of the pandemic that nonprofits a 32% increase in online revenue in 2020. Here’s Six Ways You Can Raise More Online During Year-End 2021: 1) Drive Everyone To Give in One Place.

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

Neon CRM

First use this year’s revenue to establish a baseline for all your expected revenue, including but not limited to individual giving, major gifts, events income, expected pledges, and grants. Growth Rate: The expected percentage increase in revenue. Retention Rate: The percentage of donors who gave last year and this year.

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How to Work Smarter, Not Harder with Fundraising Automation

Qgiv

Fundraising automation saves your nonprofit valuable time and resources by streamlining time-consuming tasks, so you can devote more to time advancing your mission and raising more money. By enhancing the donation experience with fundraising automation, you’ll be able to raise more! You raise funds without further human intervention!

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Love At First Sight: Getting To The Heart Of Fundraising With Effective Reporting

Bloomerang

Implement donor retention strategies: Uncover insights on retention rates to strengthen donor loyalty and reduce donor attrition. Key reporting features The most impactful reports encompass a variety of aspects, from donation trends to donor retention.

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Donor Management Software: Buyer’s Guide + 16 Top Solutions

Bloomerang

By keeping careful documentation of all of this personal data, the museum was able to raise hundreds of thousands of dollars from its major donors each year. This feature appears in each donor’s profile and rates their engagement from “cold” to “on fire!” A generosity score also rates supporters from “cold” to “on fire!”

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4 Strategies to Increase Donor Loyalty

Bloomerang

Do you know what your retention rates are or how to increase donor loyalty? The sorry state of donor retention has been a topic of discussion for at least the past decade, since the Fundraising Effectiveness Project Report began collecting data. Yet too many nonprofits still don’t prioritize donor retention strategies. .

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