Nonprofit Tech for Good

OCTOBER 1, 2020

Donor retention is a crucial aspect of a productive fundraising strategy. While a good deal of time and resources will be dedicated to this effort, certain aspects of donor retention can be made easy. Here are seven excellent methods of increasing donor retention and how to automate them. First impressions are essential.

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Retention Donor Gift Rate 339

Charity Village

JUNE 29, 2023

Summary: Did you know that retaining donors is 5 times more cost-effective than recruiting new ones? However, despite the nonprofit industry’s average donor retention rate of 45%, organizations all over the world are struggling to keep their donors coming back for more.

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NonProfit PRO

AUGUST 10, 2023

The need for nonprofits to elevate donor retention as a top priority has never been more evident or resonated so loudly. Learn key strategies that you can execute to elevate donor retention to build lasting impact and long-term, future-proof fundraising success. Thursday, August 24th, 2023, at 1:00 pm Eastern Time

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Retention Donor Fundraising Report 130

Association Analytics

DECEMBER 15, 2022

If you’re responsible for member retention, you have your renewal rate committed to memory, right? You are most likely doing everything you should — calculating your retention rate on a regular basis, being consistent in your retention formula and sharing results with key stakeholders.

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Retention Data Rate Demographics 169

Association Analytics

MAY 17, 2021

If you’re responsible for member retention, you have your renewal rate committed to memory, right? You are most likely doing everything you should -- calculating your retention rate on a regular basis, being consistent in your retention formula and sharing results with key stakeholders. Retention rates aren’t one dimensional.

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Retention Data Associations Rate 192

Bloomerang

FEBRUARY 5, 2024

Nonprofits who care about donor retention employ numerous strategies to keep their donors coming back year after year. Personal acknowledgments, impact reporting, and a strong monthly giving program are some of the cornerstones to a high donor retention rate. Savvy fundraisers have always kept donor retention top of mind.

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Retention Gift Donor Pledge 96

Neon CRM

AUGUST 11, 2023

It’s easy to focus on fundraising success and forget about donor retention. GivingTuesday Donor Retention Makes Financial Sense… While you work on your plan to attract new donors on GivingTuesday, spend some time thinking about how you’ll retain them after the big day. Retaining your GivingTuesday donors is important, too.

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Retention Donor Gift Template 98

NonProfit PRO

FEBRUARY 16, 2023

Industry benchmarks reveal just 23% of first-time online donors return, compared to 64% of existing online donors. And over the last decade, nonprofits have continued to raise more funds from fewer donors. These statistics underscore the importance of not only keeping your donors, but also acquiring new ones

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Retention Donor Benchmark Statistics 331

.orgSource

FEBRUARY 27, 2023

Some of that adaptation will require higher educational attainment, or spending more time on activities that require social and emotional skills, creativity, high-level cognitive capabilities, and other skills relatively hard to automate.” AIs still need more rehearsal before they are ready for prime time.

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VQ Strategies

AUGUST 24, 2022

For decades, volunteer engagement was summed up in 3 Rs: “Recruitment, Retention, and Recognition.” While recruitment efforts have evolved, so have perspectives on retention. The COVID-19 pandemic challenged the definition of retention even more dramatically. Recruitment. What else is part of your recruitment success story?

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Retention Goal Volunteer Measure 98

Qgiv

AUGUST 4, 2023

Having a successful volunteer management strategy will help you increase your volunteer retention rate, which ultimately creates more efficient volunteer staff. Saves time and money. Volunteers save your organization time and money when utilized correctly with a volunteer management process. Why is volunteer retention important?

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Nonprofit Tech for Good

FEBRUARY 10, 2023

Date: Tuesday, April 18, 2023 Time: 1 pm ET / 10 am PT (1 hour) Cost: Free Presented by: John Mark Vanderpool , Co-founder of Social Impact Solutions Rebecca Alfred , Charity Relationships Lead, Trellis.org Nonprofits and charities know they need to invest their time into what will be the best return on their efforts.

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Retention Raise Free Donor 198

Charity Village

NOVEMBER 17, 2022

Why is donor retention important? Unfortunately, as time goes on, many of the new donors from the campaign do […]. Unfortunately, as time goes on, many of the new donors from the campaign do […]. The post Donor retention for small shops appeared first on CharityVillage.

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NonProfit Hub

JUNE 12, 2020

Your nonprofit’s team likely spends quite a bit of time focusing on raising the funds you need to achieve your goals. Start boosting your donor retention rate by focusing on those who are just giving to your nonprofit for the first time. Why First-Time Donor Retention is Important. Call your new donors. .

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Retention Practice Donor Time 82

Bloomerang

DECEMBER 13, 2022

Donor attrition has gotten worse over time. Donors tell us this all the time, both with words and actions. The organization described how they were helping those affected by the disaster, and how their services would be evolving over time. Long-term retention (5+ years) is now 10% or less. “ Donor Negative WORDS.

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Retention Donor Gift Nonprofit 111

Nimble AMS

NOVEMBER 21, 2023

Embrace Artificial Intelligence today. Keep reading to learn how the Marine Corp Association & Foundation (MCA&F) used Nimble AMS Predictions and Salesforce Einstein AI to boost member retention. Are you looking to get started with AI? These factors made retention extremely difficult. Download now. Gain more data.

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Qgiv

JANUARY 17, 2024

Now is the time to build and refine your donor retention strategies to ensure that these year-end donors remain engaged and committed to your cause. However, this comes at a higher cost, as acquiring a new donor can be five times more expensive than retaining an existing one.

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Retention Difference Donor Strategy 52

Volunteer Hub

MARCH 7, 2022

With the value of a volunteer hour approaching $29 in 2022, now is the time to focus on retention and better utilize your existing volunteer contacts. Volunteer hours equate to the work of millions of full-time employees, making the value of volunteer labor over $284 billion. And what causes volunteers to leave? Personal Growth.

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Bloomerang

JANUARY 7, 2022

A Guide to Donor Retention. What is Donor Retention? If you’re a fundraiser or nonprofit development professional, you’ve likely heard the term “donor retention.” But what is donor retention? Quite simply, donor retention is a measure of how many donors continue to donate to your organization.

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Retention Donor Guide Rate 88

Donorbox

MAY 5, 2023

A small annual loss in membership numbers might not seem like much, but over time those small numbers can add up in a big way. Membership […] The post 7 Proven Ways for Nonprofit Membership Retention and Growth appeared first on Nonprofit Blog.

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sgEngage

SEPTEMBER 27, 2023

Here are some strategies your organization can consider for improving donor retention by building donor trust in your brand. Demonstrate your personal interest in donors over time. Tipsheet Nonprofit CRM Evaluation Guide Download for Free The post Strategies to Build Donor Trust and Retention first appeared on The ENGAGE Blog.

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Retention Donor Build Strategy 87

NonProfit PRO

SEPTEMBER 7, 2022

With new donor acquisition costing 10-20x more than retaining existing donors, it's time to dig deep into your database and come up with a plan to re-engage the constituents that have fallen off your radar. Nonprofits typically lose over 50% of their donors every year.

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Retention Donor Template Database 130

Blue Avocado

DECEMBER 8, 2023

The ERC program has been amended several times and has officially concluded, but eligible nonprofit organizations are still eligible to file and benefit from this tax credit. The post Blue Avocado Presents: Does Your Nonprofit Qualify for the Employee Retention Credit (ERC)? Find out more about this government stimulus program.

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sgEngage

MARCH 22, 2022

The longer a donor gives to your organization, the more time you have to build meaningful relationships that will reinforce their long-lasting support. . One of the best methods to increase your donor retention is to leverage your overall communication strategies. Personalize all appeals . Segment your audience .

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Volunteer Hub

JANUARY 4, 2022

The national average for volunteer retention is only 65%. Here are 4 volunteer retention tips that can help. Focusing on volunteer retention is an important step your organization can take to fill opportunities in 2022. Making it easy for your volunteers to participate is key to their retention.

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Greater Giving

DECEMBER 12, 2022

At this time of year, we assess our fundraising performance and make plans for next year. Donor retention is also important because people who give in multiple years are more valuable than one-time donors: they’re much more likely to give again (and again) if they’ve had a good experience with your organization or cause.

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Retention Donor Support Giving 91

NonProfit PRO

NOVEMBER 17, 2021

Nonprofits put a lot of time, energy and money into acquiring peer-to-peer event participants, so it's vital to retain them year-over-year.

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The Modern Nonprofit

JULY 11, 2023

Estimated Reading Time: 4 minutes Keep Your Donors Coming Back: Effective Strategies for Nonprofit Donor Retention and Recurring Gifts Ever wondered how some nonprofits have a dedicated group of repeat donors while others are constantly chasing new ones? The secret lies in mastering donor retention and recurring gifts.

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Neon CRM

JUNE 9, 2023

Membership retention rates for nonprofits vary widely. But, regardless of your mission or industry, member retention is vital. If you want to improve your membership retention rates, you need to nurture and build your member relationships consistently. What’s Affecting Your Membership Retention Rate? 5833.5833×100=58.33

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Allegiance Group

OCTOBER 3, 2022

Donor retention is the second-highest concern for nonprofits, according to the 2022 CCS Philanthropy Pulse survey. What is donor retention? Donor retention measures how many donors continue to give to your organization. Understanding what may have encouraged the first and subsequent donations is key to understanding retention.

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ASU Lodestar Center

DECEMBER 15, 2021

These important team members give their time, talents, and resources, unmotivated by financial compensation or contractual obligations. The answers stem from how volunteer management and key organizational leadership view volunteer retention - the ability to keep volunteers long-term. So, what do these volunteers get out of serving?

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Retention Team Volunteer Strategy 98

sgEngage

DECEMBER 17, 2021

Trends in giving and donor retention are an important topic in the fundraising landscape, and at this time of year, it’s a good idea to take a look at what’s been happening in the fundraising world. Blackbaud Institute Retention Toolkit. Listen Now: Resources: Erica Waasdorp.

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Retention Podcast Donor Giving 87

Bloomerang

JUNE 3, 2022

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. Our Ask An Expert series features real questions answered by Claire Axelrad, J.D.,

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Retention Rate Stats Measure 98

Bloomerang

AUGUST 12, 2021

Do you know your organization’s donor retention rate? A chorus of voices have been beating the drum about the importance of donor retention through their research, in blogs, and in webinars—with stagnant results. . The Donor Retention Crisis—and Why It Matters. That’s right, 70% of first-time donors never gave again.

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Retention Rate Donor Issue 111

sgEngage

OCTOBER 18, 2022

Given the volatile state of the economy and the general climate of uncertainty, my greatest fear is that many boards, CEOs, and fundraisers will fail to invest the time and money necessary to hold on to their most valuable resource—their donors. And, when looking at new, first-time donors nearly two-thirds never make a second gift.

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NonProfit Hub

NOVEMBER 26, 2020

Your nonprofit’s donor retention rate is the percentage of donors who give from year to year, or over any other specific time period. Acquiring new donors through constant outreach is much more expensive over time. With concrete retention strategies, you can make the most of increases in new donors.

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Retention Donor Online Rate 75

Double the Donation

JANUARY 31, 2024

Not only do returning donors provide reliable support for nonprofits, but they also give 42% more than one-time donors on average. But with retention rates hovering around 40% in recent years, your organization needs a clear plan for […]

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Retention Donor Build Rate 52