It is one thing getting the donor
or grant dollars the first time around but maintaining these dollars
over time is an art form that requires strategy and effort. And
it's imperative that you make sure your donors continue to feel
involved and engaged.
As I'm sure you know, it is much more expensive to try to develop
new donors than retain existing supporters. So, this week, let's
look and what you can do to maintain and retain donors for the
long-term.
- Monitor and track existing donors. Try to
gather information about their families, their birthdays, anniversaries,
and other significant events. Acknowledge these events with
a card, gift, or phone call.
- Focus on donors and not the dollars. Make
sure you are focusing in on what the donors want and need rather
than what your organization needs.
- Respond quickly to issues or complaints. If
a donor has an issue or a question make sure you get back to
them within 24 hours and be very direct and honest with them.
- Give donors options and choices. Even though
you may need money for a specific program or project make sure
you listen to what the donor needs and give
them options and choices for their donations.
- Personalize the relationship. Donors want
and need "high touch" contact with your organization so invite
them to special events and allow them to tour your facility.
- Don't overwhelm donors with too many mailings. Once
a donor makes a contribution make sure you don't turn around
and ask them for another contribution the following month.
- Thank donors with personal thank-you cards
rather than computer generated letters and phone calls.
- Look for repeat donors who have given more than three
times. These people are the prime candidates for
planned giving and legacy gifts and are good opportunities
to trade up to become major donors.
- Cultivate more than ASK. For every one time
you ask for a gift, there should be at least three contacts
with the donor where you are NOT asking for anything from them.
- Tell them how you spent their money. If
the donor gave you $500 report back to them on the impact you
made with their money.
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