Nonprofits with strong monthly giving programs are finding these donors serve as a crucial anchor to help organizations withstand recent waves of economic uncertainty.
My colleague Lisa Schohl spoke with fundraising experts about how these sustainer programs — and their monthly contributions — deliver reliable revenue and enable fundraisers to build resilient donor relationships over time.
At Rainforest Action Network, a climate advocacy group, donors who give monthly have a retention rate of nearly 74 percent, compared with an overall retention rate of about 45 percent. As development director Zanne Garland put it to Lisa, people who start giving monthly gifts tend to stick around: “It’s just a lot easier to retain that support.”
How do you get a monthly giving program off the ground? For starters, look within your existing database — you might have contributors who already donate regularly and would be great candidates for a monthly program.
Experts also emphasized the importance of acknowledging monthly donors’ regular contributions in all communications.
“They often really identify with the fact that they are supporting you monthly — they’ve made that commitment,” said Alicia Meulensteen, director of nationwide membership at the American Civil Liberties Union. “That identity is an important thing to put out there.”
For all of the insights, check out 7 Tips to Kickstart Monthly Giving and Boost Your Nonprofit’s Financial Health, and read more of our coverage about attracting and keeping monthly donors.
Have a lovely week,
Sara Herschander
Senior Reporter
P.S. Don’t miss our new podcast Nonprofits Now: Leading Today for smart insight on leadership in today’s climate.