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Bonuses Can Help Nonprofits Stretch Budgets and Retain Fundraisers

The Chronicle of Philanthropy

By Emily Haynes As nonprofits struggle to hire and retain fundraisers, some are turning to performance-based bonuses to entice and retain talent. There are plenty of ways to ethically reward hard-working fundraisers — the Association of Fundraising Professionals, for example, endorses bonuses delivered as flat…

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GivingUSA 2024 | What Small Nonprofits Need to Know

Pamela Grow

What do smart fundraisers, particularly those heading up “one-person” development shops, need to know? Nonprofits have been concerned about the decreasing number of American donors for years, and the 2023 report reinforces these worries. Develop a balanced, thoughtful fundraising plan. Retain staff.

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Why are Good Nonprofit Fundraisers Hard to Keep? RESPECT

Clairification

I can’t get no… Oh, I can’t get no… satisfaction… Fundraisers report money is the number one reason they leave their jobs [See Part I of this two-part series here ]. The real reason fundraisers leave their jobs, and the sector, is very similar to why donors leave you. I gave you a hint in the title.

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How to Retain Your Nonprofit’s Major Donors: 4 Strategies

re:Charity

It’s a well-known fact that major donors play a significant role in driving nonprofit missions forward. 88% of fundraising revenue comes from 12% of donors, meaning a small percentage of dedicated major. The post How to Retain Your Nonprofit’s Major Donors: 4 Strategies appeared first on re: charity.

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13 Top Secrets of Donor Thank You Letters Revealed

Clairification

Now… you should be devoting at least as much time to thanking the donors who responded to your appeals, with the goal of retaining and upgrading them over time. Alas, the lion’s share of nonprofits spend a lot more time asking than thanking and reporting back on impact. This could come from almost any nonprofit.

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Why You Must Put Real Resources into Building Nonprofit Donor Loyalty

Clairification

It costs more to acquire a new donor than retain a current one. It’s why they retain, on average, 80 – 90% of current customers. Per the Fundraising Effectiveness Project, less than 20% of new donors (aka customers) are retained. A lot more. Please, please, please… let this sink in. The for-profit world understands this.

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Future-proof your fundraising: 3 ways to thrive long-term

Ann Green's Nonprofit

Is your nonprofit poised for long-term growth? Check out these future-proof nonprofit fundraising strategies based on today’s top philanthropic trends. As a nonprofit professional, you know this all too well and likely implement all kinds of cost-saving and efficiency-boosting practices into your work.