Director, Digital Transformation & Partnerships American Bible Society
Presentation Summary: You’re invited to take part in this presentation where seasoned nonprofit fundraising leaders will unveil three well-tested ways to grow loyalty with your donors. This donor loyalty will increase revenue while growing donor numbers, moving donors forward through the pipeline, and cultivating estate plans from your core file.
As with most nonprofits, at American Bible Society less than half of our donors provide nearly 90% of all net revenue for our multichannel program. These “core donors” have the highest donor value of any segment, and they also represent an invaluable prospect base for our mid-level, major gift, and planned giving programs.
We’ll share with you our discoveries over the years that combining steady year-over-year acquisition investment with strategic donor stewardship is the best way to achieve the goal of a strong “core donor” base that produces 90% of your net revenue, which in turn produces stable and dependable long-term donor value and revenue growth. You’ll walk away with sound arguments for not cutting acquisition, which may improve net revenue and ROI in the near term, but will almost certainly result in negative consequences for your program’s file health in subsequent years.
Learning Objectives:
By attending this session, participants will learn how to analyze what a loyal donor means in their non-profit's program and develop the tools necessary for identifying them.
Create a consistent plan for acquisition investment, emphasizing a steady strategic investment to build your "core" audience and using data to make and support your case when advocating for this investment
Participants will also learn how to think "beyond the transaction" to provide the strongest-possible year-over-year retention rates among their donor base. This involves leveraging a variety of touchpoints (asking/reporting back/engaging/thanking), and finding ways to creatively bolster relationships with partners without an ask being the central objective.