If you’re in a fundraising slump and don’t know how to improve your practices, we have some tips for building connections that last. And, result in recurring donations. Because donors are at the heart of every nonprofit, cultivating a sustainable connection with stakeholders is imperative.
In this blog post, we’ll teach you our 5 best practices for building relationships with donors.
5 Best Practices for Building Relationships with Donors
1. Personalize your messaging
Though personalizing your donation solicitations and your “thank you’s” can be time-consuming, it will show donors that you care. Instead of sending generalized emails, cards, or texts, be thoughtful about your outreach. Address donors by name and acknowledge your unique connection. And, be mindful of their individual relationship with your organization.
2. Follow up with donors
Though nonprofits are always worried about nagging donors or coming off too strong, following up on requests or contributions is crucial to building bonds. A follow-up response or note to a donor reminds them that you care about their questions or concerns. Donors should never feel unsure of what to do or where to go—keep in touch and make communication clear.
3. Practice gratitude
From recognizing major donors with an award to including them in your annual report, gratitude is the bread and butter of forming long-lasting relationships.
Pro tip: For creative ways on how to show gratitude this year, check out our blog post.
4. Foster transparency
Good relationships are built on trust. Trust is created through consistent transparency.
Regularly update donors on the impact they’re making. Show them exactly where their money is going and how it’s being spent—whom is it helping? How? In what way?
By using digital reports like mid-year reviews, annual reviews, and impact reports, your donors will trust you and your organization.
5. Offer opportunities
Diverse opportunities for engagement are an excellent way to ensure that your donors are happy. From volunteering at events to contributing to a specific initiative, it’s crucial that supporters have plenty of opportunities to help out and give back.
Consider getting your board members engaged in the annual reporting process. Or, ask volunteers to get involved with administrative tasks. The more opportunity to engage, the better.
By implementing these best practices for building relationships with donors, your organization will fundraise expertly.