In the ever-changing landscape of nonprofit fundraising, a beacon of stability shines through the steadfast commitment of monthly giving. Recurring donations build a strong bond between donors and causes. This bond has a significant impact that extends beyond one-time giving for charitable organizations.
This blog aims to help nonprofits establish regular donations. It also emphasizes the significance of having a strong monthly giving program.
What is a Monthly Giving Program?
A monthly giving program is a way for nonprofits and charities to encourage regular contributions from donors. These contributions are made at set intervals, typically every month. Instead of giving money once, supporters give a smaller amount regularly, taken automatically from their chosen payment method every month.
Significance to Nonprofits
Recurring donations build lasting relationships with donors, as they continue to support a cause they value over time. This funding model helps nonprofits use resources better, lower costs of fundraising, and focus more on their main mission. Recurring donors tend to be more engaged with the organization, often becoming strong advocates who promote its work within their networks. Recurring payments help nonprofits build a loyal donor base and secure consistent funding for long-term impact.
How to Make your Monthly Giving Program a Success?
Step 1: Understand Your Current Donor Base
The first step in finding monthly donors is to analyze your current donor base. Identify donors who have previously given multiple donations or have expressed long-term support for your cause. These individuals are more likely to be open to the idea of becoming monthly donors.
Step 2: Establish a User-Friendly Online Platform
Invest in a reliable and secure online donation platform that supports recurring giving. Ensure the platform is easy to navigate, mobile-friendly, and provides clear instructions on setting up and managing monthly donations.
Step 3: Showcase Impact Through Compelling Content
Create engaging content that highlights the tangible impact of monthly contributions. Share success stories, real-world examples, and testimonials from beneficiaries to demonstrate how donors' sustained support makes a meaningful difference.
Step 4: Create an Engaging Monthly Giving Campaign
Craft a persuasive monthly giving campaign that clearly communicates the impact of recurring donations. Utilize compelling visuals, stories of success, and specific examples of how sustained support can make a difference. Ensure your campaign highlights the convenience and value of monthly donations for both the donor and the organization.
Step 5: Leverage Your Website and Social Media Platforms
Utilize your organisation's website and social media platforms to promote your monthly giving program. Make a webpage on your site with program details, monthly giving advantages, and a simple sign-up form. Share engaging content on social media to reach a wider audience and encourage potential donors to join your monthly giving community.
Step 6: Utilize Email Marketing and Personalized Appeals
Leverage your email marketing strategy to make personalized appeals to potential monthly donors. Segment your email list and send targeted messages to previous donors who may be interested in recurring giving. Customize your messages to acknowledge the past support of your audience. Show them how their ongoing contributions can have a lasting impact on your organisation's goals.
Step 7: Offer Exclusive Incentives
Incentivize participation in the monthly giving program by offering exclusive benefits to donors. Consider providing behind-the-scenes updates, personalized communications, or access to special events to reward and engage your recurring donors.
Step 8: Communicate Regularly and Gratefully
Maintain consistent communication with your monthly donors through newsletters, emails, and social media updates. Express gratitude for their ongoing commitment and demonstrate how their contributions are making a positive impact.
Step 9: Leverage Existing Networks and Partnerships
Engage your existing donor base, volunteers, and stakeholders to promote the monthly giving program. Encourage them to share their support and experiences with others, expanding the program's reach through word-of-mouth.
Step 10: Partner with Like-Minded Entities
Consider collaborating with businesses, influencers, or other nonprofits aligned with your mission to amplify the program's visibility and attract new supporters.
5 Steps to Setting Up a Recurring Donation with Deluxe Payments Platform
Deluxe Payments Platform allows organizations to accept payments easily, securely, and with room for expansion. Setting up your monthly donations with Deluxe Payments Platform couldn't be easier - just follow these five steps.
1. Log in to your Deluxe Payments Platform account and select 'Virtual Terminal' from the side menu.
2. Enter the monthly donation amount and donor name into the 'Total' field
3. Enter in payment details and click the 'Setup Recurring Payment.'
4. Add in the dates to take the payment from the donor's account if they have a preferred choice
5. Add in frequency to say 'Monthly.'
The design, build, and implementation of the Deluxe Payments Platform was done with our clients at the forefront.
Utilizing over 50 years of combined experience in providing world-class payment services, every aspect of the platform was constructed to allow organizations to go out to their communities for much needed donations as quickly as possible.
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