The report is an annual report of Fidelity Charitable donor advised giving for the prior year. It explores both giving to Fidelity Charitable donor advised accounts as well as giving from donor advised funds to charities.
Continue reading Review of Fidelity Charitable Giving Report 2023
The word “audit” tends to bring about anxiety and concern when the average person hears it. We picture horrible visions of the IRS combing through our personal information and telling us we did something wrong or owe money. While this may be the case for many individuals, there’s no need for nonprofits to have this same sense of stress and concern.
Nonprofits don’t pay taxes, so there’s no reason for the IRS to come around, telling you that your organization owes money. However, audits can be incredibly useful for nonprofits to ensure donations are processed properly, tax forms are filed, and general accounting best practices are followed at your nonprofit.
Continue reading Understanding Financial Audits: A Quick Guide for Nonprofits
NeonOne set out to understand what individual giving looks like in the post-pandemic world. By reviewing many sources including academic journals, industry reports, blogs, and more, they have synthesized six questions:
In Neon One’s Donors: Understanding The Future of Individual Giving – Part 1, we focused on the first three questions. In this Part 2, we are focusing on the last three questions.
Continue reading Neon One’s Donors: Understanding The Future of Individual Giving – Part 2
Your nonprofit’s logo is a core element of your brand, as it acts as a reflection of your organization and mission. When supporters and new prospects view your logo on any marketing materials and donor communications, they should be able to immediately associate it with your mission.
When we think of brands like Starbucks, Nike, and Mcdonald’s, the first things that come to mind are probably the mermaid emblem, swoosh marking, and golden arches. Loop’s nonprofit branding guide describes the logo as the “foundation of your overall visual brand” which is why it evokes so much emotion and recognition. It’s included in almost every document you create!
Continue reading What’s in a Nonprofit Logo? 4 Things to ConsiderThe report is an annual report that looks at global giving focusing on three areas: helping strangers, donating money to charity and volunteering time. The report has surveyed 1.95 million people since 2009. For 2022, CAF included data from 119 countries, which was 90%+ of the total adult population on the earth.
Continue reading Charities Aid Foundation World Giving Index 2022
When a supporter googles your nonprofit and clicks on your website, what do they do from there?
The hope is that your supporters actively explore your site’s content, use your online giving page to donate, and sign up for your newsletter or fundraising events.
However, some nonprofits make the mistake of taking a “set it and forget it” approach when it comes to their websites. Instead of consistently considering and reconsidering their supporters’ experiences using the site, they put a lot of work into the look and functionality of the site upfront, hoping it’ll do the trick of catching people’s attention and getting them to act without ongoing updates.
Continue reading Numbers to Know: Interpreting Website Engagement Data
NeonOne set out to understand what individual giving looks like in the post-pandemic world. By reviewing many sources including academic journals, industry reports, blogs, and more, they have synthesized six questions:
Due to the length of the report, Aspire will focus on the first three questions. The second part will be published in 2023.
Continue reading Neon One’s Donors: Understanding The Future of Individual Giving – Part 1
Your nonprofit relies on your donors’ support in order to meet its daily operations. However, if your nonprofit doesn’t fully understand its audience, it’ll be more difficult to engage your donors and motivate them to give.
Collecting donor data can help your organization create comprehensive donor personas for each of your supporters, whether you have hundreds or thousands of people giving to your cause. While this may seem overwhelming, a strong data collection strategy backed by a solid tech foundation can streamline the entire process.
In this article, we’ll walk you through the essential data points your nonprofit should collect in its constituent relationship management (CRM) platform:
Comprehensive data can help your organization steward strong donor relationships and tap into your donors’ unique motivations for giving to your nonprofit. As a result, your donors will feel more passionate about your cause, leading to a boost in online fundraising. Let’s begin.
Your donors’ demographics will give you a baseline overview of the type of donors that are likely to give to your nonprofit. This will inform your outreach strategies so you can better target your ideal audience or even work towards reaching new audiences.
Specifically, you’ll want to use your donation page or data appends to collect data points such as:
For example, let’s say you collect these data points and discover that most of your donors are Gen Z or Millennials. Younger generations tend to prefer digital communications, so your nonprofit can amp up its social media marketing efforts to encourage donor retention.
Employer data can also have a huge impact on your nonprofit’s fundraising efforts. If your donors work at companies that offer matching gifts, your organization can receive double (and sometimes triple) the amount of the original donation. In fact, according to Double the Donation, over 26 million individuals work for companies with matching gift programs. If your donors are eligible for matching gifts, they can easily increase their impact and play a more rewarding role in your organization’s journey.
By taking a closer look at your donors’ history, you can better understand their giving capacity and interest in your cause. This information will help you tailor your donation appeals, volunteer outreach, and other communications to their needs and preferences.
Collect the following data points about your donors’ involvement:
With these data points, you can then segment your communications to better target certain types of donors. For example, you can create an email segment for donors that used to give frequently but haven’t given in the last year to reengage them with your mission. If you have a fundraising deadline quickly approaching and you haven’t hit your goal yet, you can create an email segment for major donors to ask them to help push you over the finish line.
You can also segment your communications to promote monthly giving. According to Donately, monthly giving can help your organization establish a reliable donation pipeline that you can access year round. Create a segment for donors that give frequently and have the potential to be monthly givers. In your outreach, highlight the various benefits of monthly giving, including the ability to play a more active role in your nonprofit and the convenience of only having to fill out your donation page once.
These are often answers to questions like: What are your supporters’ hobbies? Why are they passionate about your cause? Are they interested in finding new ways to get involved with your organization?
This information will help you build stronger relationships with donors and find relevant ways to keep them engaged. For example, a donor with graphic design experience may express that they want to play a larger role in your organization. You can then open up a new volunteering opportunity to them, such as improving your fundraising website or your marketing materials.
Understanding your supporters’ passions can also help you craft personalized donation appeals that are more likely to inspire action. For instance, if you’re an environmental organization, you may have several donors that give because they care deeply about saving endangered species. In your donation appeals to these donors, you can then emphasize the different ways your nonprofit’s work is helping to protect endangered animals.
By taking the time to get to know your donors, they’ll feel more valued and appreciated by your organization. At your next in-person event, ensure that members of your nonprofit board or staff are present to engage with donors one-on-one and ask them about their interests. If you have a large donor base, you can create online get-to-know-you surveys that take just a few moments to complete.
To steward strong donor relationships, you need a comprehensive understanding of each of your supporters. The accessibility of data has made it easier than ever to create donor personas and use this information for better engagement and outreach. Use donor data research tools, like your donation page and data appends, to collect essential data points and learn the best ways to drive donor retention. Good luck!
Jacob Spencer | Customer Success / Account Manager at Donately
I strive to make every step of our customer journey as enjoyable as possible. My goal is to turn everyone that trusts Donately into a raving fan! Raising funds can be daunting, but we know that with the right tools, it can and should be easy.
Throughout my career, I’ve been able to help sales and success teams tackle new markets, grow and expand. Leading with empathy, listening to actually solve problems, and remembering that we are all human are the key elements to growing any business in a meaningful way.
When I’m not working you can find me spending time with my wife, 2 boys and our Border Collie, Abbie. Family>Everything.
Whether you have an upcoming fundraiser you’re trying to promote to donors or if you’re preparing for the end of the year, your nonprofit needs a focused and impactful marketing strategy.
Email marketing has traditionally been the backbone of nonprofit marketing strategies for years. And not without reason! Nonprofit email marketing is a powerful tool that allows your organization to reach individual donors with specific messages that engage them with your organization.
However, this only works if your organization keeps up with the latest trends and strategies for email outreach. If you fail to do this, your organization might fall behind and spend more and more time on an inefficient strategy. Make sure you’re using the most effective email marketing tactics to reach your supporters by leveraging the following tips:
The average email open rate for nonprofits is much higher than other industries. This rate rests around 26% compared to the national average email opening rate of 6%. Take advantage of this opportunity and make sure you’re making the most of your outreach by ensuring your email strategy is up to date.
Sometimes it seems like the most time-efficient way to get a message across to your audience is to send a mass email. That means if you have an upcoming fundraiser, you would add all of your donors’ and supporters’ email addresses to the recipient box. While this might seem time-efficient, it’s actually not effective at all.
People are much more likely to read and engage with messages that are personalized. In fact, according to one source, 74% of Gen Zers, 67% of Millennials, 61% of Gen Xers, and 57% of Baby Boomers all prefer personalized messages in the marketing messages they receive. That’s over half of your audience (no matter their age) that prefers a more personal touch to your emails.
The best way to make sure you personalize each email you send is to segment your audience and craft messages per segment. It might take slightly longer than a mass message, but it’s a much better strategy.
Doubleknot’s segmentation guide explains that there are three primary types of data that nonprofits can use to group their audience into segments for marketing purposes:
Save relevant details regarding this type of data in your nonprofit’s CRM. Then, use that information to create segments and better personalize your outreach strategy. Be sure to regularly clean up this data in your database so that you are always working with the latest information.
Each email that you send to your audience should have a concrete purpose. The last thing you want to do is to send mindless emails that don’t call your supporters to do anything — these types of messages simply waste both you and your supporters’ time.
Strategize what the most important thing you want to promote at your organization is. Ask yourself, “Why are we sending this email?” Then, you can use that information to structure your messages and encourage supporters to help you accomplish your goals. For example, consider promoting opportunities for:
Appreciation messages need to have a purpose too, even if you’re not immediately promoting an upcoming campaign. You should explain the impact supporters had, thank them for getting involved, then offer a next step, like filling out a feedback survey.
You should always include an opportunity for your supporters to get involved after reading your message. These calls to action should link your readers to proper landing pages directly from your email. For example, link to your online donation page as a part of your fundraising outreach and to event registration pages when inviting people to attend your next big auction.
A/B testing allows your nonprofit to test aspects of your email outreach on your audience to see what strategies are most effective. Essentially, it helps you gain insight into what your audience responds best to so you can use that data for future campaigns.
You should only ever test one variable at a time. Send one message using one strategy to half of your audience and use the other strategy for the other half. For example, you might send a message to half of your audience using a graphic style image and another message with a stock photo to the other half. Whichever gets more click throughs is the more effective image strategy.
Some of the factors you might choose to test in your emails using A/B testing include:
Make sure you have relevant metrics you can measure to see which option performs better during tests. For example, you might measure the email open rate when testing two different subject lines or the click-through rate when testing different calls to action.
Save this information and update it when necessary. A/B testing is an important aspect of donor data because it describes those preferences specific to your audience. It’s much more precise than simply reviewing statistics for general audiences from other market testers and will be useful in future campaigns.
You can take your email strategy a step further by leveraging your email addresses to create ads that will help drive more traffic to your organization. This process is called email mapping. It allows your nonprofit to send targeted ads to a list of specific email addresses.
Although many organizations are often hesitant to leverage ads, whether due to financial strain or a lack of understanding of their impact, Feathr’s nonprofit advertising guide explains that there are a great number of benefits that accompany this strategy:
When you use email mapping to display ads to your supporters, these messages will show up in the margins of web articles, on their Facebook feeds, and elsewhere across the internet. Be sure the message you display relates back to your email campaign. This repeat exposure reminds your supporters about the opportunities you offer to get involved and increases the chances that they will do so.
Now that you know email outreach strategies, create goals based on what you want to pursue. Be sure each goal is tied to a specific measurable metric so that you can define what success looks like for your organization. The key performance indicators (KPIs) you might choose to track could include your email open rate, click-through rate, and conversion rate.
Consider which KPIs will be more impactful for your particular mission. This tracking of metrics will also help you identify improvement opportunities for future campaigns. Good luck!
Aidan Augustin | Co-founder & President, Feathr | linkedin.com/in/aidanaugustin
Aidan Augustin is the co-founder and president of Feathr, an industry-leading software company making digital marketing more accessible to nonprofits and event organizers. Feathr has helped over 800 nonprofits and thousands of events know, grow, and engage their audiences. When he’s not steering the ship at Feathr, he’s playing strategy games, singing karaoke, or reading books about people who changed the world.
The report is the first World Ultra Wealth Report that is published by Altrata. It’s the tenth such report using Wealth-X data. The report looks at the global ultra-high net worth (UNHW) population in the first half of 2022.
UHNW individuals are defined as individuals who have a net worth over $30 million. High net worth population is defined as individuals with net worth over $1M.