You know those little pieces of paper you send out after someone makes a donation? Yep, we’re talking tax receipts. Well, they are way more exciting than they seem! For nonprofit organizations, efficient management of tax receipts is crucial for maintaining donor relationships and ensuring financial compliance with tax regulations. As gifts are made, or […]
Generative AI tools offer nonprofits an array of powerful time-saving measures, from drafting solicitations to building agendas and compiling board meeting minutes. It also offers users a massive blank canvas that can be fraught with challenges ranging from creative to ethical. How can fundraisers reap the benefits of these new technologies without wasting time wrestling […]
Donor pledges are a vital source of funding for charitable organizations. Getting donors to make a financial commitment to support your cause is exciting! However, some important steps need to take place in order to turn pledges into cash. To maximize the impact of pledges, organizations must implement effective pledge reminder strategies. Let’s explore why […]
Whether you’re asking a new donor for a commitment or a loyal donor to renew their support, securing a pledge is just the beginning of the payment process! Behind the scenes, financial accounting procedures must be established to track and manage pledge fulfillment accurately. This ensures that promised donations materialize, that strong donor relationships develop […]
In the dynamic world of nonprofit fundraising, donor pledges are a powerful tool for securing long-term financial stability and fostering deeper relationships with supporters. Research shows that donors who give online one year are nearly 40% more likely to give again the following year. We recommend being proactive by engaging donors early, and often in […]
Contributed by nonprofit coach Mallory Erickson, creator of the Power Partners Formula, host and author of What The Fundraising Traditional engagement can be transactional, but creating deep connections fosters long-term support and community building. Let’s shift the focus from mere engagement to genuine connection, offering insights and practical steps for lasting relationships with donors. Many […]
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