What is your philanthropy’s superpower? Every nonprofit has powers, but the most important one that eludes many organizations is the power of donor retention. Unfortunately many nonprofits expect to lose more than 60 percent of donors after their first donation.
It is time to take on high first-time donor attrition rates and secure donor loyalty. Studies show that over the long term, retaining 10 percent more of first-time donors can lead to a 200 percent lifetime return. Here are three nonprofit powers to help improve donor retention and turn one-time donors into life-long supporters: