February, 2011
Last among the four principles I’ve developed is Commitment. Remember, as I wrote earlier, the level of Commitment roughly corresponds to a donor’s Long-Term Value. So it’s our job as fundraisers to find ways to deepen our supporters’ Commitment.
Naturally, a person’s Commitment to your organization can be located anywhere on a continuum, from nonexistent to total. The old way of looking at this was to divide people into Suspects, Prospects, One-Time Donors, Multi-donors or Regular Donors, Major Donors, and Legacy Donors. But the world doesn’t really work that way anymore. It’s a lot more complicated, more multi-faceted. To take that into account, and to keep things as simple as I can, I like to look at four levels of Commitment: the Tourist, the Visitor, the Resident, and the Lifer.
The four levels of donor Commitment
We used to say that the most critical phase in the fundraising process was to persuade one-time donors to give a second gift, precisely because fewer than half of them do. Now, though, as so many nonprofits are acquiring far more names online than off, the game has changed. Our biggest challenge now is to get Visitors more involved—in other words, increasing their level of Commitment—and not just concentrate on the much smaller number of people who actually donate money. Because, as Visitors become more committed, more and more of them will become donors.
Long-term volunteers can turn into annual or monthly donors, or even join your board of directors. Former board or staff members may become major donors. And any of these people can leave legacies. Regardless of whether they’re donors now, their future value is potentially enormous.
In all these cases, Lifers may well be candidates for legacy gifts. In fact, it’s from this group that the overwhelming majority of legacies are likely to come. Longevity is the single best indicator of the likelihood of a bequest.
Once again, then, remember these four guidelines. They’re the keys to success in today’s new and fast-changing fundraising environment: Choice, Information, Engagement, Commitment.
The new keys to success in fundraising today (Part 1)- http://www.txnp.org/Article/?ArticleID=12142
The new keys to success in fundraising today: New signposts for the road (Part 2) - http://www.txnp.org/Article/?ArticleID=12226
The new keys to success in fundraising today: Donor choice (Part 3) - http://www.txnp.org/Article/?ArticleID=12789
The new keys to success in fundraising today: Information (Part 4) -http://www.txnp.org/Article/?ArticleID=12996
The new keys to success in fundraising today: Engagement (Part 5) - http://www.txnp.org/Article/?ArticleID=12893
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