HOW NONPROFITS CAN MAXIMIZE DONOR RELATIONSHIPS & INCREASE RETENTION

It is no wonder donor retention is top of mind these days. It costs six to seven times more to acquire a new donor than to retain an existing one, according to research by Chuck Long field, chief scientist at Blackbaud.i Unfortunately, the donor retention rate is abysmal. Long field also discovered that nearly three out of four newly acquired donors leave within the first year. The good news is that lowering attrition rates by only 10 percent can improve the lifetime value of a donor base by up to 200 percent. The ultimate goal is to move donors through the stages of giving: from a one-time giver to a recurring donor, and then to a planned giver who leaves money to the organization as a bequest.

Spotlight

SMRP

The Society for Maintenance & Reliability Professionals (SMRP) is an independent, nonprofit society by and for practitioners in the maintenance, reliability and physical asset managmenet industry. We're over 5,000 members strong with global affiliations and benefits for both individuals and companies. We offer education, publish our exclusive Body of Knowledge (BoK) products featuring metrics and benchmarking, administer the industry's only ANSI-accredited certification, and provide networking with chapters, shared interest groups, government and global programs. Our vibrant community can be your best resource for advancing Physical Asset Management. Consider joining today!

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Employee Benefit Considerations for the Non-Profit Industry

whitePaper | April 13, 2020

Nonprofits make a significant contribution to both the quality of life and the economy in this country. From chambers of commerce and hospitals to churches, disaster relief organizations, environmental advocacy groups, homeless shelters and labor unions, it would be difficult to find an American who is not touched in some way by one of the nearly 1.5 million nonprofits.

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How to Elevate Employee Engagement and Community Impact Through Workplace Volunteer Programs

whitePaper | February 2, 2022

Employee volunteer programs are a vital part of your corporate social responsibility, employee engagement, and community relations efforts. If done well, your program can play an important role in building nonprofit capacity, engaging employees, serving stakeholders, meeting social impact goals, and ensuring your company’s sustainability – not to mention all the positive impact you will have on the community.

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6 Trends Driving Nonprofit Hiring in 2021

whitePaper | January 20, 2021

This past year was challenging yet transformational for the nonprofit sector. With organizations facing a sudden shift to remote operations, our country experiencing a nationwide reckoning on racial equity, and a drastically changing fundraising landscape, nonprofits were forced to reexamine the operations and traits needed to carry them into the future.

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Messaging Strategies in the Nonprofit and For-Profit Worlds

whitePaper | May 24, 2021

In 2011, Jared, Joel, Jon, Jordan, J. Austin, Josh, and Jesse Stanley formed Stanley Brothers, a for-profit proprietary hemp company. A year later, Paige Figi contacted Stanley Brothers looking for a non-intoxicating natural alternative for her five-year-old daughter, Charlotte. Charlotte suffered from Dravet syndrome, a rare, severe form of epilepsy that caused her to have an average of 300 seizures a week—one every thirty minutes. With the help of the Stanley Brothers’ hemp product, Charlotte’s seizures reduced to just one a day, and in 2015, Charlotte was able to attend school for the very first time.

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Key topics nonprofit organizations should consider

whitePaper | January 14, 2020

Nonprofit organizations operate in a complex and evolving financial world. As one of the world’s largest investment managers, Vanguard has helped thousands of nonprofit organizations navigate their unique investing, organizational, and governance challenges. We recognize nonprofits differ by size, served market, and sophistication. The chief financial officer of a hospital will likely have different needs from the CFO at a college, while the executive director of a small public charity will have different needs from either

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40 Nonprofit Trends for 2020

whitePaper | February 12, 2020

As technology and innovation continue to be in the forefront of the nonprofit sector, 2020 will be about learning more about what these technologies and solutions have to offer and tying them back in with traditional fundraising strategies. New bright and shiny technologies are offering what seems like limitless ways to connect with donors. But it’s important to remember that donors still need human interaction, personalization and relationships, so the tried-and-true fundraising strategies shouldn’t just be tossed out the door.

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Spotlight

SMRP

The Society for Maintenance & Reliability Professionals (SMRP) is an independent, nonprofit society by and for practitioners in the maintenance, reliability and physical asset managmenet industry. We're over 5,000 members strong with global affiliations and benefits for both individuals and companies. We offer education, publish our exclusive Body of Knowledge (BoK) products featuring metrics and benchmarking, administer the industry's only ANSI-accredited certification, and provide networking with chapters, shared interest groups, government and global programs. Our vibrant community can be your best resource for advancing Physical Asset Management. Consider joining today!

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