The Era of Relationship-Based Fundraising
As we move further into 2024, the landscape of donor engagement continues to evolve. Organizations are seizing the opportunity to connect with their supporters authentically using innovative new approaches and channels. The preference for a deeper connection with the organization they support is nothing new for donors. In fact, in Donor-Centered Fundraising, author Penelope Burk states that 93% of donors said they would definitely or probably give again to a charity that provided a prompt and personal thank you. Donors are first and foremost people; they want to receive genuine appreciation and consideration from you and not just when you’re soliciting them for a gift.
But in a time of economic uncertainty and staffing strain--fundraisers surveyed in Gravyty’s "Donor Engagement Benchmark Report” stated lack of staff and turnover was one of their top five challenges this year--it can be hard to connect with donors meaningfully and at scale to reach aggressive pipeline goals.
Strategically tapping into technology has become more crucial than ever to maximize impact and efficiency of resources.
Here, explore five tools that will elevate your donor engagement game to unprecedented heights.
1. Make deeper connections with video.
Mass newsletters and generic emails no longer stand out in a sea of spam. Enter the personalized video for donor outreach. In a digital world saturated with competing messages, a personalized video message adds a human touch, creating a powerful connection between you and the donor. With video messaging, you can easily craft and deliver heartfelt thank yous and impact updates to ensure that your supporters feel appreciated and engaged all year long. It’s catching on, too, with 41% of fundraising teams already using video to reach donors (“Donor Engagement Benchmark Report,” Gravyty, 2024).
2. Drive instant impact with peer-to-peer texting.
In a fast-paced world, donors appreciate simplicity and immediacy. Integrating a peer-to-peer texting solution into your strategy allows supporters to contribute with just a few taps on their smartphones.
Not to mention, peer-to-peer text messaging campaigns are relevant and effective: 91% of American adults own a smartphone, and text open rates are a whopping 98%. The ease of this approach enhances the donor experience, making giving a seamless and instant process. Whether it's responding to urgent appeals or part of a broad campaign, a peer-to-peer texting platform ensures that your organization stays at the forefront of your supporters' minds.
3. Streamline your donor data with CRM integration.
Imagine having all your donor engagement results in one centralized hub, accessible with just a few clicks. That's the power of choosing a robust digital fundraising platform that integrates with your customer relationship management system of choice. A digital fundraising platform that integrates seamlessly with your donor CRM is crucial to gaining a comprehensive understanding of your donors’ interactions, preferences, history, and more.
By integrating your CRM into your fundraising platform, you can easily personalize donor communications, track engagement, and cultivate stronger, more meaningful relationships with your supporters.
4. Build a sustainable donor pipeline with AI.
In the evolving fundraising landscape, identifying top donors and predicting donor behavior is a game-changer. Data supports this: A 2023 study from Capital Campaign Pro points out that 35 percent of nonprofits say that identifying top prospects is the most difficult part of a campaign.
Artificial intelligence-powered outreach solutions take the manual work out of donor discovery by utilizing artificial intelligence to analyze mass donor data, uncover “hidden gem” prospects, tailor your outreach, and strategically nurture donor relationships. AI tools equip you with the intelligence to create personalized experiences that resonate, ultimately boosting your fundraising efforts.
Take Action on Relationship-Based Fundraising
It’s clear donor engagement needs to go beyond financial transactions to be successful. It needs to be centered on building lasting connections. By incorporating these four essential donor engagement strategies, you'll not only streamline your processes but also create a donor experience that is personalized, impactful, and reflective of the dynamic times we live in. So, don't just adapt—thrive in this new era of philanthropy and revolutionize the way you engage with your supporters.
To see how other organizations are embracing technology to drive fundraising success in 2024, download our “Donor Engagement Benchmark Report,” which features insights from more than 160 fundraising leaders.
Gravyty’s all-in-one donor engagement solution empowers organizations to deliver best-in-class digital giving strategies, build thriving online communities and fundraise more effectively. Learn more at gravyty.com.