What would #RetentionWednesday really look like?
I sometimes get freaked out by how much tech companies seem to know about me. I get a glimpse into that reality when I look at the ads being targeting at me on my computer screen. However, this topic isn’t what I want to talk about this morning and needs to be put in the parking lot for another time. What I really want to blog about today is one of those Facebook (or maybe it was Google) ads that caught my attention a few weeks ago. It was an ad from DonorPath advertising its “free” #GivingTuesday companion consultation service that they branded “#RetentionWednesday“. Once I got past the genius business move by Brian Lauterbach, my mind started spinning on what that Wednesday might actually look like.
As I started conceptualizing a day of stewardship activities, all of the typical tactical things came to mind such as:
- Organizing a thank-a-thon
- Hosting a “handwritten thank you note writing” party for volunteers
- Email (or snail-mail) an impact report to your donors
- Launching a YouTube channel packed full of alumni or client testimonials
- Hosting a donor reception (patterned after a tradition chamber of commerce business after-hours)
- Hosting a town hall meeting on a subject related to your agency’s mission
- Launching a monthly coffee klatch for donors who want to talk with your CEO, board president or any number of people associated with your non-profit
OK, OK, OK . . . I could go on and on and on with stewardship activities and the list would be endless. I suspect you could do the same thing.
However, the thing nagging me was that stewardship and retention need to be more than just a handful of tactical activities done on the Wednesday after #GivingTuesday. I suspect that DonorPath’s branded service, which is likely just sampling of their more holistic fundraising consultancy services, addresses this issue and helps clients create a larger stewardship/retention plan for the upcoming year that uses #RetentionWednesday as a springboard.
So, I guess I’m feeling a little bah-humbug about the entire idea of #RetentionWednesday. If I were king for a day (a scary thought), I would decree 2015 “The Year of Retention“.
Oh heck, if I were king for a day, I could do better than that. Right?
I would decree “donor-centered culture” as something mandatory before the IRS bestows non-profit status on any organization.
Ahhhhh, that is much more authoritarian and king-like. LOL I suspect that I might be able to get used to being king. 😉
If achieving a donor-centered culture of philanthropy sounds hard to some of my DonorDreams subscribers, the truth is that “Donor Retention” is becoming a bit of a cottage industry in the non-profit sector in recent years.
For example, my company — The Healthy Non-Profit LLC — would give its left arm to work with your non-profit organization on cultivating and growing its culture of philanthropy.
In addition to my consulting practice and Brian Lauterbach’s DonorPath firm, there is Jay Love’s Bloomerang donor database service, Penelope Burk’s Cygnus Applied Research, Roger Craver’s DonorVoice, and a ton of others. As I said earlier, it is a burgeoning cottage industry that feels like it is getting bigger every day. I suspect this is likely a testament to the growing donor retention crisis in the non-profit industry.
What are you doing to increase retention of your donors? At its core, does your agency have a culture of philanthropy? If not, then what are you doing to change that culture? Please scroll down and use the comment box below to share your thoughts and experiences. We don’t have to re-invent the wheel because we can all learn from each other!
Are you a little lost with the entire “culture of philanthropy” thing? No worries. I’m embedding a wonderful YouTube video of Tony Martignetti (of the famed Tony Martignetti Nonprofit Radio show) speaking to the New York City chapter of the Association of Fundraising Professionals about “Creating a Culture of Philanthropy Throughout Your Nonprofit“. It is an hour-long video, but definitely worth the click!
Here’s to your health!
Founder & President, The Healthy Non-Profit LLC
Posted on December 18, 2014, in Donor-centered fundraising, Fundraising, nonprofit, resource development and tagged #RetentionWednesday, culture of philanthropy, fundraising, nonprofit, organizational culture, organizational development, philanthropy, resource development, stewardship. Bookmark the permalink. 6 Comments.
Erik for King 🙂
Amen to THAT, Cathy! Thanks for your glowing company last night over a delightlful dinner.
Thanks so much for sharing that Nonprofit Radio video, Erik! It was a very good discussion with smart guests.
As always, no thanks needed . . . in fact, thank you for so generously sharing your content with the entire world to benefit.
Indeed Erik, every day needs to be #RetentionWednesday. The thinking behind it: while #GivingTuesday is an incredible community- and philanthropy-building initiative, the sector must, immediately after, do more than celebrate one day of results, but collectively help nonprofits sustain them for the next 364 and beyond.
Thanks for the clarification, Brian. That was what I had thought. And I couldn’t agree more. Retention isn’t a one day thing, it needs to be integrated into your organization’s culture and done continuously throughout the year. Happy Holidays and congrats on your success at DonorPath.