3 Strategies to Keep Your Recurring Donors

Monthly or recurring donors are crucial to your fundraising.
As the retention rate goes up, so does the only fundraising metric that really matters: lifetime value.
So, how can you move your monthly giving retention from good to great?
3 Ways to Keep More of Your Recurring Donors
1. Keep them happy and engaged
In our study, we saw that only 38% of organizations changed their email strategy for recurring donors. And only 9 organizations were sending a gift acknowledgement of any kind — email or in print — by the third month.
One strategy to try to keep your recurring donors happy and engaged is to simply thank and acknowledge their gift more often, maybe even every month.
Key Point: Treat your recurring donors well, better, and differently to keep them around longer.
2. Don’t let them expire
Even happy recurring donors may lapse simply because their Credit Card is expired, lost, or cancelled. 68% of organizations were able to automatically update a lost Credit Card through their payment provider.
Key Point: Use payment methods that make it more likely donors won’t lapse.
3. Get them back
When the best attempts to keep recurring donors happy fail, you have to try and win donors back. Quickly. And personally.
For organizations who did not automatically update the lost card, 75% did not reach out to us at all to get an updated card.
Key Point: Quickly identify lapsed payments and reach out in personal ways to win them back.





