How to Write a Nonprofit Fundraising Plan: Free Template

Why are fundraising plans so essential?

It’s no secret that nonprofits fail often. But having a solid fundraising plan in place reduces the likelihood of failure exponentially.

Creating a plan sets your organization up to achieve its goals methodically with the right fundraising strategies, technology, and team collaboration. 

A study by Concord Leadership Group found that nonprofits with a written strategic plan were more likely to:

• Collaborate with other nonprofits
• Have boards willing to take calculated risks
• Have a formal process for measuring leadership effectiveness across their organizations

A strategic plan gives your nonprofit the foundation it needs to scale up its efforts effectively. When your team feels confident in your plan, they’re able to refocus their efforts where they matter most: your mission and helping your community.

7 steps to create a fundraising plan

While every fundraising plan looks a bit different, they all involve the same planning steps and core components. Explore these key steps to build a reliable, robust fundraising plan.

1. Assess past fundraising performance.

The first step in making a fundraising plan isn’t thinking about the future—it’s taking stock of your past. Establishing a baseline rooted in past successes and failures allows you to set measurable, realistic goals.

Look back at your previous fundraising initiatives and outreach campaigns to assess your strengths, challenges, and opportunities. Ask yourself these questions:

• Which fundraising sources offer the best return on investment?
• How well are we engaging with our donors?
• What were our donor retention and new donor acquisition rates?
• How many of our fundraising initiatives reached their goals?
• Who are our most loyal donors? What do we want to learn from them, and how will we ask?
• What are our common fundraising pain points or challenges?

Answer these questions and review the data from past campaigns to understand where your organization currently stands and how you can build on past performance.

2. Define fundraising goals.

Writing down your goals encourages you to clarify objectives and identify the tasks and timeline needed to complete them. The best goals are SMART goals: specific, measurable, achievable, relevant, and time-bound.

Here are a few examples of SMART goals you might set for your organization:

• We will plan and launch a monthly giving program by September 1 and engage at least 100 donors in it.
• We will recruit two volunteers to join the board development committee, train them, and have them in place by April 15.
• We will grow our donor base by 10% by June using direct mail appeals, social media posts, and our giving day campaign.
• We will improve overall donor retention by 15% (to 50% overall) by creating and implementing a donor-centered stewardship plan. This plan will include at least seven meaningful, personal thank-you touchpoints in a six-month period.

Define your goals by looking at your past performance and your nonprofit’s future growth plans. What can you reasonably achieve with your current tools and capacity?

3. Update your case for support.

Your nonprofit’s case for support is the reason you give for why donors should contribute to your cause. When building a fundraising plan, it helps to have a solid case for support you can rely on to craft your fundraising and marketing initiatives.

When you organize your messaging around a guiding idea or theme, you’ll have an easier time communicating why donors should support you and what their support will accomplish.

Refresh your organization’s case for support by:

• Conducting audience research. Has your organization’s audience evolved or grown recently? Conduct audience research to assess your supporter base’s demographics, interests, and motivations. This step helps ensure you’re creating a case for support that appeals to your unique audience.
• Incorporating storytelling. Centralizing your messaging around a single person or story helps you build empathy among your audience members. Use storytelling techniques, such as introducing the main character, the issue your organization is trying to address, and your proposed solution.
• Connecting donations to impact. Donors want to know that their contributions will actually make a difference. Make sure your message includes specific descriptions of how you’ll use donations. For instance, you might explain that a $100 gift can purchase supplies for 10 shelter dogs, or a monthly $20 donation helps keep your children’s after-school program stocked with snacks.

Once you’ve revamped your case for support, you can incorporate it into your email, social media, and direct mail campaigns, as well as your in-person donor meetings.

4. Identify fundraising methods.

What are the actual fundraising initiatives, campaigns, or events you’re going to launch in order to reach your defined goals? For example, you might decide to plan:

• Peer-to-peer fundraising campaigns
• An auction/gala
• A social media challenge
• A fundraising 5K/Fun Run
• A direct mail campaign
• An email campaign
• A giving day/Giving Tuesday challenge

Choose your fundraising initiatives based on events and campaigns you’ve had the greatest success with in the past, as well as what you think supporters will be most interested in moving forward.

For instance, you might have held most of your fundraising events in person in the past, but recently discovered that supporters are interested in attending virtual or hybrid events. You can incorporate these event types more moving forward to appeal to supporters’ current preferences.

5. Prepare your marketing channels.

A strong fundraising plan should also identify the marketing channels you’ll use to get the word out about your fundraising initiatives. These marketing channels might include:

• Social media
• Email
• Direct mail
• Your website
• Local news/radio
• Google Ads

Review your donor profiles and marketing engagement analytics to determine your target audience’s preferred communication platforms. Then, focus your efforts on those channels to connect with the right people. This process allows you to focus on marketing channels that will deliver a higher return on investment (ROI) for your campaign.

6. Determine and assign responsibilities.

The next step in crafting your fundraising plan is assigning responsibilities to your staff, board members, and other volunteers and adding them to a calendar.

Your fundraising plan should clearly define:

• Each overall goal (fundraising amount to hit, donors to connect with, etc.)
• The individual, team, or department in charge of working toward that goal
• The associated fundraising initiatives you will launch to help reach that goal
• Benchmarks to hit along the way
• The events you will host to support that goal

With a clear plan, you ensure all team members are on the same page and aligned on your priorities. However, that doesn’t mean your plan has to be set in stone.

Unexpected circumstances and challenges frequently arise during the implementation of any strategy, along with new opportunities you might not have considered. Keep your plan flexible and adjust it as needed to account for these obstacles and opportunities.

7. Use the right fundraising tools to support your plan.

To carry out your fundraising plan effectively and efficiently, you’ll need the support of dedicated fundraising tools, including platforms like your:

• Giving platform to store and manage donor information, streamline online giving, identify your most and least engaged donors, and pull fundraising reports
• Marketing software to help create campaigns and analyze engagement metrics
• Social media scheduling tools to help you develop an active social media presence
• Event planning software to plan and manage your fundraising events and volunteer staff
• Matching gift database tool to follow up with match-eligible donors and encourage them to submit matching gifts through their employers

If you lack any of these solutions and are looking to expand your technology stack, choose solutions that integrate with your existing software. Integrations allow for streamlined data migrations and keep all of your fundraising activities under one roof.

Or, better yet, look for a unified giving platform that brings together multiple fundraising tools—online donation solutions, CRM software, marketing and engagement solutions, etc.—into one easy-to-use platform (like Bloomerang!).

Free fundraising plan templates for nonprofits

Example Annual Fundraising Timeline Template

Here’s an example of a quarterly fundraising timeline template with unique opportunities for events, fundraising campaigns, and stewardship activities each quarter.