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Thanking Donors
A Presentation By:
Linda Hunt, Senior Director of Development
&
Norelia Huerta, Director of Prospect Management & Research L
Thanking Donors
Thanking donors seems like something so basic
that we shouldn’t even have to talk about it.
N
Books on the Subject
L
But more mistakes, with
more devastating results
for donor loyalty, are
made in the thanking of
donors than anyplace
else…
L
There are two things that must be remembered about
saying thanks…
N
Donors expect it, and they deserve it!
L
It takes a village…
Well, it takes a strong team to thank donors in
the appropriate way.
N
Building a Stewardship Team
Who could be on our team?
L
1. DODs
2. Philanthropic Board members
3. Key staff and faculty
N
The Power of Thanking the Donor
L
Thanking Donors Results In:
1. Increased awareness of CSUSB
2. Valuable repeat donations
3. Increased support and involvement
N
The Journey
When we thank people, we need to make sure that
we are taking the donor on a journey…
a path the donor will travel with us to achieve a goal.
L
Thanking needs to be the purpose of holding
the donor’s hand on this exciting journey.
N
The Power of a Board Member’s
“Thank You”
Because board members are volunteer advocates who
are the heart and soul of philanthropy, they bring
credibility and leverage that cannot be duplicated by
paid staff.
L
Board Members & Stewardship
Activities
Thanking and recognizing donors is an important part
of the fundraising process. Asking board members to
send personal thank you notes is a good way to involve
board members in the fundraising process.
N
Thanking donors is one of the easiest, and
most fun, ways for board members to
become involved in the fundraising
process.
L
Saying “Thank you” to a donor ends one
transaction, but builds a bridge to future support and
deeper engagement. Do it well, and you are on your
way to future…
N
94%
L
Research Shows That…
94% of all donors will give
a second gift, and a larger
gift, if thanked by a board
member.
N
Thank You Calls
• Thank you calls from the
board to first time donors
are KEY. Second gifts were
39% higher from donors
who received thank you
calls from a board member
• AND 2 years later, over
70% of donors were
retained!
L
It DOES make a difference if
the board calls vs. staff
members.
A peer to peer phone call is
deemed as more meaningful
by the donor.
N
Surprisingly, new research shows that a thank-you gift
can actually reduce contributions.
Journal of Economic Psychology
Volume 33, Issue 5, October 2012, Pages 973–983
L
The Wrong Way to Thank
A gift decreases next gift Board member thank you
increases next gift
N
Thanking Donors…
Once is Never Enough.
There are few things more
important than
recognizing our donors.
L
In Closing…
The development team thanks you in
advance.
N
The Power of a Board Member’s
“Thank You”
Is invaluable
L
Now We Have Some Thank You Note
Assignments
Dr. Marc Lynch
P.O. Box 782
Rancho Cucamonga, CA 91729
CSUSB PHILANTHROPIC FOUNDATION
BOARD OF DIRECTORS
DONOR THANK YOU NOTE ASSIGNMENT
• Donor name
• Gift amount
• Gift designation
• Brief donor history
L
N
Thanking Donors Pamphlet
• Mission statement
• Examples of thank you
notes
• Key points
N
Thank You
We welcome you to share your stories
about what a thank you means to you.
L

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Thanking Donors

  • 1. Thanking Donors A Presentation By: Linda Hunt, Senior Director of Development & Norelia Huerta, Director of Prospect Management & Research L
  • 2. Thanking Donors Thanking donors seems like something so basic that we shouldn’t even have to talk about it. N
  • 3. Books on the Subject L
  • 4. But more mistakes, with more devastating results for donor loyalty, are made in the thanking of donors than anyplace else… L
  • 5. There are two things that must be remembered about saying thanks… N
  • 6. Donors expect it, and they deserve it! L
  • 7. It takes a village… Well, it takes a strong team to thank donors in the appropriate way. N
  • 8. Building a Stewardship Team Who could be on our team? L
  • 9. 1. DODs 2. Philanthropic Board members 3. Key staff and faculty N
  • 10. The Power of Thanking the Donor L
  • 11. Thanking Donors Results In: 1. Increased awareness of CSUSB 2. Valuable repeat donations 3. Increased support and involvement N
  • 12. The Journey When we thank people, we need to make sure that we are taking the donor on a journey… a path the donor will travel with us to achieve a goal. L
  • 13. Thanking needs to be the purpose of holding the donor’s hand on this exciting journey. N
  • 14. The Power of a Board Member’s “Thank You” Because board members are volunteer advocates who are the heart and soul of philanthropy, they bring credibility and leverage that cannot be duplicated by paid staff. L
  • 15. Board Members & Stewardship Activities Thanking and recognizing donors is an important part of the fundraising process. Asking board members to send personal thank you notes is a good way to involve board members in the fundraising process. N
  • 16. Thanking donors is one of the easiest, and most fun, ways for board members to become involved in the fundraising process. L
  • 17. Saying “Thank you” to a donor ends one transaction, but builds a bridge to future support and deeper engagement. Do it well, and you are on your way to future… N
  • 18. 94% L
  • 19. Research Shows That… 94% of all donors will give a second gift, and a larger gift, if thanked by a board member. N
  • 20. Thank You Calls • Thank you calls from the board to first time donors are KEY. Second gifts were 39% higher from donors who received thank you calls from a board member • AND 2 years later, over 70% of donors were retained! L
  • 21. It DOES make a difference if the board calls vs. staff members. A peer to peer phone call is deemed as more meaningful by the donor. N
  • 22. Surprisingly, new research shows that a thank-you gift can actually reduce contributions. Journal of Economic Psychology Volume 33, Issue 5, October 2012, Pages 973–983 L
  • 23. The Wrong Way to Thank A gift decreases next gift Board member thank you increases next gift N
  • 24. Thanking Donors… Once is Never Enough. There are few things more important than recognizing our donors. L
  • 25. In Closing… The development team thanks you in advance. N
  • 26. The Power of a Board Member’s “Thank You” Is invaluable L
  • 27. Now We Have Some Thank You Note Assignments Dr. Marc Lynch P.O. Box 782 Rancho Cucamonga, CA 91729 CSUSB PHILANTHROPIC FOUNDATION BOARD OF DIRECTORS DONOR THANK YOU NOTE ASSIGNMENT • Donor name • Gift amount • Gift designation • Brief donor history L
  • 28. N
  • 29. Thanking Donors Pamphlet • Mission statement • Examples of thank you notes • Key points N
  • 30. Thank You We welcome you to share your stories about what a thank you means to you. L