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How to raise more money by just saying thank you

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How well are you thanking and reporting? Are you setting the standard in this important work? I want to challenge you to consider how you can grow giving by focusing first on better thanking and reporting to your donors. This is essential to growing your giving future!

Here’s what the data tells us: If a ministry organization thanks them well and actually reports the impact of their giving as individually as possible, a donor’s natural inclination is to continue giving unless financially hindered! It’s a challenge, but one with a promising reward.

It’s time to consider how well you are implementing the two most critical aspects of growing a culture of giving — thanking and reporting.

Why should you do this better?

  • It will differentiate you from other ministries.
  • This will serve as the start to a disciplined approach to growing relationships with donors for the long-term.

Remember this, you only need a reasonable number of donors. I am asking you to do what God has called you to do with who He has called you to do it with. Thank and report as leaders who reflect the heart of God and what He is doing through the people who give. As you communicate with donors, you must share the impact their giving is having on the people who you serve.

Thanking

The key to thanking is being mindful of what the giver is thinking when they are writing you a check, sending you a gift online or ordering stock to be transferred. Donor-centered research suggest that many donors actually picture your reaction to their gift as you receive it. Donors think of themselves as having a big impact! But then how do we usually respond? We send them a receipt letter.

I doubt they imagined the impact of their giving resulting in such a generic response.

Yes, your receipt letter is necessary, but we have to remember what was going through the mind and heart of a giver when donating and the impact their gift is going to have on your organization and the people you serve.

With this in mind, we teach people the following as the first step to saying thank you in a way that profoundly impacts your relationship with your donors…

Pick up the phone!

Recall the last time you visited a Chick-fil-A as a customer. You were likely greeted and served in several small ways during the ordering of your meal and for the length of your stay. But, you didn’t feel appreciated when you paid money and then were given your receipt. You felt appreciated because of all the small touches, the smiles, the enthusiasm of the servers, and those magical words, “thank you” and “it’s my pleasure to serve.”

Your receipt letter, even when it also says “thank you” is the obligatory response — not the heartfelt emotion that a personal phone call provides.

Step one — make a phone call and simply say “thank you.” Step two — then send your letter and receipt. Step three — now you can get more personal and creative and get their attention because this is the unexpected step. You can send a thankful report letter, or send a personal note from someone in your organization. This individualized thank you can come from the executive director, the development leader or board chair, or another involved individual so long as they are not the sender of your receipt letter. You could even send a letter, handwritten note, email, or even a text. Remember, we’re showing donors they count and are noticed beyond the obligatory receipt letter.

Reporting

The gift has to get to work a little bit — it has to make a difference, but then you need to report to people on the impact of their giving. The challenge to this is how to do so in a way that’s as individualized for each donor as possible.

  1. Talking Points. Have on file talking points on your ministry’s reporting every six months. Be able to say: This is how we’re reporting to our donors (face-to-face, phone calls, emails, letters) and when (annual report, twice a year, monthly).
  2. Intentional. When you report let people KNOW you’re reporting. There should be something that trumpets, “This is a giving report!” If it’s a letter, try saying, “Please allow me to give you a report on the impact of your giving.” Email? Provide a memorandum of a report on the first half of the year. Make sure bells and whistles go off saying, “This is your report!” Otherwise the donor doesn’t realize you’ve reported to them on the impact of their giving.

If you want more great resources and tools to further help you shift from busy to effective, click here to sign up for our Free Membership.

Originally published on Development & Leadership Coaching.

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