The Power of Thank You
“Thank you.” These two little words can make or break a campaign. It can mean the difference between receiving a one-time-and-only gift or developing a deeper relationship with a donor who can leave a legacy gift of significance.
Too often, a donor who supports a campaign for the first time – no matter how big or small the gift – will not give again for two key reasons. One: They are not asked again. Or, two: They are not thanked well or at all.
Donor appreciation is an integral part of any development plan. To properly thank and appreciate your donors, keep these things in mind:
Create policies and stick with them
A proper donor recognition/appreciation policy or plan should be created and kept available for reference for anyone, volunteer or staff, doing fundraising for your organization. Make sure everyone understands how important it is to follow through on the organization’s policies and make sure follow up is taking place.
Make it personal
Not all donors like to be thanked the same way. Some may have an interest in a naming opportunity for a major gift. Others may want to remain anonymous, but still want to hear, “Thank you.” For many, a personal handwritten thank you or phone call is very special and appreciated. As you cultivate your donor prospects and get to know them as individuals, this is something you need to learn about them.
Involve your constituency
While giving the donor a plaque or certificate they can display may be appropriate for certain situations, many times these gestures mean less to a donor coming from the organization as from a constituent. Consider the individuals you serve and facilitate opportunities for them to say thanks. A note from a student affected by a scholarship, a picture created with painted handprints of the children you serve, a success story from a family that has been impacted positively by the organization. These will mean more to donors than a hundred plaques.
Saying thank you – in a way that means something personally to your donors – is not only an important part of fundraising, it may be one of the most valuable of all.
Ross Pfannenstiel, Senior Vice President, Kansas City
Join Us on the Growing Philanthropy Tour
Next stops on the road to achieving Kinetic’s mission of growing philanthropy by 25 percent in the next 20 years:
June 18-19, 2018
NHH – Norwegian School of Economics
June 21-22, 2018
National Taiwan University
June 25-26, 2018
BX2018, Australian Government
Keynote: John List
July 3, 2018
Institute of Fundraising Convention 2018
Panelist: Karin Cox
July 18-19, 2018
2018 Virginia Fund Raising Institute Conference
Successful Campaigns: Raising Million-Dollar Gifts
Lead Sponsor: Hartsook
August 13-24, 2018
August 29-31, 2018
Boy Scouts of America Top Hands
September 19-20, 2018
Science of Philanthropy Institute Conference 2018
September 26-29, 2018
American Association for State and Local History Annual Meeting
Donor-Focused Fundraising: Letting Research Guide Your Organization’s Philanthropy
Matthew J. Beem
Debbie Bass, National WWI Museum and Memorial
October 5-6, 2018
Advances with Field Experiments
October 16-18, 2018
University of Basel
8th Bernoulli Lecture for the Behavioral Sciences
Resources for Smart Fundraising Available on Kindle
Keep up to date on the latest fundraising trends with the Kindle ASR Media collection:
- Fundraising Leadership – The definitive source for empowering board members to become pro-active fundraising leaders by Karin L. Cox
- Performance-Driven Fundraising – Handy, yet entertaining reference tool for new and seasoned fundraisers by Matthew J. Beem
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Strategies for Success explores smart ideas, connecting with thousands of fundraising professionals. We welcome your best practices contributions or comments. Send to Strategies for Success editor Karin Cox, [email protected]. If you’d like a free subscription to Strategies for Success or its monthly companion, Philanthropy Success, contact [email protected].