It's a proven fact that no nonprofit organisations can survive without recurring donations. Many nonprofits receive a lot of one-time donations from new donors but fail to convert them to recurring donors. There is no doubt that donor retention is tricky and hence it should be at the top of your list.
It costs more to acquire a new donor than to retain one. When referring to recurring donors this doesn't mean giving on a monthly basis, it refers to an active donor who donates at a regular intervals and not just be one-time givers.
We see large numbers of people donate their time and/or money to nonprofits / charities every year to support the cause they believe in. By doing so, it brings positive effects in their own lives in return for their contribution.
Act of giving is an important decision and a right step to make your life happier and meaningful. Try helping others by donating what you can on a regular basis to enjoy the feel of giving over receiving!
Why should you donate to nonprofits? What are the benefits of donating to charity? Let’s take a closer look at nine reasons to donate to a nonprofit / charity for your choice.