(This breakout session is part of the full-day MCN Fundraising conference. Participants must be registered for the full conference in order to attend).
The mythical unicorn of getting ongoing contributions from donors is becoming less about cajoling the one-time supporter and more about offering a range of options that fit individual needs. Small-scale donors can use aggregation tools like Patreon.com to add up to a lot of money (say, $150,000,000 from 1,000,000 supporters this year), Drip is getting into the subscription support game, and existing donor database tools have the support options we need if more nonprofits used them better for the needs of supporters. This session will review case studies of recurring donation tools and platforms (from basic Stripe processing, to GiveMN, to more gimmicky options like GivingLoop), the donor communication that helps transition one-time or annual supporters to recurring donors, and a return on investment analysis of those platform fees.
Track: Fundraising Trends/Strategy Style: Formal Presentation
Presenter(s): Steve Boland, Managing Partner, Next in Nonprofits, Saint Paul MN