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Finding New Donors by Using Intention with Matt Nash

Finding New Donors by Using Intention with Matt Nash

Released Wednesday, 10th April 2024
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Finding New Donors by Using Intention with Matt Nash

Finding New Donors by Using Intention with Matt Nash

Finding New Donors by Using Intention with Matt Nash

Finding New Donors by Using Intention with Matt Nash

Wednesday, 10th April 2024
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Episode Transcript

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0:00

This show is sponsored by Bloomerang, a solution that helps

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nonprofits like Shower up, which is a nonprofit

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Showerups executive director Paul Schmidt said

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Bloomerang is an ideal marriage of volunteer and donor management.

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b l o o M e r a n

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g or visit the link in the show notes to

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learn more. All right, let's get to the show.

1:04

Hello and welcome to nonprofit Nation. I'm your host, Julia

1:08

Campbell, and I'm going to sit down with nonprofit industry

1:11

experts, fundraisers, marketers and everyone in

1:15

between to get real and discuss what it takes to

1:18

build that movement that you've been dreaming of. I created

1:22

the nonprofit nation podcast to share practical wisdom and

1:26

strategies to help you confidently find your voice,

1:30

definitively grow your audience, and effectively build your

1:34

movement. If you're a nonprofit newbie or an experienced

1:37

professional who's looking to get more visibility, reach more

1:41

people, and create even more impact, then you're in the

1:44

right place. Let's get started.

1:53

Hello. Hi everyone. Welcome back. Or welcome to

1:57

Nonprofit Nation. So excited to have you here today on the

2:00

podcast. And the question we are discussing, we're

2:04

answering, we're unpacking, how can we build

2:07

deeper relationships with our corporate

2:10

partners? And how can we expand our corporate

2:14

partnership program? How can we cultivate them? How can we

2:17

attract them? How can we just really engage them

2:21

in what we're doing to create even more impact?

2:25

And my guest today is Matt Nash, based in

2:29

North Carolina. Matt previously served as the senior

2:32

vice president of marketing and donor experience for fidelity

2:36

charitable. He's now executive director of the

2:39

Blackbaud Giving Fund, the charitable arm of Blackbaud,

2:43

which is the cloud computing provider that serves nonprofits,

2:46

foundations, schools and other social change

2:50

organizations. And the Blackbaud Giving fund has safely

2:53

dispersed over $1.6 billion

2:57

from generous donors to over 195,000

3:01

nonprofits around the globe and offers resources to

3:05

nonprofits to support their fundraising goals. That

3:09

is just absolutely incredible. So, Matt, welcome to the

3:12

podcast. Thank you. It's my pleasure to be here. Yes. So

3:16

we were talking about your hobby of woodworking.

3:20

But my guests, they probably love to hear about that. But I would love to

3:23

hear about your nonprofit journey, how you got into the

3:27

sector and how you got involved with Blackbaud.

3:31

So all careers have all kinds of moving

3:34

parts and changes to them. Mine was in

3:38

financial services for 25 years, much of that at fidelity

3:42

investments. And toward the end of the time that I was with Fidelity,

3:45

I joined the senior team of the big

3:49

philanthropic group that they have called Fidelity charitable, which is the largest

3:52

donor advised fund. And that's why you lived in Boston for so long. You said

3:56

I lived in Boston. Exactly. I didn't get the connection. Fidelity's in Boston. Okay. Yeah.

3:59

Yeah. So when I left Fidelity,

4:03

I was involved with a large philanthropic project that I actually

4:07

am still involved with, where we were looking to try to understand

4:11

why the number of people in America are giving has been going down for

4:14

the last generation and what we can do to turn that around.

4:18

And as part of that, I met some folks from Blackbaud, and they were going

4:22

to be opening up this donor advise fund that they had

4:26

actually outsourced that activity before, and they wanted to bring it in

4:29

house. And so I joined them to start the Blackbaud giving

4:33

fund back in August of 2020. You named some of the

4:37

statistics that we've done since. So it's tied to

4:40

Blackbaud's product that does workplace giving,

4:44

offers it to corporations all across the United States.

4:48

And the biggest part of what we do is to take the funds

4:52

in from those workplace giving

4:55

programs and move them to the charities of the choice

4:59

of where the employees want to send them, from financial services

5:02

to the donor advice fund sponsored fidelity

5:06

going way off on the philanthropic project itself

5:10

to understand more about how this whole ecosystem works and

5:14

what we can do to change it. And then coming back to

5:17

operating a group again, that feels good to me, to be able

5:21

to do the kind of good that we do every day. I love that.

5:24

So we should definitely talk about fundraising

5:28

statistics and sort of the outlook for

5:32

this year. But one statistic that I

5:35

found that's related to our topic today, two thirds of

5:39

Americans say they donate money to charitable causes,

5:43

and 26 million people work for companies

5:47

that offer company match programs to

5:50

employees. So in your opinion,

5:54

how do the statistics around charitable

5:58

donations a role in shaping the landscape for

6:01

fundraisers? And what role do you see company match

6:05

programs playing? Yeah. So we've

6:09

all seen the statistics, and particularly in this project that I worked

6:12

on, it's not recent. I mean, the decline in

6:16

donors has been going on for literally a generation, since before

6:19

2000. And that's not stopping. The

6:23

numbers keep showing that the number of people in

6:26

America that give declines every year, and I think it

6:30

declined again in 2022 when giving us a

6:34

producer report. But I think some of it's

6:38

been hidden because the wealthy donors have kind of made up for

6:41

that. So if you just look at the funds flowing through, and you

6:45

only looked at how much money was coming into the

6:48

nonprofit sector from individuals up until

6:52

2023, it was growing every year. And mainly that was

6:55

because the wealthy were making up for what was going on

6:59

underneath with the average donor people, just

7:03

average citizen not being as active as they were in the

7:06

past. So I think we're kind of at a

7:10

crossroads here, because 2023, at least if it wasn't a blip, was

7:13

the first time that the wealthy didn't overcome the

7:17

volume of people giving on a smaller way. And it

7:21

creates a challenge, I think, for all of us to say, well, how do we,

7:24

how do we do this? And at the same time, we're up to over

7:28

1.4 million charities in America that are registered with the I.

7:33

If you go back 20 years, that was less than a million. So there's more

7:36

and more and more charities that are looking to do good

7:40

in the world and fewer donors.

7:43

And what I come down to is, as I've looked at this is, to

7:47

me, a lot of giving is reactionary.

7:51

Your friend is doing a run. They send you a note and say, hey, would

7:55

you sponsor my run for me? And you do that. I think what

7:59

we need is more intentional giving, where somebody is picking

8:02

out a cause that's important to them. They're finding a charity

8:06

that, or multiple charities that do

8:10

those things and create the kind of outcomes that society

8:13

needs. And they become more invested, they become

8:17

more engaged. I don't call it strategic, I call it intentional. They think

8:21

about it. It's something that they proactively do.

8:24

And I think there's some sources of giving

8:28

that naturally lend themselves to intentional giving.

8:31

One is a lot of nonprofits go to

8:35

sustainers. They try to build more sustainers. Well, what is a sustainer? A

8:38

sustainer is somebody who's intentional about giving to that particular charity.

8:42

Yes, they do it every month. That's got to be intentional. It's

8:46

important to them. Donor advise funds are another

8:49

situation, because they put the money into this account to get

8:53

it to be charitable funds, and then they take a second step

8:57

and decide where they want to give it. I always talk about use of

9:01

donor advised funds is there's two decisions the donor makes. One is

9:04

the head decision, getting the tax deduction and figuring out what

9:08

funds you're going to put away for a given. And then there's the heart decision,

9:12

which is which now, which causes are important to me, which charities

9:16

are important to me. And then when they use the fund to do that, they're

9:19

basically exhibiting this, what I call intentional behavior. And then the

9:23

third one that we've seen as I've gotten involved with the

9:27

workplace giving is from the workplace. And the idea

9:30

there is that there's two reasons why a company

9:34

would want to get involved with this. One is they're trying to get employees

9:38

that are more engaged so they can have employees be

9:41

retained. That's just a key component. And that's generational as

9:45

well. That's generational, absolutely. Because

9:48

70% of employees say they would like to work for a company

9:52

that has purpose. And so if you

9:56

match that 70% of the workers that are

9:59

looking for some sense of purpose, the idea of having

10:03

a workplace giving program matches that pretty well, because now the

10:07

company can support people's causes more broadly, but

10:11

also target things that represent what the company thinks

10:14

itself thinks is important. Which is the second reason why somebody does

10:18

workplace giving is more. It's more brand loyalty, it's more

10:22

brand awareness. It's their stake in the communities

10:25

that they operate in, because they're trying to demonstrate that

10:29

they provide good or purpose to

10:33

a broader sense than just what might happen to be the product that

10:37

they're selling. So an employee that's joining the workplace

10:40

giving, often, number one, they're younger than the average

10:44

donor that most nonprofits have, because they're like, the

10:48

average age of american employee today is 38.

10:52

I didn't know that. I'm taking a lot of notes. Okay. Average

10:56

age of the american employee is 38. Okay,

11:00

38. Right. And I know that with most

11:04

nonprofits out there, looked at their database and said, well, how old is my average

11:07

donor? 50 or north of

11:11

that. And so there's a good opportunity

11:15

here. There's 30 million people that are involved in these

11:18

programs. Maybe you said 26. Yeah. There's

11:22

no definitive number, but they're in somewhere in that

11:25

area that are participating in these programs. They're

11:29

younger. Many of them are doing something intentional

11:33

about giving for the first time. Up until this, they've been

11:36

reacting, and now they're in the workplace,

11:40

and they get involved with the give back week, and there's

11:44

programs that they can jump into, volunteer projects

11:48

that they can work on with their coworkers, and they're getting

11:52

involved. They're doing it collaboratively with their

11:55

coworkers, so they're getting some social aspect back from it,

11:59

which is important since we've had COVID and we've all been working

12:03

holed up in our offices. But then they're also learning about these

12:06

nonprofits and learning how sophisticated they are and what great work that they do,

12:10

and they're beginning to get engaged. And so

12:14

from my perspective, the workplace giving is that third point

12:18

of finding more intentional givers, and the benefit of finding

12:22

younger givers who have the means to give and can grow into

12:25

your mid and major gift donors as time goes on.

12:29

So interesting and so important to understand, because

12:33

in my line of work, where I work with organizations

12:37

on digital fundraising and social media, they're

12:41

always saying to me, where can we find younger donors? Where can we find younger

12:44

donors? And this seems to me to be like an untapped

12:47

pool of people that you just said,

12:51

70% want to work for a company that has

12:54

purpose. People want to be more intentional, and they want to

12:58

be less reactionary. And I completely

13:02

agree with that. And also, it's very generational. I think

13:05

nonprofits tend to treat all of their pools of

13:08

donors the same. So they would treat their silent generation,

13:12

baby boomer donors the same as they would their younger

13:16

millennials or their Gen Z donors. And it seems

13:19

clear that we need to have a different approach. Another point

13:23

I wanted to make, because it is a point I always make, is you talked

13:26

about the heart giving and the head giving.

13:30

And I always reference Aristotle, which might

13:33

seem very literally antiquated, but

13:37

Aristotle talks about ethos, pathos, and

13:40

logos as the only way to influence

13:44

someone. And it's exactly what you're talking about. You need

13:47

credibility, you need logic, and you need heart. Like, you need

13:51

that emotion. So I think I completely agree with you that

13:55

donors, there are a lot of donors that are looking not just

13:59

for that reactionary heart feeling.

14:02

They're also looking for that sort of logical conclusion

14:06

to give as well. Yeah, they want whatever resources

14:10

they have, whether it be talent or money, they

14:14

want it to be able to create an outcome, to create an impact, make

14:17

good. To me, that's the purpose side of what they're

14:21

doing. They want the world to be a better place. They

14:25

want their efforts to do it to show up as being,

14:28

hey, I'm making a difference here. Okay.

14:32

So we kind of talked about the why. Definitely, we gave nonprofits

14:36

some food for thought around why this is important.

14:40

But could you outline, I mean, don't to give us too much

14:44

detail. I don't want to put you on the spot that you have to memorize

14:46

all of this, but can you outline you talk about the

14:50

five and key engagement tactics that

14:53

nonprofits can employ to build and nurture

14:57

relationships with donors who have access

15:01

to corporate match programs? So can you talk maybe about

15:04

some of the key engagement tactics? Sure. Yeah. Let me just sort

15:08

of summarize them, and we can dive into any details that

15:12

we go forward. I think there's just some, what I call key

15:16

engagement tactics. Yes. The first one

15:19

is, if you're a nonprofit, is to make sure that

15:23

your cause is aligned with what the corporate

15:27

social mission is that builds

15:30

connectivity and builds purpose between the

15:33

corporation and you. It would also open their eyes to who

15:37

you are because they would recognize that you're in line with

15:41

what is important to them. So that's 1 second

15:44

is because they're looking for employee

15:48

engagement. Creating great volunteer opportunities here is

15:51

key. And I know volunteering is not an easy thing for

15:55

nonprofits to manage because it's very complicated. But the

15:59

more that you have very interesting volunteer

16:02

opportunities for these employees to participate in, the

16:06

greater chance you're going to have for getting that engagement with both

16:10

at the corporation and engagement with you. Third is to

16:13

partner with the company and learn together, and we can talk a little bit more

16:17

about how to start with the companies. But what I've seen

16:21

in corporate partnerships that we're involved with

16:25

is that corporations get their employees involved with helping manage

16:28

it, because at the very top of these corporate social

16:31

responsibility organizations, there's very few people. So they have

16:35

to leverage the employees to get going. As you work with

16:39

these nonprofits and have your give back week or even

16:42

an ongoing thing throughout the year, you don't get it right the first time.

16:46

But if the nonprofit can work together with the company,

16:50

they each get better at this, and it creates more

16:54

engagement and more volunteer hours and more money will

16:58

flow. The fourth is to communicate your cause and impact. And

17:01

we just kind of talked about that, right. Employees are interested

17:05

in the purpose and the impact. It's

17:08

really important for the nonprofit to be able to articulate what that

17:12

is and make it visible to those

17:15

employees. And it could be as simple as make sure your

17:18

candid profile is up to date, because many of these programs

17:22

will import data from aggregators like

17:25

Candid to show the employees what

17:29

options that they've got. And maybe LinkedIn. Yeah,

17:32

yeah, LinkedIn. It's candid. It's charity

17:36

navigator. It's on your social media, help

17:40

people understand who you are and what you're about on your website, same

17:44

thing. Make sure it's all up to date. A consistent theme, and up to

17:47

date throughout. Throughout. Then once

17:51

you're communicating, the fifth would be steward the

17:54

relationships. Recognize the employees that

17:58

joined your cause, and they show

18:02

up in your databases. If they don't show up in your databases,

18:06

they show up in the databases of these organizations, like the Blackbaud Giving

18:10

Fund, that are the ones that send the funds to

18:13

the charity. We all have platforms that

18:17

inform the nonprofit, what

18:20

company was involved and which employees were involved, and

18:24

the contact information of the employees. So it's your

18:28

chance to, once you discover them, is to

18:31

begin thanking them, understanding more about them, inviting

18:35

them back in. All the stuff that nonprofits know how to do really well,

18:38

but know that we're the sources, know that they came through this

18:43

workplace program. So I think my next question would

18:46

be sort of where to start. So how do we find

18:50

these companies that are aligned with our mission? Yeah,

18:54

that's a really good question. So, like, let's say here in Chapel

18:58

Hill, North Carolina, where I am, there's a triangle of three

19:01

cities, Raleigh Durham and Chapel Hill. And right in the middle of it, there's this

19:05

thing called the research Triangle park. There's literally hundreds of companies,

19:09

most of them high tech companies, that are working there. They may not have

19:12

their headquarters there, but they got big operations. And so if I

19:16

were a charity in this area, the first thing

19:20

I would do is start looking at what these companies do

19:24

and get a sense of, are there things that would likely line

19:27

up with me? And then you can go in under their annual reports,

19:31

they all talk about their social mission. It's particularly

19:35

in the last couple of years, from, let's say, 2021 through

19:38

2023, almost every annual report

19:42

has a component in there about what their social mission is.

19:45

And you can see what they're all about and what they're trying to accomplish. And

19:49

that gives you a sense of, okay, am I lined up with that

19:53

approach? Would there be a connection there? A

19:56

lot of them even produce, literally, a corporate social

20:00

responsibility report that they'll publish. And

20:04

you can read in depth all the things, all the things that they do. So

20:06

I think, to me, that's a starting point. And then

20:10

to look at your own donors and say, do I have any donors that

20:14

work for those companies and go through those

20:17

donors? Or you could literally contact the firm and say,

20:21

who's managing the corporate social responsibility programs in your

20:25

firm? And there's usually a department, might be a small department, but

20:29

they'll, you know, you'll get the email and you can, you can say, here's what

20:32

we do. Here's what we're thinking about, and introduce yourself. So

20:36

they're, they're more aware of who you are. They

20:39

are all searching for voluntary

20:42

opportunities because. And they can't, you know,

20:46

create them themselves because it's like three people that might be handling

20:50

volunteer activities for a company of 100,000. I mean, it's literally that

20:54

kind of scale that we're talking about. And so the more that they can

20:57

understand what programs can be offered to their employees

21:01

and which ones match, I think that's a really good place to start because

21:05

they're dying for great ideas because they want to get their people engaged.

21:09

I have an example. When I was a development director, I worked

21:13

at a domestic violence shelter, pretty small, you know, under 5

21:16

million budget, in Norfolk, Virginia.

21:20

And we were looking for

21:24

grants, and we actually found that

21:27

target. I'm not sure if this is true now. That was a while

21:31

ago, but they supported programs around domestic

21:34

violence prevention, outreach and support. And we

21:38

actually really built a great relationship with the local target. But as

21:42

part of that, they wanted more than

21:45

just, you know, providing a check. They really did want some

21:49

kind of volunteer opportunity, whether it was painting or whether it

21:53

was providing supplies for a birthday party

21:56

or obviously, they could not necessarily come and work, like inside the

22:00

shelter unless they went through our training and our orientation,

22:03

but they were willing to schlep furniture

22:07

around or take in kind donations and bring them back and

22:11

forth. So having that, like, thinking through

22:15

what can these employees do that's going to connect them to the

22:19

mission? This is not about exploiting clients. I

22:23

think a lot of my listeners might have

22:26

that misconception. We're not going to parade around our

22:29

clients to these corporate employees, but it is more

22:33

thinking strategically and intentionally about what are some of the things

22:37

that they could do or help out with or participate

22:40

in that are going to be a good fit for both the

22:44

company but also both the nonprofit. And that's

22:48

the key. And when we talk with our clients about

22:52

what real success looks like, they always say it's

22:56

an engagement that improves my employees

22:59

life, gives them some skills, gives them an opportunity to

23:03

enjoy what they're doing. There's all kinds of things about that that

23:07

say, that improve and also help the

23:10

nonprofit with something that they needed to do. And if you can combine those

23:14

two, then you've got the right kind of volunteer

23:17

activity. Yes. So to review the engagement

23:21

tactics, we have, number one, make sure that it's

23:24

aligned. Your mission and vision and values are

23:28

aligned with the corporate social mission,

23:31

where let's not just say, oh, this is a big company, they should give

23:34

us money. Right. If it does align

23:38

and you send the corporate social responsibility person an

23:42

email, it's gonna resonate with them. Yes. Right. And that's step

23:46

one. You gotta get their interest. And then if it doesn't

23:49

align, it's okay. Then we just move on to the next one.

23:54

The volunteer opportunities is number two. We talked about

23:57

three, partner and learn together.

24:02

Do you want to elaborate more on that? Is that more sort of like developing

24:06

these partnerships together, rather than just us coming

24:09

and saying, here's what we want? I think there's two things to it. There's a

24:13

planning component to it which allows you to get

24:17

engaged and figure out how to work with the company in terms

24:20

of what are we going to offer. A lot of times what happens is that

24:24

they put the responsibility to an employee

24:27

volunteer who has been doing this for four or five

24:31

years and has learned how to run these

24:35

programs. And so you do some planning with them, and

24:38

then the big part is afterwards you debrief and you say, what worked? What

24:42

didn't work, what could we do differently next time? Because then two things

24:46

will happen. One, you'll get better. Two is there'll be a next time, right. Because

24:50

you're already planning for the following year. So that's what we mean

24:54

by working together, because as time goes on, then

24:57

they're able to get more people engaged. You might be able

25:01

to balance. What if you ran an

25:05

effort and you got way too many volunteers that came that time and you got

25:09

overloaded? Well, let's adjust that and make sure that it's going

25:12

to work better next time. Those are the things that you just learn as

25:16

you go. And I think it's just an important part to just have a learning

25:19

loop in any of these activities that you do. I love that. Playing the

25:23

long game, not just saying, let's just get a check this

25:27

year, like not making it transactional. And actually, I think that speaks to

25:30

a lot of fundraising practices. You know, let's play the long

25:34

game. Let's make it more of a partnership, let's make it more

25:37

intentional, and let's figure out how we can create this

25:41

relationship long term. And then number four is probably my favorite.

25:45

Communicate impact, make it visible. What are

25:49

some ways that we can communicate impact in this kind of partnership and

25:52

relationship? Well, one way is a lot of

25:56

times corporations themselves help you do that because they're

26:00

trying to also demonstrate how, what kind of impact

26:03

that they're having. So they do these CSR reports.

26:07

They want to put a story in there to say what kind of impact that

26:11

they had. So I think it's as simple as

26:14

helping people know. Okay, how are you

26:18

carrying out your mission? What good are you doing in the

26:21

communities that you're working in? You know, if you're, you know,

26:25

running up a food bank, how many families

26:29

are you helping? And it's not rocket science. It's just the

26:33

basic things that you're doing that can demonstrate to people

26:36

that you're making an impact in the community. Yep.

26:40

Because that's what the corporations want to be able to do. Because they want to

26:44

be able to tell others that they were involved and helped those

26:47

organizations do that. Absolutely. And let's not

26:51

overthink it as nonprofits. I'm the worst overthinker in the

26:55

world. I know a lot of nonprofits overthink

26:58

how to communicate impact. But let's just keep it simple.

27:02

Let's make it easy for our company partners, our

27:05

corporate partners, to communicate it out to the employees. Let's not

27:09

overcomplicate it. Okay. And then stewarding the

27:13

relationship is, number five, what are some either examples

27:17

or maybe some tips that you have, like, how do we keep this relationship going

27:20

and stop it from maybe turning stale? Or how do we

27:24

just really keep it fresh and inspiring? Yeah. Well,

27:28

you have a list of volunteers that work with you. Yes. So

27:31

those people should be a list that you're following up with and

27:35

talking to and. And keeping them engaged in volunteering,

27:39

because they might then come back and volunteer outside the corporate event thing.

27:42

Right. Maybe they'll be on your board. Maybe they'll, you know,

27:46

run the event committee or something. Right, right, exactly. They also

27:50

have a lot of coworkers that go back and talk

27:53

about their experience and, you know, so you

27:57

could learn, begin to learn more about how just helping

28:01

them articulate your story to their

28:04

network. So you're getting to know. To know them a little

28:08

bit better, and then you're putting them into

28:12

an ongoing process of how can they support

28:15

you over the long haul, which then gets you into the

28:19

standard kind of stewardship things that nonprofits have been

28:23

doing for a long time. But the key is to recognize who they are and

28:26

how they came to you. Who they are and how they came to you.

28:30

They came to you. Right. Because if they came through the workplace,

28:34

remember, that's a more intentional person than if they

28:38

reacted to an email that they got at the end of the

28:42

year, right? Absolutely. They're already

28:45

predisposed toward helping you. This

28:48

relates so much to a lot of what I teach,

28:52

where if someone is running like a peer to peer

28:55

fundraiser. So, for instance, my friend Maggie is

28:59

doing the pan mass challenge and raising money. And I

29:03

gave Maggie money because I love Maggie.

29:06

She's raising money, you know, to support cancer research because of her

29:10

niece. It's like her story, her journey. Not that I wouldn't support

29:14

the pan mask challenge, but if they came to me,

29:18

I would be more inclined to look the other way. So

29:21

with that, it's reactionary giving,

29:25

but there's an opportunity for this organization

29:29

to cultivate me in an intentional way. But I

29:33

agree with you. I think we tend to lump all donors in

29:37

the same pool. But what you just said is

29:40

who they are and how they came to

29:44

you is so vital. And we

29:48

need to really understand that if we're going to increase

29:52

donor retention in any way. Would you agree with that? Recognize who they are and

29:55

then begin to understand those behaviors of those, of that

29:59

type of donor, and then treat them along those ways

30:03

and then it will grow? Well, okay, another

30:07

statistic we're going to. I want to talk about donor retention just for a minute,

30:10

because I think it really fits in with what we're talking

30:14

about is how to attract younger donors. How do

30:17

we reach new donors? How do we cultivate

30:21

this next generation? How do we build more individual donors? Because we

30:25

can see that it's kind of decimated across the sector. The

30:29

donor retention rate is really pretty

30:32

pathetically bad. Okay, so we know, I mean, 40,

30:36

between 40 and 45%. And

30:40

then I read, I believe, on the Blackbaud giving

30:43

fund blog, 23% of donors

30:47

churn just six months after their first donation, which

30:50

means almost 70% of donors give

30:54

only once to an organization. So

30:58

how can we encourage ongoing support from our donors?

31:02

I come back to this. Who's reactionary and who's

31:06

intentional? If I were running a nonprofit,

31:09

which I'm involved with, a couple of them at the board level, the

31:13

first thing I do is let's talk to the people that are intentional with

31:17

us, and let's make sure that they're good,

31:21

that they're staying with us, and that if they have more to

31:24

give, let's work that, because I think that's step

31:28

one. And then step two is to look for

31:32

other areas where you can find intentional donors.

31:36

And that's why I like the workplace, because I think it

31:39

is a source of, of new

31:42

donors that may not be intentional. Now

31:46

to you because they don't know about you, but they're getting

31:49

involved because they want to be involved.

31:53

Remember, they. 70% of people want to work for a company that has a social

31:57

purpose. They want to be participating then in that social purpose.

32:01

So I think that, you know, there's no magic

32:04

bullet here for nonprofits can do this. And I know there's

32:08

tons of different great strategies that fundraisers have

32:12

been put together with online, social media and all those

32:16

kinds of things. But I kind of look at the human side of

32:19

it, and I'm looking for how do we find people that can be

32:23

intentional? And that's why I like the workplace giving. I also like

32:27

daft giving. If you find a daft giver that's in

32:31

your database, boy, they should be somebody you should go after

32:34

because they made a proactive decision to give to you,

32:38

and they have money banked to give

32:42

again. Right. And so those are intentional givers that

32:46

are people that should be heavy in the stewardship

32:50

process because you got a better chance of developing

32:53

relationship with them. Oh, absolutely. The person that

32:57

supported their friend in the pan master. I love it. So really thinking

33:00

through, we love our reactionary

33:04

givers. We love them, we support them, but we can't

33:07

build our foundation on reactionary giving. That's, I think, what the mind

33:11

shift change that needs to happen, we need to start

33:15

building our infrastructure with the intentional givers,

33:19

stewarding them, cultivating them, communicating with them.

33:23

This is really, I'm just, my wheels are turning here. I think this

33:27

is a total culture shift from what we've been

33:30

doing and from what we feel

33:34

like might be the easiest solution. Acquiring new

33:38

donors, attracting new donors, fundraising on social media. Like, let's just

33:41

get that quick donation. Sure. To keep the lights on. That's very

33:45

important to get the reactionary givers, but we cannot

33:49

sustain it. We cannot sustain what we're doing without the intentional

33:52

givers. So we need to look for the pockets of them as

33:56

well. Yeah. Here's an idea. Come up with a metric for what's the retention

34:00

of your intentional donors. I love that

34:03

idea. That might be a better metric for us.

34:07

It won't be the full amount that you're raising, but there's a. It's a

34:10

core, right? It's a core that you can depend on. Yeah. And this is

34:14

why I kind of have an issue with the donor retention numbers. I think

34:18

that a lot of us give because

34:22

there are emergencies, or we might give because

34:25

there's something in the news, or we might give because we feel very passionately

34:29

about a cause that has gotten a lot of headlines or maybe it's political

34:33

season or whatever it might be. Sure, we're not going to give to

34:37

that year after year after year because it might just not be

34:40

feasible. But how are we, as

34:44

the small little bootstrapping nonprofits, the local

34:48

community nonprofits, looking at their donors, really

34:51

looking at like, who are the long term ones? How can we

34:55

keep them so just be more strategic overall,

34:59

unless just kind of fly by night? I'll share

35:03

one more, another statistic with you, and this is true in the donor advice

35:06

fund area, too. Over half, or about half,

35:10

maybe slightly over half of workplace givers, or even deaf

35:14

donors give locally, and they give about half of what they

35:17

give locally. They'll, you know, they'll support their alma mater and some other

35:21

large, you know, like the crisis of the day and that

35:25

kind of thing. But they all like to focus locally,

35:29

and that's an important thing, too, because a lot of, as you described, the

35:33

smaller, you know, bootstrap nonprofits, they're going to depend on

35:36

local donors. Absolutely. But the good news is that most of

35:40

the donors want to focus locally.

35:43

Absolutely. Well, this has really been, it's

35:47

been kind of eye opening for me. I love that what

35:51

we're talking about can really be data driven.

35:54

And there are ways to become more,

35:58

I guess, on our side, the nonprofit side, more intentional and

36:02

less reactionary. And really look at

36:06

where people are, where they came from, what are their passions?

36:10

How are they giving? When are they giving? Who are they giving to?

36:14

What spurred them to give? And looking for trends

36:18

and seeing how we can reach these really

36:21

untapped pools of donors like we're talking about in the workplace

36:25

giving programs or the corporate sponsorship programs. These are, I

36:28

think, not as tapped resources

36:32

as a lot of organizations are looking to.

36:36

They send their annual appeal letter. They preach to the choir, if you will, which

36:39

I think you should. But we should always be looking outward for some

36:43

new audiences to reach. So I really appreciate it.

36:46

Matt, where can people reach you? Where can they learn

36:50

more about your work and connect with

36:54

you? Our website for the Black Belt Gaming Fund is

36:58

full of information. We're getting more. We just launched a

37:01

blog last year, and we're adding to

37:05

content to it all the time. It's blackbaud

37:08

baud givingfund.org dot.

37:12

Blackbodgivingfund.org dot. Fantastic. That's so just really,

37:16

really helpful. Thank you for coming on and sharing all of this

37:19

fantastic advice with us. Been my pleasure. It's

37:23

been fun. Well, hey there. I wanted to say thank you for tuning into my show

37:34

and for listening all the way to the end. If you really enjoyed

37:37

today's conversation, make sure to subscribe to the show in your favorite

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podcast app, and you'll get new episodes downloaded as soon as they

37:45

come out. I would love if you left me a rating or a review,

37:49

because this tells other people that my podcast is worth

37:53

listening to, and then me and my guests can reach even more earbuds

37:56

and create even more impact. So that's pretty much it. I'll

38:00

be back soon with a brand new episode, but until then, you can

38:04

find me on Instagram. Uliacambel 77

38:08

keep changing the world, you nonprofit unicorn.

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