Donor retention guide: 7 strategies for fundraising success
- Fundraising ideas
- Nonprofits
- Donor Engagement
Imagine your nonprofit organization is just a few weeks or days away from hosting a fully planned-out, in-person fundraising event. You already reserved the event space, sold tickets, and secured thousands of dollars in event sponsorships. Then something out of your control comes up, and you have to cancel. What do you do? Should you try to reschedule? Consider refunding tickets? Send an apology email?
If your nonprofit organization is considering canceling a fundraising event for any reason, there are plenty of steps you can take before deciding to refund valuable donations. We’ll walk you through the decision-making process and provide options for what you can do instead of canceling events. Let’s get started.
Before deciding to cancel, first determine if you can feasibly reschedule the event. Gather information from your sponsors and vendors, convene your board, and really think it through. Here are a few questions to help you get started:
Making the decision as soon as possible on whether you can reschedule will reduce uncertainty among your staff and in your community. If you and your board can arrange a new date, let your attendees know right away. You may have to issue a few refunds for those who can no longer attend, but rescheduling will save you much more money overall than canceling.
If you determine that you can’t realistically reschedule the event, you could try hosting it virtually rather than in person. You can approach this next step as an outstanding chance to embrace technology and try new things.
By turning your event virtual, you can keep the original date and the majority of your attendees. Start by identifying a minimum of three ideas for online events that raise awareness and support for your nonprofit. Here are a few creative options to consider:
Fundraising event software like Bonterra Donor Engagement’s Guided Fundraising solution (formerly Network for Good) makes hosting virtual events and communicating with donors much easier. Plus, quality platforms come with plenty of features designed to give attendees the same community feel as in-person events. You may even attract additional guests by expanding your event’s reach online.
If you can’t reschedule or make your event virtual, the final step is to keep your donors in the loop while you explore other options. Make sure to contact everyone previously invited to the event at least twice a month. Be transparent about the reasons for postponing your decision, and let them know that you’re actively working to find a solution.
In the meantime, consider launching educational social media posts or an email series to highlight your nonprofit’s work and testimonials from beneficiaries. Talk about the initiatives in progress and ask your audience for feedback.
When you consider canceling an event, do yourself and everyone who cares about your organization a favor and act quickly. Eliminate uncertainty as much as possible, adapt to your current situation, and be transparent with donors until you find a solution that works for everyone.
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