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076. Trends in direct fundraising: keeping it real with Erica Waasdorp

076. Trends in direct fundraising: keeping it real with Erica Waasdorp

FromNGO Soul + Strategy


076. Trends in direct fundraising: keeping it real with Erica Waasdorp

FromNGO Soul + Strategy

ratings:
Length:
57 minutes
Released:
Jun 15, 2024
Format:
Podcast episode

Description

SummaryWhat constitutes a culture of philanthropy within nonprofits and NGOs? It's a term easily bandied around, but how do I see when it's in place?How has the field of direct giving by small donors, and monthly giving as one donor practice in particular changed in the last 10-20 years?Are there hurdles to be overcome in persuading donors to adopt monthly giving? Finally, there is a lot of discussion about the need for a shift towards ethical storytelling, with local program participants in the driver's seat, and while focusing on the local person's agency. The raison d'etre for this is clear; however, is this aligned with what motivates donors (at least in traditional fundraising 'markets') to give? In this NGO Soul+Strategy podcast episode, I interview Erica Waasdorp, President of A Direct Solution, a consulting agency with expertise in direct giving and monthly giving, on trends in direct fundraising.Erica's Bio:Author and Speaker, and a Master Trainer affiliated with the Association for Fundraising ProfessionalsExpertise in Direct Marketing, Monthly Giving, International FundraisingUS Ambassador for the International Fundraising Congress (IFC)Before launching A Direct Solution, she held several consulting, coaching and direct marketing roles in various consulting agencies, nonprofits, and in the publishing industry. We discuss - particularly with regard to the US donor arena: Online donations have blossomed since 2011, to the point where people now have access to many online payment platforms, donation-by-text, etc.Religious people are more generous than non-religious people; and so are low to mid-income people (in relative terms, as a proportion of their income), as compared to wealthy peopleMonthly giving is an important strategy to underpin financial sustainability since it guarantees nonprofits potentially significant levels of dependable unrestricted revenue; this in turn allows the agency to do long-term planning.In the short term, when setting up monthly giving as one avenue, it is more capacity and resource-intensive for an agencyMonthly giving as one donation strategy has been around for decades, but many nonprofits have only started focusing on it in a serious way in the last 10 or so yearsThere is some tension between the NGO sector’s aspired direction of ethical, authentic storytelling – what Erica calls ‘the complete story’ --, that starts from a program participant’s strengths and assets and the opportunities they have rather than from a deficit perspective, and the need of donors to feel that they contribute to a clear need. This tension is not yet fully acknowledged.Intermediary nonprofit ranking and rating sites (e.g. Guidestar, Charity Navigator, Give Well, etc in a US context) fulfill a donor’s felt need for transparency and the ability to trust an agency, but such data is unlikely to shape  donation behavior of new donors in a major way. Child sponsorships are likely to continue as a vehicle for fundraising, but at a lower level than before. Many nonprofits’ donor pools are aging (a lot), and this will remain the case till current day Millenials and subsequent generations age themselves. Resources:Erica’s LinkedIn ProfileA Direct Solution consulting agency, founded by Erica (the site provides lots of free resources on direct fundraising) YouTube vid
Released:
Jun 15, 2024
Format:
Podcast episode

Titles in the series (76)

Welcome to my podcast NGO Soul + Strategy – a podcast for leaders of NGOs and other philanthropic organizations who are not satisfied with the status quo, are ready to look change right in the eye and who see themselves as leader-as-learner.