))
Beyond the Big Gift: Building a Resilient Nonprofit with Consistent Support
Manage episode 495134669 series 3647672
Content provided by Nonprofit Launch Plan and Matt Stockman. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nonprofit Launch Plan and Matt Stockman or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In this episode of "The Nonprofit Launch Plan Podcast," host Matt Stockman dives into two crucial, interconnected topics for your nonprofit's financial health: the incredible benefits of monthly giving programs and critical pitfalls to avoid with high-capacity donors. Discover how consistent support can provide peace of mind and predictability, and learn a simple formula to determine your ideal monthly ask. Plus, hear real-world case studies about the dangers of over-reliance on a few large donors and strategies to build a broad, diverse funding base for lasting impact.
In This Episode, You'll Discover:
- The Power of Consistent Support: Why establishing a monthly giving program is essential for stable, predictable income and more accurate budgeting.
- Deeper Donor Relationships: How monthly giving fosters a sense of partnership and transforms donors into highly engaged advocates for your mission.
- Crafting Your Monthly Ask: Two practical methods to determine what to ask for from your monthly supporters, including a per-unit cost approach and a formula based on your average single gift.
- Avoiding the "Single Donor Trap": The critical risks of relying too heavily on one or a few major donors, illustrated by compelling case studies.
- Strategies for Diversification: Why building a broad base of support from the outset is vital for your nonprofit's long-term sustainability and resilience.
Resources Mentioned:
- Book a Free Consultation with Matt: If you're facing a specific question or issue with your nonprofit, book a no-pressure, no-obligation chat with Matt to discuss your challenges and explore potential next steps. Find the link on the Nonprofit Launch Plan website. Contact | Nonprofit Launch Plan
- Free 5-Step Fundraising Workbook & Videos: Get free access to an easy-to-use workbook and 5 short videos that walk you through the essential steps to confidently invite others to partner with your nonprofit financially. Available at Nonprofit Launch Plan | Consulting & Fundraising for Nonprofits
Connect with Us:
- Website: nonprofitlaunchplan.com
- Email: [email protected]
- Subscribe to the Podcast: Don't miss future episodes!
20 episodes
Share
