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Joe Boland
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FundRaising%20Success%20Virtual%20Conference%20%26%20Expo<%2Fa>%20held%20last%20Thursday%20(and%20available%20on-demand%20until%20Aug.%2024).%20Craver,%20founder%20of%20DonorTrends<%2Fa>%20and%20editor%20of%20TheAgitator.net<%2Fa>,%20said%20that%20is%20the%20reality%20today%20—%20with%20declining%20acquisition%20rates,%20rising%20acquisition%20costs,%20declining%20retention%20rates%20and%20declining%20income%20playing%20factors.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Farticle%2F12-steps-donor-retention-lapsed-donors-donor-acquisition-donor-renewal-tomorrow%2F" target="_blank" class="email" data-post-id="10427" type="icon_link">
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“You want to spend the most time and money with those people to reward that loyalty,” he said. How? Craver stressed that you don’t need a grand event. “What people like more than anything else is to know that they made a difference,” he shared.
Donors normally ask two questions when deciding to donate: Will my money make a difference, and did it make a difference? Implement a stewardship process that reports back to the donors on the impact of their gifts. Acknowledgment is key as well — anniversary cards (of gifts or membership), thank-yous, birthday cards, etc.
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