Giving Grows, but Religious Donations Still Slide
Great news for nonprofits was just released this week: donations grew in 2014! According to Giving USA, charitable giving in the United States increased by 7.1 percent overall, rising to $358 billion. This is even higher than the amount projected in 2013 and a level of giving unseen since before the Great Recession. Individual contributions made up 72 percent of the increase, so you can tell that people are feeling generous.
Another encouraging discovery: the ongoing upswing in charitable giving increased by 5.4 percent in 2014, far outpacing the five-year average growth rate of 3.4 percent.And once again, religious organizations received the largest share of charitable dollars (32 percent) and the estimated amount contributed to religion reached its highest value ever. The downside? As a percentage of charitable giving, religious donations remain in a 30-year slide. Dropping from 54 percent in 1987 to 32 percent today, religion is claiming an ever-shrinking piece of the charitable pie.So what is a faith-based nonprofit to do?First, be aware that there is ever-growing competition for your donors’ time, attention, and generosity.Excellent causes abound, and they’re all asking for the same dollars you are. Don’t let this discourage you from telling your story, but get comfortable with the idea that you might not be a donor’s top priority on a given day (and try again later, of course).Second, give your donors a reason to notice you and not the other guy.Inboxes are filled with tempting offers, social media is chock-a-block with interesting links, and other demands for attention are almost literally everywhere you can imagine. Consider what you are doing differently to stand out, and highlight what makes your cause unique.Third, follow up graciously.A thank-you note is certainly in order for every donation, but stories of what-happened-next speak to both donors and prospects alike. Demonstrating the good work that you do encourages potential donors to support your efforts and makes current donors consider giving more.The findings from the 2015 Giving USA report are encouraging, but this news is only the whipped cream on our delicious pie. Don’t eat your slice and assume more is always on the way! Many ingredients are needed and we’ve got to keep doing the work that mixes them all together.To learn how GiveCentral has helped hundreds of organizations find the right mix, just ask! Sign up for a webinar or contact us here