What Is Donor Retention?
Retention is the second phase of the donor lifecycle, which entails engaging existing donors so that they continue to give to the organization each year. By doing so, you have retained that donor. Retention efforts include encouraging a donor to give on a set schedule and interacting with them regularly so that they feel valued.
How Does Retention Come Into Play With The Donor Lifecycle?
Retention is the second phase of the donor lifecycle, in between Acquisition and Upgrade. Once clients are brought into the organization and make a donation, the goal is to retain them so that they continue to give year after year.
Why It Matters
Bringing clients and donors into the organization is only the first step to securing financial capital. A lot of time, energy, and resources went into marketing and networking to turn these connections into donations. The retention phase is important because retaining clients as donors year after year means these efforts aren’t wasted, and they continue to serve the organization for years to come.
Donor Retention In Practice
Retention ensures that nonprofits don’t waste the hard effort it took to bring new donors to the organization and that financial capital continues to come into the organization.
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