New Math For Fundraisers
Here’s a fundraising scenario and projection for you to play with.
Assume your nonprofit has 100,000 active donors, 15% of whom are "missionaries" — that’s the proportion of donors who, in our DonorTrends survey, consider themselves active recruiters for at least one cause or charity they support. Your nonprofit might have a bigger or smaller cadre of missionaries. Do you know?
Then let’s assume one-third of those missionaries have a personal site on Facebook or MySpace. Recent Pew data we reported last week indicates 35% of adults have a social network profile.
Now, let’s ask them to raise some money for your latest urgent project or need.
Here’s what the math might look like:
100,000 donors x 15% = 15,000 missionaries
15,000 missionaries x 33% = 5,000 social net recruiters
50% of these recruiters rise to the challenge = 2,500 personal fundraisers
(too high? … this engagement is what they say they thrive on)
2,500 personal fundraisers each reach out to 10 online friends, 50% of whom contribute = 12,500 new donors (too high? … I’ve seen reports of even higher response rates)
12,500 new donors x $35 average gift = $437,500
(too high? … if anything, looking at average online gifts across many nonprofits, too conservative)
And each of those 2,500 personal fundraisers also gave $35 themselves = $87,500
Total return = $525,000 + 12,500 new donors
(and, of course, many of the non-recruiting missonaries will have contributed personally)
Return per personal fundraiser = $210
Total cost = negligable
Go ahead. Pick this scenario apart. Give us yours. Then go find some missionaries! Oh … and what would you be prepared to invest to get one of them?!