I run a large-ish non-profit and do fundraising forecasting. It’s definitely helpful to have a credible commitment for future donating since we can make plans based on that (or some credibility-discounted version of that), whereas otherwise we just make plans based on the initial cash.
I think monthly donations help establish credibility much faster (because over say six months you can see that the donation occurred six times whereas the yearly donation only occurs once) but you could also say something explicit to the non-profit like “I’m going to give you $X now and $X next year”.
The main thing though is just being honest about your intentions. If you are going to rethink your donations every year or every month (very reasonable to do) you definitely don’t want the non-profit thinking you’d keep donating regularly.
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If you run a non-profit, what percentage of a donation would you forfeit to have the donation come monthly, rather than yearly?
I’m not sure I’d sacrifice anything for this since the cash is the same either way. It’s just you leaving value on the table if you are going to donate in a recurring way but don’t let anyone know.
I run a large-ish non-profit and do fundraising forecasting. It’s definitely helpful to have a credible commitment for future donating since we can make plans based on that (or some credibility-discounted version of that), whereas otherwise we just make plans based on the initial cash.
I think monthly donations help establish credibility much faster (because over say six months you can see that the donation occurred six times whereas the yearly donation only occurs once) but you could also say something explicit to the non-profit like “I’m going to give you $X now and $X next year”.
The main thing though is just being honest about your intentions. If you are going to rethink your donations every year or every month (very reasonable to do) you definitely don’t want the non-profit thinking you’d keep donating regularly.
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I’m not sure I’d sacrifice anything for this since the cash is the same either way. It’s just you leaving value on the table if you are going to donate in a recurring way but don’t let anyone know.