It's Not Too Late to Fundraise in 08!!!

Now more than ever, your organization needs funds- what better way to get them than from your committed donors- especially those that lapsed in the final months of 2008.
These donors, traditionally called LYBUNT (for Last Year But Unfortunately Not This year) is a goldmine for your organization to target. If they gave in 2007 but not in 2008, why didn't they respond? What is it temporary? Perhaps things have changed?
I have the fortune to be involved in several community organizations, and in one of them, I emailed them two weeks ago to target their LYBUNT donors. Since they use DonorPerfect Online, it was easy- simply create a filter where Last Year's Calendar Year Giving (2008) = 0 and 2 Years Ago Calendar Giving > 0.
(We use last year and 2 years ago because we are running this in 2009. If we use Current Calendar Year To Date, it would only include those donations this month in 2009- that's not what we want)
We then created a Word template and used the automatic-merge functionality in DonorPerfect and mailed the letters. We used a very emotional story soliciting funds from our once dedicated supporters.
The end result? Guilt works. We hit a home run and raised an additional 12% of our annual 2008 total that we would likely not receive in the future. Best of all, these donors became re-activated donors, ready to give again in the future.
So go ahead, blame the economy but DO something about it. Use the LYBUNT feature in your fundraising software (like DonorPerfect) to raise more money!
Labels: Economy, Lapsed Donors, LYBUNT




