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For non-profit organizations, fundraising is a crucial aspect of their operations. However, getting donors to give is only half the battle. The real challenge lies in retaining those donors over the long-term and increasing their lifetime value. This is where understanding the psychology of giving comes into play.
It may feel counterintuitive, but talking about the problem that your non-profit is organized to address is the real way to motivate giving. The post Why Talking About the Problem Is So Difficult appeared first on Veritus Group.
Despite the lack of tax-deduction for donors, there remain many benefits of entering into a social sponsorship. Section 501(c)(4) organizations and projects working with a social sponsor do not pay federal income tax on their net income (or profit), like Section 501(c)(3) organizations, and unlike for-profit organizations.
A year later, they re-sent to the non-responders. 2] In one experiment, explaining that asking people to sign a petition was, ultimately, just a way to get either customers (for-profit) or donations (nonprofit) had little impact on the rating of for-profit organizations. It included the same types of questions near the end.
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