Imagine the great work your organization could do if you knew you would have several thousand more dollars each month for the foreseeable future. That kind of regular income can shift many nonprofits away from constantly worrying about money to expanding their programs and properly paying their staff.
That’s why monthly giving can be a lifesaver for your nonprofit. Unlike one-time gifts, recurring donations create a steady stream of income. What’s more, that income will keep growing over time, giving you a reliable source of revenue that you can depend on.
Monthly giving programs are a crucial part of the fundraising strategy for nonprofits and allow you to generate more donations on a recurring basis. These monthly gifts provide an important source of steady revenue so you can plan your budget, make strategic decisions, or offer predictable funding in response to emergencies.
In this post, we’ll discuss the importance of monthly giving and give you a step-by-step strategy for…