What makes a donor newsletter "great"?
The only objective measure is revenue.
Revenue tells you whether your publication is working.
High-performance donor newsletters — i.e., those that bring in eye-popping amounts of charity — have certain characteristics.
When a donor newsletter gives readers what they crave (basically, a feeling that they've made a difference), charitable income rises, in two ways.
- It rises immediately, as more gifts arrive in response to a particular issue.
- And it rises indirectly, long-term ... because a great donor newsletter nurtures the organization's so-called "culture of philanthropy."
A great donor newsletter constantly reminds your "supporter family" how important they are. Hence, the newsletter provides donors with a regular source of rich emotional gratification. Result? As your donors become aware of just how vital they are to the success of your mission, your charity will see improvements in those donors' Lifetime Value (LTV).
Retention is the bottom-line goal
Top researchers like Prof. Adrian Sargeant and psychologist Jen Shang consider Lifetime Value fundraising's most important metric.
LTV is the amount a donor will give totally, from first gift to last, from acquisition to bequest. The problem (or opportunity) is: most charities realize only a tiny fraction of their potential LTV, because most new donors don't stay with them long.
Retention is the "new black" in fundraising. For decades, acquisition ruled. But the data is now clear: organizations lose their new "charity customers" (i.e., new donors) remarkably fast. Blackbaud's chief scientist, Chuck Longfield, reported in 2013 that 70 percent of first-time donors are gone within a year. And his sample is vast.
US charities have a serious, undiagnosed disease: they're hemorrhaging donors. What's the cure: do a better job of holding your donors close. It's easy enough.