Fundraising activities for nonprofits are regulated by state laws. But what if they weren’t? What would your nonprofit do to prove to donors and your community that your organization is trustworthy and accountable? The answers might be simpler than you think.
Every nonprofit should follow best practices when it comes to donor relations and fundraising. Showing respect for your donors with a few simple steps goes a long way.
Start with a donor’s gift. Every gift, regardless of size or whether it is monetary or in-kind should receive a thank you and should receive it within 30 days of the gift. The gift acknowledgement should include your organization’s statement regarding IRS deductions.
A Donor’s gift designations should also be respected. If a donor makes a gift designated for specific program, that gift should not be put into general operating funds. Complete the project that the donor has given to and let them know about with an additional thank you and status report.