Sunday, November 24, 2024

A Comprehensive Guide to Year-End Giving


Once we hit November and we’ve gotten through Halloween, Daylight Savings Time, and the first frost, it’s officially the holiday season – and for nonprofits, that means it’s also time for year-end giving campaigns.

Nonprofits receive 50% of their annual donations between October and December. Why is year-end giving such a big deal? The reason is twofold: first, it makes sense to align with the holidays, a time of generosity and giving back.

It’s marketable, it’s ripe for good storytelling, and can ease the process of coming up with a fresh campaign concept.

Second, year-end giving gives nonprofits an opportunity to use a big chunk of their resources to meet their annual fundraising goals, and it gives donors a last chance to get a tax-deductible gift out the door.

Not only that, but with the move to more and more online giving, events like GivingTuesday have become an even more important part of your fundraising calendar.

At CauseVox, we’re all about helping everyone to meet their goals – donors and the causes they support. We want to help nonprofits that implement year-end fundraising campaigns be successful.

This guide will help you to outline and develop a year-end fundraising campaign that works for your organization and your donors, specifically curated to your needs in 2024. We’ll be covering:

Creating A Plan For Year-End Giving 2024

We took an in-depth look at Fiver’s campaigns from the last couple of years. In 2021, they set a goal of raising $50,000 (an increase from their $40,000 goal in 2020) for their combined GivingTuesday/year-end fundraiser to raise funds for their summer camp and growing their impact.

Fiver-giving-tuesday-2021

To get the details behind their successes, we spoke to Melissa Benjamin, Fiver’s Director of Development. By focusing on alumni as givers and integrating a GivingTuesday campaign with their year-end strategy they have been incredibly successful. When asked, Melissa mentioned having a strong fundraising strategy begins with having a strong plan in place ahead of time.

The most important thing to determine before developing a strategy for your year-end fundraising campaign is a goal. Goals don’t come out of thin air. They should come from your programmatic needs. Do a review of your annual projections and goals, and look at what you need. Ask these questions:

  • Is there a project you want to get funded for immediate use, before the end of the year or early into next year?
  • Will the money be used much further down the road?
  • Are you funding programs or operations or both?
  • What is a realistic goal for the timeline and your community?
  • Is it best to create a monetary goal or one based on impact metrics?
  • Will you have partner or major donor support through a matching gift?
  • What are you expecting to change in the upcoming year?

Your answers to these questions should help you to determine the type of campaign you want to create, and how you do it. A year-end campaign with a goal of $5,000 is much different than one set at $100,000. Urgently-needed funds will also make a difference in your messaging and timeline as opposed to funds that can be used in a year or two.

Ideally, you’ll want to have your plans in process during August and September, with October as your final prep time. For Fiver, one of their big prep steps is getting board members and donors to commit to a large match. That match made a big impact in incentivizing younger donors who tended to give smaller amounts. Thanks to the match, Fiver was able to set an impressive goal of $100,000.

When setting your own goal, use the SMART principles approach, making sure it’s Specific, Measurable, Attainable, Relevant, and Timely. Learn more about this and how to create the fundraising goal that’s right for you in our guide.

Aligning Year-End Giving With GivingTuesday

Without a doubt, the addition of GivingTuesday to the holidays has made a major impact on year-end giving. In 2024, organizations nationwide raised $3.1 billion online on GivingTuesday.

The annual 24-hour giving day, created to counter the retail-heavy push that begins with Black Friday, has thousands of nonprofits, businesses, city governments, and other institutions participating in a drive to highlight generosity and partnership for good.

GivingTuesday is November December 3rd this year, and it’s a prime time for nonprofits to kick off or amp up their year-end campaigns.

We’ve seen many of our own users integrate GivingTuesday into their year-end fundraising campaigns, and we strongly recommend you consider it.

Fiver uses their GivingTuesday campaign to launch their year-end fundraising. This gave them a head start on their larger campaign while helping donors understand the long term goals.

Craft a strong year-end appeal by sourcing your content early. For Fiver, this means pulling client testimonials from thank you letters written by program participants or through phone interviews with families.

The neat thing about Fiver is that there is time is built in for program staff to collect and story bank client testimonials, which means they’re not scrambling at the end. A good story is an incredible tool and whatever quote or story you decide to use, make sure it’s relatable and clear. 

As you can see, they ended up surpassing their goal by almost $3,000 in 2020 and 2021!

Fiver-giving-tuesday-campaign-2021

If you’re strapped for resources and don’t have the bandwidth to develop a full-fledged fundraising campaign, GivingTuesday could be a great easy way to get out there and steadily work towards your overall goals.

And if you have a big end-of-year idea or you’re set on your tried and true concept, it still may make sense to incorporate GivingTuesday into your plan. Here’s why:

  • Extra attention and spotlight thanks to high publicity around GivingTuesday
  • Plug-and-play tools and assets from our free Year-End & GivingTuesday Toolkit and from GivingTuesday.org to help market your campaign
  • More participants ultimately means more support for the nonprofit community overall

Download Your Free Year-End & GivingTuesday Fundraising Toolkit: