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What is a recurring donation?

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Giving X

Lvl 5
2y ago
Updated: 5/18/2023

A recurring donation is one where an organization receives donations periodically. It can be weekly, monthly, quarterly, half-yearly, or annually. Here, the donor chooses to do the funding for a longer period. This helps nonprofits to reach their long-term fundraising goals and objectives. With this, the nonprofit secures its financial stability and has a higher retention rate in terms of donors.

Nevertheless, receiving recurring funds over a long period of time is a challenging task. Donors consider a lot of factors like authenticity, effectiveness, and other factors before entering into such a deal. As an organization, you have to chalk out a detailed recurring revenue program for a better conversion rate.

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Giving X

Lvl 5
2y ago

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