November 21, 2024
AI Can Be Your Most Powerful Tool for Growing Midlevel Giving
Tips and best practices for building a reliable and efficient task management process.
Using Dataro’s AI-powered propensity modelling, the Wilderness Society implemented a monthly Regular Giving calling campaign and almost doubled their baseline conversion response rate. By calling existing cash donors with the highest likelihood to convert to regular giving, the Wilderness Society team were able to convert 48 new regular givers over 5 months with an ROI of 2.2. Assuming each regular donor gives a further 18 monthly gifts, the calling campaign will raise an estimated $14,172 in net income in monthly gifts, with a cost per acquisition of $137.
Dataro’s Convert to Regular Giving propensity model was implemented directly within the Wilderness Society’s Blackbaud CRM.
Using machine learning, the Dataro model generated propensity scores for all of the Wilderness Society’s active cash donors, providing a prediction of how likely each donor would be to convert their occasional giving to a regular donation, if asked. These scores were then seamlessly integrated into the Wilderness Society’s CRM against the donor record both as a percentage and rank.
The Wilderness Society team set up a monthly query in their CRM to pull a list of the top 250 donors with the highest RG Convert Scores.
Armed with the list of donors with the highest likelihood of becoming a regular giver, the internal Supporter Engagement specialists implemented a monthly RG Conversion calling campaign*. The objective of the call was to thank donors for their existing support, share the impact of their previous donations and present them with a new opportunity to give in an even more meaningful way – by signing up to become a regular giver.
*The organisation previously ran a regular giving calling campaign every six months.
Previously the Wilderness Society ran larger regular giving conversion calling batches twice per year, making selections using the recency frequency value model. The calls were made by an external agency.
Using Dataro’s AI propensity model, the Wilderness Society Supporter Engagement team were able to accurately identify which cash donors would likely respond to a regular giving ask, moving to calling smaller lists more regularly. Calling the right donors each month, with the right message of thanks and a well-framed request for further support, the new internal calling team successfully converted 11% of donors called – almost double their typical calling campaign response rate of 6%.
The team also reported having quality conversations with all donors called, improving donor engagement in the process.
Four months after the regular giving convert calling campaign was implemented, we saw:
Nonprofits using AI to identify their most likely regular givers can improve their calling campaign conversion rates and lower their cost per acquisition. That’s because they are calling only those most likely to respond to a regular giving ask.
Charities not using machine learning are at risk of wasting time and money, calling donors who are not likely to become a regular giver and potentially not calling donors who would have converted. That means money for their cause is being left on the table.
Also, regular givers typically continue their giving for more than two years and the LTV of a regular giver is higher than that of one-time donors. Cash donors who convert to regular givers typically also continue their cash giving and have lower churn rates, so these donors are among the most valuable to nonprofits.
It's much easier and more cost effective to convert existing cash donors to regular givers than it is to attract new donors. With the help of Dataro's AI software each month we can predict which of our existing cash donors are likely to respond to a regular giving ask from us at that particular point in time. By targeting the right people, at the right time, we've been able to more than double the conversion rate we’ve achieved previously. We’re thrilled with the results.
Kenny Forshaw
Supporter Care Manager
The Wilderness Society