In this episode of "The Nonprofit Launch Plan Podcast," host Matt Stockman dives into two crucial, interconnected topics for your nonprofit's financial health: the incredible benefits of monthly giving programs and critical pitfalls to avoid with high-capacity donors. Discover how consistent support can provide peace of mind and predictability, and learn a simple formula to determine your ideal monthly ask. Plus, hear real-world case studies about the dangers of over-reliance on a few large donors and strategies to build a broad, diverse funding base for lasting impact.

In This Episode, You'll Discover:

• The Power of Consistent Support: Why establishing a monthly giving program is essential for stable, predictable income and more accurate budgeting.

• Deeper Donor Relationships: How monthly giving fosters a sense of partnership and transforms donors into highly engaged advocates for your mission.

• Crafting Your Monthly Ask: Two practical methods to determine what to ask for from your monthly supporters, including a per-unit cost approach and a formula based on your average single gift.

• Avoiding the "Single Donor Trap": The critical risks of relying too heavily on one or a few major donors, illustrated by compelling case studies.

• Strategies for Diversification: Why building a broad base of support from the outset is vital for your nonprofit's long-term sustainability and resilience.

Resources Mentioned:

• Book a Free Consultation with Matt: If you're facing a specific question or issue with your nonprofit, book a no-pressure, no-obligation chat with Matt to discuss your challenges and explore potential next steps. Find the link on the Nonprofit Launch Plan website. Contact | Nonprofit Launch Plan

• Free 5-Step Fundraising Workbook & Videos: Get free access to an easy-to-use workbook and 5 short videos that walk you through the essential steps to confidently invite others to partner with your nonprofit financially. Available at Nonprofit Launch Plan | Consulting & Fundraising for Nonprofits

Connect with Us:

• Website: nonprofitlaunchplan.com
• Email: matt@nonprofitlaunchplan.com
  
  
• Subscribe to the Podcast: Don't miss future episodes!