Individual Donors
Millions of people and families that give through penny drives, volunteer work, or even multimillion-dollar donations are considered individual donors. Even though the average personal donation is modest, the sum quickly grows.
However, individual donors are three types:
Moral Donor
When the moral value of a donor’s actions is focused mainly on the beneficial impact on other individuals, without regard to the consequences on the individual herself, the donor’s actions are regarded as “Altruistic.”.
Egoism Donor
Egoists donors y helping others in self-interest, such as intrinsic satisfaction, the expectation of reciprocation, the desire to gain respect or reputation, or the expectation of a reward in a putative afterlife.
Social Donor
The social donor is a friend, colleague, or family member who shared an email or social post or talked directly to them about a nonprofit cause or event. While traditional advertising and event marketing activities do play a role in how Social Donors hear about fundraisers, their main influencers are their social networks.
Sponsorship or Major Donors
Sponsorship or major donors fall under the second category of donors. These supporters have the power to make substantial donations to charities that can alter the course of the latter. Keep in mind that every large donor first becomes a prospect or new donor. Through relocation management, nonprofits can convert these potential donors into large ones.
Larger charities frequently employ separate personnel to deal with major contributors. For the year, this personnel will invest time in research, creating donor profiles, and corresponding with a select group of donors. Moves management is not a quick fix; it can be years before a prominent donor makes a gift to your cause. The objective is to identify people willing and able to donate and provide them with a program or initiative that motivates them to do so.
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Corporate Donors
Companies may choose to donate to a nonprofit because their CEO cares about the subject or because the organization has provided excellent marketing opportunities.
Customers now expect businesses to improve their communities in the age of social responsibility. Nonprofits might take advantage of this expectation by locating businesses that share their interests. Every year, businesses get a lot of sponsorship requests. Nonprofits can design sponsorship packages that boost a company’s credibility, offer outreach to a new client base, and raise brand visibility to get the greatest results.
Foundations
The final category of the donor is a foundation. These donors, who are also nonprofit institutions, can be found in organizations, families, or companies.
Funds grants often supply these funds and frequently focus on one or two issue areas. They will only provide assistance to NGOs with programs that address these issues.
It’s important to either create relationships with foundation leaders or start with those you already have when applying for funding with a foundation. Grant applications face stiff opposition. Funding opportunities will be better for organizations that take the time to establish these partnerships.