Client Story - American Cancer Society
New fundraisers across the donor pipeline increased giving
A national organization with too few major gift officers, 1/3 of existing donors were leaving each year. Veritus helped them build their staff and strengthen the donor pipeline.
01. Problem / Challenge
The American Cancer society had many donors and not enough major gift fundraisers to steward them all. As a result, year-over-year value attrition was significant.
02. Solution
Working with Veritus Group, the Society added Major Gift Officers as well as mid-level officers. They developed plans to discover more about donor passions and communication preferences to ensure the right donors were in the correct part of the donor pipeline.
03. Results
In less than a year, 21 MGOs and 10 MLOs were trained and following The Veritus Way. Donor value attrition fell and over $9M was raised that would have been lost had the attrition trend continued.
“Veritus helped us get laser focused on our donor outreach, stewardship and cultivation. They provided the support and discipline that we needed to not only build this program but make it sustainable as well.”
– Ruth Ann Dailey
Senior Vice President, Philanthropy, American Cancer Society
The Results
82%
Increase in Revenue
By year two of the pilot program with Veritus, revenue increased by nearly 82% with additional revenue totaling $745,717.
105%
Turnaround in Value Attrition
After the first year of the pilot program with major gifts, value attrition improved by 105% (from -46% of value lost year over year, to +2.5% value retained). This means not only did existing donors stay; in aggregate they gave 2.5% more than they had previously.
77%
Average Increase in Giving Per Donor
During the pilot program, the value per donor increased by nearly 77% to an average gift of $5,215.
Inside a Turnaround
What the Organization Needed
ACS had too many major donors for their gift officers to connect with personally. In addition, their donor pipeline was suffering because mid-level donors weren’t getting any personal attention. Veritus Group recommended:
- Hiring more MGOs to place in key markets.
- MGOs would qualify donors and tier them to focus on high-quality donors that wanted a personal touch.
- Building communication plans to ensure donors were learning about impact
- Create business rules to ensure there was good collaboration between teams and that donors were in the right part of the pipeline.
After adopting Veritus Group’s recommendations, ACS added 31 positions nationally, who were trained in The Veritus Way. They adopted a clear set of guidelines to ensure donors were moved smoothly through the pipeline. The fundraisers worked to develop individual growth plans for all major donors and all mid-level tiers.
The Results
Heart
Personal Stories
Staff heard for the first time donors’ moving personal stories of how cancer had impacted their lives, or their families, and why they give.
20%
Lower Value Attrition
In the first nine months working with expanded and newly-trained staff, ACS lowered its donor value attrition average by 20%.
$6.5 MM
Increased Giving
In just 9 months of the partnership, nearly 500 managed, qualified donors increased their giving by a total of $6.5 million.