top of page
  • Writer's pictureKevin Leahy

5 Reasons Your Nonprofit Needs Gift Agreement Management


5 Reasons Your Nonprofit Needs Gift Agreement Management
5 Reasons Your Nonprofit Needs Gift Agreement Management

Gift Agreement Management focuses on the ‘Messy Middle’ portion of fundraising, from a donor’s commitment to closing the gift. When the necessary processes in the ‘Messy Middle’ linger on for days, weeks, or even months, the donor experience becomes the most at-risk and suffers. Implementing Gift Agreement Management benefits nonprofit organizations, the donor experience, and the entire fundraising team. Here are five reasons why.


5 Reasons Nonprofits Need Gift Agreement Management


1. Streamlined Processes

A gift agreement management platform automates and streamlines the process of creating, managing, and tracking gift agreements. This efficiency saves time and resources for both staff and donors, allowing fundraisers to focus on relationship development and the organization to focus more on mission-critical activities.


2. Enhanced Compliance

Nonprofits must adhere to legal and ethical standards when accepting gifts. A gift agreement management platform ensures compliance with regulatory requirements by providing templates that include necessary language and by facilitating proper documentation of gifts according to internal policies and external regulations.


3. Improved Donor Relations and Donor Experience

Clear and transparent communication with donors is essential for maintaining positive relationships. Additionally, making giving easy and rewarding for donors is what they’ve come to expect from all transactions – personal, business, or otherwise. A Gift Agreement Management solution improves donor communication with personalized and easily accessible information about their commitments. It also empowers donors to confirm commitments in a single click. When it comes time to pay for a gift, your Gift Agreement Management platform automatically reminds the donor – removing your fundraising team from the role of “bill collector.” With Gift Agreement Management in place, everyone in your organization can focus on donor engagements that convey impact, amplifying affinity.


4. Risk Mitigation

Misunderstandings or disputes related to gift terms can pose risks to nonprofit organizations. Gift Agreement Management solutions mitigate these risks by providing a centralized repository for all gift agreements, ensuring that terms are documented accurately and consistently. This reduces the likelihood of disputes and helps protect the organization's reputation.


5. Expanding Pledges & Multi-Year Giving

Gift Agreement Management solutions take the daunting work out of creating, sending, reviewing, approving, and filing gift agreements. In fact, Digital Gift Agreements can be created so quickly that fundraisers can create and confirm an agreement as they meet with a donor. This ability empowers organizations to think about gift agreements, such as pledges – including multi-year pledges – differently. No longer limited by the process that traditionally makes these agreements only worth it at the major gift level, organizations with a Gift Agreement Management platform are able to scale pledges and multi-year giving strategies to all levels of giving.


In summary, a Gift Agreement Management platform offers nonprofits a comprehensive solution for managing the entire gift agreement process, from creation to compliance to reporting, ultimately supporting the organization in achieving its fundraising goals and advancing its mission.


Givzey is the premier Gift Agreement Management platform. Click here to learn more about Givzey today.


71 views0 comments

Comments


bottom of page