{"id":46523,"date":"2022-01-31T00:00:00","date_gmt":"2022-01-31T00:00:00","guid":{"rendered":"https:\/\/www.causevox.com\/?p=46523"},"modified":"2024-12-16T23:10:28","modified_gmt":"2024-12-16T23:10:28","slug":"6-ways-to-use-pledge-now-pay-later-in-your-fundraising-campaigns","status":"publish","type":"post","link":"https:\/\/www.causevox.com\/blog\/6-ways-to-use-pledge-now-pay-later-in-your-fundraising-campaigns\/","title":{"rendered":"6 Ways To Use Pledge Donations In Your Fundraising Campaigns"},"content":{"rendered":"\n

Looking for ways to increase gift size and<\/em> have a predictable source of donor revenue, month after month? CauseVox has a state-of-the-art pledge donation<\/a> option (similar to buy now, pay later for donors!) that\u2019s designed to help you get more online pledges and automatically fulfill them. It\u2019s a great way to expand the scope of your campaigns, from capital campaigns and sponsorships, to peer-to-peer campaigns and galas. Online pledge donations are the future of fundraising; getting started now will put you in a strong position for future campaigns.<\/p>\n\n\n\n

A pledge donation option gives the people what they want. In CauseVox\u2019s Pledge Donation Survey<\/a>, respondents indicated that not only do they prefer an installment option for donations, but this option would lead them to give larger gifts more frequently. Plus, our survey indicated that installment payments are only increasing in popularity, especially with the 22-44 year old demographic.<\/p>\n\n\n\n

\"pledge-now-pay-later-donations\"<\/figure>\n\n\n\n

How To Use Pledge Donations In Your Fundraising Campaigns<\/h2>\n\n\n\n

The best part about pledge donations? They’re applicable to just about anything! The flexibility extends to both your team and your donors. You can use pledges for something as large as a capital campaign<\/a> or virtual gala<\/a>, or as simple as making it an additional feature on your website donation form. <\/p>\n\n\n\n

Here are 6 ways to use pledge donations to boost your fundraising!<\/p>\n\n\n\n

1. Capital Campaigns<\/h3>\n\n\n\n

The Phi Epsilon chapter of Chi Omega at Ball State University is offering pledges as part of their capital campaign<\/a> to invest in a new community lodge. Similarly, Sigma Chi at the University of Florida incorporated pledges into their campaign to raise funds for a new chapter house<\/a>.<\/p>\n\n\n\n

\"pledge-now-pay-later-capital-campaign\"
Sigma Chi at the University of Florida’s Pledge Donation Form<\/figcaption><\/figure>\n\n\n\n

Pledge donations are especially great for this kind of ongoing campaign, which often lasts years. Pledge donations establish a steady stream of predictable income from donors, ensuring that you will have regular funds coming in for the duration of the campaign.<\/p>\n\n\n\n

The form automatically breaks down the pledge amount monthly from 12-60 months, or annually from 2-5 years.<\/p>\n\n\n\n

This lets donors spread their donation out over months, in the way that works best for them, an easy and convenient method works best for everyone.  <\/p>\n\n\n\n

2. Sponsorships<\/h3>\n\n\n\n

Pledges can help simplify your sponsorships, as well. Businesses, organizations, or individual sponsors often have budget constraints that might benefit from more flexible payment plans. Incorporating pledges will help you expand your net of possible sponsors.<\/p>\n\n\n\n

3. Website Donation Forms<\/h3>\n\n\n\n

Make your website donation form<\/a> even more flexible by adding a pledge option. With CauseVox’s pledge donation option, donors can select a preset amount, or choose a custom pledge. They\u2019ll be billed automatically for the first, and then CauseVox will take care of the rest, billing all future installments according to the donor\u2019s schedule, and automatically sending out an installment receipts after each charge.<\/p>\n\n\n\n

4. Replace Monthly Recurring Donations With Pledge Donations<\/h3>\n\n\n\n

Give your staff a break and simplify their workflow by transferring your monthly recurring donations over to pledge donations. Rather than chasing down donors, or sending out renewal forms and applications, streamline the process by using CauseVox\u2019s pledge donation feature. Your staff (and your board!) will thank you, especially when they see all the new donations rolling in.<\/p>\n\n\n\n

5. Peer-to-Peer Campaigns<\/h3>\n\n\n\n

Adding pledge donations to your peer-to-peer fundraising campaigns<\/a> is a great way to amplify your reach and help you source more pledges from a wider audience than ever before, particularly among the younger, 22-44-year-olds who are much more inclined toward installment payments.<\/p>\n\n\n\n

\"pledge-now-pay-later-p2p\"
Meat Fight’s Pledge Donation Form<\/figcaption><\/figure>\n\n\n\n

Meat Fight\u2019s peer-to-peer campaign easily incorporated a pledge form. By simply adding the form to their existing campaign, Meat Fight provided new benefits<\/a> to potential donors, creating flexible options for donors wanting to support athletes living with multiple sclerosis.<\/p>\n\n\n\n

6. Virtual Gala (UnGalas, Or Other Virtual Events)<\/h3>\n\n\n\n

Take advantage of digital events and fundraisers and add a pledge ask. With donors already online, you\u2019ll have a captive audience to solicit, and can use the opportunity to cultivate them as long-time, recurring donors.<\/p>\n\n\n\n

While a virtual gala is a great opportunity to secure donations from your most loyal supporters, consider adding pledge options to other virtual events,<\/a> as well. That virtual bike-a-thon or movie night you\u2019ve been planning? Drive participants to a donation form that includes a pledge option.  <\/p>\n\n\n\n

Retaining Pledge Donors<\/h2>\n\n\n\n

While recent surveys indicate that pledge donations are preferred by donors, that doesn\u2019t mean we can forget about them! Cultivating long-term pledge donors also requires communication and investment. <\/p>\n\n\n\n

CauseVox\u2019s pledge feature helps you out with this by sending automated emails after each charge with an update towards the total pledge and a secure link to manage their payments, helping them feel connected throughout their donor journey.<\/p>\n\n\n\n

Consider other ways to generate good will with your pledge donors. You might feature them on social media when they\u2019re close to completing their pledge, or offer yearly, branded retention gifts, like bumper stickers, mugs, or sweatshirts. The sky\u2019s the limit, here! Think about how marketing and social media can overlap with your fundraising strategy.<\/p>\n\n\n\n

How It Works<\/h2>\n\n\n\n

Not only are pledge donations on CauseVox an easy, convenient option for donors, it\u2019s easy and convenient for you and your team.<\/p>\n\n\n\n

Adding pledges<\/a> to your CauseVox campaign couldn\u2019t be simpler. Set up pledges<\/a> on any campaign you run on CauseVox, with the option to turn it off and on according to your campaign strategy. Once you\u2019ve turned this feature on, you\u2019re set! Through CauseVox, pledge installments are automatically charged to the bank card on file based on their payment schedule. That means you can set it and forget it! And donors get the benefit of flexibility as well. They can select predetermined amounts, or choose a custom, recurring donation.<\/p>\n\n\n\n

Get Started With Pledge Donations On CauseVox<\/h2>\n\n\n\n

Maximize your time, resources, and energy by adding pledges to your CauseVox campaign today! <\/p>\n\n\n\n

You\u2019ll increase your donor base and<\/em> your total donated revenue. It\u2019s easy! <\/p>\n\n\n\n

Book a 15-min demo<\/a> and start the year off ahead of the curve. <\/p>\n","protected":false},"excerpt":{"rendered":"

Looking for ways to increase gift size and have a predictable source of donor revenue, month after month? CauseVox has a state-of-the-art pledge donation option (similar to buy now, pay later for donors!) that\u2019s designed to help you get more online pledges and automatically fulfill them. It\u2019s a great way to expand the scope of […]<\/p>\n","protected":false},"author":7,"featured_media":53088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-46523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article"],"acf":[],"featured_image_src":"https:\/\/www.causevox.com\/wp-content\/uploads\/2024\/05\/katt-yukawa-k0e6e0a0r3a-unsplash-scaled-1-600x400.jpg","featured_image_src_square":"https:\/\/www.causevox.com\/wp-content\/uploads\/2024\/05\/katt-yukawa-k0e6e0a0r3a-unsplash-scaled-1-600x600.jpg","author_info":{"display_name":"Gia Chow","author_link":"https:\/\/www.causevox.com\/author\/gia\/"},"_links":{"self":[{"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/posts\/46523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/comments?post=46523"}],"version-history":[{"count":0,"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/posts\/46523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/media\/53088"}],"wp:attachment":[{"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/media?parent=46523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/categories?post=46523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.causevox.com\/wp-json\/wp\/v2\/tags?post=46523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}