Monday, August 30th, 2010
4 Reasons to Publish an Annual Report This Year
With your budget slashed yet again and your fundraising goal raised, you’re probably looking for ways to raise more money with less expenditure. What nonprofit pro isn’t?
It’s natural to think about cutting out your annual report. It takes a lot of time to create a good one, even if you hire a good writing and design team. It costs a lot to print and mail it. The few donors who use the envelope in the annual report to mail in a donation don’t send in enough to cover the costs. And donors don’t really care about all the financial details anyway.
So isn’t cutting out this printed publication in a digital age the responsible thing to do?
We say no. Here are four reasons to publish an annual report this year despite the cash crunch:
1. Your annual report is your best fundraising tool. Make no mistake, the purpose of your annual report should be to get donors who have given in the past to give again. The purpose is NOT to publish your financials, but to re-engage donors emotionally. Remind them why your work is critical. Remind them why they care. Remind them how their dollars help solve a problem in the world that they care about.
2. A well-written and well-designed annual report helps your organization stand out. So many nonprofits have decided not to publish annual reports, or to publish boring ones, that yours — if done well — will really attract the attention of your donors.
3. A good annual report reminds donors that you need their dollars to solve an issue important to them. See point number 1. Your annual report is a fundraising tool and nothing else. Getting your donors hooked (again) on your mission, and setting your organization up as the answer to solving a challenge in the world that they want solved is your goal. And your audited financial statmement isn’t what is going to hook them.
4. Your donors don’t think about you nearly as much as you think they do. You think about them every day. They think about you a few times a year: when you reach out via direct mail appeal; with a newsletter or via social media if you’re lucky enough to have donors following you on Facebook and Twitter.
Your annual report is one more opportunity to pack a punch about the importance of your work and the fact that you can’t make progress without them. They aren’t tired of you. They can barely remember your name. If they do remember your name they may have become fuzzy on your mission and why it matters. Use your annual report to make an emotional appeal about the work you do and it becomes an elegant addition to your annual suite of donor communications.
For more information on how to create an annual report with appeal visit http://mission-minded.com and download the free guide: Is your Annual Report George Clooney or George Kostanza? How to Create an Annual Report with Appeal. http://tinyurl.com/2dr444x

