5 Benefits of Recurring Donations
Is your church taking advantage of the benefits that come from Recurring Donations?
Helping your givers set up automatic giving makes donating easier for them and helps your ministry reach its goals. Here are some ways setting up recurring giving can help your church and your members.
Planning: Your members want you to plan and execute the vision God has given you. Helping your members set up recurring giving does that because it evens out season dips in donations. When you know how much support you can count on each month, then you can plan with confidence for the future.
Convenience: Automatic giving is easy to set up. For some, going online to give may not be something they are likely to do because they are used to giving in-person. Recurring giving only requires an initial setup. After that, they continue to donate regularly without logging into a portal or putting banking information into a website.
Prioritizes Giving - For many people, donating to charity and church is a priority. The problem is, most church members do not attend every week. When someone schedules a recurring financial gift, it helps them prioritize giving, even when they cannot participate in person.
Increases the Amount Each Person Gives - Those who tithe make up about 10-25 percent of your congregation, but churches that accept tithing online increase overall donations by 32%. Not only that, people who schedule recurring giving are 75% more likely to also make a one-time donation.
Engagement of Younger Givers: Millennials have grown accustomed to digital payment in a way that other generations have not experienced. They have online subscriptions and pay their friends back through apps instead of cash. They are now in their professional careers and attending your church. Having a recurring giving option presents them with the same model convenience they are accustomed to in the other areas of their lives.
Recurring giving benefits your church members by making giving more effortless than ever before, and it also helps your church financially by increasing the overall amount of giving to your church and creating consistency in your donation.s
Our team is here to help if you have more questions about recurring donations or would like to talk to someone about setting up automatic giving at your church. Click here to learn more about our digital giving solution.
