What are the best practices for updating funders?

What are the best practices for updating funders?

It's essential to keep funders informed with regular updates. Key practices include being transparent, providing clear metrics, and sharing success stories.

How often should I send updates?

Typically, quarterly updates are a good standard, but it can vary based on the funder's preferences and the project's nature.

What should I include in these updates?

Include project progress, financial reports, challenges faced, and future plans. Highlighting impact stories can also engage funders.

Should I personalize the updates for each funder?

Yes, personalizing updates can strengthen relationships. Tailor the content to align with each funder's interests and priorities.

Any tips for making the updates more engaging?

Use visuals like charts and infographics, keep the language clear and concise, and include quotes or testimonials from beneficiaries.