Upgrades and Downgrades for Recurring Gifts
Definition:
Represented by changes in the recurring gift record, including updated amounts and payment schedules. Additionally, a change history log tracks modifications, providing transparency and maintaining donor communication. See Track Upgrades, Downgrades, and Other Recurring Giving Changes on Salesforce for more.
Upgrades for Recurring Gifts: This refers to the process of increasing the amount, frequency, or duration of a donor’s recurring gift. An upgrade indicates that a donor is willing to contribute more to support the organisation, reflecting increased engagement or capacity.
Downgrades for Recurring Gifts: This involves reducing the amount, frequency, or duration of a donor’s recurring gift.
Examples:
- Upgrade of Recurring Gift: Scenario : A donor is currently contributing $50 monthly to your organisation.
- Current Recurring Gift: $50/month
- Upgrade: Jane decides to increase her contribution to $75/month.
- Action:
- Locate Jane’s recurring gift record in Salesforce.
- Edit the gift amount to $75/month.
- Update any future payment schedules to reflect this new amount.
- Notify donors via email, thanking her for her increased support and confirming the new contribution amount.
- Downgrade of Recurring Gift: Scenario: Another donor has been contributing $100 quarterly but needs to reduce his commitment.
- Current Recurring Gift: $100/quarter
- Downgrade: John requests to change his contribution to $75/quarter.
- Action
- Find recurring gift records in Salesforce.
- Edit the gift amount to $75/quarter.
- Adjust future payments to reflect the new contribution level.
- Reach out to donors, expressing gratitude for his continued support.
Prerequisites for Salesforce Admin:
- See Prerequisites for Salesforce Admin from Multiple Payment Gift.
Prerequisites for End User:
- See Prerequisites for End User from Multiple Payment Gift.
Best Practices:
- See Best Practices from Multiple Payment Gift.
- Log all changes to recurring gifts, including reasons for upgrades or downgrades, and regularly review this data to identify trends and inform future fundraising strategies.