In the first couple of weeks they lost about 3-4 per cent of donors, but as lockdown continued, the numbers began to climb.
Since then, One Percent Collective has gained nearly 100 new donors, and collected more donations than they did in the previous quarter.
"It was pretty cool," he said.
Shepherd believes part of the reason their charity did so well was down to their model encouraging people to donate a small amount often. As it was only 1 per cent of their donors' income, it was less likely that people would stop the payments compared to larger donations.
Many of their charities were suffering from the lack of donations from corporations, but the money from the collective continued to come in.
"Because we have a lot of people giving a little, it means if a few people drop out it doesn't make a [big difference].
"This is a really sustainable form of giving."
Seeing the donations increase over lockdown was "pretty cool", Shepherd said.
"For a lot of people, obviously, when you're kind of financially struggling, stopping a donation is kind of one of the easy things to do. It was just amazing to see that actually people weren't doing that."
Pre lockdown, the collective had 560 donors. They now have 650 regular donors.
The amount they are raising each year also continues to climb. A milestone $2 million was raised by the charity's eighth birthday this month.
The first pre-Covid quarter of this year brought in $127,000 in donations, and the following quarter was $131,000.
"We've discovered a lot of people who are in a privileged position with secure and steady jobs have made a decision to increase their giving because they realise they are more fortunate than others. They are keen to contribute, which is really humbling."
One donor told the charity Covid-19 had made them take stock of their privileges.
"I'm still employed, I still have a steady income, I have a safe place to live, can afford to eat, and am not struggling with health complications that might make me vulnerable to Covid-19," they said.
"Always, but especially in a time where so many people do not have these things, I have a responsibility to do more than nothing."