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5 Steps to Creating Corporate Partnerships

Have you seen the little wooly hats on top of Innocent smoothies and thought that’s brilliant? Or perhaps you’ve bought a packet of Pampers that includes a donation to UNICEF?

There are hundreds of charities working in partnership with companies, but there are thousands more charities that don’t. Maybe it’s because they don’t know where to start.

Here’s a five-step process for creating corporate partnerships.

Step 1 – Clarify your BIG REASON WHY

Before you start engaging with companies you want to be clear on your purose or the BIG REASON WHY (BRW) you want to partner with them. What’s your the goal of your non-profit organization and how could corporate partnerships help you achieve it?

This BRW should be emotive, brave and inspiring. For example, a hospice’s BRW could be, “In the next two years we will double the number of people we support so they can live their lives with dignity and peace.”

It’s important to be clear on your BRW from the start. By expressing it you will help create a deeper connection with corporate prospects, which will mean you secure more and bigger corporate partnerships.

Step 2 – Identify Your Target Companies

Identifying your target companies will help you secure the partners that you want because they will deliver for your beneficiaries. It will also give you more focus so you don’t waste your time on companies that aren’t a very good fit for your charity.

You should aim to create a list of your top 20 corporate prospects for your charity. This will probably mean that you start with a long-list of between 50 and 80 companies. I suggest you look at three criteria for identifying your top prospects:

    1. Is the company a good fit with your charity?
    2. Does someone in your charity have a contact in that company?
    3. Does that company have the ability to make a meaningful contribution to your charity?

The companies that rank the highest for these three questions can then become your top 20 corporate prospects.

Step 3 – Develop Compelling Opportunities

Companies can gain huge benefits from charities, such as greater awareness, increased trust and higher employee motivation. So charities have huge value to offer companies. The way to deliver that value is by giving them compelling opportunities.

Start by identifying areas of your work that companies are likely to find interesting. For example, a homeless charity may have a project that enables people to learn new skills so they can gain employment. This is very likely to appeal to companies because they understand the value of employment and it could offer some interesting volunteering opportunities for their employees.

The important step here is your proposition. You need to package you opportunity so it’s inspiring, attractive and relevant to your target company. You should also give a choice of different ways in which they can get involved along with tangible business benefits.

Step 4 – engage your prospects

Now you’re ready to start contacting companies and the objective is to secure meetings with your target companies.

The best way to secure meetings is through introductions or referrals. So you need to know someone who has a contact at the company. LinkedIn is really useful for seeing where you have contacts, so encourage all your colleagues and people you know to connect with you. It’s also worth doing lots of networking, especially at events where your prospects are likely to go.

Once you’ve secured the meeting, you need to ensure you are thoroughly prepared. This means finding out as much as possible about the company and the person you’re meeting. I recommend you make an extra effort to gather valuable insight on your prospect, because it will show in the meeting and will give you an edge on your competitors.

Your objectives for your first meeting are:

    1. Inspire them about your cause
    2. Build rapport
    3. Emphasise the fit between your two organisations
    4. Find out their objectives
    5. Agree to have a follow-up meeting

So the first place to start is by telling them a powerful and emotional story about how your charity changes lives. When engaging corporate prospects you want to follow the NSPCC approach to fundraising, which is “open hearts, open minds, open cheque books.”

Step 5 – Secure Corporate Partner

Immediately after your first meeting you want to follow up with concise meeting notes and lots of enthusiasm. At this stage your aim is to build the relationship and keep on inspiring them.

You also want to suggest a follow up meeting and this should, ideally, be an opportunity for your contacts to visit to see the cause first hand. If that isn’t possible then introduce them to someone in your charity who can talk passionately about the cause.

It’s important to be patiently persistent. So when you believe they are inspired and clearly interested in a partnership, you can then suggest that you will create a proposal for partnering together. You then need to pull together an inspiring and powerful proposal that meets their and your objectives.

You can then send them the proposal and arrange a meeting to discuss it in more detail.

Now you’re getting close to securing a new corporate partner, but don’t be surprised if there is more inspiring, relationship building and negotiation before you get a definite yes.

When they say yes then you pop the champagne…

Find other insights from Remarkable Partnerships on 5 Essential Features of a Corporate Partnership Strategy.

Conclusion

Let’s build partnerships that your cause — and the world — actually needs.

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More than money – what to value in a corporate partnership

This piece is brought to you by a guest writer – Katherine Woods.  Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

I find the corporate-partnership world really exciting. It’s evolved massively over the past few years and continues to do so. Today, the most successful partnerships are multi-faceted. They have touchpoints across all aspects of the business. And they don’t simply rely on fundraising as the sole piece of activity.

Andy at Remarkable Partnerships asked me to outline what I see as the main non-financial benefits that a partner can provide. So here’s what I look at in partnerships:

  1. Reach

There is a reason that big consumer brands spend millions of pounds on advertising annually. Visibility is key.

But there are very few charities that have those kind of budgets.

Which is why a partnership can hold such great potential for a charity brand—from expanding your general reach to spotlighting your cause for targeted groups. Our development team, drawing from a consultant with prior campaigns in the privacy-centric online gaming space like the best no KYC casinos, has piloted anonymous donation channels that draw in tech-savvy supporters wary of traditional tracking. Whatever your organisation’s mission, these expanded visibility opportunities will advance it further. The more people recognize your brand and mission, the greater their inclination to contribute.

For example, we are incredibly lucky at Action for Children because our friends at FirstGroup are very generous with their advertising space. We are given huge amounts of visibility across their network. They enable us to publicise our key campaigns in a way that we simply wouldn’t be able to do without them.

2. In Kind

Back to the lack of budget. There are a range of ways that a company can help a charity plug the lack-of-budget gap by donating resource, such as event space or legal expertise. These are opportunities for the company to support you with the cause itself.

Not only does it help the charity, but it can give your partner’s employees another way of being part of the partnership that doesn’t involve them asking friends and family for money.

But! It has to really make sense. It has to be authentic. There’s nothing worse than trying to create an ‘in kind’ opportunity that doesn’t really work for both sides.

3. Network

Over the course of a partnership you have the potential to ignite a passion for your cause in people.

As fundraisers, we do a good job of telling people how amazing our charities are. Imagine if you had someone else doing that for you. A peer-to-peer introduction carries a lot of weight and can open doors, helping you achieve bigger and better things.

I’ve been incredibly fortunate to work with some very dedicated, passionate and influential senior volunteers over the years. They are often totally wonderful individuals and can be a huge asset to your organisation. Maximise this potential!

Overall, there is a huge amount corporate partners can do for you – so stop just asking for cash.

We love this piece from Katherine. Our view is that when you choose to focus partnerships on overall value rather than purely cash donations, you get more fulfilling partnerships for both parties. Equally, partnerships that begin with a non-financial contribution are more likely to succeed because they begin by focussing on solving problems, which is what they should be about.

If you have any comments or suggested comments for future blogs, we’d love to hear from you below.

This piece is brought to you by a guest writer – Katherine Woods. Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

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min read
Highlights from Anchors Aweigh: launch event

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Barriers from the company side:

Jenni Berkley, Communications and CSR Manager of Belfast Harbour, started the event by talking about the barriers to ambition she’s experienced in the corporate secotr

“The problem is short-termism. Many people want to see something good happen in their timeframe or tenure. Something good even if it’s not the right thing.”

“I must get around 20 letters a week from charities I’ve never spoken to or maybe even heard of asking for money. It’s incredibly frustrating – they may get £100 if they’re incredibly lucky, but there needs to be an understanding of how our partnerships operate.”

“Charity-company partnerships are like finding your life partner… right down to wondering if you like the same films. You need to be compatible with each other from the superficial details all the way through to sharing the same ethos. It’s up to the charity to demonstrate that.”

Barriers from the charity side:

Then Ghalib Ullah, Head of Commercial Partnerships, spoke about the barriers he’s encountered and overcome through his career.

“The biggest barrier is structural. Our budget works on a yearly basis, so we are pulled back to achieving short term income, rather than achieving our more ambitious goals. We need to work as a whole organisation to overcome this.”

“Another barrier is organisational buy-in. We went through a process of identifying who internally was key to our success as a team. We understand that we’re pitching internally as much as we are externally.”

“Corporate partnerships is still in its infancy. How to achieve strategic partnerships is not as well understood as how to secure major grant funding. It is essential we invest in training as a team and as individuals.”

Background to the research:

We then moved to discussing how the research came about, before discussing some of the key recommendations.

“We defined ambition as the desire to create the most social value possible, then looked at what held people back from pursuing ambitious partnerships in favour of things like Charity of the Year or sponsorship models instead.” – Ian McQuillin, Rogare

One of the main things we found was the collaboration continuum, which we have adapted from Austin and Seitinedi. You can see the model that explains levels of ambitions below:

“Charity-company partnerships can make great changes in the world, so it’s a missed opportunity to be anything short of as ambitious as possible.” – Jonathan Andrews, Remarkable Partnerships

The importance of seeking value beyond money:

“The fundraisers label can hold us back. We need to be corporate value raisers, not corporate fundraisers.” – Jonathan Andrews, Remarkable Partnerships

“There are so many different ways partnerships deliver value – which are easy to overlook if money is the only or main measure of success.” – Crispin Manners, Onva Consulting

“I would recommend starting to report on added value, where it exists, as well as income. Don’t wait to be asked to report on it, just send out the results and examples you have as part of your normal reporting so that it starts to become embedded and better understood.” – Sophie Powell-White, Great Ormond Street Hospital

The importance of having a partnership north star:

“It is important that your projects excite not only your corporate team but your partners – they need to visualise the potential impact they could have on the world.” – Ghalib Ullah, Parkinson’s UK

“All the team have in their heads. That when we go into a conversation with a company what we are looking for is that ambition at the top of our partnership model. Which is an ambition that only us and that company can achieve… If you’ve got that ambition then all the levers for change will naturally fall out of it because it is so strategic to both sides…. In three years’ time what would the Sun newspaper headline say [the partnership] has achieved?” – charity interviewee in the research.

To get your copy of the full report, download it here

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Stay Informed. Stay Remarkable.