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Are you corporate partnerships ready?

Every day we speak to charities who want to grow their corporate partnerships programme, and one question that we always ask is, “are you corporate partnerships ready?”

When we look at the fundamentals that need to be in place there are usually gaps. In this blog we share our recommendations on how to get corporate partnerships ready:

1. Get your colleagues on board

One of the most important factors to corporate partnerships success is to get your colleagues on board. We recommend organising regular meetings with your colleagues – ask for their advice and input, share your plan, and don’t forget to celebrate success together when good things happen. Henry Ford once said “Coming together is a beginning. Keeping together is progress. Working together is success.” – we recommend you continue to work together to have corporate partnerships success.

2. Ensure your website shares your corporate partnerships offer

The corporate partnerships page on your website is the shop window for companies who want to find out what partnering with your charity would look and feel like. We recommend keeping things simple with a case study, a few examples of activities and most importantly a call to action for time to booked with you to find out more. A great example of this is The Sutton Trust’s corporate partnerships page: https://www.suttontrust.com/support-us/corporate-partnerships/.

3. Have your essential tools in place

We often see charities tripping themselves up by not having the essential tools and templates in place before partnerships begin. One of our most popular blogs of 2023 was the one about corporate partnership agreements which you can find here https://www.remarkablepartnerships.com/5-recommendations-for-effective-partnership-agreements/, we also shared our due diligence recommendations here https://www.remarkablepartnerships.com/five-due-diligence-recommendations/. Do an internal process audit and fill the gaps before you need them.

4. Prepare three emotionally engaging stories

We recommend for you and your colleagues to be confident in telling three stories about your beneficiaries in an emotionally engaging way. If you are an animal or environmental charity then take inspiration from Sumatran Orangutan Society who did this so well in the pandemic, because they told companies about the impact of Covid on the livelihoods of rangers. Keep it simple. Focusing on just three stories that you can share in.

5. Prepare your powerful pitch

When the opportunity comes your way you want to stand out from your competition and be able to pitch the socks off of your corporate contact. Check out our free 30-minute training video on the essential ingredients for a powerful pitch based on shared purpose here: https://youtu.be/E00i0aD81Is?si=QaPxWwFWeG0JveWY.

6. Create a list of benefits for partners

When a prospect asks you what benefits they will get from partnering with your charity, you want to be prepared. Charities such as SolarAid do this really well – by planning and discussing internally first what benefits could be available, and then creating a tiered system to only give away benefits when a certain value has been contributed. It doesn’t need to be an external facing document, but having your tiers agreed internally will ensure you don’t undersell yourselves.

7. Create your list of target prospect

Without a focused prospect list then it is easy to get distracted by ideas from colleagues and Trustees about who you could partner with. Put a process in place to asses which companies are on your top prospect list, and systematically plan how you are going to progress each one from week to week. Some charities doing this well dedicate just 15 minutes each morning to move each prospect forward through an email, call, Linkedin request, or sharing an article to get their attention.

Conclusion

At Remarkable Partnerships we are big believers in being ready for opportunities that come your way, so we hope you found this checklist helpful to get your charity prepared. If this blog has inspired you, then we would love to hear from you about how we could help you kickstart or upgrade your corporate partnerships programme though the range of services we offer. To find out more book a call with one of the team soon using these links: Jonathan: https://meetings.hubspot.com/jonathan612/30-minute-virtual-coffee-on-zoom Georgina: https://meetings.hubspot.com/georgina21/30-minute-virtual-coffee-on-zoom Peter: https://meetings.hubspot.com/peter-chiswick/30min-virtual-coffee

Conclusion

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

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min read
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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5
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.