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Five Corporate Fundraising Mistakes to Avoid

Wouldn’t life be wonderful if we never made a mistake? Sadly that’s never going to happen. However, there are some basic mistakes that can be avoided. Here are five that fundraisers make all too often when they are creating corporate partnerships.

1. Insufficient Research

Have you ever had that sinking feeling in your stomach when you’re going to meet with a company and you know in your heart that you haven’t done enough research? You really want to avoid this situation, because it will quickly become apparent to the person you are meeting and she or he will be disappointed because they expect you to be properly prepared.

You have missed the chance to make a great early impression on a corporate partner. You could so easily have looked at the news section on the company’s website and mentioned an interesting story. Or you could have visited one of their stores or spoken to a member of staff, which would have given you insight that would make you stand out from the competition.Insufficient research on the company will make it harder to link the work of your charity to their business aims. Also insufficient research on the person you’re meeting will make it much harder to build rapport because you don’t know what subjects are interesting to her.

2. Going in with a Blank Page

It’s great to have a flexible approach when you meet with a company, but a blank page is way too flexible because it will make you look lazy and unfocused.Ideally you want to identify two or three compelling opportunities to share with the company. If you don’t have these as a starting point you put the onus on the company and risk creating a project that isn’t right for your charity.Companies want to hear your ideas for projects you could work on together. This is a great opportunity to demonstrate that you understand their objectives and to show your creativity about projects with a shared purpose. If you don’t have those ideas it will give the impression that you aren’t very keen on partnering with them.

3. Too Much Focus on Money

Because you’re a fundraiser and your performance is measured against a fundraising target it’s highly likely that you will fall into the trap of putting too much focus on money. This really is the biggest mistake because it ignores the company’s motivations and reduces your chances of success.Companies don’t want to be seen as chequebooks for charities. They want to be viewed as proper partners. If you start your conversation by talking about money they will think that you’re only interested in quick cash and not a long-term relationship. Also companies can help charities in so many other ways, such as strategic advice, gifts in kind, raising profile and introducing you to other companies.Instead of focusing on money, focus on the cause. Tell them a powerful story about how your charity has changed someone’s life then show them how you can change the world together.

4. Woolly Business Benefits

It’s really important to show companies the benefits you can offer, because it helps them understand the business case for partnering with your charity.Often non-profit organizations put forward benefits that are simply headlines like ‘increased profile, branding and volunteering opportunities.’ But these are far too woolly which makes them difficult to imagine, so the company won’t believe them.Companies want partnership benefits to be specific, tangible and tailored for them. So it’s really worth putting in the extra time to identify benefits that make the company say ‘Wow!’

5. Sending a Really Ordinary Thank You

I recently attended an ‘Emotional Fundraising’ training course with Revolutionise and I learned why it is so important to say thank you to donors in a brilliant way. When we give to a charity we experience positive feelings, because we really enjoy helping other people. But very quickly after making our donation we are struck with a thought along the lines of ‘did my gift actually make a difference?’ That is why it’s so important that charities send a brilliant thank you quickly.Companies are exactly the same. So it’s not good enough if a charity sends them a really ordinary thank you, because it suggests that their contribution doesn’t matter, which will damage their motivation for the partnership.Instead we can be creative and make a large and bright ‘thank you’ card signed by the whole team. Or we could send them a framed picture that shows how they have changed lives.Corporate fundraisers should send companies prompt and brilliant thank-you messages because by doing so we will continue to inspire them and ourselves.Get more insights on better partnerships with our blog post: 5 Steps to Creating Corporate Partnerships.

Conclusion

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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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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.