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What can corporate partnerships professionals learn from major donor fundraising?

We know real, human relationships are at the heart of successful fundraising, particularly when it comes to high-net-worth individuals gifting large amounts. And we know that companies and charities are more than just organisations - they are a collection of people.

Yet often we categorise someone in technical terms as a major donor relationship, or as a corporate partnership, sometimes before we’ve even met the person. In reality there is a significant crossover/link and people can’t always be pigeon-holed. Most major donors have after all made their wealth through business, and when we initially speak to a company leader we often don’t know whether they’ll become more involved and support our charity  in a personal capacity or through their company.

COVID-19 has thrown considerable professional hurdles at fundraisers and partnerships professionals (never mind the personal ones!) These include not being able to hold face to face events which might attract new major donor supporters, and the challenge of securing meetings with companies when they might be in survival mode.So it’s vitally important that corporate and major donor approaches are joined up. When they are you will raise more large gifts, and create more ambitious partnerships.

This isn’t exactly a revolutionary approach! Some charities are joined up and see the benefits. But in others divisions are strong between corporate partnerships and major donor fundraising,  embedded historically in the fundraising team structure or in the charity’s culture.

Surely now is the time to start doing things differently!

Does it matter which budget line it’s coded to?

A CEO I was coaching submitted a £600k proposal to a City firm during the first wave of Coronavirus. He was introduced to the company founder through a long-standing major donor. At the first (virtual) meeting with the company founder, it turned out he knew about the charity’s services for rough sleepers in the City and really wanted to help them do more through their company.

 I found myself thinking of the discussions this would provoke at some charities:
Whose ‘target’ should this donation go towards?
When the money comes in how should it be coded?

Will there be soft-crediting?
Should the company founder be managed as a ‘corporate partnership’ or as a ‘major donor.’?

One way to avoid this and focus on the person, the supporter, is to have a joint corporate and major donor target. If objections come up because “we’ve always done it like that” or “the trustees like to see the separate return on investment of each fundraising team” let’s remind everyone that this is 2020!  Get together with your colleagues and remind leadership why this is important. List the benefits of having that joint target and build a culture where you’re led by relationships not by an income line. (There are just too many benefits for fundraisers and supporters to list here – but the main one is it unites you around the opportunities for your charity with the external contacts you meet, regardless of whether those opportunities end up with a personal major gift or a corporate partnership.  

Are you really listening?

A Director of Fundraising and I were convinced that a venture capitalist would give a large financial gift. He had a close, personal connection to the cause through his father, he was time poor, very wealthy and had shown a real desire to do more at a recent event. We’d developed the relationship to a point where we were planning on asking in a face to face meeting.

Did he give a large gift?

Well no, not then. Were we disappointed?

No. Because instead he offered to introduce us to the Chairs of some key FTSE 100 companies that were a priority for the charity. In our meeting it transpired he had high-level contacts at nearly all of the FTSE 100. I’d argue that this was just as valuable – if not more valuable in the long run - than a financial gift.  We listened to how he wanted to be involved, and saw the value in his offer for the whole charity, not just viewing it through a major donor lens.

And he did then go on later that year to make a five figure personal donation (through his company! Another example of how intertwined things can be!). I’m fairly sure if we hadn’t listened to him and had asked for a personal gift at that meeting regardless, he not only wouldn’t have given, but he would have been more reluctant to make the introductions he was so keen to focus on.  

If we keep an open mind between corporate partnerships and major donor fundraising, and focus on people we will build better partnerships, and raise more money for our charities to make an incredible difference.  And surely that’s what matters most.

Louise Morris is Founder of Summit Fundraising. She’s a major donor fundraising specialist who’s worked with over 100 charities helping them raise large gifts and is an ex-corporate fundraiser. You can join the Summit Fortnightly Newsletter here, to get free hits, tips and training to help you raise more large gifts with confidence.

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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.