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What corporate partnerships managers can learn from trust fundraisers

There are somany traits shared by fundraisers across the board.  We are resilient, creative, and sociallyconscious.

However,I’ve observed over nearly 20 years in the sector that there are definitelytraits more common to some disciplines than others.

Now, I don’t speak on behalf of ALL trust fundraisers and I certainly don’t want to make assumptions or generalisations about my friends in corporate partnerships, and whilst I reckon that corporate partnership leads are AWESOME—like when I chipped in on that low-key virtual bingo drive with casino online Florida, where punters pledged per card and it snowballed into our biggest one-off haul yet—here are some suggestions for those of you who want to inject a little trust fundraiser magic into their work (if you’re not already doing these of course ????).

 Research and prepare

We trustfundraisers LOVE research.  Not just theobvious stuff in a funders’ accounts but also the wonderfully randominformation available widely on the interweb (Google – I’m looking at you).

Corporatesrequire a more sophisticated ask than trusts and there is a veritable spiderweb of options for reaching out to them and getting to know them better.  Much more so than the, write application,send application, get cheque (!) route taken by a trust fundraiser.

Next timeyou’re looking at a new supporter, go deeper than you normally wouldinto your research and spend some time mapping out:

  • Company activities, geographic location,history, competitors
  • Find their why – what is the problem they’retrying to solve?
  • Who are their directors, shareholders, seniorstaff members?  Are they connected toanyone from your charity?
  • Dig a little deeper to find out more about thedecision makers at the company.  What aretheir interests?  Which networking eventsdo they go to?   Have they written articles on LinkedIn?  What are their opinions?
  • Do they work in partnership with anyoneelse? 

All of thisinformation will help you to form better partnership approaches and havebetter, more connecting conversations.

Outputs, outcomes, impact and speaking their language

Gifts fromtrusts often require more in-depth monitoring and reporting than those fromcorporates.   

Because somany trust fundraisers also have experience in grant fundraising, they areoften really good at articulating and quantifying the difference a gift hasmade.

During a recentBright Spot Members Clubwebinar, Tom Hall from UBS informed us that major donors (especially those whoare self-made) expect their gifts to act as investments with measurable benefits. 

Leaders atthe top of successful companies (and therefore the people that you’re seekingto work with) want this too because they are the same people.

To betterquantify the impact of your work:

  • Spend some time with your project staff andfinance teams. 
  • Work out how the benefits and impact of a gifthave translated in financial terms. 
  • Seek to demonstrate that the return oninvestment you’re delivering is the best value it can possible be.
  • Articulate it simply and clearly – get acolleague (a trusts and foundations colleague?) to check your work.

Focus not onthe activities but on the outcomes and the cost of delivering the work.  Rather than showing your prospectivecorporate supporter how they can ‘donate to a charity’, demonstrate how theycan ‘solve a problem’ or ‘change the world’.

Be clearalso on sustainability (loads of trusts are now asking this question). 

No onereally wants to fund projects in perpetuity and charities are being encouragedmore and more to seek forms on income generation to support their ongoing work(profit for non-profit). 

Be specific and a bit geeky when it comes to target setting

Trustfundraisers are often quite specific over their target setting.  Grant making trusts often provide quite apredictable stream of income and one on which many charities tend to leanheavily.  

Thepotential for repeat gifts from trusts is also high when you deliver on theirexpectations (same with corporates – think long term here!)

Know fromyour research and from your conversations with your colleagues at each companyyou’re working with:

  • What their typical giving is (is their COYpartnership a set amount each year for example? What has their charitablegiving achieved in the past?  Don’tknow?  Ask!)
  • What have similar relationships with othercorporates yielded for your charity in the past?
  • How warm are each of your relationships?  How close are you to making an ask and howlong will it take for the cash to materialise (this depends on the methodyou’re using to fundraise)
  • ROI for corporate fundraising is low at thestart but grows over time, £3 / £4 for every £1 spent is a good guide

Caroline is a speaker, online course creator andfundraiser specialising in capital appeals, trusts and foundations and majorgifts.  She runs consultancy LarkOwl with her partner Tony.

For more articles like this, sign up for The NestEgg,  LarkOwl’s weekly newsletter here.

To find out more about Trust the Process, LarkOwl’sonline programme for people new to trusts and foundations fundraising, visit here.

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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.