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.
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