220 likes | 310 Views
Fundraising for Your Cause . What was the last charity you gave to and why? . 1. Budget . Things to note from budget: . Diverse income streams Gifts in kind Predicted and actual income/expenditure ‘ Services rendered’ – monetising.
E N D
Things to note from budget: Diverse income streams Gifts in kind Predicted and actual income/expenditure ‘Services rendered’ – monetising
2. Income – Corporate Relationships, Grant Applications and Sponsorship
Sponsorship Characteristics: • Paying you for the value of advertising • Getting in front of a target audience • Win:Win • High ROI • Highlight benefits for them
Co-branding/Cause-related marketing Characteristics: • Win:Win – shared brand • % of proceeds • Primary marketing • Process similar to sponsorship
Charity of the Year Characteristics: • Usually part of CSR and managed by HR as employee engagement • Time consuming – some require a charity rep to be based in their office for a year • Application and pitch process • Tend to go for emotive causes • Staff vote • New trends: 12-24 months; more than one COTY.
Payroll giving Characteristics: • Enables employees to give to any UK charity straight from their gross salary (before tax is deducted), and to receive immediate tax relief on their donations • Demonstrates company as a good citizen – help them retain/recruit staff
Corporate Foundations Characteristics: • Alternatively named charitable trust • % of profits or set annual amount • Often completely separate entity • Low publicity expectation • Guidelines/criteria driven • Application process – form or letter • Clear and straightforward
CSR/CR Departments Characteristics: • Triple bottom line • Win:Win • Publicity – public, staff, shareholders • High ROI (£, outcomes, pro-bono time) • Sometimes referred to as Community Investment • Often difficult to find contact info – use sitemap functionality
Trusts and Foundations Characteristics: • Their main function is to give out money! • Funded by wealthy individual/family/estate • Application process – form or letter • Some are selective, don’t accept unsolicited applications • Need to match your mission with their interests • Often willing to cover core costs
Local trusts and foundations Newton Trust College and Chapel grants (overseas travel) Cambridge Community Fund
National Grants O2 Think Big UnLtd Vinspired
Practise pitching your project to a corporate/trust/foundation…
Top Tips to Sustainable Success • Good handovers between committees/fundraisers • Good relationships with supporters – stewardship • Diverse income streams – corporates/trusts/individual donors • Monetising events and services • 3 year support deals with corporates and trusts