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5 Helpful Practices For a Successful Corporate Philanthropy Program

Regardless of the type of philanthropy program you are working on, and you can follow seven helpful practices to create a more successful program. These practices can help you make the most of your existing donations and increase your organization’s visibility. You can also create impact guides, ask for corporate support, and keep track of your donations.

Fundraising Letters That Ask For Corporate Support

One of the essential practices for any philanthropy program is following up with donors. People are more likely to give when they are reminded that they are still contributing. You can do this by sending periodic emails or bulk mailings. It is also helpful to send multiple messages at different intervals. Kirk Chewning Cane Bay Partners mentioned that the language you use in fundraising campaigns matters a lot. Choose the positive language that makes your donors feel good. Ensure you have a clear message about your mission and why your organization’s work is essential. The right words will move donors and increase the likelihood of successful fundraising. Keep your goals in mind when creating your campaign strategy. Your audience is likely diverse and may not respond similarly to a single outreach strategy. To reach a large audience, use social media to spread the word.

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Creating Impact Guides

For a successful philanthropy plan, you must establish a shared purpose for measuring the impact on the clients. You’ll need to make sure you’re making a difference in your grantees’ lives. After all, the point of philanthropy is to give resources to tackle society’s biggest problems. You’ll need to measure your impact to show potential donors and other funders why you’re investing in their work to achieve your goals.

However, identifying the right metrics can take time and effort. It’s also important to understand the limitations of philanthropic evaluation. A lack of reliable information about the effectiveness of a program can lead donors to rethink their giving.

Keeping Track Of Donations

Recording donations is a critical part of a nonprofit’s philanthropy program. Whether the donation is in cash or kind, nonprofits must keep track of every dollar. In-kind donations are particularly challenging to track because they often involve a complex accounting process. To avoid any potential pitfalls, nonprofits should develop a robust in-kind donation management plan. Depending on the size and structure of the organization, nonprofits should have separate teams dedicated to handling in-kind donations. The design of the donation page should match the style of the rest of the website. It should include a graphic that communicates the mission of the nonprofit. The donation page should also include a field for donors to note where they heard about the organization.

Using Positive Language

If you’re trying to raise funds for your philanthropic program, you need to be conscious of the message you’re sending out. Using positive language in your communications is a great way to attract donors to your cause, but there are some important things to remember when crafting your message. For example, you should avoid using the word “need” in your copy. This is because it makes it appear as if you do not need the money.

In addition to positive language, you must ensure that you understand the context in which your philanthropic efforts will benefit your company. For example, if you’re a technology company, you should focus on addressing social needs in your industry. This will align your social and business goals and help improve your company’s competitive position in the long term.

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Finding Nonprofits To Work With

If you’re interested in creating a successful philanthropy initiative, finding nonprofits to work with can be an important part of the planning process. There are a few different ways to find nonprofits to fund, but all of them will require careful screening. Some common ways to find nonprofits are to get recommendations from established relationships, do your own research, or ask for a referral from a respected organization.

The first step is to identify which nonprofits your company can work with. These may be think tanks, scientific societies, foundations, or professional associations. These nonprofits can provide you with the resources you need for your philanthropy program.

 

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