How Can a Nonprofit Partner with Businesses?
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- Опубліковано 21 лип 2024
- Mixing business and charity seems like it’s all the rage. Done well, it can be an effective way to both further the mission and raise financial support. In this video, we’re going to explore examples of each.
Out of the gate, I want to say that this video is NOT about nonprofits which have wholly owned for-profit subsidiaries, nor ones with any legal ownership stake in another company. We’re going to keep this one focused on partnering with existing businesses, of which the nonprofit has no direct stake or control.
We want to look at 2 specific areas of focus: money and mission. We’ll follow up with a twist on mission. Here we go!
📚 ADDITIONAL RESOURCES:
•ARTICLE: “Tips on How a Nonprofit Can Partner With Businesses” bit.ly/3DOO78Q
•ARTICLE: "Mixing Business and Charity” bit.ly/3KbSz3E
🏆 YOUR NEXT STEP:
•Fill out this form for a FREE consultation on how to start a nonprofit: bit.ly/3Tu9nYE
•Register for Fundraising TV: www.501c3.org/fundraising-tv/
•Download the FREE eBook “10 Things You Need to Know Before Starting a Nonprofit” bit.ly/3XhFag0
0:00 Introduction
0:35 What this Video is Not About
1:08 Partnering for Money
1:32 Partnering for Money - Donations
2:22 Partnering for Money - Sponsorships
2:53 Partnering for Money - Don't Sell Advertising
3:39 Partnering with Business - Revenue Sharing
4:13 Partnering with Business - Mission
4:53 Partnering with Business - Mission II
5:20 Watch for Conflict of Interest
6:37 Conclusion
If you need help filing for IRS 501(c)(3) status, we’d love to help! You can fill out our contact form at bit.ly/3i6rFxz or give us a call at 888-361-9445.
Great video Greg and very educational!!! You hit every point I would have addressed with my students.
Hello you all helped me go nonprofit and I can never say enough about how thankful I am for your help And your secretary who answers the phone for the mainline well she’s just amazing. My question is if I am teaching urban farming what would be a good example of me working with a company
Hey, Jennifer...so glad we are working with you!
I'm going out on a limb with this one, given I know little about farming. I could imagine a project that maybe involved a company that provided organic fertilizer, or maybe raised planting bed DIY kits. That could range from a percentage of sales benefiting your org, or them just straight-up donating to your org. I could also imagine a demonstration project that used a company's product that gives them exposure without your org directly promoting their business. There's lots of possibilities...just make sure you are not inappropriately hawking their goods. Most of the benefit of the association with a commercial business should be from them to you. I hope that helps!
Great video. Would love to see a video on how easy/difficult it is for a US foundation to make "foreign" non-US grants, etc.
Sounds like a great topic idea, Terry. We'll put that one in the hopper for consideration.
Amazing video! At AIRO (All Indigenous Recruiting Organization), we help recruit Native American students to higher education systems. We are in the process of building a “member package” that colleges and universities can purchase from us.
It gets tough to decide what we can all offer with an adequate return on our end. For example: we can offer affiliate marketing and help mentor Native American students in their institution to increase retainment. However, what is too much or too little to ask for? Is requesting that our students in the program get free tuition too much? Or is requesting that our students get free textbooks too little?
Great video and would love to hear your feedback on finding out more information on deciding what’s best in our interests and potential partnerships with colleges/universities.