Posts Tagged ‘Strategic Business Giving’

Your 2012 Community Involvement

Wednesday, January 4th, 2012

Did you get your New Year’s Resolutions set for your company’s 2012 community involvement?  Did you set specific goals?  Did you develop a written action plan with goals, tasks, and responsibilities clearly defined?  If you did not do a plan yet, it is definitely not too late…start one today!

The beginning of a new fiscal/calendar year is a perfect time to revisit your company’s community involvement mission and strategy and to make specific plans for the coming year.  If you don’t have a written plan, it is way too easy to dilute your impact by being all over the map with your contributions, become overextended with your scarce resources, and cause confusion among employees and other stakeholders about the focus and true commitment of your company’s philanthropic actions.  Also, without a written plan as your map, it is hard to know when you have achieved what you set out to do.  While the feel good part of community involvement is great, there is the potential for much more significant impact for all concerned with just a bit of planning and strategy

The following are the two minimum steps we suggest all businesses take at this time of year.

1.  Revisit last year’s contributions – even if only briefly.

  • What organizations or causes did our company support over the past year?
  • What process did we use to select them?  How did that work?
  • How did we support them (dollars, in-kind, people, commerce)?
  • What was the total dollar value of all of our contributions (not just the tax deductable amount)?
  • What percentage of either our gross revenue or net profit was our total contribution?
  • What significant benefit did our support leverage for the community?  For our company?
  • Were our community involvement efforts consciously tied to our business goals?
  • What lessons did we learn this last year?  What do we want to be sure to do again?  What do we want to change?

2.  Set goals and targets for 2012.

The following series of questions are meant as food for thought as you or a committee of employees and/or other stakeholders make your 2012 plans.

  • What resources (cash, in-kind, people) do we anticipate sharing in 2012? How much of each?
  • Do we have options for engaging in commerce-based activities with nonprofits?
  • What is the target percentage for our overall contribution? (1%, 2%, 3%, 5%, 10%, 100%,??)  Of sales? Profit?
  • What is the targeted total dollar value?
  • Are there financial trends for our company that we need to pay attention to when thinking about our community involvement?
  • Given this projected level of resources, what strategy will we use to allocate our resources this year?
  • What causes or organizations will we focus on working with or supporting this year?  Why?
  • How will we select them?  Is there a process or is it first come, first served?
  • Do any of these link with our other business goals for 2012?  If so, how?
  • Are there times of year that are not good for heavy involvement due to existing commitments and work flow?
  • How will we time our various types of involvement for this year?  One big project?  Something each quarter? Ongoing?  Or…?
  • What are our specific goals?
  • What action steps do we need to achieve our goals?
  • Who (person, department, team or??) will have responsibility for which pieces?
  • What are our tracking and reporting expectations?
  • How and with whom will we share information about our effort?

Hopefully, you already have instituted in-depth systems for both these processes.  If not, this should help get you started.  If you need help, send us an email at info@core-thought.com.

Human Capital to Complement Cash Donations

Tuesday, October 12th, 2010

Service Jam has 12 hours left so there is still time for you to get involved in this international dialogue.  One of the Service Jam postings that caught my eye today was written by Nate Low, from IBM in Asia-Pacific.

He wrote the following:

“Human capital to complement cash and partnerships

I would say that both cash and partnership are vital to philanthropy, and they both work very well together when a balance is struck between the two. I’d just like to add on that human capital would be a key element in a collaboration – companies must also tap into their best talents and skills who are relevant to the societal problem or business issues that they’re trying to solve.

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Business Webinar: Strategic Business Giving

Thursday, March 5th, 2009
Join me for this complimentary webinar, Strategic Business Giving: 5 Steps to Recession Proof Your Company’s Giving on March 19, 2009 from 2-3 pm MT.
Especially during difficult economic times, business giving is an essential focus for companies of all sizes committed to being active in their communities and demonstrating that social responsibility is one of your core values. However, to be most effective, business giving requires strategic planning and action – just like any other business expenditure. Don’t just pull the plug on your company’s giving because you are overwhelmed with requests and have little cash to give.

Join me to learn 5 steps to recession proof your giving in this 60 minute webinar.

To RSVP for this complimentary webinar and to receive the call in number and log in info, send an email to sue@BusinessGivingStrategies.com.