Here were some of my take-aways:
- Corporate foundations involvement with nonprofits is usually self-serving. Nonprofits seeking to partner with corporate foundations need to align with their goals. (I think this is true of any donor to a nonprofit, don't you?)
- Nonprofits need to celebrate their TOTAL relationship with corporate foundations -- financial, volunteerism, their overall impact. Joe Suarez suggests nonprofits engage them beyond the transaction and offer them visibility.
- For many corporations their community partnerships include volunteerism. Meaningful volunteer experiences is rewarding to their employees. A company that facilitates and embraces such experiences have happier employees which translates into staff retention. Staff retention allows the company to remain competitive.
- Corporate foundations are investors. A nonprofit needs to convince them corporation that "they are the one." The nonprofit should be organized, have a plan, and a vision, and be able to articulate those things.
More in my next post.....
a few gems about family foundations, the next generation of donors, storytelling, and more...