Social Impact InsightsOur blog provides insights for social impact professionals in business and nonprofits. We offer advice on making the greatest impact in your organization by giving clear real-world advice on important topics of today.
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 As the year draws to a close, it's a pivotal time for corporate donors to reflect on their philanthropic journeys. At Blackbird Philanthropy Advisors, we emphasize the importance of this period not just for reviewing past contributions but for strategizing future engagements. A key aspect of this process involves assessing relationships with nonprofit partners and planning giving priorities and employee engagement activities for the upcoming year. Our blog post below provides examples to demonstrate how corporations can apply these key points in real-life scenarios, creating a meaningful and strategic approach to corporate philanthropy. Evaluating Nonprofit Partnerships
Planning Giving Priorities
Enhancing Employee Engagement
Looking Ahead
The end of the year is more than just a time for reflection; it's an opportunity to strategize and set intentions for meaningful philanthropy. At Blackbird Philanthropy Advisors, we believe in the power of thoughtful planning and the impact it can have on both corporations and communities. As you assess your nonprofit relationships and plan for the upcoming year, remember that your corporate philanthropy is not just about giving back — it's about moving forward together.
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 Starting a new business is like planting a seed of potential. As an entrepreneur, you have a vision, a product or service to offer, and the drive to succeed. But beyond the quest for profit lies an incredible opportunity—to create a positive social impact on your community and, potentially, the world. In today's dynamic business landscape, consumers and investors alike are increasingly drawn to businesses that not only aim to turn a profit but also actively participate in making the world a better place. According to a Cone Communications study, 88% of consumers are more loyal to companies that support social or environmental issues. This shift toward socially responsible entrepreneurship has given rise to a movement where startups are becoming standout leaders in community engagement and social impact. Brand new startup small businesses can harness their entrepreneurial spirit and unique position to engage with their communities in meaningful ways. Here's how to get started! 1. Identify Your Social Impact Goals The first step for any startup aspiring to create social impact is to define clear social impact goals. What causes or issues align with your business's mission and values? Whether it's environmental sustainability, education, poverty alleviation, or another cause, identifying your purpose sets the foundation for your community engagement efforts. 2. Volunteer and Support Local Initiatives Start by actively participating in local initiatives. Join local volunteer groups, attend community events, and engage with nonprofit organizations that align with your chosen cause. By dedicating your time and resources to local projects, you establish a strong presence within your community and showcase your commitment to making a difference. Small businesses that engage with their local communities contribute significantly to local economic growth. According to the Small Business Administration, for every $100 spent at a local small business, $68 stays in the community. 3. Incorporate Social Responsibility into Business Practices Integrate social responsibility into your business operations from the start. Consider eco-friendly practices, ethical sourcing, and fair labor standards. Consumers increasingly prefer businesses that prioritize sustainability and ethical practices, making it a win-win for your startup. 66% of consumers in the 2020 Edelman Trust Barometer believe that companies can take actions that both increase profits and improve the economic and social conditions in their communities. 4. Collaborate with Nonprofits Partnering with nonprofit organizations allows your startup to amplify its impact. Collaborate on initiatives, sponsor events, or donate a portion of your profits to a cause you're passionate about. These partnerships not only support the community but also provide your startup with valuable exposure. 5. Engage Your Team in Giving Back Foster a culture of giving back among your employees. Encourage volunteer days, matching donations, or involvement in community service projects. Engaged employees who share your startup's commitment to social impact can become powerful advocates for your brand. Engaged employees are 87% less likely to leave their companies, as per Gallup. Companies that actively engage in corporate social responsibility (CSR) often report higher employee retention rates. 6. Leverage Digital Platforms for Social Good In today's digital age, startups have a unique opportunity to use their online presence for social impact. Share your social responsibility efforts on social media, create awareness campaigns, and encourage your online community to get involved. Your startup's online voice can inspire action and support for your chosen cause. A good reputation for social responsibility can boost a company's value. According to Deloitte, 76% of consumers believe companies should take a stand on important social issues, positively impacting their reputation. 7. Measure and Communicate Your Impact Track and measure the impact of your community engagement efforts. Use data and metrics to showcase the positive change your startup is making. Share these achievements through blogs, social media, and annual reports to inspire others and build trust with your audience. Starting a new business is not just about profits; it's also an opportunity to create a lasting, positive impact on your community and the world. By prioritizing community engagement and social responsibility from the beginning, your startup can stand out, inspire others, and contribute to making the world a better place. Remember, small actions can lead to significant change, and your startup can be at the forefront of that change.  When it comes to enhancing workplace dynamics and employee satisfaction, one area where data consistently supports positive outcomes is employee engagement. Engaged employees are more productive, less likely to turnover, and contribute significantly to a positive workplace culture. An effective strategy that is backed by robust metrics and research to boost employee engagement is workplace volunteerism. In this blog post, we'll delve into how encouraging employees to give back to the community can have a profound impact on your workforce and provide data-driven insights into its significance. Employee engagement is more importan than ever when it comes to attracting and retaining talent.
Encouraging volunteerism in the workplace is a proven tool to improve employee engagement.
Take steps to implement workplace volunteerism in your company.
Data-driven workplace volunteerism is not just a feel-good initiative; it's a potent tool for boosting employee engagement. By aligning your efforts with concrete metrics and research supporting the importance of both engagement and volunteerism, you can create a more engaged, motivated, and socially responsible workforce. Commence your journey toward a data-backed, purpose-driven workplace today, and witness the remarkable positive impact it brings, both within your organization and in the broader community.  In today's socially conscious world, businesses, regardless of their size, are increasingly expected to give back to their communities. While larger corporations may have substantial resources to dedicate to philanthropic endeavors, small companies can also make a significant impact without straining their finances. 1. Skill-Based Volunteering One of the most budget-friendly ways for small companies to give back is by offering their employees' skills and expertise to local nonprofits. Whether it's graphic design, marketing, web development, or legal advice, these skills can be invaluable to organizations that might not have the resources to hire professionals. Small companies can organize skill-based volunteering programs where employees dedicate a certain number of hours each month to help nonprofits in their areas of expertise. This not only benefits the community but also boosts employee morale and skill development. 2. Donation Matching Small businesses can encourage their employees to contribute to charitable causes by implementing donation matching programs. In this setup, the company matches employee donations to selected charities or causes, effectively doubling the impact of their employees' generosity. This encourages a culture of giving within the company and demonstrates a commitment to social responsibility. 3. Host Community Events Hosting community events is an excellent way for small companies to engage with their local communities. These events need not be extravagant or expensive. Simple initiatives like organizing charity walks, clean-up days, or educational workshops can bring people together and create a sense of unity and goodwill. Small businesses can also collaborate with other local businesses to share the costs of such events, making them even more cost-effective. 4. In-Kind Donations Instead of cash donations, small companies can consider making in-kind donations. This involves donating goods or services that the business already produces or offers. For example, a local bakery can donate surplus baked goods to a homeless shelter, or a marketing agency can provide pro-bono services to a nonprofit organization. In-kind donations not only reduce costs but also allow small companies to leverage their unique strengths and resources for the benefit of the community. 5. Employee Volunteer Days Allowing employees to take paid time off for volunteer work is a win-win for both the company and the community. Small businesses can offer a certain number of paid volunteer days each year, encouraging their staff to actively participate in community service. This not only promotes a culture of giving but also provides employees with a meaningful way to contribute to their communities without financial burdens. 6. Cause-Related Marketing Small companies can engage in cause-related marketing campaigns that tie their products or services to a charitable cause. For example, they can pledge to donate a percentage of their sales for a specific period to a local charity. This not only raises funds for the cause but also enhances the company's reputation and customer loyalty. 7. Mentoring and Internship Programs Small businesses can support the development of their communities by offering mentoring and internship programs to local students and aspiring professionals. This provides valuable learning opportunities for young individuals while fostering a sense of community engagement. Small companies don't need massive budgets to give back to their communities effectively. By getting creative and considering the resources they already have, they can make a meaningful impact while aligning their business goals with social responsibility. Whether through skill-based volunteering, donation matching, community events, in-kind donations, employee volunteer days, cause-related marketing, or mentoring programs, small businesses can contribute to their communities without straining their finances, ultimately creating a positive ripple effect that benefits everyone involved. Giving back is not just for the big players; it's an opportunity for every business, no matter how small, to make a difference.  In today's fast-paced business world, there's a notable shift in what employees seek from their jobs. Gone are the days when a paycheck and a corner office were the only aspirations. Today's workforce, particularly the younger generation, is more driven by purpose than ever before. They're not just seeking employment; they're searching for engagement, meaning, and a tangible connection between their work and the wider world. This is where the powerful duo of employee engagement and social impact comes into play. Employee Engagement is More Than Just Job Satisfaction Employee engagement refers to an employee's emotional commitment and attachment to their work and their organization. Engaged employees aren't just satisfied. They're motivated, involved, and passionate. They invest their best efforts into the job because they believe in the organization's mission and value their role in achieving it. While there are numerous strategies to foster this engagement, integrating social impact initiatives has emerged as one of the most effective methods. When employees feel their work has a broader social or environmental impact, their engagement levels often soar. Social Impact Goes Beyond Corporate Social Responsibility (CSR) Many companies have CSR programs, but social impact goes beyond just having a yearly charity drive or occasional community service day. It involves integrating societal and environmental considerations into the core business strategy and operations. It's about making a meaningful difference while achieving business goals. When employees see their company taking concrete steps to address social challenges, it amplifies their sense of purpose. They no longer perceive their roles as limited to their job descriptions; they become part of a larger narrative of positive change. The Top 4 Benefits of Combining Employee Engagement and Social Impact
5 Ways to Implement Social Impact Initiatives for Engagement
 In today's socially-conscious world, businesses are no longer solely judged by their financial success. Stakeholders, customers, and employees increasingly demand transparency and accountability from the companies they engage with. As a result, the need for a Corporate Impact Page has emerged as an essential element of a company's online presence. This dedicated page serves as a platform to showcase the organization's commitment to social responsibility, environmental stewardship, and ethical practices. In this blog post, we explore the reasons why every company should have a Corporate Impact Page and provide a comprehensive list of what it should include. Why Every Company Needs a Corporate Impact Page:
What to Include on Your Corporate Impact Page:
By incorporating these essential elements into your Corporate Impact Page, your company can confidently showcase its dedication to making a positive difference in the world.  In addition to their broader business practices, Small and Medium Sized Businesses (SMEs) can also make a significant impact by incorporating sustainability into their day-to-day office environment. This is a space where every employee can contribute and where sustainable habits can take root and spread beyond the workplace. Below are some ways in which businesses can foster sustainability in their local office settings. Reduce, Reuse, and Recycle This fundamental tenet of sustainability can be put into practice in numerous ways. Businesses can encourage employees to reduce waste by implementing digital solutions to minimize paper use. Existing materials can be reused wherever possible, such as repurposing old equipment or furniture instead of buying new. Furthermore, offices should have accessible recycling bins, and businesses can go a step further by implementing composting for organic waste. Energy Efficiency Energy usage is another area where SMEs can make significant sustainability strides. Using energy-efficient appliances and lighting, encouraging employees to turn off equipment when not in use, and making use of natural light where possible can all reduce an office's energy footprint. Additionally, more companies are opting to source their energy from renewable providers, further lowering their environmental impact. Sustainable Commuting Encouraging sustainable commuting options is another effective strategy. SMEs can facilitate carpooling, incentivize the use of public transportation, or install bike racks to encourage cycling to work. For businesses with the flexibility to do so, remote work not only reduces commuting-related emissions but can also lead to lower energy usage within the office. Green Spaces Incorporating green spaces in the office not only contributes to employee wellbeing but can also support local biodiversity. Whether it's potted plants in the office, a rooftop garden, or dedicating space for an outdoor green area, these small initiatives can make a significant difference. Educating and Involving Employees Lastly, education is key. Regular workshops or training sessions about sustainability can empower employees to take initiative, both within the workplace and in their personal lives. Businesses can also encourage employees to participate in sustainability planning and decision-making processes, creating a culture of ownership and responsibility towards sustainability. By implementing these practices, SMEs can demonstrate that a commitment to sustainability isn't just about grand gestures; it's also about the small, everyday choices that add up to a larger, more significant impact.  Many people wonder if they could afford to hire a nonprofit performance consultant. Our answer is simple in many cases: you can't afford not to. Do you want to be the best leader possible? Do you need an extra pair of hands? Do you need temporary support? Do you want to spend all of your energy working toward you mission? Would you like to improve in areas where you feel you face more challenges? These are all good reasons to hire a consultant. Running a nonprofit organization requires expertise across various domains, and sometimes seeking assistance from a nonprofit consultant becomes essential. However, understanding the costs involved in hiring a nonprofit consultant can be challenging. In this blog post, we will explore the typical costs associated with different services offered by nonprofit consultants, whether it's fundraising coaching, event management, strategic planning, or other essential areas. Fundraising Coaching: Fundraising coaching typically involves guiding nonprofits in developing effective fundraising strategies, donor cultivation, and campaign planning. Costs for fundraising coaching can vary depending on the experience and reputation of the consultant. On average, expect to pay a flat fee of $1,500 to $5,000 per month or an hourly rate ranging from $100 to $350. Special Events Management: For managing special events such as galas, auctions, or benefit concerts, nonprofit consultants can assist with planning, logistics, and execution. Flat fees for special events management can range from $3,000 to $10,000, while an hourly rate may fall between $75 and $250. Marketing Communications: Nonprofit consultants can help develop marketing strategies, branding initiatives, and communication plans to increase visibility and engagement. Typical costs for marketing communications range from $2,000 to $8,000 per month as a flat fee, or an hourly rate of $75 to $300. Website Development: When hiring a nonprofit consultant for website development, costs can vary depending on the complexity of the website, desired features, and customization requirements. Typically, consultants charge a flat fee ranging from $3,000 to $25,000 or more, depending on the scope of the project and ongoing maintenance needs. Fundraising Appeal Writing: Crafting compelling fundraising appeals requires expertise in storytelling and persuasive writing. The costs for fundraising appeal writing can be estimated at $500 to $2,500 per appeal, depending on the complexity and length. Performance based bonuses including percentage-based commissions, tiered incentives, or discretionary bonuses based on overall fundraising success may be part of the contract. Capital Campaign Management: Capital campaigns involve significant fundraising efforts for large-scale projects. Nonprofit consultants overseeing capital campaigns usually charge a percentage of the funds raised, typically ranging from 5% to 10%. Performance based bonuses including percentage-based commissions, tiered incentives, or discretionary bonuses based on overall fundraising success may be part of the contract. Grantwriting: Grantwriting involves researching, preparing, and submitting grant proposals to secure funding from foundations and grant-making organizations. Consultants may charge a flat fee per grant proposal, ranging from $1,000 to $5,000, or an hourly rate between $75 and $150. Performance based bonuses including percentage-based commissions, tiered incentives, or discretionary bonuses based on overall fundraising success may be part of the contract. 501c3 Formation: For organizations seeking assistance in forming a 501c3 nonprofit status, consultants can help with legal and administrative processes. Flat fees for 501c3 formation services can range from $2,000 to $10,000, depending on the complexity of the organization. General Nonprofit Administration Consulting: Consultants providing general nonprofit administration guidance offer expertise in governance, policies, procedures, and organizational structure. Costs for general nonprofit administration consulting may range from $100 to $400 per hour, or a flat fee based on the scope and duration of the project. Strategic Planning: Strategic planning consultants assist in developing long-term goals, objectives, and strategies for nonprofits. Costs for strategic planning services can vary widely, depending on the organization's size and complexity. Expect flat fees in the range of $5,000 to $20,000 or hourly rates between $150 and $500. Human Resources Management: Nonprofit consultants specializing in human resources can provide guidance on recruitment, performance management, policies, and compliance. Costs for HR management consulting may range from $100 to $300 per hour, or a flat fee based on the scope of work. Outsourced Bookkeeping: Outsourcing bookkeeping services to a nonprofit consultant can streamline financial management and ensure accurate record-keeping. Costs for outsourced bookkeeping services vary based on the size and complexity of the organization's finances. Typically, consultants charge an hourly rate ranging from $50 to $300 or offer a monthly flat fee starting from $500 to $2,500, depending on the volume of transactions and reporting requirements. It's important to note that these cost ranges are approximate and can vary based on factors such as the consultant's experience, geographic location, and the specific needs of your nonprofit organization. When considering hiring a nonprofit consultant, it's crucial to discuss pricing structures, deliverables, and expected outcomes to ensure a clear understanding of the services provided and associated costs. A cheaper hourly rate consultant may not always be the best decision. Take for example an inexperienced grantwriter who charges $50 per hour may end up billing you for 40 hours ($2,000) for something an experienced writer, charging $200 per hour, may be able to accomplish in 10 hours of work ($2,000) with a higher quality output and fewer errors. Remember, investing in the expertise of a nonprofit consultant can yield significant benefits by improving efficiency, increasing revenue, and enhancing overall organizational effectiveness. Carefully evaluating the costs and aligning them with your nonprofit's budget and goals will help you make an informed decision and maximize the impact of the services provided by a nonprofit consultant.  In a world where nonprofits play a crucial role in addressing various social issues, it's no surprise that they often approach companies and philanthropists for support. While the desire to contribute and make a difference is commendable, it's important to recognize that not every donation request can be fulfilled. Ethical decision-making entails setting boundaries and allocating resources effectively. In this blog post, we will explore the art of respectfully declining nonprofit donation requests while maintaining a spirit of collaboration and empathy. Prioritize Your Mission and Values: Before considering any donation request, it's vital for companies and philanthropists to evaluate their own mission and values. Aligning with causes that resonate with their core purpose enables more focused and impactful giving. When faced with a donation request that doesn't align, it becomes easier to respectfully decline while maintaining a genuine commitment to social change. Be Transparent and Communicative: When declining a donation request, transparency is key. Clearly articulate the reasons behind your decision, emphasizing that it is not a reflection of the nonprofit's value or worthiness. By openly communicating your perspective, you provide an opportunity for the nonprofit to understand your considerations and potentially explore alternative avenues for collaboration. Offer Alternative Support: Instead of simply saying "no," explore alternative ways to support the nonprofit. It could involve connecting them with other potential donors or partners who might have a stronger alignment with their mission. Providing guidance and resources can help the organization grow, even if you are unable to contribute financially at the moment. Consider Collaborative Opportunities: While declining a donation request, express interest in exploring future collaboration. This demonstrates that your decision is not based on a lack of support for their cause, but rather on current circumstances. Propose possibilities such as joint events, partnerships, or shared resources that could create a mutually beneficial relationship in the future. Encourage Long-Term Relationships: Even if you are unable to fulfill a particular request, nurturing long-term relationships with nonprofits can lead to more substantial impact over time. Communicate your willingness to engage with the organization on an ongoing basis, offering support in the form of mentorship, volunteerism, or sharing expertise. Building a network of collaborative relationships can generate positive change collectively. Maintain Privacy and Confidentiality: Respect the privacy of both your decision and the nonprofit's request. Avoid disclosing any confidential information that may have been shared during the donation solicitation process. Maintaining confidentiality ensures trust and preserves the integrity of your organization and the nonprofits you engage with. Respecting the boundaries of philanthropy is crucial to maintaining a sustainable and effective giving ecosystem. While it's not always possible to fulfill every donation request, companies and philanthropists can decline in a respectful manner that preserves relationships and fosters collaboration. By aligning donations with their mission, providing transparent communication, exploring alternative avenues of support, and nurturing long-term relationships, donors can continue to make a positive impact while maintaining ethical boundaries. Remember, it's not about saying "no" to a nonprofit; it's about finding the right opportunity to say "yes" to the causes that resonate most deeply with your purpose.  Building a strong brand reputation through philanthropy can be a powerful strategy for small businesses. Here are some effective ways to utilize philanthropy to enhance your brand reputation:
Remember, building brand reputation through philanthropy is a long-term commitment. Consistency and authenticity are key. By genuinely integrating philanthropy into your business ethos and communicating your efforts effectively, you can build a strong brand reputation that resonates with your customers, differentiates your business from competitors, and enhances your market position.  In today's highly competitive business landscape, small business owners are constantly seeking ways to differentiate themselves and enhance their market position. While traditional marketing strategies undoubtedly play a crucial role, incorporating philanthropy into your business model can provide a powerful boost. By aligning your business with a cause and actively participating in philanthropic initiatives, you not only make a positive impact on society but also strengthen your brand reputation and forge stronger connections with customers. Let's explore how philanthropy can be a game-changer for small businesses. Building Brand Reputation Philanthropy is an excellent avenue for small businesses to establish a positive brand reputation. By supporting a cause that aligns with your core values, you demonstrate your commitment to making a difference beyond profits. Engaging in philanthropy not only appeals to socially conscious customers but also generates goodwill among the wider community. Through targeted initiatives such as donations, volunteering, or cause-related marketing campaigns, you can create a lasting impression that fosters trust and loyalty, ultimately enhancing your market position. Creating Emotional Connections Philanthropy allows small businesses to connect with customers on a deeper, more emotional level. When people see a company actively involved in charitable activities, it evokes a sense of shared purpose and empathy. By communicating the impact of your philanthropic efforts through storytelling, social media, or public events, you can engage customers in a meaningful way. This emotional connection cultivates brand advocates who not only support your business but also spread positive word-of-mouth, strengthening your market position and attracting new customers. Differentiation and Competitive Advantage In a crowded marketplace, standing out from the competition is paramount. Philanthropy provides a unique opportunity for small businesses to differentiate themselves. By focusing on a cause that resonates with your target audience and crafting purpose-driven messaging, you distinguish your brand from others solely focused on profit. This differentiation acts as a powerful competitive advantage, attracting customers who share your values and are more likely to choose your products or services over those offered by your competitors. As a small business owner, incorporating philanthropy into your business strategy offers a myriad of benefits. From enhancing brand reputation and creating emotional connections to differentiating your brand and gaining a competitive edge, philanthropy provides a unique avenue to improve your market position. By leveraging the power of giving back, you can not only make a positive impact on society but also strengthen your business's bottom line in the process. Embrace philanthropy as a strategic tool and unlock its transformative potential for your small business.  Fundraising is a vital aspect of nonprofit organizations, providing the necessary financial resources to support their mission and programs. Nonprofit leaders play a crucial role in driving successful fundraising efforts. To effectively navigate the complex and competitive landscape of fundraising, nonprofit leaders must possess a diverse set of skills. In this blog post, we will explore the key skills that nonprofit leaders need to succeed in fundraising and make a lasting impact on their organizations. 1. Relationship Building: One of the fundamental skills that nonprofit leaders need for successful fundraising is the ability to build and nurture relationships. Building strong relationships with donors, supporters, and stakeholders is crucial for cultivating trust, loyalty, and long-term engagement. Effective leaders invest time in getting to know their donors personally, understanding their motivations, and tailoring their fundraising strategies accordingly. They prioritize building genuine connections based on shared values and a common vision. 2. Communication and Storytelling: Effective communication is at the heart of successful fundraising. Nonprofit leaders must possess exceptional communication skills to convey their organization's mission, impact, and financial needs to potential donors and supporters. They should be able to craft compelling stories that evoke emotions and inspire action. By effectively communicating the importance of their cause and the impact of donor contributions, nonprofit leaders can create a sense of urgency and motivate individuals to support their organization financially. 3. Strategic Thinking: Fundraising requires strategic thinking and planning. Nonprofit leaders must be able to analyze the funding landscape, identify potential funding sources, and develop comprehensive fundraising strategies aligned with their organization's goals. They should be capable of identifying opportunities, anticipating challenges, and adapting their strategies to changing circumstances. Strategic thinking involves setting realistic fundraising targets, developing action plans, and evaluating the effectiveness of different fundraising initiatives. 4. Financial Management: A solid understanding of financial management is essential for nonprofit leaders involved in fundraising. They need to be knowledgeable about budgeting, forecasting, and financial reporting to ensure transparency and accountability to donors. Nonprofit leaders should have the ability to create and manage budgets, track financial performance, and demonstrate responsible stewardship of funds. By showcasing sound financial management practices, nonprofit leaders can instill confidence in potential donors and strengthen their fundraising efforts. 5. Networking and Collaboration: Nonprofit leaders need strong networking and collaboration skills to expand their reach and access a wider donor base. Building relationships with individuals, businesses, foundations, and other nonprofit organizations can lead to strategic partnerships, shared resources, and collaborative fundraising opportunities. Effective leaders actively engage in networking events, conferences, and community gatherings to establish connections and foster mutually beneficial relationships. By leveraging these networks and collaborations, nonprofit leaders can enhance their fundraising efforts and create a larger impact. 6. Data Analysis and Evaluation: Nonprofit leaders must have the ability to analyze data and evaluate the success of their fundraising strategies. They should be comfortable working with fundraising software and tools to track donor contributions, measure campaign effectiveness, and identify trends and patterns. By leveraging data-driven insights, nonprofit leaders can make informed decisions, refine their fundraising approaches, and optimize their efforts for better results. Fundraising is a critical aspect of nonprofit leadership, and mastering the necessary skills is key to achieving success. Nonprofit leaders who possess strong relationship building, communication, strategic thinking, financial management, networking, and data analysis skills are better equipped to navigate the challenges of fundraising. By continuously honing these skills, nonprofit leaders can inspire donors, mobilize resources, and make a significant impact on their organizations and the communities they serve.  Corporate Social Responsibility (CSR) is everyone's job within a company. CSR initiatives should not be the sole responsibility of one department or individual within a company. Instead, CSR should be integrated into the company's culture and values, and all employees should be encouraged to contribute to CSR efforts in their own way. All employees, from entry-level staff to executive leadership, can play a role in supporting CSR initiatives. This can include volunteering for community service events, participating in sustainability initiatives, reducing waste and energy consumption in the workplace, supporting diversity and inclusion initiatives, and advocating for ethical business practices. By involving all employees in CSR initiatives, companies can create a culture of social responsibility and sustainability, which can have a positive impact on both the community and the company's bottom line. Additionally, involving employees in CSR initiatives can increase employee engagement, job satisfaction, and retention, which can lead to a more committed and motivated workforce. CSR projects should be a collective effort involving various departments and people within a business. In practice, the following departments are typically most involved in implementing CSR initiatives:
Note: This article refers to Corporate Social Responsibility (CSR). CSR activities are also often referred to as Corporate Responsibility, ESG, Community Investment, Social Impact, and Community Relations.  If you're an employer competing for top talent in your industry, you may want to consider creating a formal plan to encourage volunteer service among employees. Working somewhere that encourages volunteer service can be important for several reasons.
As more and more companies recognize the importance of social responsibility and community involvement, many are turning to volunteer service programs as a way to give back and make a positive impact. However, simply encouraging employees to volunteer on their own time may not be enough to create a meaningful impact. To truly make a difference, companies need to develop a formal plan to encourage and support employee volunteer service. Here are some reasons why your company needs a formal volunteer service plan:
A formal volunteer service plan can provide numerous benefits to both employees and companies. By supporting and encouraging employee volunteer service, companies can improve employee engagement, build a positive reputation, support local communities, improve employee skillsets, and enhance corporate social responsibility. If your company has not yet developed a formal volunteer service plan, now is the time to do so and make a meaningful impact.  Cause marketing is a marketing strategy that involves a company partnering with a nonprofit organization to promote a charitable cause while also promoting their own brand. The idea is that customers will feel good about supporting a good cause while also purchasing a product or service from the company. There are three main ways you can incorporate Cause Marketing into the marketing plan for your company.
25 Examples of Cause Marketing Campaigns
 Environmental, Social and Governance (ESG) is an umbrella term used to refer to the set of standards, practices and policies that a company has in place to ensure they are taking responsibility for the environment, social issues and governance. ESG has become increasingly important as businesses become more focused on sustainability, ethical practices and the overall health of their operations. Small businesses, in particular, have an important role to play in ensuring that they contribute positively to society and the environment. However, monitoring ESG impacts can be challenging for small businesses, especially those with limited resources. By monitoring their ESG impacts and tracking relevant metrics, small businesses can identify areas for improvement and take action to become more sustainable and responsible. By doing so, they can not only benefit the environment and society but also enhance their reputation and build a loyal customer base. Small businesses can be involved in ESG in a number of ways. First, they can commit to sustainable practices and ethical operations. This can include adopting renewable energy sources, minimizing waste production and disposal, and implementing fair labor practices. Second, they can ensure they are compliant with legal regulations and labor standards. Third, they can invest in social initiatives, such as initiatives to support local communities, education and health. Finally, they can adopt corporate governance practices that are transparent and accountable. Small businesses can monitor their ESG performance by regularly measuring their progress against their goals. This includes tracking their environmental, social and governance progress against targets, such as reducing their carbon footprint or increasing their charitable giving. Additionally, businesses can use third-party audits and assessments to measure their ESG performance and identify areas for improvement. Small Business Environmental Impacts (E) Small businesses are an important part of any local economy, and with the increasing global focus on sustainability, it is important for these businesses to become more sustainable. Fortunately, there are a number of ways that small businesses can make changes to reduce their environmental impact and become more sustainable.
Small Business Social Impacts (S) Employers have a responsibility to ensure that the labor conditions they provide to their employees are safe, fair, and equitable. Improving labor conditions can have a positive impact on employee morale, productivity, and overall job satisfaction.
Small Business Governance Impacts (G) Small businesses should pay attention to their corporate governance practices. This includes ensuring that there are clear lines of communication between management and employees, that all employees have a say in decision-making, and that any corporate policies are in line with ESG considerations. A governance policy can help ensure that the company is being managed in an ethical and responsible manner. In terms of governance, small businesses can track metrics such as regulatory compliance and ethical conduct. This can help them ensure that they are operating in a responsible and transparent manner and that they are complying with all relevant regulations and laws.
  If you are a business owner, executive, or business leader working to make the world a better place through corporate giving and volunteerism, you may find yourself wondering how to make sense of it all. With so many terms thrown around that are used to describe business activities in philanthropy, which one can you use to help you benchmark and improve your company's Corporate Social Responsibility programs? Sometimes it's referred to as Corporate Responsibility and other times it's corporate citizenship or ESG. What is the difference of all these terms, or is there a difference at all? We hope to clear up some confusion on the topic of terminology in corporate philanthropy. Corporate Social Responsibility (CSR) Corporate Social Responsibility (CSR) is an approach taken by many businesses to actively support and contribute to the betterment of their local and global communities. This could be done through activities such as volunteering, financial donations, or by creating and implementing sustainability initiatives. CSR can be seen as a business-wide commitment to conduct business responsibly and ethically, as well as to ensure that the business is taking into account the impact of its decisions on the environment, society, and its stakeholders. Corporate Responsibility Corporate Responsibility is often used interchangeably with CSR, however, it is actually a broader term that encompasses the environmental, social, and economic responsibilities of a company. Corporate Responsibility is more focused on long-term initiatives that can benefit all stakeholders, such as investing in local job creation, reducing environmental impact, and promoting diversity and inclusion. Corporate Citizenship Corporate Citizenship is a term that is used to describe a company’s commitment to ethical and responsible business practices. This can involve activities such as supporting local charities, taking part in community-based initiatives, or by investing in social and environmental projects. Being a good corporate citizen means taking responsibility for the impact of your business on the environment, society, and economy. It also means taking responsibility for any negative impacts your business activities may have, and working to mitigate and address those impacts. Corporate Social Investment (CSI) Corporate Social Investment (CSI) is a term that is used to describe a company’s commitment to investing in projects and initiatives that have a positive impact on the community. Corporate social investment is when companies invest their resources, such as their time, money and knowledge, into programs and initiatives that are aimed at improving the lives of people in their local community. This can be done through a variety of ways, such as providing volunteering opportunities, providing educational or training programs, or providing financial support to those in need. Corporate Giving or Corporate Philanthropy Corporate Giving and Corporate Philanthropy are terms used to describe a company’s commitment to donating to charitable causes. This could include activities such as donating money, providing volunteer services, or sponsoring local events. Cause Marketing Cause marketing is a marketing strategy that combines the goals of a for-profit company with the mission of a non-profit organization or cause. It allows businesses to give back to their communities and support important causes, while also promoting their own products and services. companies can also partner with non-profit organizations to create campaigns and events that support a specific cause. These campaigns can be multifaceted and include things such as social media campaigns, special events, and even product sales. Community Investment Community Investment is a term used to describe a company’s commitment to investing in local initiatives that benefit the community. This could include activities such as offering internships, providing financial support to local schools, or investing in community development projects. Environmental, Social, and Governance (ESG) Environmental, Social, and Governance (ESG) is a term used to describe a company’s commitment to conducting business in a manner that is environmentally, socially, and economically responsible. Environmental considerations include reducing carbon emissions, conserving natural resources, and reducing pollution. This can be monitored through energy and water use, waste management, and other activities. Social considerations include promoting diversity and inclusion, supporting employee wellbeing, and engaging in responsible labor practices. This can be done through surveys, listening to employee feedback, and providing resources and support. Lastly, Governance considerations include ensuring ethical business practices, transparency in operations, and promoting sustainability initiatives. Impact Investing Impact investing is a type of investing that focuses on achieving both financial returns and positive social or environmental impacts. It is a form of investment that seeks to generate a measurable, beneficial social or environmental effect alongside a financial return. Impact investing can be used to fund a variety of projects, from renewable energy to affordable housing and health care. For example impact investing can fund affordable housing projects by providing housing that is affordable to lower-income households at a lower return than they may get in market rate housing. By investing in these projects, investors can help to address the issue of poverty and provide a safe and comfortable living environment to people who may not otherwise be able to afford it. Social Impact Social impact is a measure of the positive and negative influence a company has on its local, regional and global communities. It is often used to evaluate the effectiveness of a company's CSR initiatives, such as its environmental policies, charitable contributions, and other activities. Social impact can be measured in terms of the number of people affected, the amount of resources used, and the long-term effects of the company's actions. Diversity, Equity, and Inclusion (DEI) DEI stands for Diversity, Equity, and Inclusion. It refers to the conscious and intentional efforts made by companies to create a culture that embraces and celebrates the differences among employees. DEI aims to foster an environment where everyone feels valued, respected, and supported, regardless of their race, ethnicity, gender, sexual orientation, religion, nationality, or any other characteristic that makes them unique. DEI is important for a company because it creates a competitive advantage by attracting and retaining top talent, improving employee morale and engagement, enhancing the company's reputation, and increasing innovation and creativity. When employees feel valued and respected, they are more likely to be motivated, productive, and committed to the company's mission and vision. All of these terms are used to describe a company’s commitment to conducting business in an ethical and responsible manner. Each of these terms has its own focus and purpose, but ultimately, they all share the same goal of creating a better environment for all stakeholders. Companies have the potential to make a real difference in the lives of those around them and in the community as a whole, and this cannot be done without investing in the community. By investing in strategic philanthropy, companies will be able to demonstrate that they are taking a responsible and sustainable approach to business operations. This can help them to stand out in the marketplace and build trust with stakeholders, customers, and employees. 
 If you're asked to serve as a member of the Board of Directors for a nonprofit organization, make sure you will be covered by Board Member D&O Insurance (Directors and Officer's Insurance). Most companies and nonprofits will cover the cost of this insurance for all board members, but if they refuse you have the option of purchasing a policy yourself. You also may want to think twice about joining a board that will not cover your exposure to financial risk.
What is Nonprofit Board Member Insurance? Nonprofit board member insurance (D&O insurance) is an important protection for those who volunteer their time and expertise to serve on the board of a nonprofit organization. Think of it as a safety net that protects you as a board member. It covers board members from the risks they may face while serving on the board, such as personal liability for decisions made in the course of their duties, legal fees, and damages they may be held responsible for. D&O Insurance is a type of liability insurance that covers the legal defense costs and any settlements or judgments that may result from legal action taken against you for alleged wrongful acts or decisions made in your capacity as a board member. Why Do Nonprofit Board Members Need D&O Insurance? If you are a nonprofit executive leader, you should spend the money to offer a policy to your Board of Directors. Having this insurance can demonstrates a commitment to responsible governance and can attract high-quality board members who value the protection that insurance offers. Nonprofit board member insurance is especially important in today’s world, where nonprofit organizations often take on complex and challenging projects, and face a variety of legal and financial risks. Board members are ultimately responsible for the decisions made by the nonprofit organization, and can be held personally liable for any mistakes or oversights. Even if the board member is not directly at fault, they may still be held liable for any losses or damages suffered by the organization. It's not a matter of if a lawsuit will happen, but rather when. As a nonprofit board member, you can be held personally responsible for any decisions or actions that result in financial loss or harm to the organization or its stakeholders. Even if the allegations against you are false or baseless, the legal defense process can be lengthy and expensive. D&O Insurance can give you peace of mind so you can and focus on your role as a board member without worrying about personal financial repercussions. Nonprofit board member insurance provides financial protection for board members in the event of any legal action taken against them. It can cover legal fees associated with defending the board member against any allegations, as well as any damages that may be awarded. In some cases, this insurance may even cover the cost of settling out of court. When is D&O Insurance Used? D&O Insurance can be used in a variety of scenarios. Here are some examples:
D&O Insurance is an essential component of any nonprofit organization's risk management strategy. As a board member, having this insurance in place can provide peace of mind and protect you from personal financial loss in the event of a lawsuit. It's important to ensure that the nonprofit you are involved with has this coverage in place to protect both the organization and its board members. Having the right insurance in place can help protect board members from any financial losses they may face due to their involvement in a nonprofit organization. It can also help to reduce the risk of financial ruin for the organization itself, as well as for its board members. If you need help finding a reputable, trustworthy risk management advisor for your nonprofit organization, contact us and we can help point you in the right direction.  Philanthropic giving may seem like an easy process. Many who get involved have the ability to make significant impacts on the causes and nonprofit organizations they are helping. But, simply having the desire to help others doesn’t necessarily mean you will be effective at it. There’s plenty of forethought that goes into charitable giving. This is why creating a strategic philanthropy plan allows you to be intentional with your donations and guides you through your decision making.
How to Give Money Away...Strategically The following questions will help you determine the best way to distribute your income. What are you and your family’s values, concerns, and beliefs? Figuring out what you care about is one of the first steps when it comes to philanthropic giving. You want to have a clear understanding of why you are doing what you’re doing and that starts with anchoring your philanthropic efforts in ideas, beliefs, and values that are important to you and your family. This helps you begin your process in solving complex problems. Once you’ve determined this you can go about looking for organizations or issues you hope to impact. This is also the time to see what others in the field are working on and the types of aid a specific issue needs. What does success in philanthropy look like to you? Success can look different to everyone. This could mean seeing the organization you are funding reach their goals, you reaching your own philanthropic goals, or even just being able to actively contribute your time and money to the cause you care about. The main focus is understanding what you would like to see yourself achieve. Take time to think about potential outcomes and research whether or not your goals are feasible. How will you go about giving? This is the stage where you map out the type of resources you can bring to the table and how you will go about contributing them. If it’s money you are looking to donate, look into how often and how much you are willing to give as well as any risks involved. Giving can also be done through other avenues such as through volunteering, mentoring, or creating connections for the organizations. Divide up your time and resources into something that makes sense for you and stick to it.  Whether you have been giving for a few decades or just stepping into the philanthropic world, you might be curious about different styles of giving and wonder what your tendencies lean towards. Well, according to the Foundation Source, there are five common methods of giving that they have noticed among clients in the charitable giving world. Curious to see where you may fall within these categories? Read ahead to discover the five types of philanthropists!
Checkbook Philanthropists Those who are labeled checkbook philanthropists can be pictured as someone who whips out their checkbook without much notice or forethought and is ready to donate to needs as they come their way. There is more spontaneity when it comes to these donations and oftentimes, this means that they are simply happy to contribute to the organization’s work and do not expect much in return. Responsive Funders Philanthropists who are focused on a very specific cause or field of interest and actively respond to requests for funding within their interests. These types of donors can be good for nonprofit organizations targeting strategic philanthropy because they know the exact guidelines and circumstances under which responsive funders are willing to provide monetary support. This concentrated focus on certain giving areas can be very impactful to organizations in those sectors. Venture Philanthropists Donors who focus on applying venture capital tactics and strategies using hands-on involvement and mentorship fall under venture philanthropists. They are much more likely to be involved with the organization in more ways from day-to-day tasks and with setting goals for long-term success. Venture philanthropy is looking to grow organizations. Results-based Philanthropists Those who want to fix the problem and not just treat the symptoms are results-based philanthropists. These donors work with individuals involved on all levels from nonprofits to government sectors to make an impact. They are more likely to invest a lot of time in researching nonprofit organizations before taking any on as a philanthropic project. This is because they have a desire to understand all aspects of the problem before setting and tackling achievable goals. Collaborative Funders Those who understand the need for the involvement of multiple parties to work towards a common goal are collaborative funders. This could involve bringing together family foundations, corporate philanthropists, etc. to share the responsibilities of supporting a cause based on their ability. These types of philanthropic setups involve diverse individuals concentrating on specific tasks to accomplish an overall goal.  About a decade ago, a number of the world’s influential billionaires came together to share ideas on how they could motivate other wealthy people to contribute their wealth to philanthropy. This was the inception of “The Giving Pledge,” a campaign that encouraged the rich to dedicate at least half of their wealth to philanthropic efforts.
Background "The Giving Pledge” was a campaign that was discussed at a private dinner meeting in May of 2009 that consisted of some of the most well-known billionaires like David Rockefeller, Michael Bloomberg, and, reportedly, even Oprah Winfrey. While this meeting was kept secret when it occurred, a year later, its hosts, Bill Gates and Warren Buffet announced the launch of the modest campaign. This desire for change was fueled by the lack of donations from the billionaire population. The call for action was not too specific or demanding. It requested that billionaires pledge 50 percent of their fortune to philanthropy. Those who made the pledge would not be bound by requirements meaning they could give to any causes they desired through any method and without time constraints, although donations to political parties would not count. Gates and Buffet hoped that the relaxed guidelines would serve as a strategic choice to get more billionaires to commit to donating. At its start, 40 of America’s wealthiest individuals signed up for the commitment and it has since grown to over 200 of the world’s richest individuals, couples, and families from 25 different countries. The pledge works by having those who sign up issue a public commitment towards its mission. Those involved are able to independently work on their contributions and are then invited to an annual gathering to celebrate, share, and learn from one another as well as experts. These billionaires come from different backgrounds and have diverse philanthropic interests ranging from issues including poverty, education, health, research, environmental sustainability, etc. A full list of pledge signatories can be found on the pledge’s website. It also includes the public pledge that each signatory released at the time of commitment. Here are just a few of the pledges made:
While the purpose of the pledge was to encourage billionaire’s to contribute their wealth, the sentiment of giving generously is relevant to capable donors of any financial status. For some insight on strategic giving, visit our blog for information!  Estate planning requires juggling a variety of decisions involving property, money, and entities. When trying to decide what happens to your valuable possessions, many will usually set aside something to loved ones while also dedicating some of their fortune to a good cause. Those interested in pursuing a philanthropic option can do so by seeking out nonprofit organizations whose missions closely align with your values. When these plans are incorporated, it is known as “planned giving.” The trend used to be that many philanthropists would leave behind a trust or a foundation for giving to occur after they have passed. The responsibility then falls on heirs to ensure organizations are being properly funded and your wishes are being carried out. But, this tradition has become a way of the past. Many are choosing to give actively throughout their lives rather than saving everything for later. There’s plenty of good that can come from choosing to engage in philanthropy now rather than the future but it is understandable that many considerations come into play when deciding this. Pros and Cons of Giving Now and Later
 One of the considerations that comes up when you decide to participate in charitable giving is the topic of anonymity. Depending on the type of person you are and the effects you are looking for, giving anonymously may seem like the way to go rather than making your donations well-known to everyone. There’s arguments for each side and ultimately, the decision is up to you. Before making your next philanthropic move, weigh the advantages and disadvantages of giving anonymously and publicly.
Giving Anonymously There are plenty of factors that go into making the decision to be anonymous in your giving. These can include your background, the organization you are supporting, etc. Here are the advantages and disadvantages associated with giving anonymously: Disadvantages
Advantages
Giving Publicly Disadvantages
Public donations are preferred by many organizations and offer them more opportunities and benefits than you may realize. For example, the more donors they are able to publicly include on their list, the more likely they are able to grow their work with the community. Not only does your donation help fund their projects, you name attached to a charitable gift can be used to help elevate fundraising efforts, create compelling stories, and help the organization build a relationship with you as a donor.  Joining the board of directors for a nonprofit organization can be a major responsibility as well a major source of pride and excitement. Guiding a nonprofit and being along to see it obtain its goals is a worthwhile experience. But there are a few things to consider before taking on this role. Nonprofit board members should be actively involved with the organization and are expected to contribute financially in some shape or form whether this be through giving your time, dedicating your skills towards advancing the organization, or donating money. Before making the decision to become involved with a board of directors, make sure you understand the commitment you’re making as well as the organization you are serving.
1. Can I see a copy of your latest IRS Form 990? A form 990 is the form submitted to the IRS to determine whether or not a nonprofit organization can maintain its tax-exempt status. This form will include all of the nonprofits income and expenses including any money they have awarded through scholarships or grants, salaries of the organization’s five highest paid employees, donations, fundraising, etc. As a potential board member, you can use this form to evaluate the financial health of the nonprofit and whether its spending and saving habits fall in line with your expectations as a future member on their board of directors. Most nonprofits will make this form available to those who request it and some may even be found online through sites like Guidestar. 2. How much will I be expected to give each year? When you join a board of directors for an organization, it is usually expected that members will make some sort of personal contribution to the organization themselves. Board giving is a common way to demonstrate your support to the organization you serve and also positions you as a role model in the community for other donors. Expectations can vary based on the nonprofit you are working with so be sure to get informed before getting involved. 3. How much will I be expected to raise each year? Fundraising should always be one of the top priorities for board members. This is one of the key ways many nonprofit organizations raise enough money to accomplish their goals. Board fundraising can look like a variety of situations from creating connections with your own circle and identifying prospective donors to helping with fundraising initiatives and requesting gifts. It also includes bringing in resources, support, and skills into the organization.  Making philanthropic donations is not just for the rich and famous. Anyone can easily get involved with contributing to their communities and causes that they care about. Giving circles are becoming a popular way for everyday people to give back. Through giving circles, those that want to make an impact are able to be a part of a giving and decision-making process. Giving circles have been around for many years and are becoming increasingly well-known and used. In fact, the number of giving circles in existence have tripled in just the last decade alone and is expected to grow to 350,000 people in the next five years. So what is a giving circle and how might you get involved with these communities of giving? It is easy to get involved once you’ve decided you want to help out. Here’s all you need to know when it comes to your own journey in philanthropy.
What Is a Giving Circle? Giving circles are charitable giving groups made up of friends, family, coworkers, or other members of a community. These circles can be made up of a handful of people or up to thousands of people. The main purpose is for them to serve as a way for a group of people to come together, pool their finances, and decide on a cause to contribute their funds to. The giving circle model is infinitely flexible and has no limitations when it comes to membership. Each individual giving circle decides for themselves how much each person will contribute, how often to meet, and what to give to. This means they are accessible and easy ways for anyone interested in philanthropy to get involved. How Do Giving Circles Work? Giving circles operate in a variety of ways depending on the individual goals and make up of the group. However, most will function based on similar steps in order to get their charitable contributions into the community. It begins with a group of any number of people who have decided they want to come together for philanthropic reasons. This group then determines the amount of funding they are wanting to give to their community. Next, giving circles will discuss what the group’s values, interests, vision, etc. are in order to determine what issues and organizations to fund. A grant-making process is then created, and financial logistics are sorted out. Finally, the group makes their contribution before setting up additional meetings or community engagements. How Do Giving Circles Invest Their Money? Giving circles choose to invest their money based on the decision-making of the group. This is where financial logistics are determined. Individuals in the group come together to decide their funding criteria which can be based on creating applications, deciding who qualifies, and how to report this. There’s a variety of ways to go about the actual investing. Some organizations prefer to vet and vote together while others pool funding without any grant approval process. Some larger giving circles will even create a committee that does most of the vetting and sends out information to members. How Can You Start a Giving Circle? Starting your own giving circle is an option if there aren’t any created that you’re interested in. The bulk of creating a giving circle involves forming your group of philanthropists and figuring out what your commitments and values are. The United Philanthropy Forum gives a great ten step summary of how to start your own circle and Amplifier offers a downloadable document for giving circle essentials. From start to finish this will involve building your membership, deciding on contributions and grant process and following through so organizations you have chosen are getting their funding. Remember to revisit your short- and long-term goals often and take feedback from those around you to continuously improve your giving procedures. Where to Find a Giving Circle To Join There are plenty of giving circles that are already established if you’re looking to join one. Many are open to membership and have local contacts for you to reach out to. The great thing about this is that there is already a wide variety of causes and organizations to choose from which means you can find one that aligns with your own passions. Use these resources to find a giving circle to join:
There are endless possibilities when it comes to giving circles so take your time and search through directories for what interests you or start your own to get your own social circle mobilized in giving. These circles are a simple way for everyone to get involved regardless of financial background. Join this movement in bringing about change in the world. |
