Maximize Your Returns on Philanthropy How to Move from Few to Many

Hand passing a credit cardTo avoid haphazard returns, align your philanthropic and business strategies. Firms that maximize their returns build philanthropic strategies do this and reap the benefits.* Here are three ideas to help you pivot to a unified strategy.

1. Take It from the Top. Assign a percent or set aside from the philanthropic and marketing budget each year to support the business strategy. A pharmaceutical firm tosses all new dollars into a business strategy pool.

2. Show Not Tell. Introduce your associates to specific nonprofits. An insurance company invites five national nonprofit CEOs to their all-star agent weekend.

3. Be Picky. Many nonprofits offer an array of programs. Whenever possible, fund projects that match your company’s strategy. A nonprofit expects board members to contribute $2,500 each to a gala. The board member’s firm makes the gift and designates it to fit within the company’s overall strategy.

Giving back. It’s about what it does, not what it costs. Evaluate your business philanthropy with the Bottom Line Philanthropic Assessment.

*Read more about the benefits, such as improved profits, here.

Karen Eber Davis

Karen Eber Davis Consulting guides executive directors and CEOs to generate the resources, boards, and support they need to make remarkable progress on their missions. As the award-winning thought-leader, advisor, and founding principal of Karen Eber Davis Consulting, Karen helps nonprofit leaders get answers, generate revenue, and grow their mission. Davis is known for her innovation and practicality based on her work with or visits to over 1,000 nonprofit organizations and her experience leading board and team events. She is the author of 7 Nonprofit Income Streams and Let's Raise Nonprofit Millions Together.