7 Tactics to Enhance Your Firm’s Return on Philanthropy

This post has been revised since its first publication.

Here are some ideas I’m advocating to businesses to achieve faster and more lasting results in their philanthropic pursuits: Doll with a Dice Showing Win on every side

  1. Determine three goals for your philanthropy. You might choose to pay it forward, enhance employee skills or grow your brand. What percent of your gifts will you dedicate to these goals? What percent will you put aside for requests that come over the threshold?    
  2. Prefer “win, win, win” opportunities. Give where the community wins, nonprofits win, and your firm wins. Triple wins provide the best return and increase everyone’s well- being. 
  3. Determine how you handle requests? Will you direct them to one person? Let everyone champion their favorite causes? Establish a committee to review? What will you do about seepage; that is, requests that fail to follow the established path? How will you respond to the pressure to give, say from a major customer, with minimal wins?
  4. Establish the best way to engage employees. Will you offer time off to serve? Match their donations? Offer discounts to nonprofit where employee volunteer? Require employee engagement prior to business cash donations? Will you invite competitive teams to raise funds?
  5. What gifts will you discontinue? Might anything the nonprofit does or offers change your mind? If not, how will you manage the push back? 
  6. Evaluate major gifts of time and money. Count the relationships nurtured. Tally lessons and insights gained. Estimate branding boosts. How is the community better? How did the nonprofit change? Look at your bottom line impact.
  7. Market your good works. If you can’t passionately and dramatically talk about how you give back to the community, then who will?

Print this list. Use it to achieve a return on your philanthropy, quicker. 

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.