A well-established board of administrators can play a vital function within the success of a nonprofit. Not solely by governance and strategic management but additionally by actively contributing to revenue-generation efforts by devoted board member fundraising.
One highly effective but usually underutilized means board members can amplify their influence is by leveraging company philanthropy packages like matching items and volunteer grants—together with particular packages designed to have a good time board membership. These initiatives enable key people to maximise their private contributions and repair, encouraging larger group assist and engagement.
On this publish, we’ll discover how board members can make the most of these alternatives and extra to drive extra funding for his or her organizations. Particularly, we’ll cowl the next:
By understanding and leveraging company philanthropy packages like matching items and volunteer grants, board members can considerably improve their nonprofit’s fundraising potential. As we dive into the specifics, you’ll uncover sensible methods and actionable insights to assist board members unlock new funding alternatives.
Learn on to learn the way you and your fellow board members can profit from these highly effective giving packages and past!
What’s board member fundraising?
Board member fundraising refers back to the function nonprofit board members play in producing monetary assist for his or her group. As key leaders and ambassadors, board members are sometimes anticipated to contribute personally and encourage others to provide by their networks.
This may embody direct donations, securing main items, organizing fundraising occasions, leveraging company giving packages like matching items and volunteer grants, and fostering relationships with potential donors.
All in all, efficient board member fundraising strengthens the nonprofit’s monetary sustainability and demonstrates a dedication to the group’s mission.
5 board member fundraising methods to contemplate
Whereas board member fundraising can appear daunting, there are a number of efficient and accessible methods for organizations to rally their board members to get entangled. Under are 5 key fundraising methods that may assist board members maximize their influence and strengthen their nonprofit’s monetary sustainability.
1) Manage fundraising occasions.
Internet hosting fundraising occasions is a strong means for board members to interact their networks and generate income for the nonprofit. Whether or not it’s a proper gala, networking reception, or intimate donor gathering, these occasions present alternatives to domesticate relationships and safe donations.
Board members can take the lead by organizing, sponsoring, or inviting key stakeholders to those occasions. By leveraging their connections and experience, they will create significant experiences that encourage giving and strengthen donor relationships.
2) Encourage giving by instance.
Board members set the tone for donor engagement, and probably the most efficient methods to encourage giving is by main with private contributions. When board members donate at a significant stage, it alerts confidence within the group’s mission and motivates others to contribute.
Organizations ought to set up a tradition the place board giving is an expectation and have a good time members who go above and past of their monetary assist.
3) Implement peer-to-peer fundraising.
Peer-to-peer fundraising permits board members to leverage their networks for larger influence. By creating private fundraising pages and reaching out to buddies, colleagues, and household, board members can rally extra supporters across the trigger.
Whether or not tied to a selected marketing campaign, occasion, or milestone, peer-to-peer efforts assist broaden a company’s donor base and herald new funding. Offering board members with the precise instruments and messaging to take action ensures their outreach is each efficient and seamless.
4) Thank and steward board members.
Recognizing and appreciating board members for his or her fundraising efforts is important to sustaining engagement and motivation. Organizations ought to implement constant stewardship practices, corresponding to customized thank-you messages, public recognition, and unique influence updates.
Celebrating board contributions not solely strengthens their dedication but additionally reinforces the significance of their function within the nonprofit’s success.
5) Discover company giving alternatives.
Many board members have entry to company giving packages by their employers, together with matching items, volunteer grants, and different alternatives. To make sure you’re benefiting from their assist, nonprofit groups ought to educate board members on these packages—and encourage them to make the most of obtainable funding.
Whether or not by submitting their very own donations for a match or securing grants for volunteer hours, board members can unlock vital monetary assist by their employers with minimal further effort.
Board member fundraising & matching items
Matching items are probably the most efficient methods to amplify board member fundraising efforts. In any case, many corporations have established company matching present packages, the place they match donations made by their staff to eligible nonprofits. Some even supply devoted packages to match board members’ donations at a fair increased charge or allowance!
Consequently, board members can make the most of these packages to considerably enhance the influence of their private contributions—and encourage others to do the identical.
Take a look at these examples of corporations with matching present packages particularly for workers serving on nonprofit boards:
US Bancorp
US Bancorp is the father or mother firm of the U.S. Financial institution Nationwide Affiliation (primarily based in Minneapolis, Minnesota), ranked the fifth largest financial institution within the U.S. primarily based on belongings ($670 billion), and the fifth largest primarily based on complete branches. The corporate at the moment employs over 70,000 folks.
US Financial institution Matching Present Coverage
US Financial institution affords a 1:1 matching ratio of items as much as $1,000 by all staff. When a board member makes a donation, this restrict is raised to $3,000. US Financial institution matches donations made by full-time and part-time staff to most nonprofit organizations.
Be taught extra about US Financial institution’s matching present program.
WestRock
WestRock is an American packaging firm primarily based in Richmond, Virginia. It has roughly 56,000 staff.
WestRock Matching Present Coverage
WestRock matches all worker donations as much as $2,000 to training establishments (Ok-12 included) and different nonprofit causes. It additionally matches donations from staff who serve on the board of administrators (or different governing physique) of the group to which the contribution is being made.
Be taught extra about WestRock’s matching present program.
Dominion Sources, Inc.
Dominion Sources, Inc. (aka Dominion) is an influence and vitality firm headquartered in Richmond, Virginia, which provides electrical energy and pure fuel throughout the nation. Right this moment, the corporate employs an estimated 18,000 folks.
Dominion Matching Present Coverage
When Dominion staff or retirees serve on the board of administrators for a nonprofit group, Dominion will make a 2:1 match as much as $5,000.
Be taught extra about Dominion’s matching present program.
Schneider Electrical & Subsidiaries
Schneider Electrical is a France-based multinational company with almost 10 U.S. enterprise acquisitions. The corporate makes a speciality of electrical energy distribution and automation administration, and it at the moment employs greater than 168,000 people.
Schneider Electrical Matching Present Coverage
Schneider Electrical, Sq. D NOAD & its subsidiaries present a 1:1 match on all donations as much as $10,000. If an worker can be an energetic member of a nonprofit group’s board of administrators, the match ratio is elevated to 1.5:1.
Be taught extra about Schneider Electrical’s matching present program.
Board member fundraising & volunteer grants
Moreover, volunteer grants are one other usually ignored however highly effective means for board members to assist their nonprofit financially.
Many corporations supply company volunteer grant packages, which give financial donations to nonprofits primarily based on the volunteer hours their staff contribute. As extremely engaged volunteers, board members could also be eligible to safe these grants, turning their service into direct funding on your trigger.
Take a look at these examples of corporations with volunteer grant packages that nonprofit board members can leverage:
Takeda Prescribed drugs Inc.
Takeda is the biggest pharmaceutical firm in Japan and Asia, boasting 49,000 staff worldwide. It’s centered on metabolic issues, gastroenterology, neurology, and irritation.
Takeda Volunteer Grant Program
When an worker of Takeda Prescribed drugs serves on the board of administrators for eligible nonprofit organizations, stated worker can request a $2,500 volunteer grant for the group.
Be taught extra about Takeda’s volunteer grant program.
Novartis Worldwide AG
Novartis is a Swiss multinational pharmaceutical firm primarily based in Basel, Switzerland. At the moment, it’s ranked quantity eight in gross sales within the worldwide pharmaceutical business ($201 billion) and employs almost 120,000 folks.
Novartis Volunteer Grant Program
Novartis affords three varieties of volunteer grants:
- Particular person Volunteer Grants: staff who volunteer a minimum of 40 hours with an eligible nonprofit group can request a $250 volunteer grant.
- Board Service Grants: staff who serve on the board of administrators of an eligible group can request a $750 volunteer grant after one 12 months of board service. These grants are renewable yearly for as much as three years.
- Crew Volunteer Grants: when 5 or extra staff volunteer as a group on a particular undertaking for an eligible nonprofit, Novartis will donate $500 to the group. (That is unique of Neighborhood Partnership Day.)
Be taught extra about Novartis’ volunteer grant program.
PNM Sources
PNM Sources, headquartered in Albuquerque, New Mexico, serves electrical energy to tons of of 1000’s of houses and companies throughout the southwest. Right this moment, PNM is estimated to make use of about 2,000 folks.
PNM’s Volunteer Grant Program
PNM gives 3 totally different ranges of financial grants for volunteer service supplied by an worker:
- For each 12 volunteer hours donated, PNM will present a $100 donation to an eligible nonprofit group.
- For each 25 volunteer hours, PNM will present a $300 donation.
- If an worker volunteers a minimum of 25 hours AND serves on the nonprofit’s board of administrators, PNM will present a $500 donation.
Be taught extra about PNM’s volunteer grant program.
Blue Protect of California
With over 7,500 staff, Blue Protect of California is predicated in San Francisco, California. It’s a nonprofit well being plan supplier that serves greater than 3.4 million well being plan members and virtually 65,000 physicians throughout California.
BSOC Volunteer Grant Program
Blue Protect of California affords a number of volunteer grant-giving packages.
Healthcare Organizations:
When a BSOC worker volunteers at a healthcare group and makes a donation of as much as $3,000, BSOC will match the donation at a 2:1 ratio! When a BSOC worker serves on the nonprofit’s group governing board and makes a financial donation of as much as $5,000, BSOC will even match the donation at a 2:1 ratio, totaling $15,000!
Civic and Neighborhood Organizations:
BSOC worker volunteers at civic and group organizations can have donations of $1,500 matched at a 1:1 ratio. BSOC worker volunteers who’re on the governing physique of those organizations can have donations of as much as $2,500 matched at a 1:1 ratio.
Be taught extra about BSOC’s volunteer grant program.
Wrapping up & extra assets
By tapping into company matching present packages and volunteer grants, board members can considerably increase their nonprofit’s fundraising efforts with minimal further effort. Whether or not by submitting their very own donations for a company match or securing grants for his or her volunteer service, these initiatives can unlock substantial funding.
As key ambassadors of the group, board members have a novel alternative to set the tone for donor engagement and company partnerships. When totally utilized, these packages not solely strengthen monetary assets but additionally deepen the tradition of giving inside the nonprofit group. Speak about a win-win!
Excited by studying extra about good fundraising and office giving methods? Take a look at these extra assets:
- Grow to be an Knowledgeable: Entry The Final Information to Matching Presents. Maximize the influence of each donation by leveraging matching present packages. This complete information covers every little thing nonprofits have to find out about company matching items, from figuring out alternatives to partaking donors and rising income.
- Gasoline Fundraising: Entry The Information to Company Volunteer Grants. Do you know that many corporations present grants primarily based on their staff’ volunteer hours? This information explores how nonprofits can faucet into company volunteer grant packages, empowering board members and supporters to show their time into funding.
- Prime Office Giving Corporations: Main Employers to Know. Among the greatest corporations supply beneficiant office giving packages, from matching items to volunteer grants and extra. This useful resource highlights high employers with sturdy company philanthropy initiatives, serving to nonprofits join with corporations that align with their missions.
