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Published byTracy Mills Modified over 8 years ago
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CORPORATE PARTNERSHIPS
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Do you currently have corporate support? Introductions
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What is a sponsorship? Sponsorship
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Sponsorship for YOU (the nonprofit) Opportunity to develop relationships in the community Opportunity to pay for your event Opportunity to build support Sponsorship for Corporate Partners Marketing / direct customer contact A fee for benefits Advertising
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Sponsorship: fee in exchange for benefits (cash or in-kind) and are not tax deductible Philanthropy: giving with no benefit (during appeal or campaign) Definitions
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Activation: promotion of the sponsor, ways to engage sponsor and consumer In-Kind: covering the cost of service instead of exchange of cash Definitions
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A marriage Commitment Partnership Time Energy Effort Relationships
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Why people give People give to people Because of the relationship Brand alignment Social benefits Special treatment benefits Relationships
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Sponsorship Proposal What should your proposal contain? Take a moment and make a list
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Letter of Introduction Ask for sponsorship Introduce the event Introduce the organization Identify how to follow up Include contact information About the Organization Mission statement Who you are, what you do, and who you serve Demographic of service Important numbers, milestones Sponsorship Proposal What should your sponsorship proposal contain?
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About the Event Who, what, when, where, why, how Include audience demographics Sponsorship Levels Include benefits and amounts Confirmation Form Sponsorship level identification Sponsor contact information Payment information Sponsorship Proposal What should your sponsorship proposal contain?
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Sponsorship Proposal Is it? Clear Concise Clever Confident
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Timing Be considerate of their time Don’t always ask for money Give your sponsors time Smaller sponsors should be 90-120 days out Larger sponsors need to be in annual budgets, solicit one year out Standard fiscal years March 31, June 30, September 30, December 31 When should you solicit?
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Timing Umbrella sponsorships, multiple engagements, events, program Ask them which specific pieces they want to put together Multi-year commitment
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Build on the relationship Send the proposal Follow up with a call AND email Set a meeting The Ask
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Set a goal for the meeting ASK / open ended questions Get a contract/MOU/email confirmation The Ask
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Getting them confirmed Meeting, email, phone Being a good partner You are an equal partner in the conversation Details are important The contract Invoicing / follow up
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The Sponsorship Commitment Following up on the promised commitments Speaking pitfalls at an event – don’t let sponsors go on and on The risk of giving away sponsorships Don’t make sponsors do the work Guest appreciation at an event
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Thank You Evaluation for sponsors What did they receive Fulfillment package Wrap up meeting (thank you and valuation) Don’t include an ask for next sponsorship
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Retaining Sponsors Recognition Thank you A hand written note Social media Wrap up packet Thank you meeting Calendar – build on the relationship Set strategy for next year
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Remember, it is all about relationships, not lists
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THANK YOU! Dwight Adkins Dwight@SwaimStrategies.com
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