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Leveraging Corporate Partnerships
to Provide Revenue and Member Value for Association Foundations Bruce Rosenthal Strategic Advisor, Consultant, and Educator – Bruce Rosenthal Associates, LLC May 15, 2019 Copyright 2019 Bruce Rosenthal Associates, LLC
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Who I Am? Experience helping associations increase revenue and member value with corporate partnership programs. Long-time association executive Advisor/consultant Educator/trainer Convener, Partnership Professionals Network
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What We’re Talking About Today
Beyond the logo! Trends Achieving alignment – internally and externally 4 key components Next steps Q&A / discussion Thanks to our Corporate Partners
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Current Trends Kate to present this slide.
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Most Associations Face Three Challenges
Need for revenue – especially discretionary revenue Need for enhanced member services – to ensure recruitment and retention Demands from corporate partners – ROI and thought leadership The best solution is an improved Corporate Partnership Program that increases revenue and member value.
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The Great Big ROI Disconnect Associations are Selling
Companies are Buying Most Associations are Selling Behavior/ Engagement Attitude Awareness Visibility
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It’s a New Day in Corporate Fundraising
Article in the Harvard Business Review “What the Best Nonprofits Know About Strategy,” by Kevin Barenblat, Harvard Business Review, August 9, 2018 “The most successful nonprofits think about fundraising like sales: They’re as thoughtful about the benefits to the funder as about those to the beneficiaries they serve, often creating mission-aligned products or experiences tailored to a specific type of funder.”
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Three Important Rules Rule #1 Rule #2 Rule #3
Association’s mission comes first Rule #2 Needs of members are a close second Rule #3 Don’t forget Rule #1 and Rule #2
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Achieving Alignment
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It’s all about Business Decisions
Associations are making business decisions Association foundations are making business decisions Members are making business decisions Corporate partners are making business decisions
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The Objective is ROI It’s not philanthropy.
There’s plenty of competition for your association’s/ foundation’s corporate program. Companies have choices.
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Make Your Foundation a Value-Add
Five ways = T.E.A.M.S Think tank Expertise Audience Member demographics Status
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Foundation vs. Association?
Don’t compete with each other Don’t confuse corporate partners Identify unique foundation benefits
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Package Benefits as ROI Solutions
Key areas of interest to corporate partners: Business development Brand differentiation Thought leadership
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Finding the win-win-win-win
What members need plus what each company can offer equals the win-win-win-win.
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Four Components of a Strong Corporate Partnership Program
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Components of a Strong Program
Four ways = C.A.B.S Culture change Allocation of resources Business plan Strategy
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Culture Change Collaboration; values; inspiration Roles for CEO/ED
Roles for board Roles for staff Celebrate success
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Allocation of Resources
Staff – dedicated Staff – other Expense budget
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Business Plan Tactics Methods Road map Measurement
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Strategy Objectives Leadership SWOT Goals
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Next Steps
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To Create a Corporate Partner Program
Assess your program Be entrepreneurial Incremental change Scale based on your organization’s capacity Foundation “vs” association Have a plan – 4 components Proceed until apprehended
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Contact Information Bruce Rosenthal Principal, Bruce Rosenthal Associates, LLC Networking and education Idea Exchanges and Workshops Meeting announcements and notes
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Conversation? Questions?
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