The GiveBack Strategy is just that . . . a philanthropically-driven business strategy designed to help entrepreneurs maximize their Give Back efforts.
For 1/10 of the annual cost, business owners can 3x their social impact without starting a traditional brick and mortar nonprofit, which is essentially starting a completely new business . . . with employees, overhead, taxes and all the things that come with running a business. Because a nonprofit is a business. It’s just a business with a philanthropic purpose!
If delivering programs and services is what you want to do CLICK HERE for resources on how to start, run and fund a successful public charity.
Setting Up a GiveBack Strategy
What is included in the GiveBack Strategy?
- Establish Company Guidelines: Guidelines reflect a company’s values, ensures continuity of management and delineate parameters that serve as guidelines for action or decisions. Language is designed to streamline the application process: to reflect your organization’s culture; to ensure that applicants have a clear understanding of the company’s funding goals and the standardized process that ensures an objective and equitable submission.
- Develop FAQs: Provide answers to the Frequently Asked Questions about the company, the grant, the process.
- Develop Eligibility Criteria: Assistance with determining the company’s area of focus, target audience, geographic service area, mission-alignment, etc.
- Verify Applicant Tax Exempt Status: Confirm applicants’ 501(c)(3) tax exempt status is active and has not been revoked by the IRS, Secretary of State or Attorney General’s office.
- Create Application: Develop a series of questions that will help the company determine if an organization is qualified to deliver a project/program if a grant is awarded. *Questions will be assigned points to assist reviewers with ranking applicants.
- Reviewer Portal: Develop the process staff will use to review the applications, select the grantees, and notify applicants of their status. This includes developing the backend portal to house the scoring criteria, ranking, and recommendation process reviewers will use to select applicants for funding.
- Establish Donor Advised Fund: Set up online Donor Advised Fund. Receive in-depth analysis and support in developing a customized giving strategy from a certified wealth manager with access to investment management and holistic financial planning, as well as accounting and tax services, retirement planning and estate planning advising to drive the company’s giving strategy.
- Online Grant Management System: Develop the online portal to manage all aspects of the grant management process: from outward facing information to internal management, including a customized Giving page on the company’s website describing the company’s giving focus, eligibility criteria, and application process—To the online Donor Advised Fund distribution and reporting.
- An In-Depth Review of Your Company’s Giving Options: Recommendations for strengthening the company’s purpose-driven brand by increasing its visibility, access to new customers, and sales through multiple giving strategies that complements the charitable trust giving.
Interested in learning how to set up a GiveBack Strategy? Book an appointment today!