Business Cases: Questions and Response (1)
Chapter 7: Social Venture Partners
- What are the advantages for a donor of participating in a venture philanthropy organization versus traditional philanthropy?
When the care for human value is being talked about, it is always good to work along with others. Relatively, the point of giving assistance to others is often noted as somewhat distinctively dedicated to making sure that human value is recognized accordingly not only for the sake of one but a group of individuals living in a community. In this case, it is assumed that the works to be completed are too numerous to count. With such understanding carried into consideration, working with an organization that takes into concern the work of different individuals and institutions all together to support the need of a greater number of communities creates a more effective sense of public assistance that the said groups could provide.
- What type of recipient organizations are best suited to SVP type funding? If all philanthropy were to move to this model, would any nonprofits be hurt?
Organizations committed to supporting healthcare and educational operations in the community are best able to suit for the SVP type of funding. Considering that their target population is huge, organizations dedicated to providing both healthcare and educational support to the members of particular communities ought to be able to get relative funding resource for their projects. This will make it easier for them to reach their goals and become more effective in serving the needs of the people they hope to reach out to. In relation to this case, some smaller nonprofit organizations might suffer, especially if the philanthropy organization is able to get the attention of major donors in the society. Of course, donors would trust a larger organization to make sure that the funds they offer would reach the right people at the right time. Nevertheless, nonprofit organizations that are smaller in scale could consider setting up an alliance with larger organizations to make sure that they get a percentage of the donations that these larger groups get from the donors.
- Is there a downside to recipient organization taking a grant from a venture philanthropy fund such as SVP?
The only downside to the process of getting a grant from a venture philanthropy fund is the need to be fully transparent. With more donors pouring in their support for the cause of the organization, the demand of accounts transparency is heightened. While this is already a common culture, the tension brought about by this requirement is often demanded for when it comes to gaining the support from numerous providers and/or donors, especially including the large business entities who consider such operation as means of their investment in relation to establishing a good reputation and rapport with the society.
Business Cases: Questions and Response (2)
Chapter 8: Healthy Lives
- Who are these organization’s target donors?
The organization targets the poor members of the community. Teaching them how to live sustainably and in a healthy manner is seen to provide a great source of economic competence for these individuals. Living healthy specifically calls for a particular adjustment in one’s lifestyle including the way he manages his diet and the way he schedules his activities. Most often than not, once people are given the option to live healthier lives through maximizing what they can get from the resources they may have gives them a better vision on how to handle money more effectively and support their most basic needs such as food, shelter and clothing. Allowing them to suffice their personal needs through healthier living is expected to give them better options in determining a better future for them and their families as well.
- Outline a strategy to win or win back these donors
There are currently 95% of the primary donors of the organization that are considered ‘idle’ because they have not been contacted nor have they been given the chance to continue their support in the organization. Hence winning them back would involve particular steps such as the following:
- Send out a message of gratitude to the donors through mail. Email messages could also seem plausible, but it would be more appreciative in form if it would be handed through actual mail.
The content of the message shall include a message of gratitude, a report on the progress of the organization and a request for continuous support from the donor
- Reestablishing connection, loyalty and trust is essential and this could be established through making sure that the donors get constant update on the status of the organization and the record on the financial spending where their donations are being allocated to.
- Outline a strategy to keep these donors
- Regular Update of Organizational Progress
- This process will allow the donors see that their money is actually being used for a greater cause. Not only will this retain their interest in supporting the organization, it will also allow them to become more concerned on how they can further improve the way they support the group’s cause.
- Providing transparent accountability for donations and expenses
- Increasing loyalty through financial transparency is always a good source of trust among donors. Seeing clearly how their money is spent gives them a sense of compensation for the funds and financial resources they provide the organization with.
- Outline how the current and future core can be lifted to higher donation levels
Creating programs that are fit to define the overall goal of the organization would best get the interest of the donors and invite them to increase the amount of financial support they give. Notably, this option is considered necessary especially when it comes to determining the path of the organization and how well it is suited with the name and reputation that the donors want to present to the public. Making sure that the projects are aligned with the needs of the community and the relative connection of the donors to the organization is a perfect operational bridge that brings in the possibility of gaining more support from the donors.
