Private sector donations only contribute towards a small proportion of most charity's incomes (3% in 2003/04, including gifts in kind and volunteering, in comparison with 35% from individuals and 38% from statutory sources); however, thinking creatively and exploring the options can lead to successful business and voluntary sector organisations relationships.
The Sustainable Funding Project at the National Council for Voluntary Organisations advises you to think about three kinds of benefits you can bring to a relationship with businesses:
If collaborative working is not appropriate for your organisation or boosting the bottom line remains top of your list of priorities, there are various ways of approaching businesses for money.
As with conventional fundraising, long term success almost always depends on detailed research and careful relationship-building and, although it is worth remembering that businesses prefer to donate to larger charities, the following methods can secure financial backing:
Additionally, businesses may be able to provide services which can reduce the costs which your organisation faces: