“fundraising in the new context” webinar - accelerator ... · • just 54% had given to charity...
TRANSCRIPT
“Fundraising in the new context” Webinar
- Accelerator Programme 30/09/20
30th September 2020 (Accelerator Programme)
Lynn Kennedy, NICVA Fundraising Advice
“Fundraising in the Time of COVID-19”
Session Objectives
• Understanding the new operating environment
• The need to review (or develop) your funding strategy
• The good news….some positives
• Tips to manage fundraising in a crisis
• Overview of income streams & potential to diversify
• Analysing your current funding
• Inspiration
• Useful resources
We’re not all in the same boat…
...but we’re all in the same storm
NICVA Survey 09/20
• 73% of charities had stopped services/activities
• For 42.3%, up to 25% of their services were new & COVID-responsive
• 18.3% had lost 75% or more of their normal income & 26% had lost 25%- 50%.
• 50.4% lost 76%-100% of their volunteers due to COVID-19.
• 31% expected their income to fall by 51-75% in the next 6 months, while 4.3%
stated that Covid 19 may mean they have to close their doors.
• Within the next 12 months, over 60% expected to see a continued reduction in
their capacity to deliver services
https://www.nicva.org/article/voluntary-and-community-sector-in-northern-ireland-
significantly-impacted-by-covid-19
IoF NI & CO3 Survey 04/20• 76% reported ‘serious financial difficulties’
• For 38% cash flow was “unstable” or “very unstable”, with 27% having lost £100,000+ of income to date.
• 32% stated they were at risk at closing in the next 12 months.
• 39% had stopped some services, and a further 33% expected to do so imminently.
• 29% had under two months running costs in the bank.
• 74% of CEOs were worried about poor mental health of staff, 68% stating staff were highly anxious due to lack of job security and 54% highly anxious due to increased demand for services.
https://www.co3.bz/news/ni-charity-sector-faces-imminent-collapse-new-findings-show-representative-body-calls-executive
npfSynergy Survey 09/20 (General Public)
• Just 54% had given to charity in the last 3 months
• 28% gave less in the last 12 months than previous years
• Young people were most concerned about jobs and income
• Charity shop income, on street collections & event participation all down
significantly since January
• Direct Debits, website giving and membership have held up well, and
increased in some cases
• More concern from the public about the impact of Covid-19 on small
businesses and hospitality sector than charities, but more concern about
charities than airlines or banks!
The Need to Review Your Funding Strategy
• Your current strategy has been overrun by COVID-19
• Staffing & volunteer levels have changed significantly
• You need to diversify or raise more than currently projected
• Both your ways of working & how you deliver services
have changed
• You have new stories to tell & need a
new Case for Support
• You need a strategy for a shorter
time period to allow for increased agility
Lessons Learned from 2008 (and 2020)
In 2008 charities which fared best were those which invested in –
• Skills
• People
• Fundraising
In 2020 The Status of UK Fundraising 2020 Report showed that –
• Of the 40% of charities reporting an INCREASE in income, 61%
stated that hiring newly skilled staff was the main contributor
NB CAF & Forster “Bold thinking, brave action” (July 2020)
The Good News…some positives
• Some service/activity costs have decreased
• Creativity and innovation have greatly increased
• Increased local knowledge and support for your organisation
• Increased collaboration – new links with other organisations and statutory funders
• New services = potential new funding avenues
• New stories = new or stronger Case for Support
• New skills and learning – working from home, developing online resources to replace physical ones, learning to pivot and reprioritise
Tips to Manage Fundraising in a Crisis
Take time to understand
• Your cash flow and your deficit
• Your current resources – PEOPLE, ICT, FINANCE & COMMS
Review your planning processes
• Think month to month, ¼ to ¼, reallocating budget as needed
• Master “Scenario Planning” and make it an integral part of
your planning process
Tips to Manage Fundraising in a Crisis
Review how you manage fundraising
• Devolve decision making – use a pre-approval approach & avoid
an overly tight hierarchy: deploy and use skills effectively
• Keep the health and wellbeing of your fundraisers to the fore!
What Trustees need to remember…
• An income target is not the difference between what your organisation wants and what it has
• Corporate support, celebrities and events aren’t a quick fix!
Tips to Manage Fundraising in a Crisis
Take Action
• Strip out any activity that will not perform anymore
• Focus on your financial plan and internal and external comms.
• Update and use your Case for Support (and remember people
don’t care about your deficit, only the difference you make!)
• Keep lines of communication open – colleagues/Board/other
organisations/potential partners
It’s not all about the money = Skills Match
An online platform linking business
volunteers with a wide range of skill sets
with VCSE and public sector organisations
The Four Types of Income Streams
NCVO Income Spectrum – Helping you find the right income mix
GIFTS
(Donors)
GRANTS
(Funders)
OPEN MARKET
(Customers)
CONTRACTS
(Purchasers)
Fundraising Audit Tools
• SWOT Analysis
• PESTLE(E) Analysis
• Competitor Analysis
• Collaboration Analysis
• Market Analysis
• Internal Analysis
*PESTLE(E) Analysis
PoliticalPolitical Economic Social Technological
LegalEnvironmentalEthical
The Boston Matrix
Market Share
Ma
rke
t G
row
th
High Low
Hig
hLow
Stars
Cash Cows
Question Marks
Dogs
https://www.ncb.org.uk/sites/default/files/uploads/Images-NI/Boston%20Matrix%20Handout.pdf
1) Strategic approach to funding
2) Income diversity
3) Financial management
4) Communicating success
5) External positioning and marketing
6) Relationships
https://www.ncvo.org.uk/images/documents/practical_support/funding/susta
inable-funding/Sustainable%20Sun%20Tool.pdf
NCVO’s Sustainable Sun Tool
Inspiration• JustGiving Fundraising Tips• ActionAid Donate Your Commute• Captain Tom Moore (now Sir)• Action for Children’s ‘Be a
Secret Santa’• Alzheimer Research UK’s Live
Streamed Pub Quiz (Still going with new hosts)
• Boomerang US Success Stories• Sweet Farm’s Goat 2 Meeting• SOFII (The Showcase of Fundraising)
Innovation and Inspiration)
“Creativity is contagious, pass it on”(Albert Einstein)
Resources • Fundraising Regulator Coronavirus Guidance
• Fundraising Regulator IoF Fundraising Guidance during Coronavirus
• Charity Commission for NI: COVID-19 Guidance
• IoF & Think Consulting Solutions From Response to Recovery Strategy
• IoF Reframing the Ask: Trends which will shape giving and fundraising post-COVID-19
• IoF Charity Benchmarks Sector Report 2019
• CAF & Forster Communications “Bold thinking, brave action” (July 2020)
• Business in the Community’s Skills Match Programme
• Organisational and funding strategy post-Covid19:Podcast with Wayne Murray
• Cracking Charity Chat Podcast (Beth Crackles)
• Furloughed Fundraisers Chat
• NICVA COVID-19 Fundraising Hub
• GrantTracker - 860 funding schemes relevant to NI charities
• The Accelerator Programme with CFNI and NICVA
Fundraising Advice Service
Tel: 028 9087 7777
@nicva_FRAdvice
Fundraising Advice NICVA
www.nicva.org
www.grant-tracker.org