Most businesses that are looking for funding know the power of a case for support, although they probably call it their “pitch” or “deck.” But most nonprofit organizations don’t have an articulated case for support, and this is a real missed opportunity. A case for support is absolutely critical to any kind of fundraising campaign, in the nonprofit or for-profit world, and whether the money sought is investment capital or operating revenue.
A case for support lays out a clear, articulate, compelling argument for why someone should invest in the solution you are providing the marketplace. Nonprofit organizations do tend to put together a case for support when they embark on a capital campaign to raise significant money for a new building. But a case for support should be the fundamental building block to ANY fundraising campaign. Without a case for support, nonprofits are just holding out a tin cup.
I’m not suggesting that a nonprofit create a case for support and then trot it out whenever they meet with, mail or talk to a potential donor. Rather a solid case for support is a starting point from which the nonprofit can pull arguments and language for use in every aspect of their fundraising operations: website, appeals, thank you notes, presentations, major donor calls, foundation proposals, etc.
The very exercise of a nonprofit board and staff creating a case statement can be, in itself, transformative. It makes the organization as a whole articulate why someone should invest in them and what the payoff is. This articulation can energize and focus the organization and make their fundraising efforts that much more effective.
A case for support has some key elements:
- The Need (Market Opportunity)
What social problem exists in your community, region, state, country, world that needs to be addressed? Why is this problem significant, why should people care?
- The Solution
What is your solution to the social problem? Why is this the right solution?
- Competitors and Competitive Advantage
Why is yours a superior solution to other alternatives out there? Something that is often missing in nonprofit articulations of their case is how their solution fits into the competitive landscape.
- Value Proposition
Why is your organization uniquely positioned to deliver on this solution? What is the value proposition you offer and how do your core competencies feed this solution?
- Resources Required
How much money, what type, and over what timeline do you require for this particular project (start-up, growth, increased capacity, general operating, etc.)? This section will vary based on the fundraising campaign.
- Projected Social Return on Investment
What does the potential investor get by investing in your organization (change to a social problem, increased breadth or depth of service delivery, etc.)? If you can demonstrate a social return on investment, that’s great. If you can demonstrate an increase in program and operational efficiency (in the case of a capacity building fundraising campaign) then do.
A full case for support is not something you would normally share with potential donors. However, the process of articulating your case for support and then using elements of it in all of your fundraising work can dramatically increase your ability to effectively communicate with and secure investments from donors.
4 Comments to The Power of a Case
Leave a comment
- Download a free Financing
Not Fundraising e-book
when you sign up for email
updates from Social Velocity.
Sign Up Here