What does this mean for non-profits? It means that the demands for their services are increasing while giving to non-profits (income) is going down. In this dilemma, I see a golden opportunity for both the non-profits and for companies managing their ever-shrinking marketing dollars while seeing less donation dollars roll in.
If I were an Executive Director or President of a Non-Profit Board, I would begin to look for a company who would like to enhance their brand and approach them about developing a cookbook and donating the profit dollars to my non-profit. This process worked backwards for the Susan G. Komen Foundation because Calico Corners decided to create a cookbook and sell it in their stores and donate the profits to a non-profit funding breast cancer research. After they had raised their first $100,000, the Komen Foundation became the recipient of the funds.
Think about this idea—cookbooks are one item in our society that are selling better (up over 9%) than in the previous year. Companies are looking to get their brands identified and what better vehicle than one consumers are buying anyway and that can benefit a need in society. It allows a company to support the non-profit by using marketing dollars that result in creating revenue rather than just giving profits away off of the top.
Recently, Kroger developed a cookbook by conducting a recipe contest among employees and then sold the book back to their employees and used all of the profits to fund the employee assistance fund. Kroger is a smart company—they created a product that their own employees could have fun with, feel a part of, and yet rather than pocket the profits they gave it back to the employees own assistance fund.
What ideas do you have that create a win/win for companies and needy non-profits?
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