getting ready for institutional donors

Consulting for nonprofit business on how better communicate about organization’s work and impact

B.E.N | Blockchain Education Network

The Blockchain Education Network (BEN) is a 501(c)(3) non-profit charitable organization founded in 2014 to provide borderless education in blockchain technology, making it accessible to anyone and everyone while building a global transparent community.
BEN educates students about blockchain technology and inspires them to find their talent and own it! Either as a disrupter, entrepreneur, investor, and team member.

Consulting services had the purpose of guiding the organization's leadership on how to be compliant to receive donations from institutional donors, with 3 main topics:
- getting ready for institutional donors: Guide the nonprofit on what’s vital information a donor evaluates in their due diligence process.

- setting the foundation: financial analysis and diagnosis of weaknesses and any flaws, guiding on how to be compliant, better manage to budget, and create a strong foundation to receive grants/donations.

- creating an impact algorithm: evaluate if the organization has an impact algorithm, if the nonprofit already has one, the consultant will help better communicate its impact algorithm in order to become a more trusted organization. In case the nonprofit does not have an impact algorithm, the consultant will help create one with tangible impact metrics.

The 360 makeover consulting plan consists of 3 phases:
1) Diagnosis: the first step is to be clear about where we are today and where we want to go. For this, we will make a complete and detailed diagnosis of your history so far and the nonprofit's moment, assessing the information (financial, operational, strategic, and impact) available to donors and the due diligence perspective used to evaluate nonprofits.

2) Hands-on: based on the diagnosis made, we will draw up an action plan of which points can be improved in the company's operation to guide BEN on being compliant to receive donations from institutional donors.

3) Delivery: from the diagnosis made, the final delivery will be made of a report with the current information, guidelines, and suggestions for improvement.

After this, monthly accountability calls for the following 3 months after the 360 consultancy has been completed.

In four weeks after the 360 consultancy has been completed, the nonprofit received one single donation of U$100k via the website, from an institutional donor who still had no relationship with the organization

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Simplu: business strategy and services development