Valuing the Intangible
Most grants are to some degree an exchange of something tangible (the grant money) for something intangible (the positive feeling the donor has from being able to do some good). When asking corporate funders for sponsorship, you’ll construct a package of both tangible and intangible benefits.
The tangible benefits you can offer may include access to your mailing list or a complementary advertisement in your program or on your web site. These are things that you normally sell, and so it’s easy to know what the value is for each. Intangible benefits, however, may be your most valuable assets. For example, the prestige of your nonprofit in the community provides an intangible benefit by association for your corporate sponsor.
You can read more about intangible benefits on my web site @ grantadviser.com. You’ll find a quick guide to writing corporate sponsorship proposals in my book, The Complete Idiot’s Guide to Grant Writing.
Permalink Comments off