Love & Money?
How to make it work
John Andersson, Wikimedia Sverige, john.andersson@wikimedia.se
Nikki Zeuner, Wikimedia Germany, nicola.zeuner@wikimedia.de
Partnerships are advantageous for acquiring funding
Show the funder that applicant(s) are able to collaborate.
Leverage resources from multiple organizations and align mutually supporting activities.
Spread impact to more target groups.
Less competition.
Question
What are the advantages that you have found when fundraising?
Give concrete examples.
Acquiring funding is advantageous for partnerships
Provides resources for joint goals.
Forces a partnership to ‘get real’, formalization, involvement of leaders.
Provides a structure for joint accountability.
Carrot: buy the buy-in.
Risk minimization (money to experiment with).
Question
What are the advantages of money that you have found when partnering?
But…...make sure to avoid some of these common pitfalls:
But…...more pitfalls:
But…...make sure to avoid some of these common pitfalls:
Question
What is the biggest problem you have experienced?
Stuff to take home for everyone (fill out sheet)
To be shared on Meta!!!!
From your experience, what are some dos and don’ts that you would like to share?
Don’ts:
Dos:
Dos
Group 1
Clear and realistic goals and expectations.
Have a clear plan on what to spend money on.
Group 2
Promotion
Transparency
Status development
Media coverage
Clear expectations
Dos
Group 3
Be clear about what the funding/money is paying for.
Group 4
Always be clear about the goals of the project.
Make sure you are able to reach your targets.
Always honor your objectives.
Group 5
Set clear and realistic goals.
Dos
Group 6
Take enough time.
Contract - with clear division of roles.
Think about the future.
Meet in person regularly.
Listen! Shared vision.
Choose partner carefully.
Clear about what paid for.
Media policy.
Focused - learn and review points - what can change and what can't change.
Dont’s
Group 1
If there is money involved take good care not to have bad partners, or negative partners.
Don't let the partner take control but share the responsibilities.
Group 2
Deviating from agreed objective (Shiny Object Syndrome).
Not finishing the project.
Healthy dose of scepticism.
Don'ts
Group 3
Don't hire a contractor before receiving money from your partners, if you share the hiring costs.
Group 4
Don't rush into any agreement you don't understand.
Group 5
-
Don'ts
Group 6
Don't rush because you're friends -rather say next time.
Don't deviate from objectives.