MASTERCLASS SERIES 2024
Income Diversification Roadmap: Get your strategy set for success in FY25

Income diversification. It’s on many strategic plans, a topic at many board meetings and the number one area that we see having a major impact on organisational and leadership wellbeing. It’s also the number one service request we receive at Benefolk Concierge.

What’s the best approach, what are other organisations doing and what options are there to strengthen your revenue streams, and your impact, going into a new financial year? With only 10% of grant submissions successful, how can we spend our precious time more effectively?

Our Income Diversification Masterclass Series is a roadmap to help you find those answers, and to help you identify and plan the best approach for your organisation for FY25.

Each 75-minute session features experts from the Benefolk Network of specialist consultants, accountants, strategists, marketers and fundraisers, who will help you assess, plan, set realistic goals and establish the roadmap to implementation. They are in the trenches everyday with clients on this very topic and ready to pass on their pearls of wisdom.

SERIES OVERVIEW

Session 1 - Thursday 20 June 2024
“Sustainability - It starts with strategy”
Many organisations have income diversification as a strategic priority, but often jump to setting up a fundraising plan, without having the strategy clearly articulated at a Board level. In this session, you’ll hear from our governance and strategic planning specialists who will share practical guidance around the strategic process required to support income and revenue diversification.

Session 2 - Thursday 27 June 2024
“Feasibility - what makes sense for us?”
You’re ready to test some new ideas, but what’s a lean way to test the viability of your ideas? In this session, we hear from three specialists across business planning, finance and fundraising around the tools and strategies they use to help with feasibility testing, prototyping and iterating. What questions should you ask yourself, your stakeholders and donors? What blindspots do you need to consider? What are lean ways to test, learn and iterate before spending too much time in one area? What is the mindset of our organisation? How can we better use a case for support?

Session 3 - Thursday 4 July 2024
“Fundraising options - what else could we add to the mix?"
You have a fundraising strategy in place and are looking to develop another fundraising stream. Hear from our bequests, major gifts and corporate partnerships specialists about the reasons you would, or wouldn’t, go down one of these avenues. You’ll also learn about what needs to be in place before adding one of these new fundraising streams.

Session 4 - Thursday 11 July 2024
“Enterprise and trading - is it the right fit for you?”
Set up a social enterprise or trading activity, they say. It will be easy and help provide income to support your mission. Many good intentioned organisations have been down that path, only to find that there is much more to establishing, enhancing or expanding paid services as a way to achieve your impact and raise income. We bring together our business planning, enterprise development and marketing specialists to this session to look at the resourcing, skill set, capabilities, investment required to succeed, and how to amplify impact with trading activities aligned to your mission.

Session 5 - Thursday 18 July 2024
“Government funding - getting on the front foot”
Some organisations are fully reliant on government funding and others are starting out on this journey, either applying for government grants and tenders for the first time, or building a strategy aligned to government policy and direction. In this session, you’ll hear from our specialists who are helping organisations excel across all of these areas. We’ll also take a look at what’s coming down the line in FY24/25 in terms of change of governments, budget cycles and help you get on the front foot for these changes.

CHOOSE THE SUPPORT BEST FOR YOU
1.Register for individual sessions, or
2. Register for a Series Pass (Save $50), or
3. Register for Series Pass + 60 minute consultation with specialist of your choice

All Series Passes will include a copy of the recording for each session, as well as handouts and materials.

NEEDING ASSISTANCE NOW IN YOUR ORGANISATION?
Can’t wait for the sessions, and need planning help now? Book into a Strategy Clinic where we will take a deep dive on your current situation, and provide some initial guidance and solutions available to your organisation, and help you get set up the right specialist service. Read more / register here.

GRANTMAKERS – GIFT A MASTERCLASS VOUCHER TO YOUR GRANTEES
Many grantmakers, donors and funders are looking to help organisations across income diversification.
Benefolk Masterclass vouchers are available as a bulk order, and can be arranged through our Operations Manager Sally Alden at sally@benefolk.org

WELCOME TO BENEFOLK COMMUNITY
Benefolk (formerly The Xfactor Collective) is a community for social changemakers to achieve their impact without burning out. Benefolk has a pre-vetted national network of consultants and professional services, helps connect organisation leaders with services, and provides free resources through its sister charity, Benefolk Foundation. We're also a Certified Social Enterprise and B Corp! More here: www.benefolk.org