09-16-2021 08:25 PM - edited 01-09-2023 02:05 PM
We know every company’s product and offerings are different, so ultimately this will depend on your line of business. For example, if you provide a service, your professional skilled time can be considered your “product” (ex. agency consulting hours).
There are are a few primary ways to donate your product to a nonprofit organization.
1a. Straight Donation or Pro Bono Work
1b. A Discounted Product or Service
2. A New Product Designed for Nonprofit(s)
Let’s start with the first two. A straight donation or pro bono work involves giving your product or service away at no cost. A discounted product provides nonprofits with your goods or services at a lower price.
Many members combine these two offerings. For example, if you work at a law firm, you could provide the first 10 hours of service for free, then charge a discounted rate for additional hours.
Another option is to create a new product designed to help nonprofit(s). It’s worth noting that some companies are able to make an entire vertical of nonprofit sales using the donation method—as long as it’s a good deal for nonprofits, it’s okay for your company to directly benefit from those discounted product sales! For example, Salesforce’s Nonprofit Starter Pack is a separate version of their software specifically designed for and sold to nonprofits.
Finally, you could build an educational piece of content (ex. webinar, ebook) to help educate nonprofits on industry-specific knowledge. You could use professional hours to build these resources as part of a time pledge. One member even threw an internal hackathon competition to see which team could build the most helpful asset for a nonprofit. Just be sure to collaborate with a nonprofit before building anything new. You want to ensure that what you’re building is actually helpful! It would also be wise to reserve a number of employee hours to help with training and implementation so that your nonprofit can use your donation.
The most important part of product donation is to talk with your nonprofit partner and build a program based on their needs, not just what you think might be helpful.
Here are some other tips we’ve learned from our members’ experiences:
Note: Some features and content are only available to Pledge 1% members. Take the pledge today!
Does your company donate any product? Have any tips for a new member looking to start donating products? Chime in on the comments below!