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Finding money in Europe
 FFI’s experiences over the past year

   Stuart Sherriff – Trust Manager

                                        Innovative conservation since 1903
Quick overview


Looking at:
• Why FFI looked to Europe
• What we’ve found over the past 12 months
• What I’d consider before embarking on
  something similar



                               Innovative conservation since 1903
Context

• FFI set up as world’s first international conservation
  charity in 1903 – global
• Projects in 46 countries across Africa, Americas, Asia,
  and Eurasia.
• Tend to operate where we can have biggest impact, i.e.
  where conservation is weak.
• 108 staff in Cambridge, 300 around the world
• Turnover £17.3m in 2011



                                           Innovative conservation since 1903
Why Europe?

How much do trusts give away?
• Hard to be sure, but looking at
  government figures…
• US $47billion
• Europe €83 billion?
• Other hubs?
   –   Singapore?
   –   Australia?
   –   Russia?
   –   Middle East?



                                    Innovative conservation since 1903
Maturity of
                           Philanthropy
Difference between established philanthropy
markets and emerging markets:
• Founders v Trustees
• Wealth
• Interest

Emerging markets require Major Donor style fundraising



                                           Innovative conservation since 1903
Country                       UK      Germany Switzerland Netherlands
Number of Foundations        8,800     18,162   20,000       8,000
Assets                         ?      €100 bn   €61 bn      €60 bn
Expenditure                 €2.4 bn    €22 bn   €1.7 bn     €215 m
Employees                              150,000  128,194        ?
English widely spoken?        Yes        Yes      Yes         Yes
Global - former colonies?     Yes        Yes      Yes         Yes
Significant giving?           Yes        Yes      Yes         Yes
Philanthropic perspective     Yes        Yes      Yes         Yes
Count of Yes                   4          4        4           4
Country                     France      Italy    Spain     Portugal
Number of Foundations        2,264      4,720   12,921        800
Assets                      €14 bn     €85 bn   €17 bn         ?
Expenditure                  €5 bn    €11.5 bn  €5.2 bn        ?
Employees                   59,126     106,000  95,942         ?
English widely spoken?        No         No       No           No
Global - former colonies?     Yes        Yes      Yes         Yes
Significant giving?           Yes        Yes      No           No
Philanthropic perspective     No         No       No           No
Count of Yes                   2          2        1           1
Country                     Turkey    Sweden    Finland     Ireland
Number of Foundations        3,000     15,558    2,800         25
Assets                      €34 bn     €49 bn   €12 bn      €790 m
Expenditure                 €3.2 bn       ?     €290 m       €70 m
Employees                   13,195        ?        ?          110
English widely spoken?        No         Yes      Yes         Yes
Global - former colonies?     No         No       No           No
Significant giving?           Yes        No       No           No
Philanthropic perspective     No         No       No           No
Count of Yes                   1          1        1           1

                                        Innovative conservation since 1903
Where in Europe?




          Innovative conservation since 1903
Trust Fundraising
                          at FFI
Since 1980 the database said we’d raised

       Region     Sum paid        %    Average
    Europe          2,111,985   10.19%    66,000
    UK             15,432,641   74.43%   482,270
    Rest of World      42,519    0.21%     1,329
    USA             3,147,991   15.18%    98,375
    Grand Total £20,735,138      100% £647,973




                                        Innovative conservation since 1903
Trust Fundraising
                            at FFI
• In the three years (2008-11) we’d raised

       Region       Sum paid        %    Average
    Europe              744,679   10.82%    248,226
    UK                5,310,445   77.14% 1,770,148
    Rest of World         8,666    0.13%      2,889
    USA                 820,725   11.92%    273,575
    Grand Total     £6,884,516     100% £2,294,839




                                           Innovative conservation since 1903
Activities over the
                       past year
• So far in 2012 we have brought in

       Region     Sum paid    %    Average
    Europe           £350,760 31%    £350,760
    UK               £621,040 55%    £621,040
    USA              £158,387 14%    £158,387
    Grand Total   £1,130,187 100% £1,130,187




                                     Innovative conservation since 1903
How did we get
                             there?
• August 2011 – decision to do Europe
    Prospect Researcher secured

• October 2011 – new prospects identified
    Data merged and purged, low hanging fruit identified

• November 2011 – First contact
    Data scrutinised and relevant approaches commenced

• November 2012 – Review and refocus


                                                 Innovative conservation since 1903
Prospect Research

• Results: 2,421 trusts around the world

        Row Labels           Count
        Africa                  234
        Americas                825
        Asia Pacific            550
        Eurasia                  89
        Europe                  711
        International            12
        Grand Total           2,421



                                      Innovative conservation since 1903
Prospect Research

Former FFI trust fundraiser
• Knew the organisation well
• Knew the CEO well
• Didn’t need the work
          (so was cheap!)




                               Innovative conservation since 1903
Prospect Research

• Not all trusts were relevant
• Not all trusts were new
• After a merge and purge we had:
        Region           Count of Trust
        Europe                       519
        Ret of the World           1,085
        UK                           532
        USA                           80
        Grand Total               2,216

                                           Innovative conservation since 1903
Country          Trusts   Country                       Trusts
Austria          7        Liechtenstein                                4
Belgium          18       Luxembourg                                   5
Bulgaria         1        Norway                                       7
Czech Republic   2        Poland                                       3
Denmark          14       Portugal                                     8
Ireland          1        Romania                                      9
Finland          5        Slovakia                                     1
France           46       Spain                                       34
Georgia          4        Sweden                                      32
Germany          91       Switzerland                                 89
Hungary          2        The Netherlands                             70
Ireland          6        Turkey                                      39
Italy            21       Grand Total                                519
                                        Innovative conservation since 1903
Network Mapping
• We looked at the 519 trusts identified in Europe and
  circulated the biggest
• We asked SMT, Regional Directors, Council, several
  major donors, trusts and individuals
(anyone who would listen)




                                           Innovative conservation since 1903
First approaches

• Concentrated on Germany in the first
  instance (Eurasian Director is based there)
• Had two (relevant) documents translated
  and we started emailing and posting.
  – Background doc to FFI
  – Overview of some of our work
  – Request to meet




                                   Innovative conservation since 1903
The next few months

• We contacted 160 trusts
• We met with 17 trusts




                            Innovative conservation since 1903
Income in 2012

Relationship   Country         Gift
Stewardship    Belgium                     250,000
Stewardship    France                      125,000
Stewardship    Germany                       32,380
Stewardship    Ireland                       47,000
Stewardship    Italy                         20,000
Stewardship    Netherlands                   25,000
Stewardship    Switzerland                   10,000
Stewardship    Switzerland                   10,000

                             Innovative conservation since 1903
Key message for FFI
• An introductory meeting with a trust is the first step in
  developing a relationship, which may take several years
  to develop.
• Our plan was always to look at soliciting gifts over a
  three to five year timescale.
• We have successfully managed to raise our profile with
  those whom had previously never heard of FFI.




                                            Innovative conservation since 1903
Tracking activities
                           on the database

Unsuitable       Not appropriate for FFI, archive details
Identification   Marked out as a potential future funder
Engagement       Contacted; the funder knows of FFI
Cultivation      Meeting is planned / has taken place
Solicitation     FFI is/has submitted a request for support
Stewardship      Grant received, future reporting/asks scheduled




                                              Innovative conservation since 1903
Results to date


         Stewardship
         Solicitation
         Cultivation
         Engagement
         Unsuitable Prospects
         Identification




         Innovative conservation since 1903
Projections
Foundation      2012       2013      2014               2015
Trust 1      250,000    250,000   250,000            250,000
Trust 2       40,000     32,000    24,000                  0
Trust 3       32,380     50,000    50,000            100,000
Trust 4       16,000     16,000    16,000             16,000
Trust 5       20,000     20,000    30,000             30,000
Trust 6       22,000     22,000    22,000             24,000
Trust 7       10,000          0         0                  0
Trust 8       10,000     10,000    20,000             30,000
Trust 9            0     50,000    50,000            100,000
Trust 10           0     50,000   100,000            200,000
Trust 11           0          0    50,000             50,000
Trust 12           0          0    25,000             25,000
Trust 13           0          0    50,000             50,000
Trust 14           0          0    25,000             75,000
Trust 15           0          0    38,000             50,000
TOTAL        400,380    500,000   750,000          1,000,000
                                    Innovative conservation since 1903
Networking

European Foundation Centre

Established in 1989, the European Foundation Centre is an
international membership association of foundations and
corporate funders. In 23 years our membership has grown
steadily from an initial group of 7 founding members to 231




                                            Innovative conservation since 1903
EFC Membership


Adessium Foundation               Oxfam GB
Alexander von Humboldt-Stiftung   Prins Bernhard Cultuurfonds
European Climate Foundation       Rabobank Foundation
Fondation Charles Léopold Mayer   Robert Bosch Stiftung
Fondation Mava                    The Prince Albert II of Monaco Foundation
Mama Cash Foundation              The Sigrid Rausing Trust
Oak Foundation                    VolkswagenStiftung




                                                        Innovative conservation since 1903
Innovative conservation since 1903
Innovative conservation since 1903
If I were to do
                      it all again?
I wouldn’t change a thing…
But I would make sure I had the following:
• Work going on in countries of interest
• Support from the highest levels
• Time to devote to this




                                 Innovative conservation since 1903
Work going on in
                                               countries of interest
If you’re looking to engage trusts in France:
 1 Democratic Republic of the Congo   Africa          67,827,000 16 Burundi                    Africa    8,519,005
 2 France                             Europe          65,447,000 17 Benin                      Africa    9,212,000
 3 Canada                             North America   34,207,000 18 Switzerland                Europe    7,782,520
 4 Madagascar                         Africa          21,146,551 19 Togo                       Africa    6,780,000
 5 Cameroon                           Africa          19,958,692 20 Central African Republic   Africa    4,410,873
 6 Ivory Coast                        Africa          21,571,060 21 Republic of the Congo      Africa    4,043,318
 7 Burkina Faso                       Africa          16,287,000 22 Gabon                      Africa    1,501,000
 8 Niger                              Africa          15,891,000 23 Comoros                    Africa     734,750
 9 Senegal                            Africa          12,861,259 24 Equatorial Guinea          Africa     700,401
10 Mali                               Africa          14,517,029 25 Djibouti                   Africa     888,716
11 Rwanda                             Africa          10,277,282 26 Luxembourg                 Europe     506,953
12 Belgium                            Europe          10,827,951 27 Vanuatu                    Oceania    239,651
13 Guinea                             Africa          10,324,437 28 Seychelles                 Africa      86,525
14 Chad                               Africa          11,274,337 29 Monaco                     Europe      35,407
15 Haiti                              Caribbean       10,188,000


                                                                                   Innovative conservation since 1903
Support from the
                     highest levels
• Director of Fundraising, CEO, Chair
• Project staff
• Putting the word out around the
  organisation to capitalise on serendipity, or
  ‘creating your own luck’.




                                   Innovative conservation since 1903
Time to devote to this

• Simply put, this endeavour has cost me about half a trust
  fundraiser in time, hard when we have been charged
  with growing income from trusts in this financial year.
  (we’ve already more than doubled income in 2 years)
• Make sure you don’t commit to this if you can’t keep up
  the day job too!
• Returns need to be seen over 3-5 years
• Whilst we were up 60% in the same financial year we
  didn’t expect it.




                                            Innovative conservation since 1903
Thank you

• Questions?




                     Innovative conservation since 1903

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breaking into Europe

  • 1. Finding money in Europe FFI’s experiences over the past year Stuart Sherriff – Trust Manager Innovative conservation since 1903
  • 2. Quick overview Looking at: • Why FFI looked to Europe • What we’ve found over the past 12 months • What I’d consider before embarking on something similar Innovative conservation since 1903
  • 3. Context • FFI set up as world’s first international conservation charity in 1903 – global • Projects in 46 countries across Africa, Americas, Asia, and Eurasia. • Tend to operate where we can have biggest impact, i.e. where conservation is weak. • 108 staff in Cambridge, 300 around the world • Turnover £17.3m in 2011 Innovative conservation since 1903
  • 4. Why Europe? How much do trusts give away? • Hard to be sure, but looking at government figures… • US $47billion • Europe €83 billion? • Other hubs? – Singapore? – Australia? – Russia? – Middle East? Innovative conservation since 1903
  • 5. Maturity of Philanthropy Difference between established philanthropy markets and emerging markets: • Founders v Trustees • Wealth • Interest Emerging markets require Major Donor style fundraising Innovative conservation since 1903
  • 6. Country UK Germany Switzerland Netherlands Number of Foundations 8,800 18,162 20,000 8,000 Assets ? €100 bn €61 bn €60 bn Expenditure €2.4 bn €22 bn €1.7 bn €215 m Employees 150,000 128,194 ? English widely spoken? Yes Yes Yes Yes Global - former colonies? Yes Yes Yes Yes Significant giving? Yes Yes Yes Yes Philanthropic perspective Yes Yes Yes Yes Count of Yes 4 4 4 4 Country France Italy Spain Portugal Number of Foundations 2,264 4,720 12,921 800 Assets €14 bn €85 bn €17 bn ? Expenditure €5 bn €11.5 bn €5.2 bn ? Employees 59,126 106,000 95,942 ? English widely spoken? No No No No Global - former colonies? Yes Yes Yes Yes Significant giving? Yes Yes No No Philanthropic perspective No No No No Count of Yes 2 2 1 1 Country Turkey Sweden Finland Ireland Number of Foundations 3,000 15,558 2,800 25 Assets €34 bn €49 bn €12 bn €790 m Expenditure €3.2 bn ? €290 m €70 m Employees 13,195 ? ? 110 English widely spoken? No Yes Yes Yes Global - former colonies? No No No No Significant giving? Yes No No No Philanthropic perspective No No No No Count of Yes 1 1 1 1 Innovative conservation since 1903
  • 7. Where in Europe? Innovative conservation since 1903
  • 8. Trust Fundraising at FFI Since 1980 the database said we’d raised Region Sum paid % Average Europe 2,111,985 10.19% 66,000 UK 15,432,641 74.43% 482,270 Rest of World 42,519 0.21% 1,329 USA 3,147,991 15.18% 98,375 Grand Total £20,735,138 100% £647,973 Innovative conservation since 1903
  • 9. Trust Fundraising at FFI • In the three years (2008-11) we’d raised Region Sum paid % Average Europe 744,679 10.82% 248,226 UK 5,310,445 77.14% 1,770,148 Rest of World 8,666 0.13% 2,889 USA 820,725 11.92% 273,575 Grand Total £6,884,516 100% £2,294,839 Innovative conservation since 1903
  • 10. Activities over the past year • So far in 2012 we have brought in Region Sum paid % Average Europe £350,760 31% £350,760 UK £621,040 55% £621,040 USA £158,387 14% £158,387 Grand Total £1,130,187 100% £1,130,187 Innovative conservation since 1903
  • 11. How did we get there? • August 2011 – decision to do Europe Prospect Researcher secured • October 2011 – new prospects identified Data merged and purged, low hanging fruit identified • November 2011 – First contact Data scrutinised and relevant approaches commenced • November 2012 – Review and refocus Innovative conservation since 1903
  • 12. Prospect Research • Results: 2,421 trusts around the world Row Labels Count Africa 234 Americas 825 Asia Pacific 550 Eurasia 89 Europe 711 International 12 Grand Total 2,421 Innovative conservation since 1903
  • 13. Prospect Research Former FFI trust fundraiser • Knew the organisation well • Knew the CEO well • Didn’t need the work (so was cheap!) Innovative conservation since 1903
  • 14. Prospect Research • Not all trusts were relevant • Not all trusts were new • After a merge and purge we had: Region Count of Trust Europe 519 Ret of the World 1,085 UK 532 USA 80 Grand Total 2,216 Innovative conservation since 1903
  • 15. Country Trusts Country Trusts Austria 7 Liechtenstein 4 Belgium 18 Luxembourg 5 Bulgaria 1 Norway 7 Czech Republic 2 Poland 3 Denmark 14 Portugal 8 Ireland 1 Romania 9 Finland 5 Slovakia 1 France 46 Spain 34 Georgia 4 Sweden 32 Germany 91 Switzerland 89 Hungary 2 The Netherlands 70 Ireland 6 Turkey 39 Italy 21 Grand Total 519 Innovative conservation since 1903
  • 16. Network Mapping • We looked at the 519 trusts identified in Europe and circulated the biggest • We asked SMT, Regional Directors, Council, several major donors, trusts and individuals (anyone who would listen) Innovative conservation since 1903
  • 17. First approaches • Concentrated on Germany in the first instance (Eurasian Director is based there) • Had two (relevant) documents translated and we started emailing and posting. – Background doc to FFI – Overview of some of our work – Request to meet Innovative conservation since 1903
  • 18. The next few months • We contacted 160 trusts • We met with 17 trusts Innovative conservation since 1903
  • 19. Income in 2012 Relationship Country Gift Stewardship Belgium 250,000 Stewardship France 125,000 Stewardship Germany 32,380 Stewardship Ireland 47,000 Stewardship Italy 20,000 Stewardship Netherlands 25,000 Stewardship Switzerland 10,000 Stewardship Switzerland 10,000 Innovative conservation since 1903
  • 20. Key message for FFI • An introductory meeting with a trust is the first step in developing a relationship, which may take several years to develop. • Our plan was always to look at soliciting gifts over a three to five year timescale. • We have successfully managed to raise our profile with those whom had previously never heard of FFI. Innovative conservation since 1903
  • 21. Tracking activities on the database Unsuitable Not appropriate for FFI, archive details Identification Marked out as a potential future funder Engagement Contacted; the funder knows of FFI Cultivation Meeting is planned / has taken place Solicitation FFI is/has submitted a request for support Stewardship Grant received, future reporting/asks scheduled Innovative conservation since 1903
  • 22. Results to date Stewardship Solicitation Cultivation Engagement Unsuitable Prospects Identification Innovative conservation since 1903
  • 23. Projections Foundation 2012 2013 2014 2015 Trust 1 250,000 250,000 250,000 250,000 Trust 2 40,000 32,000 24,000 0 Trust 3 32,380 50,000 50,000 100,000 Trust 4 16,000 16,000 16,000 16,000 Trust 5 20,000 20,000 30,000 30,000 Trust 6 22,000 22,000 22,000 24,000 Trust 7 10,000 0 0 0 Trust 8 10,000 10,000 20,000 30,000 Trust 9 0 50,000 50,000 100,000 Trust 10 0 50,000 100,000 200,000 Trust 11 0 0 50,000 50,000 Trust 12 0 0 25,000 25,000 Trust 13 0 0 50,000 50,000 Trust 14 0 0 25,000 75,000 Trust 15 0 0 38,000 50,000 TOTAL 400,380 500,000 750,000 1,000,000 Innovative conservation since 1903
  • 24. Networking European Foundation Centre Established in 1989, the European Foundation Centre is an international membership association of foundations and corporate funders. In 23 years our membership has grown steadily from an initial group of 7 founding members to 231 Innovative conservation since 1903
  • 25. EFC Membership Adessium Foundation Oxfam GB Alexander von Humboldt-Stiftung Prins Bernhard Cultuurfonds European Climate Foundation Rabobank Foundation Fondation Charles Léopold Mayer Robert Bosch Stiftung Fondation Mava The Prince Albert II of Monaco Foundation Mama Cash Foundation The Sigrid Rausing Trust Oak Foundation VolkswagenStiftung Innovative conservation since 1903
  • 28. If I were to do it all again? I wouldn’t change a thing… But I would make sure I had the following: • Work going on in countries of interest • Support from the highest levels • Time to devote to this Innovative conservation since 1903
  • 29. Work going on in countries of interest If you’re looking to engage trusts in France: 1 Democratic Republic of the Congo Africa 67,827,000 16 Burundi Africa 8,519,005 2 France Europe 65,447,000 17 Benin Africa 9,212,000 3 Canada North America 34,207,000 18 Switzerland Europe 7,782,520 4 Madagascar Africa 21,146,551 19 Togo Africa 6,780,000 5 Cameroon Africa 19,958,692 20 Central African Republic Africa 4,410,873 6 Ivory Coast Africa 21,571,060 21 Republic of the Congo Africa 4,043,318 7 Burkina Faso Africa 16,287,000 22 Gabon Africa 1,501,000 8 Niger Africa 15,891,000 23 Comoros Africa 734,750 9 Senegal Africa 12,861,259 24 Equatorial Guinea Africa 700,401 10 Mali Africa 14,517,029 25 Djibouti Africa 888,716 11 Rwanda Africa 10,277,282 26 Luxembourg Europe 506,953 12 Belgium Europe 10,827,951 27 Vanuatu Oceania 239,651 13 Guinea Africa 10,324,437 28 Seychelles Africa 86,525 14 Chad Africa 11,274,337 29 Monaco Europe 35,407 15 Haiti Caribbean 10,188,000 Innovative conservation since 1903
  • 30. Support from the highest levels • Director of Fundraising, CEO, Chair • Project staff • Putting the word out around the organisation to capitalise on serendipity, or ‘creating your own luck’. Innovative conservation since 1903
  • 31. Time to devote to this • Simply put, this endeavour has cost me about half a trust fundraiser in time, hard when we have been charged with growing income from trusts in this financial year. (we’ve already more than doubled income in 2 years) • Make sure you don’t commit to this if you can’t keep up the day job too! • Returns need to be seen over 3-5 years • Whilst we were up 60% in the same financial year we didn’t expect it. Innovative conservation since 1903
  • 32. Thank you • Questions? Innovative conservation since 1903