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Make-A-Wish

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by

Nikitas Paraskevopoulos

on 3 October 2014

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Transcript of Make-A-Wish

Thank you!
Strategic Challenges
Services & Goods it provides

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Make-A-Wish Ireland
Group

Amber Stomp
Burcu Ulusoy
Nikitas Paraskevopoulos
Robert Beijersbergen
Stephanie Amanda Lie

Sources Of Funding

Non-Profit Organization
Donative Non-Profit
Entrepreneurial Non-Profit
Philanthropy
Wish Granting


Present donation impact (and limitations)
No fund distribution among parties

Long-term conditions
Discuss funding strategy
Define the different types of funding
Critical Fundraising Conditions
FUNDING MODELS
HEARTFELT CONNECTOR
Corporate Governance Structure
Financials
Special fundraising events

Fixing large cross-section of people to donate

Explaining what is compelling about
Make-A-Wish
Business model
- cost structure & value proposition (to the beneficiary)
Funding model
- focus on the funding,
NOT
on the services offered to the beneficiaries
(Foster, Kim, Christiansen: 2009)
(based on the article "Ten Nonprofit Funding Models", 2009)
BENEFICIARIES
ARE NOT
CUSTOMERS!
But where does this money goes...
...according to Make-A-Wish site
Fundraising Methods
COMPANIES
EVENTS
MARATHONS & CHALLENGES
Roles and Responsibility
Selects, evaluates & supports the CEO
Determines strategic directions
Ensures accountability
Maintains legal integrity
Risk review and management
Assesses the charity's performance
Focuses on the three core areas
SCHOOLS & UNIVERSITIES
REFERENCES
(based on the article "Ten Nonprofit Funding Models", 2009)
Board of Directors
Make-a-Wish International
Funding
Beneficiary-Donors Conflicts
Limitations in raising capital
Drop in funds
Competitors
Reputation
Regain Trust
Scandals
Relevance
Conflicts of Interest
No cost cutting incentive
No economic incentives for the employees
Beneficiaries vs. donors interest
Composition of the Board
Continuity
Limited strategic and financial freedom
Governance Challenges
Current Practices
Services
Granting wishes
" We grant the wishes of children with life-threatening medical conditions to enrich the human experience with hope, strength and joy. "
(wish.org)
Policies
Whistleblower
Conflict of Interest
Nominating committee
Auditing committee
Increased fundraising events
Managing
Children's expectations
Why Non-Profit Organization?
A respond to market failures
Trust relationship with donors
Labour intensive
The current
Governance Model
provides:
Clarity of roles, vision & accountability
Liberty, power & support to the CEO
BUT
it lacks:
Adequate connection between the board & the staff
Adoptions from different governance models
Emphasis on communication
Diversity

Efficiency focus

Pluralistic visions
Adaptability
Emphasis on relationships

Critical Characteristics, Values and Approaches for non-profits
Bradshaw P., "Nonprofit Governance Models:Problems and Prospects, 1998.
Foster W. L., Kim P. & Christiansen B., "Ten Nonprofit Funding Models"
http://makeawish.ie/Annual-Report-2013-Final
http://makeawish.ie/charity
http://www.irishmirror.ie/news/irish-news/make-a-wish-foundation-struggling-make-childrens-4111843
http://www.thejournal.ie
http://www.vagazette.com
https://www.worldwish.org/en

HYBRID GOVERNANCE MODEL
Financials
REFORMS & SUGGESTIONS
Hybrid governance model
Compensation committee
Diversity
Celebrities
Break with international
Merge
Break with international
Merge
Pros
Strategic freedom
No membership fees
Cons
No strong brand name
No financial/managerial support
Full transcript