Corporate sponsors are visible regional and national leaders, spearheading
social innovation that also contributes to the core mission of their companies.
Corporate Sponsor Responsibilities
- Fellow recruitment: Nominate Encore Fellow candidates from the ranks of
employees who have already or will soon complete their midlife careers in the
corporate world. - Nonprofit connection: Identify potential nonprofit sponsors that would benefit
from having an Encore Fellow. - Financial support: Provide funding for stipends and program administration
costs. - Co-branding: Gain additional visibility in branded encore fellowships programs.
Corporate Sponsor Benefits
Sponsoring corporations can benefit in many ways from their participation
in Encore Fellowships programs.
- Employee engagement: Corporate-sponsored Encore Fellowships provide an attractive
option for employees nearing the end of their midlife careers. An Encore Fellowship
offers a proven transitional experience into an encore career – which combines
social impact, personal meaning and continued income – in the nonprofit or
public sector. Encore Fellowships fit well with other programs, such as early
retirement, corporate volunteerism or outplacement services. - Community engagement: Corporations and corporate foundations have long been
important supporters of community-based nonprofits. Encore Fellowships provide
a unique, new opportunity for corporations to provide direct, high-leverage
assistance to those organizations. Now, along with direct cash contributions
and employee volunteer programs, corporations can provide experienced, committed
Encore Fellows who will work within nonprofits doing a variety of assignments.
The value-to-cost ratio of a sponsored fellow can easily exceed a cash contribution
by a factor of four or more. Increasingly, foundations and other funders are
recognizing the value of providing grantees with human capital in addition
to traditional financial support. - Market engagement: Most leading corporations have found ways to leverage
their social responsibility efforts with their core business missions. Encore
Fellowships allow companies to target specific sectors that will be most relevant
to their customers, such as education, health care, environment, arts and culture,
or even the boomer market itself. Direct benefits to the core business can
take many forms: brand goodwill and public relations, product evangelism, the
opportunity to engage in deep customer dialogue and technology/application
capacity development.
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