BusinessTangent SuperFreakonomics

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POLICY

FUNDRAISING STRATEGIES
A review of Makes Sense's fundraising approaches alongside those adopted by similar organizations
Makes Sense's Approach Other Organizations' Approach (e.g.: MindPeers)

HANGE Free/discounted Access to college resources like


meeting spaces, IT support and administrative
services.

College-facilitated partnerships with other Alliance Events &


Online
Miscellaneous Angel Investors
Venture Capital
& Private Equity
Building Successful
departments/organisations. Platforms Funding sources Investors offer capital
Providing include individuals
College prospects Galas & online donations, support early- for mental health
Administration Fundraising events organised through on-campus for joint crowdfunding grants and stage companies startups' growth and
collaboration Funding. drive funds corporate scaling operations
with funds and
sponsorsips mentorship
Endorsement by the college enhances credibility,
and attracts additional funding sources.

STRENGTHS CHALLENGES FUTURE STRATEGIES


Alumni's deep ties to their alma mater Develop engaging communication Explore fundraising beyond alumni.
drive donations highlighting mental health impact.
Providing detailed reports showcasing
Alumni networks amplify outreach Customizing messages to align with donation impact, building trust.
for effective fundraising. alumni interests in mental health.
Alumni Developing a sustainable financial
Donations Legacy donations ensure continuous Foster ongoing connections beyond plan beyond immediate fundraising
funding sustainability. donation requests goals

Fundraising Strategies Recommendations Marketing Strategies Departments & Roadmap Expansion Strategy Financial Projections 01
POLICY
RECOMMENDATIONS
Tailored recommendations for Makes Sense to diversify their funding sources.

CHANGE
CSR PROGRAMS CROWDFUNDING HEALTHCARE ORGANIZATIONS
Through strategic marketing, Makes Websites like Kickstarter have Makes Sense can collaborate with
Sense can encourage businesses to allocate gained popularity where users can read healthcare organizations, hospitals, or
a portion of their CSR budgets. about NPOs. mental health institutions.

S
.
This initiative can skyrocket the positive Successful crowdfunding campaigns They may have grant programs or be
community impact and brand visibility of often go viral, attracting all kinds of willing to partner with this NPO to
the business, and raise funds for the NPO. attention on social media platforms. address mental health issues among
. students at the college level.

SOCIAL IMPACT BONDS CORPORATE MATCHING GIFTS CAUSE MARKETING

A company employee is to donate


A social impact bond is a type of financial Cause marketing involves a collaboration
security that provides capital to the public funds to the NPO.
between a for-profit business and a
sector to fund projects.
nonprofit organization.
If he or she successfully submits the
The NPO can explore the possibility of SIBs
proper paperwork to the company's
where private investors provide upfront Typically, a brand’s association with a
capital for mental health programs. human resources department, then the
nonprofit will boost their corporate
company will donate either the same
social responsibility. Makes Sense, in
amount or even more the NPO
exchange for their ethical contributions
to the collaboration and raise funding.

Fundraising Strategies Recommendations Marketing Strategies Departments & Roadmap Expansion Strategy Financial Projections 02
POLICY
MARKETING STRATEGIES
Steps to be taken to maximise awareness among the target audience and increase the reach of the organisation

CHANGE
SOCIAL MEDIA MARKETING MENTAL HEALTH RESOURCE LIBRARY TRAINING WORKSHOPS

PODCASTS WITH DIGITAL CONTENT CREATORS It shall contain online resources such OPPORTUNITY
as apps and websites that assist with Psychology honours students who
Series of podcasts on social media mental health issues.

S
are appointed as volunteers can be
pages with renowned digital content For example- Meditation apps like given a training workshop for
creators on mental health. Headspace, Calm, journalling apps assistant psychologist/therapist in
like Five Minute Journal, Grid Diary. collaboration with organisations like
PARTICIPATION IN MENTAL HEALTH WEEKS MindPeers.
SOCIAL INITIATIVES
In India, this month is celebrated in CAUSE MARKETING
May, while the World Mental Health BENEFITS
Month takes place in October. Engaging in offline initiatives, Makes
Firstly, it equips students with
Sense can conduct drives to
PURPLE RIBBON CAMPAIGN practical skills, enhancing their
orphanages and old-age homes,
professional development.
The Green Ribbon Campaign is a major focusing on addressing the most
event associated to mental health in the vulnerable sections of society.
US. Secondly, as these students
A Purple Ribbon Campaign of similar sort engage in awareness initiatives,
These efforts aim to provide support,
can be introduced to address stigma around they contribute to breaking down
companionship, and essential resources
mental health. societal stigmas surrounding
to those in need.
mental health.

Fundraising Strategies Recommendations Marketing Strategies Departments & Roadmap Expansion Strategy Financial Projections 03
DEPARTMENTAL SEGMENTATION
The operations of Makes Sense have been segmented into the following departments with detailed functioning of each.
PROGRAM DEVELOPMENT PARTNERSHIP & OUTREACH TRAINING TECHNOLOGY & DATA
a. Designing/ Tailoring a. Identifying prospective a. Develop training programs a. Implementing and
mental health programs on colleges. for staff and volunteers. managing technology
the basis of the responses. . solutions.
b. Building partnerships with b. Ensure the consistent
b. Collaborating with mental mental health advocates implementation of programs b. Ensuring that the data
health professionals for . shared is encrypted and not
program enhancement. c. Carrying out crowdfunding c. Reviewing the feedback.
subject to any privacy breach.
programs
.
FIVE YEAR ROADMAP
YEAR 1-2 YEAR 3-4 YEAR 5
a. Establishing partnerships with 2-3 colleges. a. Expanding services to 5-7 colleges. a. Expand to 10-15 new colleges.
b. Conducting demand assessments and b. Strengthening online platforms/online app b. Strengthen partnerships with schools and
initiating tailored programs. and community outreach. local communities.
c. Begin online platform/app development c. Collaborate with 2-3 high schools. c. Enhance tailored program effectiveness.

Finances- Focusing on current Finances- Diversify funding and seeking d. Finances- Focusing on sustainability and
fundraising and initial sponsorships. corporate partnerships. donor engagement.

MARKET AND COMPETITORS ANALYSIS GTM STRATEGY REVENUE ANALYSIS COST ANALYSIS COLLABORATIONS
Fundraising Strategies Recommendations Marketing Strategies MARKET ENTRY MODELS
Departments & Roadmap Expansion Strategy Financial Projections 04
OUTSOURCING
EXPANSION STRATEGY
Market Research & Demand Assessment Planning the Expansion Introducing New Programs

Targeting areas with high student demand and Detail achievable goals within a relevant
lacking mental health services. time frame.
MakeYog
Understanding local attitudes towards seeking Collaborate with college admins,
help for mental health. professionals, and stakeholders

Customize programs as per each institution's MakeTute


Surveying faculty, staff, and students to grasp needs and culture
stigma perceptions.
Integrate online support, ensuring
Assessing tech needs for an online platform accessibility, security, diverse services, and
user-friendly features for expansion. MakeSupport

Implementing the Expansion Identifying the Potential Market for New Programs
Launch pilot projects and adjust plans based on
Launch pilot projects and adjust plans based on
results for organizational viability
results for organizational viability
1. MakeYog- Under the flagship of MakeCare, MakeYog will ensure physical well
being of the college students as well. Students can participate in two-hour yoga
Train staff thoroughly, set service standards,
Train staff thoroughly, set service standards, and meditation sessions every weekend.
and provide resources for quality mental
and provide resources for quality mental
health services.
health services.
2. MakeTute- Creating a school-based career counseling unit and a mental health
Ensure clear and initiative in coaching hubs to prevent self-harm related to academic pressure.
Ensure clear and
consistent communication between new and
consistent communication between new and
central offices.
central offices. 2. MakeSupport- A support group for college students to openly discuss academic
Assess expansion, gather feedback, adjust for pressures and mental health concerns, fostering an environment of inclusion and
Assess expansion, gather feedback, adjust for acceptance.
better services, and tackle challenges
better services, and tackle challenges

Fundraising Strategies Recommendations Marketing Strategies Departments & Roadmap Expansion Strategy Financial Projections 05
FINANCIAL PROJECTIONS
Following are the Cost & Revenue Analysis for the upcoming 5 years for MakesSense.in

Key Assumptions

1. A stipend of Rs. 3500 will be


offered to Psych Hons. Students at
the commencement of their
internship in FY 2024 (Page. 03)

2. An online application will be


introduced in the FY2024, leading to
a 72% growth rate in marketing costs.

3. Crowdfunding will follow a tier


system. For the FY 2023, only Tier
1/Tier 2 localities will be targeted.

Fundraising Strategies Recommendations Marketing Strategies Departments & Roadmap Expansion Strategy Financial Projections 06

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