The Key Differences Between Sponsorship, Philanthropy, and Corporate Partnership
Not all funding is created equal. Here’s how to know what you’re really offering (and what sponsors expect in return):
Type | What It Means | Example (Nonprofit) | Example (For-Profit) |
---|---|---|---|
Sponsorship | A business pays for exposure and engagement with your audience | Bank gets logo on event materials & stage | Coffee brand sponsors your trade show and hosts a tasting lounge |
Philanthropy | A gift or donation, with little or no expectations of return | Foundation grant for art therapy program | Charitable donation to employee wellness charity |
Corporate Partnership | Two organizations team up for mutual benefit, not always for money | Museum and TV station co-host public series | Fitness company and co-working space create “work while standing” challenge |
Tip:
When pitching, use the correct term for what you’re offering. If you’re promising sponsor benefits, avoid calling it a donation.