Invest Locally – A Good Neighbor Policy
Filed Under (Uncategorized) by andrea on 23-05-2011
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There’s a grain of truth in the old adage, “It’s not what you know, it’s who you know”. Our relationships with others shape our lives. For nonprofits, relationships provide the base out of which grow board members, volunteers, and financial support. When people aren’t engaging in your organization, it’s impossible to fulfill your mission.
A conversation at a conference gave me a new perspective on relationships as they relate to nonprofits. I was introduced to a couple who owned an established business in a small community and were involved in a number of volunteer efforts. I probed a little deeper about their activities and was surprised when one of them commented that they loved their town. They were happy to donate their time and money or product when asked because they want their town to be a good place to live. However, it was disheartening when the same organizations that were asking for donations turned around and did business with other big box retailers or service providers for day to day supplies. This couple felt that their relationships with these nonprofits was often a one way street.
When it comes to spending, nonprofit decision makers should consider the impact their local purchases can have on their relationships in their communities as well with the bottom line. While “buying local” may be trendy, it has a very real impact on the economic health of a small city or town. These are the very people who value your service and who support what you do – can you return the favor? Here are some things to consider:
- Does a local business offer something that you regularly purchase online or at a big box retailer in another community? Are the savings really that significant when you factor in shipping or fuel costs?
- If this business doesn’t appear to have the exact product that you need, have you asked if they can they order it for you?
- Does this business contribute in some way to your organization?
- Does this business add value to your community? Does it make your town a better place to live?
Every nonprofit should be good stewards of their operating expenses. However, decision makers should consider a few new interpretations of ”stewardship” when it comes to making spending decisions and begin to look at the relationship opportunities that grow when we’re committed to investing our operating funds locally.

