Booth Alumni Nonprofit Consultants (BANC)
Is your Chicago NONPROFIT looking for consulting advice? Click HERE for a nonprofit application.
Are you a Booth graduate living in the Chicago area? Want to be use your business skills to give back to the community? Click HERE for a BANC application.
Our mission is to leverage pro bono consulting services from Booth alumni to help nonprofits achieve their goals.
Who We Are
BANC is a Chicago Booth initiative collaboratively developed and supported by the Dean, the Office of Alumni Relations, and the Rustandy Center for Social Sector Innovation.
BANC was created when Booth alumnae Gayle Haller, ’87 and Judy Maley, ’84 saw an opportunity to match the desire among Booth alumni to give back to their communities with the need for business-oriented help expressed by nonprofit organizations. It was launched with two pilot projects in fall 2015.
What We Offer
Nonprofits: BANC offers Chicago-based nonprofits the opportunity to tap into Booth alumni skills by providing pro bono consulting in a number of areas: growth strategies, process development and operations evaluations, performance reporting and dashboards, strategic planning, marketing planning, community engagement, and program evaluations. BANC does not provide fundraising strategies or advertising materials and does not implement recommended strategies.
Alumni: BANC offers Chicago-Area Booth Alumni pro bono opportunities to help nonprofits deepen their knowledge of the nonprofit sector and to connect with fellow Booth graduates.
Consulting projects typically have four to six consultants and are completed over six months.
New BANC Projects
Apna Ghar, Inc.
Project: In order to expand its impact, provide an assessment of future services needed, an assessment of the organizational changes required to fill those needs and how strategic partnerships may address capability and capacity gaps
Apna Ghar provides holistic services and conducts outreach and advocacy across immigrant communities to end gender violence. The BANC team will conduct a SWOT and GAP analysis, create a partnership screening template and provide examples of how strategic partnerships may address capacity gaps.
Strategic planning – SWOT analysis
Organizational change management and integration planning
Business process design
Chicago Children’s Theatre
Project: Develop revenue growth plans for both ticket sales and education programming classes that will further build their customer base and more deeply engage their new community
Chicago Children’s Theatre aspires to enrich our community through diverse and significant theatrical and educational programming that engages and inspires the child in all of us. The BANC team will examine existing customer demographics (for ticket sales and classes), identify target customers, examine competitive options, evaluate pricing alternatives and recommend local market activities to maximize returns
Marketing and Advertising Planning (local)
Customer Analysis and Segmentation
Illinois Medical District (IMD) Guest House
Project: Identify the current size of the market for IMD Guest House’s services; identify growth opportunities with current partners; determine possible new partners and quantify those opportunities
IMD Guest House builds community and healing by providing comfortable, affordable accommodations for patients and their families throughout their treatment. The BANC team will identify the current size of the market (based on diagnoses and other patient attributes) for IMD Guest House services with 5 existing partner hospitals/organizations as well as other possible partners, understand the structure and size of social services referral systems within each and assess awareness /barriers to usage of IMD Guest House’s services.
Interview Guide development
Scenario modeling, forecasting
Familiarity with healthcare data
Healthcare industry experience
Loaves & Fishes Community Services
Project: Research and evaluate food distribution models and related space needs/utilization; assess which geographic markets to serve and perform high level financial assessment
Loaves & Fishes Community Services’ mission is to provide healthy food and impactful programs to promote self-sufficiency. The BANC team will assess target geographic demographic information; conduct interviews and perform research to understand the food distribution landscape; evaluate how to best provide products and services; and provide recommended next steps.
Logistics or retail/wholesale operations - food industry experience a plus
Technology - mobile/online ordering systems
Urban Prep Academies
Project: Develop business strategies and operational tactics that will help them manage growth
Urban Prep Academies’ mission is to provide a high-quality and comprehensive college-preparatory educational experience to young men that results in our graduates succeeding in college. The BANC team will conduct a SWOT analysis and review other charter school practices, develop strategies and operational tactics to manage growth and achieve financial stability.
Strategic planning – SWOT analysis
Organization/operations analysis and implementation tactics
What We Have Accomplished
BANC consultants have successfully completed 19 projects, including:
- Strategic growth plan for an economic development organization
- Process map and financial software management system recommendations for a social services organization
- Promotion and pricing strategy for a growing social services organization that serves Illinois’ most at risk citizens
- Positioning, promotion, and pricing strategy for a highly-regarded Chicago-based early childhood program.
- Marketing plan to help a Chicago theater with two proposed strategic partnerships with the goal of increasing theater audiences at specific performances.
- Key messages update for a housing program for low income seniors that better communicates its mission and services.
Who We Work With
BANC seeks to work with nonprofits that have the ability to provide meaningful projects and implement consultant recommendations. To be considered, nonprofits must meet the following criteria:
- Be a 501(c)3 or operate in the public sector with an annual budget of $500,000 or more
- Be located in the Chicago area
- Have a full-time, paid executive director who has been in place for at least one year
- Be able to assign a staff member and backup who will be dedicated to working with the BANC consultants and are flexible to meet after hours
- Have at least two more paid staff in addition to the executive director
- Have enough capacity to implement the BANC recommendations and not be undergoing a leadership transition
Clients are chosen based on both the merit of the project and the ability of the engagement to attract volunteers.
Who We Look For
BANC is seeking committed Booth alumni with a desire to use their management skills to benefit nonprofits through pro bono consulting projects. The projects typically utilize expertise in a wide variety of areas. We match the needs of the project with the skills required to complete the consultancy.
Alumni who have worked on previous BANC projects have had skills in the following areas: management consulting, market research, product and business development, technology consulting, financial systems management, financial analysis, communications, and sales.
Booth alumni in all stages of life’s journey are welcome to apply: professionals and entrepreneurs looking to give back to the community and to understand challenges unique to nonprofits, millennials, stay-at-home parents, retirees, and alumni looking to strengthen bonds with the Booth community.
Alumni applicants will be matched with projects depending on skill sets and project needs.
What We Look For
BANC Consultants apply and are chosen on a rolling basis. Volunteers come from a range of backgrounds but share a strong desire to use their Booth skills to help the community. In addition to that passion, we look for:
- An average commitment of two to four hours a week for up to six months, beginning from the start date of the project (This is an average estimate. Over the course of the project, some weeks will require more effort and other weeks none at all).
- Individuals who have control over their schedules with the ability to meet with the clients in their Chicago offices during normal business hours. Teams can have between three to five meetings with their clients. If you travel regularly for business, you may want to a contact one of the BANC Directors at BANC@ChicagoBooth.edu to see if this program is right for you.
- Professional and collaborative attitude with clients and other volunteer consultants.
- Attendance at a mandatory training session in Chicago on September 18, 2019.
- Only those who hold an MBA from Booth are eligible.
If you are not matched to a project, your application will be retained and considered for the next round of projects.
What Our Consultants Say
BANC volunteers report a strong sense of satisfaction in helping clients meet their specific challenges. Consultants also valued their experience for strengthening their understanding of the nonprofit space, for broadening their peer networks, and for the sheer fun of working with a team of Booth alumni.
“The caliber of support and generosity of spirit towards a non-profit, non-paying client was unexpected and surprisingly uplifting for all those that worked with two BANC teams. The data analyses conducted, the presentation decks, and the interactions with board members and staff were top tier.”
— Emilia DiMenco, President and CEO, Women’s Business Development Center
“Volunteering for BANC was deeply satisfying. It was wonderful to help drive meaningful change, give back to the community, bond with fellow alumni, and continue to sharpen my skills.”
—Sujatha Shenoy, ’04
If you are a Booth graduate or work in a nonprofit, we hope you will consider being part of a future BANC project. For further information about BANC, please email: BANC@Chicagobooth.edu