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Booth Alumni Nonprofit Consultants (BANC)
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Booth Alumni Nonprofit Consultants (BANC)

New Projects Available! Click here for consultant application. Apply by March 30.

Mission

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 backed 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 external help expressed by nonprofit organizations. 

BANC 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: Strategic Planning, Financial Planning & Sustainability, Marketing, Program Growth Strategies, and Social Enterprise.

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 

Hyde Park Neighborhood Club (Chicago, IL)

Project: Develop a marketing plan that creates awareness and increases enrollment in its programs

Founded in 1909, HPNC provides high quality childcare, academic support and enriching activities to youth age’s infant to teen from diverse backgrounds so they learn, grow and thrive. The BANC team will conduct interviews of key target market groups, staff and stakeholders; conduct a competitive analysis of rival programs and prepare a marketing plan that presents HPNC with it’s unique value proposition, target segment needs, key messages and promotion strategies.

Skills/Background useful:

Marketing and/or Product Management

Market Research – Survey Monkey skills appreciated

Public Relations

Advertising

Management Consulting

SOS Children’s Village-Illinois (Chicago, IL)

Project: Develop a candidate profile and marketing plan to attract and retain full-time professional Foster Parents

SOS Children’s Village-Illinois builds Villages that unite brothers and sisters in foster care, surrounds them with a community of hope, and helps them grow into caring and productive adults. Each foster parent is a full-time paid employee of SOS, provided with a house, utilities and training. The BANC team will conduct interviews of key target market groups, staff and stakeholders; conduct an analysis of competing jobs and their respective wages and benefits; analyze how other term-specific programs like Peace Corps and Teach for America attract candidates and prepare a marketing plan that presents SOS with a profile of target foster parent candidates, it’s unique value proposition, target segment needs, key messages, marketing tactics and retention strategies.

Skills/Background useful:

Marketing and/or Product Management

Market Research – Survey Monkey skills appreciated

Human Relations

Public Relations

Advertising

Management Consulting

 

South Side Non-profit (Chicago, IL) 

Project: Develop a rubric to evaluate programming partners for its community center

This South Side non-profit is looking to build a community center with a variety of programming in the area.  In order to identify and evaluate partners who can deliver quality programming at the facility, it needs a screening mechanism. The BANC team will interview key non-profit and community stakeholders, perform online research and interview potential partners to understand key success factors, providing the basis for the rubric.

Skills/Background useful:

Management Consulting

Business or Non-profit Management

Marketing and/or Product Management

Market Research

Partnership Management

 

What We Have Accomplished

BANC consultants have successfully completed six projects:

  • 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 to better communicate 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
  • Have a full-time, paid executive director who has been in place for at least one year
  • Have enough capacity to implement the BANC recommendations, and not be undergoing a leadership transition
  • Assign a staff member and backup who will be dedicated to working with the BANC consultants
  • Be located in the Chicago area
  • Have project leaders from the organization who are flexible to meet after hours 

Clients are chosen based on both the quality 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 entire 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 training session in Chicago.
  • Only those who have completed an MBA from Booth can apply
  • Projects will begin with mandatory training on April 24 in downtown Chicago.

If you are not select, 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.

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

“I thought the BANC team went above and beyond to assist us in our project and provided a product with great value for the future of the department.” 
—Past client about working with BANC 

“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

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