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Booth Alumni Nonprofit Consultants (BANC)
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FAQs


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Why should I join BANC?

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BANC offers a great opportunity to interact with fellow Chicago Booth alumni and utilize your skills to assist a nonprofit in your community.

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In general, what types of projects do nonprofits seek through BANC?

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Each project will be designed to match the needs of our nonprofit client. Examples include: financial strategies and planning, market plans and strategies, strategic planning, mission definition and organizational and program analysis. BANC volunteers do not provide fundraising strategies or implement strategies that are recommended.

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What types of nonprofits seek volunteers through BANC?

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BANC targets 501(c)(3) organizations with an annual budget of $500,000 or more and those with enough capacity to implement the likely recommendations of BANC volunteers. Further, the organization must have a full-time, paid Executive Director who has been in place at least one year. BANC focuses on nonprofits in the education, social services, health, arts and sustainability areas.

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How many hours a week is it? Where does BANC meet?

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There is a 1.5 hour orientation at Booth where you will learn about the BANC pilot and client. You will also meet your Project Leader, your team members and the Pilot Organizers, who will support you in your work.

There are two types of BANC Projects: Consulting and short-term. Consulting projects will have four to five volunteer consultants and will last approximately four to six months. Short-term projects will have two to three volunteers and last one to two months. For each type of project, volunteers are expected to contribute an average of two to four hours a week.

For the project, BANC meets wherever it is most convenient for the group. It can be on the phone, at Chicago Booth, at the client organization, in a private home, or at a Starbucks.

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What do Project Leaders do?

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Project Leaders manage the day-to-day activities of the project. They are the point of contact between the client and the Pilot Organizers. They also draft the Statement of Work and develop a timetable for the project with the Pilot Organizers.

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What will my responsibilities be?

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You will need to provide the services required of the project which may include: market research (computer research, developing questionnaires, in person or phone interviews), data analysis, writing up reports, creating presentations, presenting analysis to the client including MS Office tolls (Word, Excel, PowerPoint etc…) You will also need to be a team player and be willing to divide up tasks as evenly as possibly.

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Will I get paid for my time?

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No, this is volunteer work. All services performed are provided free of charge including transportation to and from client and team meetings or activities related to the project, all forms of communication (cell, phone, fax); computer and printing.

As a volunteer, some of your out-of-pocket expenses may be tax deductible. See IRS Publication 526 on Charitable Contributions and check with the IRS or an accountant for details.

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How do I sign up?

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Fill out the Volunteer Consultant Application and email it (BANC@chicagobooth.edu) or fax it (773-702-4494) to BANC. The Pilot Organizers will be in touch.

Engage Your Community