Financial sustainability plan & AI Training for Hospicio de San Jose
Description of project
The project was a pro-bono initiative by Aninver Development Partners to prepare a Financial Sustainability Plan for Hospicio de San Jose in Manila, Philippines. The goal was to empower the non-profit organization by strengthening its financial foundation and ensuring its long-term stability and growth.
The project focused on:
- Assessing the current financial situation of Hospicio de San Jose.
- Identifying new revenue streams and diversification strategies
- Developing donor engagement and fundraising strategies, including the creation of a subscription-based donation model
- Exploring grant opportunities and improving internal grant management and compliance capabilities.
- Integrating AI tools to optimize financial operations, fundraising, and decision-making.
- Building the organization's AI capacity through a dedicated training session.
The project also aligned with Aninver's Corporate Social Responsibility (CSR) strategy, aiming to create a meaningful social impact.
Services provided
The services delivered under this assignment encompassed a comprehensive approach to financial development, focusing on both technical and strategic aspects:
- Financial Review and Assessment:
- Detailed review of Hospicio de San Jose’s financial statements, income sources, expenditures, assets, and liabilities.
- Benchmarking performance against peer non-profit organizations.
- Strategic Revenue Diversification:
- Identification and evaluation of new funding sources (grants, donor programs, partnerships, fundraising events).
- Feasibility analysis for launching income-generating activities, such as social enterprises.
- Donor Engagement and Fundraising Strategy:
- Creation of a structured donor retention and acquisition plan.
- Leveraging digital fundraising platforms and methods.
- Subscription Program Development:
- Design of a recurring donation system with attractive donor benefits.
- Development of a marketing plan and integration of donor management automation tools.
- Grant Management Enhancement:
- Building capacities for grant writing and establishing a compliance tracking system.
- AI Tools Integration:
- Assessment and recommendation of AI-driven solutions for donor segmentation, financial operations, and predictive fundraising analytics.
- Evaluation of AI-based platforms suitable for non-profit financial management.
- AI Capacity Building Training:
- A virtual training session covering practical applications of AI for non-profit financial management and fundraising.
- Risk Analysis:
- Identification of operational, environmental, and construction-related risks (where applicable) and formulation of mitigation strategies.
Through these services, Aninver ensured that Hospicio de San Jose would not only address its immediate financial challenges but also strengthen its long-term sustainability and growth potential, enhancing its impact within the community it serves.
