YBC Fundraising Consultancy – TOR
Youth Business Caribbean
Fundraising Consultancy
Terms of Reference
1. Introduction and Background
1.1 The Caribbean region has among the highest rates of youth unemployment in the world. According to the International Labour Organisation, in 2014, the average youth employment rate in Caribbean stood at 25%, almost twice the average for Latin America and the Caribbean as a whole (13%). In fact, Barbados (26.8%) and Jamaica (30.5%) are among the Caribbean countries with the highest unemployment figures.
1.2 As a result, youth unemployment has taken centre stage on the agendas of Caribbean governments, especially those in Barbados, Dominica, Jamaica and Trinidad and Tobago. Entrepreneurship has been flagged as an alternative means towards economic self-sufficiency for youth in the region.
1.3 Youth Business Caribbean (YBC) is a community of entrepreneurial support organisations empowering young persons to establish entrepreneurial businesses in the Caribbean. Since 2012, we have been working together to strengthen the ecosystem for young entrepreneurs in the Caribbean. YBC was launched as part of the Entrepreneurship Programme for the Eastern Caribbean (YEPEC) project funded by the USAID. The project has facilitated the development of local Youth Business Programs, building their capacity to create a stronger ecosystem for youth in the Caribbean.
1.4 The group of Youth Business Programmes (YBPs) in Anguilla, Barbados, Dominica, Jamaica, St. Lucia and Trinidad & Tobago are currently collaborating in the implementation of a fundraising strategy to improve the financial sustainability of the programmes.
2. Goals and objectives
2.1 To enhance the financial sustainability and impact of Youth Business Caribbean (YBC) and its local Youth Business Programmes (YBPs) by developing a comprehensive fundraising strategy, identifying strategic funding opportunities, and strengthening donor engagement strategies.
3. Deliverables
3.1. Develop a donor database or map existing databases to highlight a list of funding opportunities across the region. These funding opportunities includes corporate foundations, regional funding partners and international donor agencies.
3.2. Create frameworks for project proposals / grant applications for specific sources of funding based upon findings from the research phase.
3.3. Engage and confirm interest of potential donors for funding YBC members and/or projects.
3.4. A detailed report on YBC’s current engagement strategies and an analysis of YBC’s successful or unsuccessful donor engagement.
4. Qualifications and Experience
4.1. Minimum of five years of strategic development and fundraising experience (including
donor management, identification, and liaison; proposal writing)
4.2. Demonstrated success in preparing proposals and grant applications that have been approved for funding.
4.3. Sound knowledge of the current funding and business environment in the Caribbean and the donors that are presently funding projects here.
4.4. Familiarity with sources of funding for projects related to community work, entrepreneurial development, social and green businesses, waste management and social education.
4.5. Knowledge of fundraising cycles, proposal formats and application procedures for key donors.
4.6. The ideal candidate should be energetic, flexible and adaptable in their approach, be able to work individually or as a team and have excellent communication skills.
4.7. Have professional knowledge of English and language(s) of the region.
5. Duration of the Assignment
5.1. The deadline for applications is November 30, 2023. Reviews, interviews, and feedback to applicants will be conducted during December 2023.
5.2. Service period will be from January 2024 to March 2024
6. Location
6.1. We would prefer those candidates for this consultancy be based in the Caribbean region.
7. Remuneration
7.1. The total budget of the consultancy is valued at $3,000.00 USD.