70 likes | 176 Views
CMLDP OC Donations Subcommittee. Presented to the NCMA Board of Directors March 24, 2012 By: Bill Daniel, Chair, Donations Subcommittee. Current Status. No established purpose for the fund No established process for receipt or disbursement of funds
E N D
CMLDP OC Donations Subcommittee • Presented to the NCMA Board of Directors • March 24, 2012 • By: Bill Daniel, Chair, Donations Subcommittee
Current Status • No established purpose for the fund • No established process for receipt or disbursement of funds • Currently funds are not segregated from the NCMA general fund • Funds are tracked via a balance • Deferred Education Revenue for the purposes of CMLDP • Fund currently contains $13,000 • All donations to date from NCMA chapters 2 2
Define Purpose of Fund • Proposed purposes: • Defray program participation costs • for students who do not have complete company or chapter support • Direct support of the program itself • Defray costs of supplemental program activities • e.g. outside speakers or team building activity • Defray costs of publicizing program and fund • e.g. publication of printed material or advertisement • Defray costs for program enhancements • e.g. certification of new trainer, NRE for new course development, creation of on-line resources 3 3
Not Included In the Purpose • At this time we would not propose using the fund for • Regular program costs and activities • Paying the added costs to increase the size of any particular cohort • Paying for CMLDP alumni relations or activities 4 2
Proposed Actions • Establish a separate bank account to contain funds • Establish procedures for requesting disbursement: • Suggest coordinating procedures with those for the distribution of other funds such as Chapter Grants • Procedures should cover requests both by applicants as well as current program participants • Procedures to allow committee to disburse funds on its own or perhaps by request from CMLDP Oversight committee • e.g. program promotion or enhancement costs • Procedures to allow disbursement via request from CMLDP program lead? 5 3
Proposed Actions • Establish committee to distribute the funds • Suggest 3 or 5 members • Need to establish how committee members are selected; • do they come from CMLDP Oversight committee? • are they independent of the Oversight committee? • how are they selected, by whom and what criteria? • Establish procedures for receipt of funds • Establish procedure and authority for release of funds • Establish record keeping requirements 7 5
Proposed Actions • Start campaign to promote contribution to fund • Establish criteria to award points in Graalman applications • e.g. donation of $500 or more one year gets one point; donation of $1,000 or more or for $500 or more for 2 consecutive years or more earns 2 points • Actual criteria and points to be determined by Graalman committee • Start campaign to increase awareness of fund • e.g. printed material, speaker at Mid-Year Conf, advertisement in CM Magazine, etc. • Would like to see corporate support of fund develop • Establish process for recognizing donors • E.g. recognition at Mid-Year, recognition in CM Magazine? 8 6