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How to Build a Fund-Raising Board To Bolster Your Endowment

How to Build a Fund-Raising Board To Bolster Your Endowment. Endowing the Future. What do good Boards do?. Role of a Board Member. Articulates the vision and mission of organization Advocates for the organization Augments organizational efforts in networking and building visibility

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How to Build a Fund-Raising Board To Bolster Your Endowment

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  1. How to Build a Fund-Raising Board To Bolster Your Endowment Endowing the Future

  2. What do good Boards do?

  3. Role of a Board Member • Articulates the vision and mission of organization • Advocates for the organization • Augments organizational efforts in networking and building visibility • Assists in opening doors to fund-raising

  4. Individuals and Giving • Individuals make up 83.5% of all gifts to charitable organizations…

  5. More to do… • Colorado is 43rd in the nation in giving as a percentage of income • Coloradans earn 7% more but give 8% less than in other states • Colorado is the least generous state of all states west of the Mississippi

  6. What is on the table? 477

  7. If we gave more, what would happen?

  8. Two Good Board Members • Mary Poppins • Molly Brown

  9. Boards and the 477 Fund-raising is not a right . .. it’s a privilege. Henry Rosso

  10. Types of Boards • Governing Boards • What • Who • Purpose • Governing and Fund-raising Boards • What • Who • Purpose

  11. Building the Fund-raising Board • Identifying board strengths • Recruiting for fund-raising • Developing fund-raising board roles • Expectations of board members • Converting the board, going from what was to what is

  12. Tips and Next Steps • Check your board orientation materials • Check you board recruitment processes • If you don’t have one, develop a board assessment check list

  13. How to set up a giving practice… • All members of the board make an annual contribution that is meaningful for them • The organization is one of their top three giving priorities • This direct contribution is in addition to support of any special event or gift in-kind • Develop a policy that spells out the expectations and share this requirement up-front in all recruiting efforts. • Describe different types of giving, annual, endowments

  14. Tips and Next Steps • Bring a fund-raising expert to your next board meeting • Tie your conversations of endowments and reserves to your financial component of the board meeting agenda • Create an auxiliary fund-raising committee of your board that is comprised of former board member

  15. Do Sing the vision Shout the mission Sell the organization Prospect for donors Build relationships Work with staff Don’t Ignore how important this is for boards Assume that the staff will do this Forget how much board members need to hear this message Finally…

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