16
2013The Ten Requisites for Conducting a Capital Campaign
A Posting by James V. Toscano Capital Campaigns, which, for purposes here, include endowment as well, used to be a once-in-a-lifetime event. One could expect one’s religious institution, alma mater, cultural center and favorite charity to solicit a capital donation once. Now, there’s a certain circularity cycling capital campaigns every x years. An institution of higher education near to my home has just gone over its $500M goal and is celebrating. It is simultaneously planning its next campaign, perhaps in five to seven years.
11
2011
Budgets are Lousy Financial Plans
Reposted from The Nonprofit Assistance Fund’s Blog Post by Kate Barr A large percentage of nonprofits view their strategic plan as an essential part of managing the organization. The process of developing a strategic plan clarifies the purpose of the organization in a mission statement, and gets the staff and board on the same page by setting goals and priorities. The most commonly used tool for financial planning, on the other hand, is the annual budget. For many nonprofits, the financial goal represented by the budget boils down to this: “we hope we can raise enough money to pay for programs…