Finance Highlights 2008 0729 - Laserfiche WebLink

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Where can the Board's performance be improved? The consensus here is that the Board needs new members with corporate and community connections so that fundraising activities will be more successful. Other items such as increased attendance at meetings and more involvement with projects were also mentioned. What other opinions about or suggestions for DSFRC would you like to share with us? Comments varied and included statements of concern for key position turnover and the ability of the Board to lead successful general and capital fundraising efforts. Recommendations: Based on feedback by and concerning Board members, we think it would be advisable to provide them with coaching or training in how to maximize fundraising results. The current professional expertise that frames this group's fundraising activities follows the philosophy that you can continue to tap into the same sources of funds without eroding results. It is true that within circles of affluent individuals, it is generally understood that people support each other's causes on an ongoing basis. However, in our professional experience, better results are achieved if there is a conscious effort to expand fundraising efforts by adding new sources for funds -such as other affluent groups of individuals or expanding into corporate arenas. We recommend that DSFRC train Board members in how to expand their list of contacts to include new individuals and organizations, how to enroll contributors as ongoing supporters, and techniques to make them more effective in getting donations. One significant donation came in after a tour of DSFRC. We recommend that a formal tour be designed for potential fundraisers (by appointment only). This tour could be offered to anyone that seems to be considering a donation but is not fully ready to commit. The Board could set up these tours for on-the-fence contributors and then ask for the donation. Funding Organizations Funding Organizations -Survey Results: Summary Funding organizations generally do their own audits and from this, and ongoing interactions, Davis Street stays aware of the quality of those relationships. To supplement this information, we contacted 7 major funding sources for DSFRC and requested their participation in our survey. Six organizations responded and their detailed responses can be found in Appendix F: Summary of Funding Organizations' Feedback. Please note that all of the funding organizations agreed to participate but only 6 of the 7 organizations contacted followed through. Sustainability Study: Davis Street Family Resource Center - 4/OS Page 23 of 96