ENDOWMENT FUNDRAISING for MUSEUMS. John Baguley CEO International Fundraising Consultancy www.ifc.tc. What is an Endowment?.
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ENDOWMENT FUNDRAISING for MUSEUMS
International Fundraising Consultancy
“Certain forms of NCOs, including public organizations, religious organizations, foundations and ANOs, may establish endowments (Article 2, Law on Endowments). An endowment can be established using funds given by a donor(s) to an NCO. Donations to the endowment can only be made in the form of money. The law requires that endowments be managed by a qualified management company under a contract with the NCO owner of the endowment. Income generated from an endowment can be used by an NCO to finance its statutory activities. The minimum term for establishing an endowment is ten years.“
Trust in Allah but tether your camel…
Staff or volunteers?
Fundraising is for everyone in your organisation
Research is far more important than we realise.
Cultivation and asking wealthy people.
Approaching foundations etc.
Asking governments and companies.
APPLYING TO FOUNDATIONS
Many people have become very rich.
Take the time for
3.Reaching the public.
4.Finding new rich donors and private foundations.
When certain of success
Events raise funds & publicity
1.Thank everyone properly & quickly.
2.Honour your commitments.
3.Fulfil naming opportunities.
4.Cultivate the relationship again
The Fundraising Pyramid
Do not underestimate legacies
YOUR BEST DONORS…
“I saw the angel in the marble and carved until I set him free.”