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Strategic Fundraising Plan for New Center Development and Expansion

The Long-Term Planning Committee outlines a comprehensive fundraising strategy to secure $250,000 by December 2011 for a new center. With current pledges of $40,000 and cash on hand of $250,000, we have a solid foundation to explore our options. The plan includes target pledges from devotees, rental considerations, and potential growth opportunities. Our goal is to energize the community, ensuring the financial health and expansion potential of the center while acknowledging the essential spirit behind our mission, as highlighted by Paramahansa Yogananda.

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Strategic Fundraising Plan for New Center Development and Expansion

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  1. Long Term Planning Committee Strategy 2011 Energizing Our New Center Fund Raising Campaign

  2. DFW SRF Center Status Balance of $25,000 Pledges of $15,000 Total = $40,000 With $250,000 cash on hand We can start seriously looking for a new place to buy

  3. We need to have an action plan Our options

  4. 5 years at this rate To have $250,000 1. $50,000 By Dec 2011 2. $100,000 By Dec 2011 2.5 years at this rate To have $250,000 6 months To have $250,000 $250,000 By Dec 2011 3.

  5. If Option #2 2.5 years at this rate To have $250,000 $100,000 By Dec 2011 $25,000 Bank $15,000 Pledges $60,000 New $100,000 By Dec 2011

  6. 20 Devotees $60,000 This year 20 Devotees $60,000 This year 20 Devotees 15 Devotees $60,000 This year 25 Devotees 10 Devotees …Then 2. $100,000 By Dec 2011 2 .5 years to have $250,000 How can we reach that goal? WE NEED $60,000 MORE TO GET $100,000 By DEC 2011 $428 per mth $ 3,000 ea $40,000 This year $ 2,000 ea $286 per mth $20,000 This year $143 per mth $ 1,000 ea $30,000 This year $287 per mth $ 2,000 ea $25,000 This year $ 1,000 ea $142 per mth $5,000 This year $72 per mth $ 500 ea

  7. Rent a new place In this case we would have to devote additional funds for renting the new place. 1 5 years at this rate To have $250,000 2 2.5 years at this rate To have $250,000 Rent the current place In this case we are going to limit the group’s growth and also the attendance of all the devotees. 3 6 months To have $250,000

  8. It’s our Choice • Current chapel does not lend for expansion • Rent remains the same • Fewer devotees involved means less financial resources • Possibly bigger group • Possibly higher rent • Possibly more cash flow • Rent with option to buy = $250,000 in bank.

  9. REBEMBER … TAKE THE LETTER AND THE FORM

  10. “God is the Honey, organizations are the hives: both are necessary. Any form is useless, of course, without the spirit, but why should you not start busy hives full of the spiritual nectar?” Paramahansa Yogananda

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