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Learn financial strategies to support alumni charter group operations, create vision, plan activities, and generate revenue. Be innovative, collaborate with vendors, and maximize alumni relations resources for successful events. Explore fundraising practices and engage with Rutgers University Foundation for scholarships.
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Alumni Leaders Conference September 11, 2009 Topic 5: Fiscal Fitness – Life After Dues Presenter: Carlos Dequina NCAS’89 Rutgers Club of San Diego
Funding Alumni Charter Group Operations • Create vision • Communicate and get feedback from your members • Plan activities that support the vision • Be creative, innovative, entrepreneurial, FUN! • Prepare a budget • Anticipate Revenues vs. Expenses • Based on your goals, identify financial needs of the organization • Determine events best suited for achieving goals, generating revenue • Be self supporting
Revenue-Generating Practices • Charge Event Fees • e.g. Dinner-Dance • Self-sustaining • Reasonable, will not curtail participation • Charging Program or Participation Fees • Rutgers Alumni Crew Club in Camden • Collaborate with Local Vendors • for merchandise, event space, group discounts • Others?
Save Money - Use Alumni Relations Resources • Communicate using high-quality Rutgers design templates and save on design costs (e.g. event invitations, newsletter templates, etc.) • Send e-mail blasts through the Communications office of the Department of Alumni Relations • Blog online at Ralumni.com • Promote using Rutgers merchandise for decoration and giveaways
Sample Budget • Template budget and other resources are available at www.Ralumni.com/tools. Baseball Stadium Night Revenues ($20pp X 50) = $1000 Cost ($15pp X 50) = $750 Add-on Revenue = $100 Net Income: $350
Encouraged Fundraising Practices • Solicit funds for scholarships • Promote scholarship impact often • With Rutgers University Foundation • Host Fundraising Events in cooperation with Rutgers University Foundation • Ensures donor credit and documents tax deductibility • e.g. golf outing, dinner, 5K – “Percentage of proceeds will be donated to scholarship…”
Contact Information: Carlos Dequina NCAS’89 Rutgers Club of San Diego Phone: 619-788-8995 Email: Carlosdequina@alumni.rutgers.edu Questions? Thank you!