Financial Development Plan Update

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Financial Development Plan Update

• Generating General Operating Support

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Where We Are Now
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Where Were Going
Where Were Going

• Goals for the next 3-to-5 years
• Financial Stability based on current program.
• Repay accumulated deficit 100,000/year.
• Growth to achieve organizations strategic goals.
  Need additional 250,000.
• Build toward a contingency reserve of 350,000.

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Key Concerns and Opportunities
Key Concerns and Opportunities

• Federation Funding
• Special Events income
• Major Gifts
• Patrons Circle
• Board Giving

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Federation Funding

• Financial Planning Assumptions
• Maintain current allocation
• Reinforce relationships with large and
  intermediate-sized Federations, both to minimize
  risk and maximize opportunities.

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Special Events

• Maintain three events
• JCAA New York
• JIA LA
• Purim/Humor Chicago
• Maximize programmatic and visibility benefits
• Decrease net financial expectations
• Outsource management.
• Accelerate planning cycle.

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Major Gifts and Patrons Circle

• Implement a strong major gifts program according
  to best practice guidelines, including securing
  commitments to a newly formed Presidents
  Council, as well as new and increased Patrons
  Circle commitments. Campbell Report

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Patrons Circle

• Local emphasis, building on efforts in New York,
  Chicago, Washington, San Francisco, Houston, and
  LA.
• Tie local activities to national programming.
• Personal cultivation and solicitation.
• Intensive Board and staff attention.
• Scaled donor benefits.

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Presidents Circle

• Gifts of 25,000 to support the work of the
  organization.
• Either unrestricted or budget-relieving
  restricted gifts.
• Major change of focus for staff and lay leaders,
  both for recruitment and stewardship.
• Start with Board leadership.

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Five-Year GoalMajor Gifts and Patrons
CircleNon-Board

• 4 _at_ 25,000 100,000
• 10_at_ 10,000 100,000
• 20_at_ 5,000 100,000
• 100_at_ 1,000 100,000
• 200_at_ 500 100,000
• 400_at_ 250 100,000
• Total 734 600,000

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Board Giving

• Minimum gift of 5,000.
• Expectation of 10,000 minimum for Executive
  Committee members.
• Provide leadership for Presidents Council of
  25,000.

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Board Giving History

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Five-Year GoalBoard Giving

• 12 _at_ 25,000 300,000
• 20 _at_ 10,000 200,000
• 30 _at_ 5,000 150,000
• 8 _at_ 5,000- 20,000
• Total 70 670,000

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Five-Year Targets

• Federations 700,000
• Board 670,000
• Events 150,000
• Patrons 450,000
• Earned 100,000
• Total 2,070,000

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2005-2010 Comparison