maurine f. bailey cultural foundation
DESCRIPTION
Maurine F. Bailey Cultural Foundation. Foundation’s Purpose. Expand opportunities for at risk youths interested in pursuing higher education in Performing Arts and Math & Science - PowerPoint PPT PresentationTRANSCRIPT
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Foundation’s PurposeExpand opportunities for
at risk youths interested in pursuing higher education in Performing Arts and Math & Science
Create an environment conducive to the cultivation and expression of artistic talents/gifts possessed by under-served youths
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The best way out….
…is up!
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Impact GoalsAward 10 educational
scholarships to students of Performing Arts and Math & Science
Hold Annual Awards Banquet and realize revenue from the event.
Develop commitment from business community for financial support for multiple years. The purpose is to use the time to build a stronger organization.
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5-year Projection of Need Number of underserved
students expected to graduate in the arts bound for college
Cost of college education (public/private –instate)
Historical growth in this arena (operational cost and mission costs)
Where do we want to be in 5 years?
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The Philanthropic MindsetDonors support allows
recipients to:Live their valuesBuild a legacyChange the worldHelp others in ways
consistent with their values
Benefits for donorsOutputs (and outcomes
for long term donors)Partner with world-class
organizationsFiscal prudence
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Primary Audience
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Proposed StrategyBuild brand and
brand identification
Leverage premier brands
Community organization
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Proposed TacticsBuild diversified streams of income across
multiple economic sectors. This insolates against short term economic volatility
Manage administrative costs by optimizing the use of 3rd-party events.
Develop goodwill value for the Foundation and establish elements of income through it, i.e. CD sales of student music, competition entry fees and advertising etc.
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Elements of Case for SupportUrgency of the MFBCF
missionImpact of successful
programsValue proposition –how
the giver can accomplish their goals by supporting MFBCF
MFBCF can do what the giver cannot do alone -Partnership
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Short Term Goal
Recruit sponsor(s) for the awards dinner that will commit to 3 years of support.
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Long Term GoalsDemonstrate SuccessAcquire full time staffExpand reach - controlled growth
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Practical ConsiderationsWhat educational costs are the scholarships
intended to pay?
What are the scholastic and community requirements for eligibility?
How will recipients be tracked for the purposes of evaluation and fiscal oversight?
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4 Primary Perspectives
Organizations Consider as they
Plan
4 Primary Perspectives
Organizations Consider as they
Plan Organizational
CapacityAdapted from Balanced Score Card Institute
Operational Effectiveness
Financial Stewardship
Stakeholders
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How much money is out there?The total giving in US last years was $400B25 people in US gave $100M or more
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Trends in GivingTop Markets for fundraising?
DallasThe top priority among the largest donors in
America?
Higher Education and the arts
Combined expenses of the 10 largest charities
$10BCharity Navigator 2008
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The planning cycle?
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Mission Statement
To preserve the legacy of excellence of the celebrated music educator Maurine F.
Bailey, and to create, develop and sustain educational opportunities in the Arts and Sciences through scholarships, financial
assistance and advocacy.
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