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Building a Power Board, Strategies for Success
 

Building a Power Board, Strategies for Success

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    Building a Power Board, Strategies for Success Building a Power Board, Strategies for Success Presentation Transcript

    • Good Afternoon! Building a POWER Board, Strategies for Financial Success!...
    • Your Board and Fundraising
      • Presented by
      • Rebecca Gordon
      • Director of Development
      • Missouri KidsFirst
      • elucidateormakeclear.blogspot.com
      • [email_address]
    • The First Step - You must build a POWER BOARD!
    • Great boards, once developed, actually remove burdens from management’s shoulders and inspire individual board members to increase their commitment.
    • More importantly…….Great Boards
      • Bring Expertise
      • Strategic Guidance
      • Financial Support
      • PASSION
    • Ensuring Leadership and Resources
      • The oft-quoted phrase “give, get, or get off” underscores the importance nonprofit organizations place on the fund-raising role of the board.
    • Ensuring Leadership and Resource
      • In 2002, McKinsey and Company interviewed all 100 organizations named as top performers by Worth Magazine in 2001.
      • All 100 nonprofit organizations had 100% board participation in giving and getting.
    • We want a new board …..where do we start?
    • Building a Power Board – Converting Desire to Reality
      • Converting the desire to build a high-performing board into a reality requires a combination of commitment and patience.
      • The board’s understanding and willingness to commit the time and work required is critical to the effort’s success.
      • Meeting the Challenge of reaching abused children.
      • “ A Growth Organization requires a strong board and strong executive leadership. A growth agency needs a board that leads the way in developing financial resources. A growth agency needs a board that oversees the financial performance of an organization and supports the executive staff’s efforts to manage for performance and accountability and build capacity”
      • Association of Fundraising Professionals – Keys to Successful Organizations.
    • Missouri KidsFirst Executive Power Board Advisory Committee Program Committee
    • Power Board
      • Key Functions
      • Resource Development
      • Strategic Leadership
      • 3. Governance/Oversight
      Power Board
    • Developing Financial Resources ( 50% of time and focus)
      • The Board sets measurable objectives for Board Members’ leadership giving and getting.
        • Members are asked to make ambitious leadership level gifts reflective of personal capacity.
        • Members are expected to identify, open doors to and advocate with potential donors.
        • Members work in concert with appropriate staff the thank donors.
    • Provide Strategic Leadership (25 % of time and focus)
      • The Board works to advance the agency’s vision and mission and plays a leadership role in the effort to develop and adhere to a long-term strategic plan.
      • The Board works collaboratively with the Program Board and organization staff.
    • Provide Governance and Oversight (25 % of time and focus)
      • Select motivate and evaluate top CEO/ED
      • Develop Board Performance Expectations
      • Ensure adherence to all legal, ethical and regulatory requirements.
      • Provide Financial Oversight
              • Review financial management policies and procedures
              • Review and approve the annual budget
              • Ensure an effective audit
              • Review Risk management policies and procedures
              • Review and plan for operating reserves.
    • Getting the right people on the board is essential. To build the required composition, the nominating committee will identify gaps in composition based on current institutional priorities.
    • Composition Grid
      • Fundraising
      • Program Expertise
      • Legal Skills
      • Financial Management
      • Marketing
      • Leadership Potential
      • Gender
      • Location
      • Race/Ethnicity
      • Time
      • Treasure
      • Talent
    • Four Final Elements to Consider
      • Make careful decisions on board size and structure.
      • Actively manage board composition
      • Inspired board and committee leadership
      • Simple administrative practices and processes ,made routine.
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    • We have our board...now what? Now how do we get them to raise money?
    • Remove Barriers...
      • Make a personal gift
      • Change the language.... it’s not about talking your friends out of money - its about giving your friends an opportunity to get involved in something important to you.
    • Board Roles in Fundraising
      • Make a personal financial gift
      • Strengthen relationships with current donors
      • Identify and introduce new prospects
      • Be an ambassador - spread the word
      • Ask for support
    • Questions?.......