Financial Management under Lump Sum Gra - 香港.ppt

Financial Management under Lump Sum Grant:Challenges and Opportunities Mr. Ho Wai Chi Executive Director Sterling Foundation Various tools Strategic Planning Fundraising Foundation Grant Financial Management Difference between Strategic and Operational Planning Strategic vs Operational Planning Strategic decisions fundamental, directional and future-oriented long-term implications outline priorities to be achieved over the next several years Operational decisions day-to-day implementation of strategic decisions short-term outline the actions to be taken in the next year. Fundraising Some common misunderstanding fundraising = events Fundraising is a boring and painful proces Fundraising is expensive Money better spend on service Failure to raise fund in one particular event is unethical Fundraising is… Fundamentals of Fundraising How and Why People Give Fundraising Pyramid 4 Phases of Fundraising Another view Stages of Donor Development 8 steps in donor development Foundation Grant Growing trend to look for partnership Considerations A brief history and current operational status of the organization What are the apparent strengths (and weaknesses) What are the organization’s barriers to achieving the results of the grant being requested? 2. A review of the organization’s annual source and use of funds, particularly in the area in which the grant will be administered. What is its ability to stay in business? Are there adequate operating reserves and a budget process that works? 3 A list of any complaints about this organization. 4. A conversation with previous donors about their experience with the organization Were their expectations for the grant met? If not, why not? Do they plan to continue their support of the organization? 5. A review and assessment of the qualifications of the current leadership (board of directors, senior management, and personnel responsible for delivery of the services described in the grant request) What is the status of the curr