In this episode, the Blueprint for Development series is on it's third installment. Tara and Sarah are back with Annual Funds, also known as an operating budget or director's fund. How can you create a new or sustainable development program that doesn't depend solely on that one event or those 1-2 major donors? Tara and Sarah give some great starting tips on making that change from dependence to sustainable.
If you missed the first two episodes in this series, you can find them here:
Tara and Sarah are back in this third installment of the "Blueprint for Development" series, discussing Annual Funds, aka operating budget or director's fund.
This is your general operating funds that come in from donations. Funds that you can generally count on as part of your general budget.
Due to 2020, there's a need to look more critically at annual funds. Parishes especially have been hit hard. Parishioners who give during the church service haven't been in attendance due to closures, so they aren't giving to the Sunday collections.
Galas are in person events that raise the funds for the year. However, not being able to have those events, has contributed to a decline in funds.
Virtual events have helped, but how sustainable are those over the years?
Where are our revenue streams coming from beyond weekly collections?
How do we diversify our streams of income? How do we funnel new donors into our streams?
What would a New or Sustainable Development Program look like?
Matching Challenges and Wish-lists
A beneficial way of diversifying from your annual fundraiser, to year round giving.
Create the donor experience that you would want to have.
Sarah's Main Take-Away:
When you are starting out, the biggest thing to know about an annual fund is creating a strategy. What is the plan. Intentionally creating different events, appeals that are targeting throughout the year.
Tara's Main Take-Away:
When we leave things up to chance, we usually don't have such success. But when we are intentional, we have an answer.
If you have questions for Petrus, email us at [email protected]. We’d love to chat.
And as always, we hope you have a great day today, God bless you and God bless your work.
"In a conference, what I'm really looking for is the practical TOOLS on how to do your job well and the MOTIVATION to go out and be ready to get back to work. I've gotten both of those things from Petrus. I'm really excited to get back home and HUSTLE and really put my all into it."