Money Matter$: Building a Funders Collaborative. Planning is only as good as its implementation! ...
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Transcript of Money Matter$: Building a Funders Collaborative. Planning is only as good as its implementation! ...
Strive Conference,September, 2012
Money Matter$:
Building a Funders
Collaborative
Money Matter$
Planning is only as good as its implementation! Investing in plan
implementation is critical to success!
Without the resourcesyour projects may notsucceed.
Our goal is to share some strategies to help build your success.
Literacy Funders Network
The LFN is an affinity group of COF Our mission is to promote improved literacy We are a peer learning network of and for
foundations and provide webinars, annual symposium, coaching and information dissemination
Our network of funders all support local and statewide lifelong learning literacy coalitions
It’s Time to Start Blowing!!
1. Begin to Win strategies2. Sustain to Gain strategies
Begin to Win
With great demand for scarce resources we must:
Understand the funding landscapeDevelop a Funding AnalysisBuild a Funders CollaborationMaximize the
existing pieAll steer in the same
direction
What is a funders collaborative?
How to get startedFunders briefingsCollaborative structureCatalytic funding
Begin to Win
Seek organizational and programmatic support?
Leverage public and private resources
Infuse collective impact strategies
Develop relationships that are broader than just funding
Build a coordinated fund development plan
Creating Resource Collaboration
Sustain to Gain
Build your community dashboard with funders
Develop return on investment strategies
Create public/private partnershipsCoordinate with local government Encourage civic engagementMaintain relationships/partnershipsPractice the rule of the seven thank
you’sGive away ownership and credit as
often as possible
Funding Lessons Learned
Columbus, OHDallas, TXNew Haven, CTPractice the nine month rule!
Be Fearless
“Looking back we found we were most successful when we were fearless – when we explored and experimented – and the least successful when fear or caution became a dominant driver of decision-making.”
(The Case Foundation)
To be fearless means …
…setting audacious goals, acting urgently and boldly, being unafraid of risk, being willing to strike unlikely alliances, and accepting the possibility of failure while pressing forward.
It does not mean…
Reckless abandon, foolhardiness or arrogance, or presuming we have all the answers!
Be Respectful, Appreciative and
Aggressively Persistent
The Gulf Coast Funders Collaborative
Development of the collaborativeStructureResourcesEngagementFollow upSustainability activitiesLong term funding
The Trull Foundationestablished in 1948
Matagorda CountyPalacios, Texas (pop. 5,000)
Gail Purvis, Executive Director
Colorado, Wharton & Matagorda Counties
Average
70% Children on
Free and Reduced
Lunch
25% Children are
Below Poverty Level
Gulf Coast Foundations Collaborative Members• The George Foundation – Richmond• Gulf Coast Medical Foundation –
Wharton• M.G. & Lillie A. Johnson Foundation
–Victoria• Mary Louise Dobson Foundation –
Wharton• Matagorda Co. Community Fdn. –
Bay City• Stanzel Family Foundation –
Schulenburg• The Trull Foundation – Palacios• Conference of Southwest
Foundations
Gulf Coast Foundations CollaborativeSupport for Tri-County Coalition:
Support Individual 501c3 Organizations in Coalition
Foundation Membership on Coalition Board
Convening Meetings for Updates on Coalition‘s Progress/Needs
Coalition Executive Director Salary Support
i3 Innovations Federal Education Grant Matching Funds
PartnershipsAre Essential!FoundationsSchool Districts
United WayCounty/CityNon ProfitsMore…….
Thank You
ForYour Hard Workand
Caring!
What would you like funders to understand about your needs?
Questions?