Financial Development Committee
What is a (Libertarian) "Financial Development Committee"?
Also known as a "Fundraising Committee", it is a group of volunteers who organize funding to support the parent organization. These comittees schedule and coordinate the Party's annual fundraising and social events.
To lead the board in efforts that attract money and services needed to carry out the mission of the organization. This committee may be divided into sub-committees that work together to achieve this goal.
â€¢ Work with the state committee to define the short-term and long-term funding needs of the state Party.
â€¢ Plan funding activities for the full state committee.
â€¢ Review the funding plan to ensure progress toward annual and long-range funding goals; encourage realistic expectations and projections.
â€¢ Contribute financial support and encourage others to do so.
â€¢ Identify and recruit outstanding individuals to serve with state committee members on the fundraising committees.
â€¢ Provide information and educational material to the state committee on the techniques of planned giving, marketing, seeking grants, and soliciting corporations and individuals.
â€¢ Encourage the participation of the state committee in fundraising.
â€¢ Closely work with staff and state committee members to identify and solicit funds from both internal and external sources of support.
The Fundraising Committee's job is not simply to raise money. Instead, the Fundraising Committee is responsible for overseeing the organization's overall fundraising and, in particular, the fundraising done by the board. To accomplish this, its responsibilities are:
To work with staff to establish a fundraising plan that incorporates a series of appropriate vehicles, such as special events, direct mail, product sales, etc. To work with fundraising staff in their efforts to raise money To take the lead in certain types of outreach efforts, such as chairing a dinner/dance committee or hosting fundraising parties, etc. To be responsible for involvement of all board members in fundraising, such as having board members make telephone calls to ask for support, and To monitor fundraising efforts to be sure that ethical practices are in place, that donors are acknowledged appropriately, and that fundraising efforts are cost-effective.