|
Family Sports and Recreation Association is a non-profit organization that operates a hockey arena and swimming pool. The association is not a registered charity, but they have organized an associated Foundation that is a registered charity that can undertake fundraising on behalf of the Association. Rental of the facility, member fees and revenue from concessions cover the cost of operations, so the money the Foundation raises from a regular annual mailing to the membership, about $10,000 per year, goes towards a fund that provides hockey equipment for under-privileged children. Also, the Foundation has a relatively small endowment fund, $25,000, which was established when a long-time member of the Association died and left the Foundation some money in his will.
Although it is in a good financial situation, the Association is concerned that in the future, higher energy costs and periods of a poor economy, might affect the Association’s ability to keep the building in good repair. Therefore, the Association would like its Foundation to increase the size of its endowment, so that interest from the endowment could subsidize building operations if required in the future. They would like to increase the endowment fund to at least $200,000 in five years. Your job is to develop a plan to accomplish this goal, increase of the endowment fund.
Go back to the case studies page and use the feedback forms to test yourself on the application of the concepts you learned from this site. Find a case study similar to your situation and get our feedback on your fund development plan. |
 |
|