- Develop an annual Fund Development Plan that addresses all programs, projects and services.
- Be familiar with industry standards for ethical fund raising (see Association of Fund Raising Professionals) and ensure that your employees, volunteers and consultants are both aware of and compliant with these principles.
- Establish an active Fund Advancement Committee to develop key strategies and cultivate resources needed for the organization.
- Visit the Maine Attorney General’s Charitable Trust Section web site and review the rules and regulations for charitable solicitation and licensure of fundraising professionals.
- Assure that all board members are clear on expectations for their individual financial support as well as the board’s role in supporting fund advancement strategies through personal solicitations and relationship building.
- When seeking new/expanded funding sources, include all related costs and research any limitations or exclusions (i.e., some funders limit expenditures for equipment or technology
expenses).
- Stay abreast of funding trends through regular reading and ongoing training. Subscribe to The Chronicle of Philanthropy and online journals like Philanthropy News Network Online or The Fundraising Well.
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