WINGS WINGS


Organizational Sustainability



SECTION 4 TRANSPARENT AND SUSTAINABLE FINANCIAL SYSTEM

TO KNOW MORE….

The following sites provide valuable information on developing an accountable and sustainable financial system.

Developing a Viable Financial Management System: Some Resources

http://www.ngopulse.org/project-and-financial-management

http://www.ngopulse.org/resource-centre/ngo-management-toolkit

http://www.akdn.org/akf_resource_mobilisation.asp

http://www.undg.org/toolkit/toolkit.cfm?section_id=1&topid2=on&topid=2

WHAT YOUR PEERS PLAN

The following plans show the range of activities you can do in developing an accountable and sustainable financial system.

ASIFERO plans to address financial viability include: a) reduce to a minimum our premises costs so that all our resources could go in providing services to our members; b) allow all the member to access the information they needs without coming to Milan and therefore reducing traveling and therefore saving money and time; and c) Reinforce the network among members.

Arab Federation of Foundations believes that a five-year plan can be achieved only if it has a fund-raising plan. Thus it hopes to prepare a fund-raising plan based on specific activities and needs, submit grant proposals based on these needs, and organize a meeting on resource mobilization and sustainability for its board and members. Local resource persons will be tapped.

Kenya Community Development Foundations intends to grow its investment by USD1.5M and generate net investment earnings of $500,000 per year for operational and grant-making purposes. Thus, it will review and understand funding areas for each invited donor to a roundtable, prepare short but powerful case studies of its current work with communities, identify stories that resonate with young people, and establish practical ways for individual giving targeting the youth.

The Federation of Polish Community Foundations seeks to increase the number of Polish Community Foundations and support their activities and plans to find a strategic sponsor for the Federation. Thus it will: identify five financial institutions, choose a person who would speak with them, prepare promotional materials for them, and create a committee that would choose the strategic sponsor.

East Africa Association of Grantmakers intends to involve the Board more deeply in addressing financial sustainability and therefore intends to assist them focus on resource mobilization. It also intends to generate a percentage of its operating expenses from registration fees to events.

Staffordshire intends to charge fees for services.

Thailand Local Dev Institute proposes the following steps in working with the corporate sector:

  1. Send/ Propose proposal to 2 companies
  2. Make an appointment with CEO of companies
  3. Sell your ideas/ organization
  4. Develop partnership agreement
  5. Implement the work
  6. Report to Boards and the companies regularly
  7. Invite CEO of company to field visit
  8. Annual meeting of all members

In order to develop and sustain Arab Foundation Forum, the following funding ideas are being considered: a) Develop a Five-Year Strategic Funding Plan with the aim to secure the financial sustainability of the forum; b) Commission a consultant to locate funding sources, explore new income channels and give guidance on how to implement the strategy; c) Raise the yearly membership fees from USD 1000 to USD 3.000; members are welcome to make special donations or to fund special activities; d) AFF activities cost a fee (AFF members pay less); and e) All AFF members are encouraged to help extend the AFF membership base.

The Local Development Institute is planning to tap the corporate sector to sustain its capacity building program.

The John D. Eberhart Center for Philanthropy and Civic Engagement believes that the corporate sector can be engaged more effectively in its sustainability capacity building program and therefore seeks to identify their needs and sell its services to them and thereby raise more funds. ASS