Creating a Budget and Fund Development Plan

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Throughout the course, you have been exploring fund development and financial planning strategies to maintain high quality programs for young children and their families. With the Unit 9 Assignment, you will have the opportunity to fit those strategies into a developmental plan with specific objectives, action steps, assignments, and timelines for an early childhood organization you would like to be an administrator of. According to Bergman (2010), the purpose of a fund development plan is “to realize your organization’s dreams of enough money to buy new equipment, remodel your space, launch a new professional development venture, hire additional staff, provide annual staff raises, serve more children, build a new facility, create a reserve fund, operate in the black each year, or any combination of these” (p. 16).

Creating a Budget and Fund Development Plan

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Having a well thought out fund development plan will assure your stakeholders that your organization has a plan in place to keep it from operating in disaster mode when major sources of revenue may change or new regulations create unforeseen expenses. For this final assignment you will write a 5-7 page descriptive essay that details the budget and fund development plan you would create for the early childhood organization you selected. It should have a clear and sustained viewpoint and be written using Standard American English.

Creating a Budget and Fund Development Plan

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The plan should include the following sections and address all questions listed:
1. Description of Organization
1. What type of organization are you creating a budget and seeking funding for?
2. Describe the program and the ages served.
2. The Budget: Expenses, Revenues, & Additional Funding Needs
1. What are your major sources of expense?
2. What are your major sources of revenue?
3. Include the budget you developed and revised in Units 1 & 2 Discussion Boards. Based on the annual budget you developed, what additional financial needs does your organization have?
3. Additional Funding Sources
1. From whom will you be requesting money?
2. List the foundations, corporations, and civic groups you expect to ask along with the type of individuals you will be asking. See Chapter 2 of the Bergman (2005) text.
3. How will you seek new funds—through grants, annual letter-writing campaign, specials events, memberships, and/or marketing techniques?
4. Timeline for Requesting Money
1. When will you be asking for money? Foundation requests must be submitted according to the schedules established by the foundation. Some have specific deadlines and, others accept proposals year round. Deadlines for government grant applications are generally from four to six weeks after the availability of funding is announced.

Creating a Budget and Fund Development Plan

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2. Although requests to individuals and corporations can be scheduled at almost any time, there are certain times that seem most appropriate for early childhood programs—these are discussed in Chapter 3.
3. Prioritize your timeline and fundraising requests. Provide a rationale for the prioritization.
5. Asking for Funds
1. Who will be doing the asking?
2. Do you have a board committee charged with fundraising?
3. Will they need training or coaching?
4. Who will do that and when will it occur?
6. Preparing Needed Materials
1. What materials will you need?
2. Who will prepare them?
3. When will the materials be prepared?
4. Chapter 8 describes some of the materials that you will want to develop.
7. Alignment with Program Philosophy, Vision, Mission, and Goals
1. How does the Fund Development Plan you created align with your organization’s philosophy, vision, mission, and goals?
8. References and Writing Mechanics
1. The 5-7 page, double spaced, descriptive essay should have a clear and sustained viewpoint and be written using Standard American English. The essay should be written using standard paragraph structure and 12-point Times New Roman font. It should also follow all other APA formatting and citation guidelines and include separate title and references pages.
2. Include the links for at least three of your additional funding sources along with a minimum of three scholarly references

Creating a Budget and Fund Development Plan

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The answers to each of these questions build the plan. Your plan should show every fundraising activity (special events, year-end appeal, newsletter inserts, foundation proposals, etc.), the target amount from each activity, the prospects for each (specific corporations, foundations, donor groups, etc.), a timeline for each activity, and who will be involved (Bergman, 2010, p. 16-17).

By admin in Essays on August 7, 2017