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Money Matter$: Building a Funders Collaborative.  Planning is only as good as its implementation!  Investing in plan implementation is critical to success!

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Presentation on theme: "Money Matter$: Building a Funders Collaborative.  Planning is only as good as its implementation!  Investing in plan implementation is critical to success!"— Presentation transcript:

1 Money Matter$: Building a Funders Collaborative

2  Planning is only as good as its implementation!  Investing in plan implementation is critical to success!  Without the resources your projects may not succeed.  Our goal is to share some strategies to help build your success.

3  The LFN is an affinity group of COF  Our mission is to promote improved literacy  We are a peer learning network of and for foundations and provide webinars, annual symposium, coaching and information dissemination  Our network of funders all support local and statewide lifelong learning literacy coalitions

4 1. Begin to Win strategies 2. Sustain to Gain strategies

5 With great demand for scarce resources we must:  Understand the funding landscape  Develop a Funding Analysis  Build a Funders Collaboration  Maximize the existing pie  All steer in the same direction

6  How to get started  Funders briefings  Collaborative structure  Catalytic funding

7  Seek organizational and programmatic support?  Leverage public and private resources  Infuse collective impact strategies  Develop relationships that are broader than just funding  Build a coordinated fund development plan

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9  Build your community dashboard with funders  Develop return on investment strategies  Create public/private partnerships  Coordinate with local government  Encourage civic engagement  Maintain relationships/partnerships  Practice the rule of the seven thank you’s  Give away ownership and credit as often as possible

10  Columbus, OH  Dallas, TX  New Haven, CT Practice the nine month rule!

11 “Looking back we found we were most successful when we were fearless – when we explored and experimented – and the least successful when fear or caution became a dominant driver of decision- making.” (The Case Foundation)

12  …setting audacious goals, acting urgently and boldly, being unafraid of risk, being willing to strike unlikely alliances, and accepting the possibility of failure while pressing forward.

13  Reckless abandon, foolhardiness or arrogance, or presuming we have all the answers!

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15  Development of the collaborative  Structure  Resources  Engagement  Follow up  Sustainability activities  Long term funding

16 Matagorda County Palacios, Texas (pop. 5,000) Gail Purvis, Executive Director

17 Colorado, Wharton & Matagorda Counties Average 70% Children on Free and Reduced Lunch 25% Children are Below Poverty Level

18 The George Foundation – Richmond Gulf Coast Medical Foundation – Wharton M.G. & Lillie A. Johnson Foundation – Victoria Mary Louise Dobson Foundation – Wharton Matagorda Co. Community Fdn. – Bay City Stanzel Family Foundation – Schulenburg The Trull Foundation – Palacios Conference of Southwest Foundations

19  Support Individual 501c3 Organizations in Coalition  Foundation Membership on Coalition Board  Convening Meetings for Updates on Coalition‘s Progress/Needs  Coalition Executive Director Salary Support  i3 Innovations Federal Education Grant Matching Funds

20 Partnerships Are Essential!  Foundations  School Districts  United Way  County/City  Non Profits  More…….

21 Thank You For Your Hard Work and Caring!

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