Presentation on theme: "Money Matter$: Building a Funders Collaborative. Planning is only as good as its implementation! Investing in plan implementation is critical to success!"— Presentation transcript:
Money Matter$: Building a Funders Collaborative
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.
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
1. Begin to Win strategies 2. Sustain to Gain strategies
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
How to get started Funders briefings Collaborative structure Catalytic funding
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
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
Columbus, OH Dallas, TX New Haven, CT Practice the nine month rule!
“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)
…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.
Reckless abandon, foolhardiness or arrogance, or presuming we have all the answers!
Development of the collaborative Structure Resources Engagement Follow up Sustainability activities Long term funding
Matagorda County Palacios, Texas (pop. 5,000) Gail Purvis, Executive Director
Colorado, Wharton & Matagorda Counties Average 70% Children on Free and Reduced Lunch 25% Children are Below Poverty Level
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
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
Partnerships Are Essential! Foundations School Districts United Way County/City Non Profits More…….