Presentation on theme: "ENDOWMENT FUNDRAISING for MUSEUMS John Baguley CEO International Fundraising Consultancy www.ifc.tc."— Presentation transcript:
ENDOWMENT FUNDRAISING for MUSEUMS John Baguley CEO International Fundraising Consultancy
What is an Endowment?
“Certain forms of NCOs, including public organizations, religious organizations, foundations and ANOs, may establish endowments (Article 2, Law on Endowments). An endowment can be established using funds given by a donor(s) to an NCO. Donations to the endowment can only be made in the form of money. The law requires that endowments be managed by a qualified management company under a contract with the NCO owner of the endowment. Income generated from an endowment can be used by an NCO to finance its statutory activities. The minimum term for establishing an endowment is ten years.“
Trust in Allah but tether your camel…
Preparation Who will manage the fund? Inflation… How will the funds be used? Log-frame… Why is this important? Monitoring & evaluation…
Staff or volunteers?
Feasibility Study 1.Create a ‘case for support’. 2.Research the sources of funds. 3.Agree the strategy. 4.Appeal schedule. 5.Appeal staff.