Board Meeting March 14, 2012

DESIRED OUTCOMES : Fulfillment of our fiduciary responsibility as a nonprofit board A shared understanding of current CFGV activities and financial status A shared understanding of the power CFGV’s fundraising software, Raiser’s Edge

ED Report highlights Gail Digate will be in touch with each of you to request any new names you would like to add to our “consideration” list for future Board members and Advisors. If your term is up in 2012 and you won’t be serving another term, be part of the process to find your replacement!

The whole section under Fundraising is important – some figures will be added to the strategic plan, some are internal goals – all have been vetted by the ExDev committee. ED report, Con’t

ED report con’t 2011 Fall letter Follow through 148 thank you calls assigned 95 were completed (64%) 8 are pending If you’ve made calls and haven’t told Cindy – let her know and let’s get that completion stat up!

ED report concluded: Grant guidelines are being re-written to make the process easier for applicants and staff. Review committee will still have work to do: "The foundation typically doesn't resort to rock- paper-scissors for grant awards.“ Copyright 2009 Chronicle of Philanthropy, Bruce Litzler

With internal operating costs estimated at about $160,000, here’s what it would take: $48,000 $15,000 $10,000 $5,000 $3,000 $2,500 $1,000 Less than $1,000 (wide range of amounts)

Goal Approximately $160,000 Verbal/Written Verified Pledges & Fees: $128,520 or 80% of Goal (3/12/2012) v $48,000 $15,000 $10,000 $5,000 $3,000 $2,500 $1,000 less than $1,000 $5,000 $2,500 $1,000 less than $1,000

Wells Fargo Growth Account Wells Fargo Income Account

INVESTMENT COMMITTEE Investment manager review: Growth account since inception outperformed benchmark w/40% less volatility Income account since inception has matched Fixed Income benchmark TR, outperformed S&P 500 and provides a higher current yield. We expect to underperform indexes in rising markets, cost of lower volatility. Receive excellent service from the investment manager – available, disciplined approach, helps keep policy current. Recommend keeping Manager

INVESTMENT COMMITTEE Uninsured deposits at GB&T ($106,253 over FDIC limit) Options: Move to non-interest bearing account at GB&T Move excess deposits to another institution Leave Funds at GB&T

INVESTMENT COMMITTEE Considerations re: GB&T deposits Administrative simplicity Well capitalized ratios Above market returns Investment committee consensus is option 3 (leave funds at GB&T) and defers to board.

DEVELOPMENT 2011 Annual appeal: 148 TY calls assigned 95 were completed – 64% 8 are pending – the rest either didn’t happen at all or we haven’t been informed. Remember – if a donor receives a TY call, they are more likely to give again!

DEVELOPMENT - GRANTS Budget: Give: $55,000 Have: $37,000 Believe we can raise $50,000 That lets us reach the strategic plan goal for giving; and if we don’t have grants that merit that much, we will have $$ for the Grants Endowment

DEVELOPMENT – 2012 FALL ANNUAL APPEAL 2011: Total of 65,000 raised (included $5000 that came in after December 31 st ) Suggest that with our even more targeted approach this year, our trip to Texas and OK in the fall, we have $75,000 as a goal for before December 31st

DEVELOPMENT – IN ADDITION We have identified a dozen major donor prospects (who are already our donors) we feel can be cultivated to higher levels. And we have another 25 we believe can be first time donors with Board. We’ll be calling on the Board for help with this effort! WE CAN DO THIS!

DEVELOPMENT – AND YET MORE Tim, Fred Berry, Don and Pam are working to bring in the 3 new donor advised funds called for in the strategic plan. Everyone can help with this... Identify the right folks and bring them into the fold!

QUOTE TO PONDER If you would persuade, you must appeal to interest, rather than the intellect. –Benjamin Franklin DEVELOPMENT IMPLICATIONS... As we meet with our donors, LISTEN.