House Association Fundraising

GtownGirl98 · #1 08-27-2006, 05:59 PM

Thanks for the advise. We have no plans, just wondering how others have even started the bank rolls.

BadSquirrelBeta · #2 08-27-2006, 06:07 PM

Hi there...we are getting ready to kick something off for the HCB...not 100% sure what it will be yet, but we have the need identified and the target amts., etc., etc. Our first chapter house was a rental from the campus and then we had one built in the 60's (I think it was the 60's). Anyhoo...we need to do some renovations. It never ends

!! I will keep you updated and share what we are doing over email, etc.

EE-BO · #3 08-27-2006, 06:55 PM

While it may be early to start a fundraising, I would suggest you create a 10-20 year high level annual forecast of cash inflows and expenses. Create it such that you can enter in each year your expected number of members and have it all calculate automatically leaving you with an estimate of annual excess funds or deficiencies requiring alumni donations.

Then you can create another 10-20 year sheet with your project number of alumni based on the numbers of actives from the first sheet and year of graduation.

From there, estimate some goals for fundraising per alumnus per year- and you can at least get a vision of what your potential fundraising might be based on chapter size and growth.

I am working on something similar for my old chapter right now. PM me if you would like me to email you the Excel template once I am done with it. Then you just have to drop in numbers and all the data will calculate automatically.

AnchorAlumna · #4 08-28-2006, 01:28 AM

Hi Gtowngirl, I think you are very wise to begin planning and saving now. It takes a LOT of dollars to build a house, and you probably won't still be in school when it happens. But you've got to start somewhere, and the earlier the better. Probably the best thing is to simply set up a savings account that is strictly for a new house. As you build the account, you can purchase CDs with larger amounts. Your board will want to promote this fund ALL THE TIME to both the active membership and alumnae, because actives become alums, right? The money is there, too, when you have to make repairs or redecorate the current house. EE-BO has excellent suggestions for projections and plans. Maybe you've got some alums who are finance, banking or accounting people who can help plan - get them on your board. Good luck, girl!

SmartBlondeGPhB · #5 08-30-2006, 03:19 PM

Quote:

Originally Posted by GtownGirl98

Thanks for the advise. We have no plans, just wondering how others have even started the bank rolls.

Alpha Gam probably has a whole set of information on how to go about doing it.