Development September 5, 2014 Ed Horner
Who are the Development staff at MIC? Sally Braybrooks Michael Hertelendy Senior Development Officer Development Associate (847) 448-8307 (part time) sbraybrooks@musicinst.org (847) 448-8313 Staff member since Sept. 2011 mhertelendy@musicinst.org Staff member since Aug. 2010 Elyse Fineman Ed Horner Senior Development Officer Executive Vice President (847) 448-8327 (847) 448-8323 efineman@musicinst.org ehorner@musicinst.org Staff member since Dec. 2007 Staff member since Aug. 2008
What are Development ’s responsibilities? Identify Research, Qualify, MIC Board approves annual fundraising budget Match Interests – Strategies personal solicitations, write grants, staff Trustees Cultivate Solicit and MIC President to cultivate and solicit donors Plan and execute a range of donor events Donor small house concerts to large Gala event Relationship Cycle Provide stewardship for all donors Acknowledge Steward & thank Serve as ambassadors and “brokers” for MIC Strengthen relationship Restricted Gifts Development are assigned to Staff Work specific areas Donations are Budget is set by Unrestricted Gift dollars Received Board of Trustees are directed by: President, CFO and Dean
Where do contribution dollars go? All contributions raised are to support budget-relieving activities. Academy ArtsLink 6% 5% ITA 2013/2014 3% Unrestricted $ 1,660,533 Nichols Concert Hall Restricted: 1% $ Academy 117,600 Arts Link $ 97,000 ITA $ 61,100 Unrestricted Nichols Concert Hall $ 28,025 85% TOTAL $ 1,964,258 The majority of unrestricted fundraising revenue is utilized to support operating and administrative costs associated with the Community Music School and, to a lesser extent, the annual Performance Series at Nichols 2013 /2014 Concert Hall. Budget $ 1,802,300 Actual $$ raised $ 1,964,258 Surplus $ + 161,958 The Academy, Arts Link and ITA programs were all self-sustaining, with each posting an operating surplus for the fiscal year 2013-14.
The Academy ~ 2013/2014 Revenue Endowment 9% Paid Tuition 274,989 $ Contributions 117,600 $ Endowment Income 40,675 $ Paid Tuition Contributions Total Revenue 64% $ 434,264 27% Total Expenses $ 413,974 Net Operating Surplus: $ 20,290
How are donations raised? Gifts less than $1,500 2% 2013/2014 Gala $ 1,122,454 Patron Society $ 529,491 Grants $ 273,451 Patron Society Gifts < $1,500** $ 38,862 27% Gala TOTAL $ 1,964,258 57% **Gifts < $1,500: 306 donors Grants 14%
Who gives money to MIC? 2013/2014 Individuals $ 1,443,571 Corporations, Corporations, Foundations $ 520,687 Foundations, & Government Government TOTAL $ 1,964,258 27% Individuals 73%
Fundraising is a Team Sport! The Development staff are all strong advocates and ambassadors of the Music Institute of Chicago Fundraising dollars enrich, support and strengthen MIC Development staff are successful at fundraising because they collaborate with: Trustees, Staff, Current MIC Families, Adult Students, Current Donors and Faculty to identify and cultivate supporters of the Music Institute of Chicago Please contact us if you have ideas for possible donors, fundraising ideas or if you have any questions We can achieve even more if we work together!
Recommend
More recommend
