Home / Publications / What's New Archive /

What's New

Tips and Traps of Project Funding and Fundraising Initiatives
Planning for Financial Sustainability Part 2

April 5, 2005

Many organizations find that they need to offset core funding shortfalls by securing other sources of money. Although there are perceived riches through project grants or private donors, some organizations find out the hard way that there are no guarantees -- and in the worst-case scenario, have in fact worsened their financial position by investing in risky fund development initiatives. This one-day workshop will outline -- on a step bystep basis -- the questions you should answer before committing to any initiative that requires project funding or private sector financial support. Just as each organization is unique in serving its own constituents, no one approach will solve all of your problems. However, by learning how to perform a critical analysis of your current situation and your immediate and long-term needs, you will both increase your chances of reaching your targets and reduce the amount of time and money spent on achieving these goals.

REGISTRATION
Workshop flyer [ PDF - 73kb ] or contact Rebecca Desa Gunness at the OMA.

Structure of a Successful Fundraising Strategy
Identifying Key Characteristics of Various Donors
Resource Requirements
Choosing your Fundraising Strategy
Planning
Implementation
Measuring Success and Retooling
Goal Alignment
Restricted Funding
Local Businesses, Individuals, Corporations
Communication
Private or Public Foundations
Special Event Revenues
HR Allocations Strategies
And more!

Workshop Leader

Michael Herrera, C.A. Consultant
Michael has been working and volunteering with not-for-profit organizations since 1993, helping them balance their bottom line while remaining true to their vision. Service organizations, such as Orchestras Canada, Community Arts Ontario and the Ontario Museum Association, have engaged Michael to develop templates and tools for their members, which assist them with operating more efficiently and effectively. Clients like the West Parry Sound District Museum have been able to double attendance from one season to the next based on the implementation of a new, innovative operational plan. As a chartered accountant with Ernst & Young, Michael developed his niche in the not-for-profit sector, working with such organizations as the George R. Gardiner Museum of Ceramic Art, the Canadian Opera Company and the University of Toronto. Michael also gained valuable operational experience leading the finance departments at the National Ballet of Canada and the YMCA of Greater Toronto.

Who should attend?

Staff:
General Managers, Executive Directors, Project/Program Managers, Department Heads, Revenue Development Staff

Volunteers:
Board Chairpersons, Treasurers, Finance Committee Members, Board Members

2005 Schedule

Mon., April 25	Toronto -- Textile Museum of Canada
Wed., May 11	Ottawa -- Richelieu-Vanier Centre 300 Des Pères Blancs Avenue, Vanier, ON K1L 7L5
Fri., June 17	Thunder Bay -- Thunder Bay Art Gallery
Mon., June 20	Elliot Lake -- Elliot Lake Nuclear and Mining Museum

The Ontario Museum Association gratefully acknowledges the financial contribution of the Department of Canadian Heritage - Canadian Arts and Heritage Sustainability Program for this project.

COST

	OMA Members $80.00 + $5.60 GST = $85.60
	Non Members $90.00 + $6.30 GST = $96.30

Lunch is not included with the program.

TRAVEL BURSARY
Consider applying for a Canadian Museums Association
Travel Bursary. www.museums.ca/Cma1/ProgramsProjects/Bursary/travel.htm tel.: 613-567-0099