Please read the memo and click I Accept to access the FundWeb log in.

MEMO

TO: Advisory Committee Members
FROM: Ritchie Houge, Vice President for Philanthropic Services
RE: Updates on Fund Activity

Greetings!

NMF Component Fund Fundraising Activities. NMF is receipting a lot of gifts this fall. If you have not completed a year-end appeal, there is still time to visit with your fund’s friends, make a phone call, or send a letter. Please be sure to thank donors for their past support and ask them to consider a gift before December 31, 2009.

Please remember to contact NMF when planning fundraising activities. Liability insurance is required for all special events and you are responsible for providing proof of liability insurance before the event. NMF will not authorize an event without proper insurance coverage.

NMF has developed an Excel-based budget tool to help component funds plan activities and evaluate fundraising activities. If you are conducting a fundraising activity with NMF as the charitable organization and running expense billing through NMF, you MUST prepare a budget prior to the activity and present it for approval. Expenses will be paid upon receipt of the fundraising budget. This tool works very well with NMF’s expense form and allows for improved management of gifted dollars and paying bills in a timely manner. To get a copy of the budget form please contact Barb Lien at barbl@nwmf.org.

Administrative Fees. Administrative fees were assessed on project only funds during this quarter for July through September. Administrative fees on endowed funds began again on July 1. These fees will be assessed at the end of FY 10 (June 30, 2010).

FY 10 Endowment Fund Distributions and FY 10 Spendable Funds

A special thanks to all funds that made careful and responsible recommendations regarding FY 10 endowment distributions. The spendable amounts shown on your financial statements indicate the amount of funding available for promotion or fundraising expenses and/or grantmaking. The NMF Board has not authorized the transfer of additional spendable amounts from endowments during FY 10. If you wish to increase your grantmaking, or need funds for activities beyond this amount, new contributions will be required.

 
FundWeb

Online access to component fund financial information is now updated and current. FundWeb is only available for the advisory committees whose members have completed the Confidentiality Policy Compliance agreement.   Updated weekly, this service allows advisory committees to review and report on fund finances and to identify, then personally thank donors.

Thank you,
Ritch Houge
 

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