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Fund Advisory Committees
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
By clicking "I accept" you indicate that you have read and understood the above memo, which will allow access to the FundWeb log in page.
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