VPAC18H3 Chapter Notes - Chapter 1: Activity-Based Costing, Financial Statement, Swot Analysis
Document Summary
Chapter 1: fund development planning by bill hallet, acfre. Activity based costing: project costs are divided amongst each project, covering overhead administration and maintenance costs. Sustainable fundraising: maintaining the ongoing relationship between organization and donors over a life-time. The donor pyramid emphasizes the need for a multi-year plan to acquire new supporters, retain them, and upgrade their giving to the organization. The largest domain where arts organizations tend to focus on the most. This is the group of people who are targeted to give, and has the choice to refuse donations. Donor acquisition can be thought of as friendraising. Two elements to develop a good fundraising plan: acquire contact details from all supporters so you can ask them to give again in the future. Charities are divided into the following categories: provincial health charities have the highest renewal rates followed by city hospitals and national health charities, then international relief.
