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O.6.1 Fund Development Strategy

Action

Develop a fund development strategy that aligns with and supports the strategic plan.

Why

Once a budget is established that includes expenses for work plans derived from the strategic plan as well as operational costs, it’s important to know how revenues will be raised to underwrite the costs. 

How

Working with the Board of Directors and related committees, all potential and applicable revenue sources need to be explored and determined.  Revenue sources can include but not be limited to donations and contributions, fundraising activities, Government and Community Foundation grants, fees for service, municipal support, and merchandise sales.

Main Street Management Assessment Rubric

Scoring Standards
4
  • There is an approved, written fund development strategy that aligns with strategic plan.
  • Fund development strategy clearly connects between strategic goals and interests of funders and community stakeholders.
  • All resources needed to complete the strategic plan are outlined and costs are associated with needs, including overhead.
3
  • There is an approved, written fund development strategy that aligns with strategic plan.
  • Fund development strategy clearly connects between strategic goals and interests of funders and community stakeholders.
2
  • Fund development is not strategic but developed on a per project basis.
1
  • There is no fund development strategy.

Connecticut Main Street Center

P.O. Box 270
Hartford, CT 06141
860.280.2337

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P.O. Box 270, Hartford, CT 06141 | 860.280.2337