Direct Support Organizations Presented by Shawnta Friday-Stroud, - - PowerPoint PPT Presentation

Direct Support Organizations

Board of Trustees Meeting, June 3, 2020

Presented by Shawnta Friday-Stroud, Ph.D.

Direct Support Organizations

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Approval of Minutes

Recommendation: Approve the minutes of the March 4, 2020, Director Support Organizations (DSO) Committee Meeting.

DSO Budgets

Summary: Consideration of Approval of DSO Budgets: FY 2020-2021

• a. FAMU Foundation, Inc.
• b. FAMU Rattler Boosters

Rationale: This action is submitted for approval in accordance with FAMU Foundation Board of Trustees Policy No. 2018-01. The DSO shall submit an annual operating budget, which has been approved by the DSO’s governing board and by the President and submitted to the Board for approval.

Honorary Namings

Summary: Consideration of Approval of Honorary Namings

• a. Steele-Smith Concert Choral Suite
• b. Mary W. Roberts Recital Hall

Rationale: This action is submitted for approval in accordance with FAMU Foundation Board of Trustees Policy No. 2008-05: Naming Opportunities.

DSO Board Member

Summary: Consideration of Approval of New DSO Board Member

• FAMU Foundation Board of Directors
• Student Government Association Representative
• Mr. Maurice Gilbert
• Recommended by the Student Body President

Rationale: This action is submitted for approval in accordance with FAMU Foundation Board of Trustees Policy No. 2018-01. The policy provides that the Board shall approve all appointments, including elected board members, to any DSO board.

Update on Divisional Activities

• A. FY 2019-20 University Updates
• UA kicked off its first ever/Day of Giving Campaign, 1887

Strikes, 1887 minutes of giving from April 30-May 1 raising $213,256.72.

• UA kicked off the FAMU Rising “Rise of the Rattler” Campaign

with Memory Lane Brick Sale to fund raise for Student Success Initiatives.

• Received $1.4M cash donations in December; largest amount

ever raised in December

• Giving Tuesday raised $63,000 on December 3, 2019

8-Year Fundraising Overview

Millions

$3.2 $3.3 $5.8 $6.4 $5.2 $4.3 $4.6 $4.9 $1.0 $0.3 $4.5 $0.2 $3.3 $5.2 $1.6 $1.1 $0.5 $0.2 $0.5 $0.1 $0.5 $0.2 $5.4 $0.0 $4.7 $3.8 $10.8 $6.7 $9.0 $9.7 $11.6 $6.0 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-2020

FUNDRAISING PERFORMANCE SNAPSHOT

Cash Pledges Pledge Collections Total

Endowment and Investment Values

130,721,282 125,708,524 122,199,666 121,777,980 113,117,482 122,245,386 125,864,816 100,399,702 98,213,088 96,350,362 97,071,355 86,735,526 91,970,543 92,738,902 12/31/19 6/30/19 6/30/18 6/30/17 6/30/16 6/30/15 6/30/14

Investment and Endowment Historical Market Values

Investment Portfolio Endowment

Three Factors that Affect Endowment Value

1) Endowment Cash Gifts 2) Annual Spend Allocation (Reduces value on July 1st) 3) Investment Gains/Losses

Additional Factors that Affect Investment Value

1) Operational spending over and above or below annual spending allocation 2) Investment fees paid with cash from checking account

2019-2020 Fundraising as of 5/15/2020

Millions

$4.2 $4.1 $3.9 $12.2 $3.99 $.85 $.26 $5.1 CASH PLANNED GIFTS PLEDGES TOTAL

FUNDRAISING PERFORMANCE AGAINST GOALS

By 6/30/2020 As of 5/15/2020

Progress as of May 8, 2020:

$6,084,564.27

(49.9% of $12.2 Million)

• New Cash Goal - $4.2M

Current - $4,940,323.50 (118%)

up $1.128M from last year

• Planned Gifts Goal -$4.1M

Current - $950,443 (23.1%)

• Pledges Goal - $3.9M

Current - $206,797.77 (5.4%)

• Pledge Collections

Current - $614,530.72

Segmentation of $12.2 Goal

Student Scholarships

Goal - $7.2M (~59% of $12.2)

Cash Goal – $2.4M Pledge Goal – $1.8M Planned Gift Goal – $3M

FAMU Athletics

Goal - $1M (~8% of $12.2)

Cash Goal – $400K Pledge Goal – $300K Planned Gift Goal – $300K

The Arts & History

Goal - $1M (~8% of $12.2)

Cash Goal – $400K Pledge Goal – $300K Planned Gift Goal – $300K

Student Success Initiatives

Goal - $3M (~25% of $12.2)

Cash Goal – $2M Pledge Goal – $500K Planned Gift Goal – $500K

Fundraiser Segmentation

Annual & Affinity Giving

~$2.05M/$2.6M (78.8%)

Brandi Tatum-Fedrick Quiana Lowe Kristen Florence

Planned Giving

~$850K/$4.1M (20.7%)

Audrey Simmons Smith Shawnta Friday-Stroud

Major/Principal Giving

~$1.5/$4M (37.5%)

Kimberly Hankerson Audrey Simmons Smith Shawnta Friday-Stroud Larry Robinson, Ph.D.

Corporate Giving

~$700K/$1.5M (46.6%)

Audrey Simmons Smith Brandi Tatum-Fedrick Shawnta Friday-Stroud Larry Robinson, Ph.D.

Fundraising Categories by Fundraiser

DSOs Updates

FAMU Foundation, Inc.

• Spring 2020 Board Meeting via Zoom, May 21
• Investment Portfolio at 3/31/2020: $108,779,300 (rebounded by

4/30/2020)

• 30
• Endowment value at 3/31/2020 $83,959,341 (rebounded by

4/30/2020) FAMU National Alumni Association

• Supported 1887 Strikes Campaign - NAA SOS Fund
• Hosted the NAA Virtual Town Hall via Zoom and Facebook
• Sponsored 60 COVID-19 Testing Site volunteer lunches for 10 days
• Annual Convention, November 2020, Orlando during Florida Classic

DSOs Updates

FAMU Rattler Boosters

• Ms. Angelia N. Williams replaces Mr. Tommy Mitchell Sr. as Executive

Director.

• The Boosters thank Mr. Mitchell for his fine Leadership and

fundraising efforts.

• The annual Football Rattler Boosters Kick-Off luncheon is tentatively

scheduled for Saturday, August 22, 2020.

• The Rattler Boosters acknowledge the seamless lines of Communications

with the Athletic department under the leadership of Vice President Kortne Gosha.

• The Boosters support the Field House Renovation and have contributed to

the purchase of the new Football Lockers.

“At FAMU, Great Things are Happening Every Day!”