Financial Autonomy At the College level decentralization of

Financial Autonomy ØAt the College level, decentralization of financial powers both horizontally and vertically is necessary… (1) Whether it facilitates quick decision making and eliminates delays? (2) Whether the felt needs of the various segments are properly comprehended? (3) Whether it involves greater co-operation than resistance? (4) What affect that it has on the end-result? (5) How soon can the end-result be achieved? (6) Will it meet the standards of expertise where needed? (7) Is there the requisite administrative support? (Gandhi, 2013, p. 37) 1

Financial Autonomy & Development Financial Autonomy Creates the Opportunity to DEVELOP your own Resources. ØPotential Sources of Funding: ØTuition (Associate & Master’s Degrees) ØFees ØEntrepreneurial Activity ØBusiness Contributions ØPrivate Donations ØOthers? 2

Financial Autonomy Development Fundraising Capital Campaigns Quid Pro Quo Gifts Prospect Research Database Management Gift Recording Processing Premium Items Student Trips Private Foundation Support Corporate Foundation Support Accounting Special-events Planning Oversight Donor Relations Mailings Stewardship Marketing Branding & Merchandising 3

Development “In the broadest sense, development moves the institution forward. ” “The time we spend cultivating or soliciting donors is fund raising; that spent aligning fund-raising goals with institutional planning and maturation is development. ” Mark J. Drozdowski, Director of Corporate, Foundation, and Government Relations at Franklin Pierce College in Rindge, N. H http: //chronicle. com/article/Development. Fund-Raising-/45139 4