b3 - the overhead dilemma
TRANSCRIPT
Dave Frank, Board Chair
Richmond Community Foundation
Pat Watson, Board ChairRichmond Cares, Richmond Gives
It Begins With A Conversation
Volunteer Richmond Information Services (1972) Richmond Community Foundation (1990)
In April 2013, following three years of planning, we signed collaboration agreement to start working together to do more – for volunteers, donors, and the community.
Purpose of the Collaboration
Create operational efficiencies Limit the duplication of services Reduce costs Increase organizational capacity Broaden our community impact Lead by example
Collaboration in Action
Sharing office space
Sharing an Executive Director and staff resources
The Foundation maintains control of endowment funds, and is responsible for all decisions surrounding grants and scholarships
2013 Community Foundations of Canada Conference
Dominant Theme:
If organizations are to do more with what they have, they’ll need to rely on creativity, collaboration, and even “disruptive innovation.”
We knew we were on the right track!
Richmond Cares, Richmond Gives
In November 2013, we officially named our collaborative initiative
Richmond Cares, Richmond Gives
Our VisionRichmond Cares, Richmond Gives will encompass the work of both Volunteer Richmond and the Community Foundation, and serve as the centre for philanthropy in our community. It will be a physical and virtual space where people can donate volunteer time and financial resources to any organization in Richmond.
A Better Way to Give
By RichmondFor RichmondIn Richmond
The Richmond Cares, Richmond Gives website will connect community organizations with volunteers and donors.
For Individuals & Businesses
An online resource that will centralize, streamline, and simplify the act
of giving.
For the Non-Profit SectorA tool that will
help organizations recruit more
volunteers and raise more money.
Process and Progress
Decide on Name
& Governance
Model
Finalize Service Agreement
Develop PR &
Communications Plan
PassSpecial Resolutions
PlanSignature
Event
RICHMOND COMMUNITY FOUNDATION
7 Directors
AssetsInvestmentsDistributionAccountability
RICHMOND CARES, RICHMOND GIVES(Administration, Programs and Services)
12 Directors, including Chair of Foundation
Endowment DevelopmentCore FundingPrograms and ServicesGrantsScholarships
Operating Structure
BELIEVE IT! February 2014 - $150,000 grant from the Government of
BC
August 2014 - Funding from the Vancouver Foundation to run its Neighbourhood Small Grants program in Richmond
October 2014 -Awarded a $220,000 grant from a private donor
January 2015 - Partnership agreements with Great Canadian Gaming Corporation and YVR – Vancouver International Airport
February 2015 - Volunteer Richmond announces it will be doing business as Richmond Cares, Richmond Gives
BIG Goals for 2017
Establish a $500,000 Richmond Cares, Richmond Gives Forever Fund
Increase the total value of the Community Foundation’s Endowment Funds to $10 million
Richmond Cares, Richmond Gives is fully operational