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Another session, featuring
presidents John Ewing of Mount Union College (OH),
Billy Hawkins of Texas College, and Luther Luedtke
of California Lutheran University, focused on how
to prepare the board of trustees for a fundraising campaign.
Ewing and Hawkins talked about the
lessons they had learned in gearing up for fundraising efforts with
their trustees. Ewing noted the importance of trustees feeling ownership
of the campaign in attaining any goals. He had three chairs of his
board in six years at his previous institution, but it wasn’t until
he and his third chair together attended a conference on fundraising,
that the board chair became energized and personally invested in
the campaign.
Hawkins said that trustees can perform
several important fundraising services for the college: give money,
raise money, lend money, or provide entrée to corporations
or foundations. Trustees opened the way for Hawkins to add to the
Texas College board of trustees the wife of baseball legend Henry
Aaron and radio fundraiser Tom Joyner. And Ewing noted that six
weeks after arriving at Mount Union, a trustee volunteered to pay
for a new science facility, a gift that eventually totaled $15 million.
Luedtke provided the perspective of
a president who had enjoyed a successful tenure at his present institution,
having raised over $75 million so far in an $80 million campaign.
He said he has learned five important lessons:
1. Be
intentional, explicit, and forthcoming about the specific fundraising
role of the board member from the outset.
2. Engage the board by holding in-depth sessions at meetings of
the trustees on the institution’s academic programs, finance and
administration, student affairs, and development. “You’d be surprised
how a thorough understanding of the complex operations and difficult
challenges of the institution will open up opportunities to make
connections, motivate trustees, and excite them to further acts
of personal support.”
3. Continually uphold the mission and vision of the university.
“Persistence and a clear identity will keep you on course amidst
the constant distractions and competing ideas.”
4. Link the fundraising program to strategic planning priorities
so there is a logical, compelling reason to contribute. “Ask trustees
for money, and they’ll give you advice. Seek advice, and they’ll
give you money.”
5. Celebrate your trustees’ victories and achievements. “Continue
recognizing the victories and you’ll continue raising the board’s
enthusiasm, involvement, and esteem.”
Session
participants also provided some valuable cautions to CEOs who are
trying to understand and lead the board into a fundraising campaign.
During Q&A, a participant told the story of a trustee who was
dropped from the board after some internal disagreement on college
procedures. The college dropped the trustee because it had to, but
it kept the communications channels open and eventually earned a
gift of $3 million. “The moral is to not give up on a relationship
that has potential because of a sensitive separation.”
Independent
The Council of Independent Colleges
One Dupont Circle NW, Suite 320 • Washington, DC 20036
tel: (202) 466-7230 • Fax: (202) 466-7238 • e-mail: mailto:cic@cic.nche.edu • www.cic.edu
Last updated: March 2004
Copyright © 2004 The Council of Independent Colleges |