Planned giving strategy for the New Youth Sports Center

Planned Giving Funding Proposal for the New Youth Center

The New Youth Sports Center was established last year and, despite limited funds, they have managed to attract two hundred children and adolescents to participate in sports programs and competitions, but also in other programs of social development, such as tutoring, cleaning the environment or planting new trees. Participants are attracted by the possibility to meet peers and have fun, while parents are encouraged by the fact that their children spend their free time under supervision, learning social and environmental responsibility.

Project Financial Details

When the New Youth Center was founded one year ago, its financial sources were mainly retrieved from the five community churches. These recognized their decreased ability to support the development of the youth, due to the reduced appeal of religion to today's adolescents. Managing to cut down on costs by reducing their already unpopular youth programs, the churches decided to each donate 10 per cent of their earnings to the NYC. Despite the relative similarities in their earnings, at the end of the year, the deacons at the five churches felt that the percentage contribution was inequitable as one church paid more and one church paid less. The deacons at the churches which paid less argued that setting a fix sum would also be inequitable. Due to these frictions, the New Youth Center finds itself in need of more sponsors. The current aim is that of raising $360,000, which would constitute the minimum sufficiency for 2010.

3. Available Resources

Out of the $360,000 required, the NYC can rely on $60,000 as coming from the five community churches. Regardless of their disputes, the deacons recognize the importance of the center and have committed to donating at least $12,000 per annum in support of the centers' goals.

5. Usage of Endowments

The primordial destination of the money collected would be that of keeping the center running in the meaning of equipping it with the necessary technologies, materials, paying the utility bills and so on. Additional destinations include the purchase of books and other didactical materials, to support the formation of the youth, the planting of trees, or even granting scholarships to highly intelligent and hardworking pupils who do not have any means of supporting their educational formation.

Reference:

Barrett, R.D., Ware, M.E., 2002, Planned Giving Essentials: A Step-by-Step Guide to Success, 2nd Edition, Jones & Bartlett Publishers, ISBN 0834219050

Levine, S.J., Guide for Writing a Funding Proposal, Learners Associates, http://www.learnerassociates.net/proposal / last accessed on October 23, 2009

2008, Letting Down the Nets: A Funding Proposal for the National Church, the Anglican Church of Canada, http://www.anglican.ca/fm/ldtn/ldtn-fp.htm last accessed on October 23, 2009