Finances
DIVIDE BETWEEN PROJECTS & RETIREMENT PLAN
RETIREMENT PLAN & SUPPORT:
25% OF BUDGET FOR RETIREMENT PLANNING
50 % PROJECT
25% ADMINISTRATIVE COST OPERATION (SHOULD DECREASE AS BUDGET INCREASE) TO SHOW MOST OF THE $ IS GOING TOWARDS THE WORK, TO SHOW EFFICIENCY: [20% salary & 5% operational costs]
3 YEAR PLAN for fundraising (increase by at least 50% per year)
- How many to support first year $50,000
- Then increase 2nd year to $75,000
- Then 3rd year to $115,000
ASK ACCOUNTANT HOW TO PAY BACK MONEY EXPENSES FOR SET UP AND INITIAL TAKE OFF. ON HOW TO PAY SELF BACK FROM CORPORATION.
- Tax exempt form is with the Office of the Founder & President.
Partners
WAYS TO ACKNOWLEDGE DONORS
- Website acknowledgement
- program acknowledgement
Friend $ 500.00 – $ 1,000.00 (get a thank you) not mentioned on program acknowledgement
All the below get mentioned on program
- Supporter $ 2,000- $ 5,000
- Sponsors $ 7,000-$15,000
- Guild (share similar work) $16,000-25,000 [name a project after guild who does fundraising for that project & donateS]
Patrons $ 50,000.00 – website acknowledgement (get 2 free tickets)
Benefactors $ 75,000.00 – website acknowledgement (get 2 free tickets)
Contact Information
Legal Documents
Retirement Trust Retainer Letter | Download