Financial Development Committee

Charge
The Financial Development Committee is responsible for creating and implementing a multi-faceted fundraising program designed to support NASIG programs and activities as designated by the Executive Board. Following the intentions of NASIG's Financial Plan, the Committee has three goals:

• establish endowments that provide enough interest income to fund each year's grants, awards, and continuing education programs
• once these endowments are fully-funded, contribute to NASIG's emergency reserve funds

In its first year, the Committee's objectives are:

• consider various development scenarios and strategies appropriate to NASIG
• develop a written, comprehensive development (fundraising) plan for NASIG, designed to attain the Committee's goals.

In subsequent years, the Committee's objectives are:

• review the fundraising plan for NASIG, and recommending to the Board any substantive changes for it;
• implement the fundraising plan, including conducting fundraising efforts;
• work closely with the Treasurer, NASIG's accountant, and the Board to support their responsibilities of accurately and comprehensively maintaining all necessary, related financial information-especially that required by law;
• provide an annual progress report that shall minimally include a comprehensive account of each of the year's fundraising activities, a summary of financial transactions, and a summary of the growth of each endowment or emergency reserve account during the year, and recommendations for the Committee's work for the next year. (The Treasurer's routine reports to the Board will provide detailed information about all financial transactions and the activities within each of the accounts.)

Chair:
TBD

Members:
TBD

Board Liaison:
Char Simser