A Unique Model for a Small Shop - Working Towards Self-Sufficiency
2:45 PM - 3:45 PM CT
Speaker(s): William Miller, Chief Executive Officer, Kean University Foundation, Edward Ahart, Chief Development Officer, Kean University Foundation
Competencies: LeadershipStrategic Thinking
Experience Level: All LevelsAll Levels
Elective Session
In turbulent times many smaller institutionally-related foundations (IRF’s) are seeking alternative economic models to be fully self-sustaining. The Kean University Foundation’s economic model is unique and, we believe, cutting edge. As we enter our sixth year in our restructuring plan, and embark on our first comprehensive capital campaign in more than 15 years, the Foundation employs all staff and absorbs the costs associated with staff benefits, human resources, information technology, legal, etc. This presentation summarizes the funding and spending plan for the Kean University Foundation as well as the organization’s competitive cost per dollar raised.