Entrepreneurial Development: Support for Community Colleges by Americas Private Foundations
The presenters (CRD Executive Director, Polly Binns, and CRD Past President, Steve Budd) will share the outcomes of a multi-year initiative involving an extended conversation between community colleges and America’s funding Foundations. Community Colleges must act as the Conveners of a new conversation between public and private funders. This session will provide a hands-on opportunity to develop your college’s Case for Support.
Community Colleges are increasingly challenged in developing the financial resources for creating and sustaining new initiatives. Historically - grants, donor cultivation, and contracted training have been the entrepreneurial approaches to resource development, ensuring college advancement in the face of diminishing public funds. At the same time, a reliance on traditional fundraising approaches is increasingly insufficient. Entrepreneurial Resource Development represents an approach that leverages the common interests of private foundations and community colleges to solve problems of local, regional and national significance. Acting entrepreneurially, community colleges are enjoying greater success than ever before in bringing private foundation funds in support of our multiple missions. Community colleges are well equipped to serve as the convener of public and private stakeholders, and as agents of community development and change, community colleges provide a “common ground” where public and private funders come together. Building upon our role as change agents, community colleges will take the lead in forging new relationships with our America’s funding Foundations.
In this session, we will present the outcomes of a year-long conversation between the Council for Resource Development, and a cross section of our nations national and regional Foundations. Session content will focus on communicating what we have learned in terms of: 1. Understanding the workings of Private Foundations, 2. The preferred approach to local, regional and national foundations, and 3. Making the Case for Community Colleges.
Half of the session would be devoted to presenting our findings. The second half would be a hands-on session whereby groups of participants will brainstorm the “Case” to be made to private foundation funders based upon the goals of both the college and the funder. The session is designed to get the participating colleges “out of the gate” with a take home “Case Statement” for further development.
Steven Budd, President, River Valley Community College, NH
Polly Binns, Executive Director, Council for Resource Development, DC