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Libertarian Party of Florida Executive Committee => Committee Reports => Fundraising => Topic started by: AtLarge2 on June 15, 2023, 05:04:55 AM

Title: LPF Fundraising Committee Report, June 2023
Post by: AtLarge2 on June 15, 2023, 05:04:55 AM

LPF Fundraising Committee Report, June 2023
Committee: LPF Fundraising
Date of Report: 6/16/2023

Chair: Steven Nehkaila
Vice Chair: Hector Roos

Summary:
We brought together a dream team of members to the committee. The fundraising committee has contiguous goals: 1) Seeking out corporate sponsorships for our events as a regular source of revenue. We especially want to target end of year sponsorships for LPFCon24 which is why we're making it a priority to have a 501c4 in place by then. 2) Seeking out contributions of at least $500 from Florida donors who give to national but not Florida LP in the last 3 years. 3) Seeking out contributions from rank and file and the 100@25 recurring donor program.

Last Meeting: Wednesday, June 14, 2023 at 4:00pm (weekly on Wednesdays at 4 PM until further notice)
Next Meeting: Wednesday, June 21, 2023 at 4:00pm
Membership: Steven Nehkaila, Hector Roos, Gabrielle Cordova, Robert Kraus, Tim Crosby (Ex-Officio)
Volunteers: Andrew Reyes, Eric Parker (and Scott Jewett, Ralph Groves as a side-project)

Meetings are held through Zoom: https://us02web.zoom.us/j/87982580681?pwd=ei93WUI0TnRYdWkwZVRSU2dEMVgwZz09

Action steps (Hector/Gabrielle unless otherwise indicated):

• Follow up with donor prospecting, donor lists, donor scripts with Josh and Steven (expected finished by next meeting)
  CiviCRM account for Gabrielle (requested of IT again)
  Communication calendar for fundraising asks (incl. Giving Tuesday, Year in Review, End of Year, 100@25 profiles, 100@25 virtual monthly events)
  Next step ---> Re-introducing 100@25: Who would you like to see speak to us at our upcoming 100@25 Club meeting? (list wide, reintroduce the 100@25 club) and set up first 100@25 Club meeting
  100@25 Survey should be personalized link and one-time submission only.
  New fundraising appeal: 1) LPF.org post about Marc Golob; 2) Copy segment of Marc Golob fundraising to Quill; 3) Update email about Marc Golob for fundraising.
  Proposal of 501c4 affiliated non-profit to coordinate with convention & events (audit committee reviewed a proposal but needs follow up with rules/legal)
  Budget Request August to September
  $2,300 ($720 for 501c4 proposal, $1,400 1,000 mailing supplies, $180 contingency) (Passed unanimously)
  Comments for Convention Cmte: Rosen properties contact will be provided. Suggestion: Reach out to Orlando location that is proposed for 2026 LNC. Debate attendance est. 200 estimated.
  Update LPF Store

Proposed Formal Motions to the Board (if any):

Motion to Approve $2,300 for Fundraising Committee Budget for the term July 1-September 30, 2023

Moved by: Hector Roos (On behalf of Fundraising Committee)

I move to have $2,300 in funds approved to be used by the LPF Fundraising Committee as the deem proper and necessary to the fulfillment to their duties to the LPF as their budgets for the term July 1-September 30, 2023 with the following breakdown:

$720 501c4 (only because we expect to get to it in this quarter)
$1,400 mailing supplies
$180 contingency
$2,300 budget request total

Rationale:
As part of the normal course of the duties of the LPF Fundraising committee requires the follow up with direct mail responses to donations in the form of Thank you notes and direct mail appeals. In addition, the committee has agreed upon forming a 501c4 non-profit to raise funds from high net-worth individuals and companies that either like to 1) keep their donations private (donations to this non-profit are not disclosed publicly to any public agency); and 2) provide an entity to donate to that is not explicitly a partisan organization like a political party. If there is concern regarding legal or accounting compliance, I suggest the non-profit raise some funds first and pay for such services from its own funds.