tag:blogger.com,1999:blog-6416792277523234242.post4189850504814181123..comments2023-10-28T10:52:27.646-04:00Comments on Leading by Design: What Would You Do With a $$ Windfall?Anne W. Ackersonhttp://www.blogger.com/profile/04543098694263540652noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6416792277523234242.post-56183567279619290992014-12-01T10:58:47.451-05:002014-12-01T10:58:47.451-05:00We're in a similar position after selling some...We're in a similar position after selling some property. About 75% will go to our endowment, and the board is determining this week what other projects to pursue. The options include tackling a difficult to fund maintenance project, hiring a development consultant and a staffing boost. A mix of saving and spending on impactful projects seems like the best approach.Anonymoushttps://www.blogger.com/profile/06248812155284263139noreply@blogger.comtag:blogger.com,1999:blog-6416792277523234242.post-38818175688970865402014-12-01T09:44:56.560-05:002014-12-01T09:44:56.560-05:00Real total surprises - especially big ones - are r...Real total surprises - especially big ones - are rare. But my sense is that any non-profit that is not in the 70/30 zone - they should make it their business to get there. By 30/70 zone - I generally assume (at least from my work work in the museum industry) that any org that doesn't get at least 30% of their operating revenue from income off of endowment - will struggle against almost insurmountable odds. Ironically (because yes - one can have too much money) orgs that that more than 70% of their revenue from income off endowment - it immunizes them from public responsiveness and accountability and indulges staff and board in potentially self-serving adventurism; or simply lulls them into complacency. If my museum had an $700k operating budget $300k of which was income from a $6 mill endowment and suddenly got a new $1 mill bequest - I'd probably put 90% of it into further endowment building and maybe pick off one strategic project or need for $100k<br />Bill Hosleyhttps://www.blogger.com/profile/16561020320743453617noreply@blogger.comtag:blogger.com,1999:blog-6416792277523234242.post-21673645526116931312014-12-01T08:19:05.546-05:002014-12-01T08:19:05.546-05:00Depends on the size of the windfall, of course, bu...Depends on the size of the windfall, of course, but our most pressing need is a nice cash reserve cushion.Cedarhttps://www.blogger.com/profile/15752725405981131162noreply@blogger.com