Resource Development: Fundraising Breakout
THE ASSOCIATED raises and distributes millions of dollars each year. The Annual Campaign is only one part of the considerable financial resources that flow through THE ASSOCIATED and are allocated out to agencies, programs and services in Baltimore, Israel and around the world. In fiscal year 2009, we raised over $43.6 million which will be distributed to the community through our agencies and programs. While the Annual Campaign represents nearly 71 percent of that total, additional resources from endowments and other development efforts have enabled us to grow the resources available for community by 20 percent since 2005.
That growth has come primarily from two sources: our Endowment Program which encompasses both our endowment funds and an extensive Philanthropic Fund and Supporting Foundation program; and from a new Resource Development program that targets strategic needs in the community and raises additional resources from individuals, funds and foundations. Combined, these two resources account for almost 19 percent or $8.37 million of the $43.6 million raised this year.
Additional dollars are provided to THE ASSOCIATED through our Funds and Foundations program in which donors put aside charitable dollars until they are ready to make gifts. In 2008, participants in our Funds and Foundations program recommended more than $37.6 million in grants to charity.
Of that amount, 43 percent went to THE ASSOCIATED’s Annual Campaign, to Resource Development Gifts and grants directly to our agencies and programs. The remaining distributions ($21.3 million) were made to other charities both Jewish and secular, here in Baltimore and throughout the rest of the country, Israel and the world.
Resource Allocation: Distribution Breakout
Over the last six years, through careful consolidation, reorganization and cost-cutting, ASSOCIATED allocations to agencies and programs increased by 38 percent; while total funds available for allocation increased by just 20 percent. Despite drastic increases in human resource expenses, belt-tightening measures reduced our fundraising expenses and kept the increase in administrative costs at a minimum over this period. Centralization of support services to ASSOCIATED agencies and implementation of recommendations from our Visioning Process contributed to these cost savings. We are extremely proud that we can continue to achieve increasing overall support to our agency and program partners, even in a very tight economy.