Development Committee Charter
The Development Committee is an ad hoc committee that will support PEAK Grantmaking’s immediate funding and serve as thought leaders as the staff refine and develop revenue generation plans that support PEAK’s long-term financial sustainability. The committee will represent the board and board alum by helping set fundraising priorities, establishing the board’s role in supporting development objectives, while identifying and helping address barriers that may impact the ability to raise funds.
Responsibilities
- Serve as and encourage all directors to be actively engaged as ambassadors of PEAK’s programs, values, vision, mission, and brand.
- Motivate and involve all board members in the development and fundraising process.
- Help develop and secure annual fundraising goals for the board, including activating more in-kind support for PEAK activities.
- Communicate the annual giving expectations to the board, working in alignment with the governance cochairs and executive committee, and ensure full accountability that 100% of board members contribute annually while also securing ongoing membership status of their home institutions.
- With PEAK staff and development team, ensure that your organization’s case for support is strong, current, and focused on the mission and vision.
- With PEAK staff and development team, outline key campaigns and philanthropic prospects.
- Provide information about potential new prospects, and help to evaluate existing donors for increased contributions.
- Solicit gifts at levels required.
- Broaden the scope of funding sources and leverage philanthropic dollars.
- Identify strategic issues that impact philanthropic giving practices, especially to PSOs focused on equity, and activate messaging and fundraising plans that will address any inability to raise funds.
- Provide strategic thought partnership and leadership on revenue generating efforts, such as Organization Membership pricing and benefits, sponsorship packages, and bespoke and customized engagements, to the PEAK team.
Structure
The Development Committee is an ad hoc committee of the PEAK board that works in collaboration with the President and CEO and PEAK’s senior leadership team.
Composition
The Development Committee Chair consists of board members and board alumni who volunteer to participate or are identified by PEAK staff leadership and/or board governance committee cochairs. While the committee does not have a set number of members required, it is desirable to have between five and seven members representing a broad array of philanthropy membership types and perspectives whose Organization Membership should be active and current. Committee members may be comprised of both PEAK board members and volunteers from our broader network, who can leverage support and are comfortable with raising funds on behalf of the organization and our strategic goals.
Meetings
The committee meets as requested (given that there may be pressing needs or urgent campaigns throughout the year), but no less than four times annually, and as many additional times as the committee deems necessary. A quorum shall be a majority of standing members.
Staff Liaison
The senior membership and community engagement director will serve as the staff liaison to this team to facilitate its work.