Elgin Math & Science Academy
Development Committee Meeting
Date and Time
Agenda
| I. | Opening Items | |
| A. | Record Attendance | |
| B. | Call the Meeting to Order | |
| C. | Approve Minutes | |
| Approve minutes for Development Committee Agenda on June 27, 2022 | ||
| II. | Board Memo and Review of Options | |
| A. | Overview of Board Memo | |
|
Please re-read the attached board memo to familiarize yourself with all of the options outlined.
Breakout of the options as first place choice: Option 1 - 3 opt ins Option 2 - 4 opt ins Option 3 - 0 opt ins
*1 member of the board still needs to pick an option |
||
| B. | Option 1: Admin Building + Bond Financing + Focus on Operations Fundraising of $250,000 Goal | |
|
1. Katie to review number of votes for this option. 2. Pros and Cons of this option 3. $250,000 annual operations goal, no capital campaign 4. Annual Operations goals steadily increase over the next 4 years
|
||
| C. | Option 2: Admin Building + Bond Financing + Endowment Campaign - “Building Our Future” | |
|
1. Katie to review number of votes for this option. 2. Pros and Cons of this option 3. $500,000 goal with an infinite timeframe, does not impact annual operations goal if done over a period of time
|
||
| D. | Option 3: Admin Building + Bond Financing + Capital Campaign - “Building Our Future” | |
|
1. Katie to review number of votes for this option. 2. Pros and Cons of this option 3. $3 million campaign goal, timeframe of 2-3 years, direct impact to annual operations goals (would need to be evaluated - because of time consumption of DOD of 75%) |
||
| III. | Recommendation for Board Review | |
| A. | Recommendation to bring forth to Board of Directors | |
|
1. Discuss what we believe is the best option to move forward to present at Board of Directors meeting 2. Next steps in preparing the recommendation - email in advance, present live, etc
|
||
| IV. | Other Business | |
| A. | Future Meeting Dates | |
|
Set up the meeting dates for SY23 |
||
| B. | Charter for Development Committee | |
|
Review our goals and charter for committee at next meeting -Katie will send around a draft charter in a google doc and we can make edits to it, until we feel we are satisfied with what Development Committee will accomplish this year. -Giving Tuesday -Fall Appeal -Prospect Lists |
||
| V. | Closing Items | |
| A. | Adjourn Meeting | |