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Board of Directors
FROM:
RE:
Endowment Update
DATE:
December 7, 2012
Earlier this year, the Development Department began the critical first steps towards
designing a comprehensive plan for building a permanent endowment for the
Foundation. Our basic premise is as follows:
GOAL:
The goal of the endowment campaign is to raise $250 million in unrestricted gifts and
pledges by the end of 2016. The campaign will have three phases - the planning stage,
the quiet phase, and the public phase. We hope to celebrate the completion of the
campaign at the end of 2016, the year of President Clintons 70th birthday.
RATIONALE:
Currently, the Foundation must raise at least $15 million per year in unrestricted funds
to meet our annual operating costs and commitments to our various initiatives.
Assuming a 5% pay out, a $250 million endowment would cover the majority of the
core operating costs in perpetuity, thereby guaranteeing the long-term sustainability of
the Foundation.
Attached is a preliminary version of the case statement that is currently being used in
our conversations with potential stakeholders.
PLANNING STAGE (July 2012 December 2012):
We enlisted a national fundraising consulting firm (CCS) to assist with this effort.
Over the last six months, CCS has held strategic conversations with approximately 30
high-level prospects and potential stakeholders (see attached list) that include longtime and relatively new high-net worth supporters. These discussions were designed
to help craft a detailed campaign plan and shape a series of recommendations for the
Foundation.
Based on the issues raised and the feedback collected from the interviews, CCS is
prepared to present their report and recommendations to the Board, beginning with 5
core questions that the Foundation must be prepared to address before we can move
forward with the next phase of the process:
The future leadership of the Foundation: Who will be the public face of the
Foundation well into the future? Who will be the administrative leadership of the
Foundation in the future?
The long-term vision of the Foundation: What are the Presidents priorities for
the Foundation long-term? What will be the focus of its work? What is the
Foundations long-term operating principle?
Governance of the Foundation and the endowment fund: Who will oversee
the endowment fund? What is the composition and role of the Board going
forward? Will the Board be expanded to include philanthropists?
Use of the endowment funds: How will the endowment funds be spent? How
will the funds be invested and managed?
Internal buy-in and priority of an endowment campaign: Will the
endowment be the top fundraising priority for the President, the family, the
Foundation, and all of its initiatives? Will this be the final ask from the
President?
NEXT STEPS:
CCS is prepared to present their key findings and recommendations to the Board,
which will also serve as an opportunity for the Board to begin addressing the
questions above.
It is critical that this meeting take place as soon as possible, so that we can finalize our
campaign plan and begin soliciting pledges and commitments.
Status
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Pending
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Pending
Completed
Completed
Completed
Completed
ACHIEVING RESULTS
By applying its transformative model across all of its initiatives,
the Clinton Foundation has produced dramatic results:
4.5 million people in developing countries are benefiting
from lifesaving HIV/AIDS medications at reduced prices
30 million U.S. students will have access to healthier school
meals at more affordable prices
2 million tons of greenhouse gases have been cut or abated
4.5 million trees planted through community reforestation
projects in Malawi and Rwanda
4,200 jobs created by more than 716 microenterprises
in Colombia
75,000 consulting hours worth more than $15 million donated
to support entrepreneurs in underserved U.S. communities
400 million lives in over 180 countries have been improved
through more than 2,100 CGI commitments valued at
$69.2 billion
$28 million in overall assistance has been raised and directed
to recovery and long-term development efforts in Haiti
since the 2010 earthquake
President Clinton and Chelsea Clinton tour the Mount Meru SoyCo construction site. Once the SoyCo facility is complete, it will provide jobs for
30,000 farmers 55% women to grow soybeans for the factory. Photo Credit: Barbara Kinney / Clinton Foundation
GLOBAL
HEALTH
Today, the
Clinton Foundations
work addresses
A CAMPAIGN TO ENDOW
THE CLINTON FOUNDATION
ECONOMIC
INEQUALITY
CHILDHOOD CLIMATE
OBESITY
CHANGE
$977 million
Carter Center
$419 million
$409 million
CARE
$341 million
Volunteers of America
$277 million
Brookings Institution
$275 million
Rotary Foundation
$241 million
CLINTONFOUNDATION.ORG