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Well you know the holiday season -- -- time for giving.
But according to the Indiana university's center for the -- truck a lot no entrapment that -- -- -- Terrible donations drop by about 1% during recession years in contrast to a 4% -- -- economic growth.
So how can series raise funds and a tight economy while it got doctor Reynold Levy.
He's -- president only consider for performing arts is also the author of yours for the asking in indispensable guide to fund raising and management.
The wind actually good morning -- -- to say because I'm on the board of its terrible organization and nonprofit charter school.
And I'm also in charge of raising money have never done it before I'm still nervous about it particularly in this environment so what is the role that I should live by or try to.
Two thirds of Americans give money to charity or volunteer -- so when you approach an individual forgiven.
Their pre disposed to say yes you've got to look over the shoulder.
Of the individual you -- asking for money and imagine.
What that gift could mean to your charter school and then you've got to ask.
Unflinching -- for a specific some.
Okay now you.
Coca book Coke industries just placed a hundred million dollars to New York State theater which includes Lincoln Center.
You guys seem to have no problem finding these deep pocketed donors but a small organization like mine -- a charter school of South Bronx.
How do we do well lots of possibilities here trolls.
There are many people who -- born and raised in the Bronx who have now made it and -- no longer in the Bronx you need to find them.
There are small companies that are within walking distance how we're charter school's location you need to engage them.
And you need to a larger board of directors.
You need to reach out to people get a larger board of directors engage them in the charters and -- there are many hedge funds and private equity.
Managers that are very interest in the -- -- school movement.
What about -- you're you're business suddenly consider how much of a cushion do you guys have it only seems like these large institutions whether it's Harvard University.
Or you know Lincoln the Lincoln Center had to have so much money but they always seem like they've.
Well we have a larger operating budget and in a time like this when discretionary income is down and went philanthropy is down.
We need to cushion -- that cushion.
Is in the -- of endowment.
And as you know endowments have been hit pretty hard as well.
So while -- get center is very well known.
Where actively out there raising money.
Don't talk about the corporate aspect that is according to the if the Philanthropic journal corporate donations or 5% a unit of giving.
And that's fifteen point seven billion dollars obviously going to be down just consider Fannie Mae and Freddie Mac 47 million.
Word word is that void to -- Well it gets filled in part by advertising and marketing dollars from companies that go to philanthropy the figures you cited.
Our only philanthropy.
That they're not.
Expense budgets from from corporations.
And they get filled by Americans 82%.
Comes from individuals.
More room to give -- we believe.
Luckily we only have about ten seconds left do you think the next administration -- stuff up in some -- that also help to fill that void.
Well I think the president elect Obama's call for sacrifice of Americans and call for engagement and things larger than oneself.
Is exactly the kind of background that fundraisers like you can use to help you charter school.
Well I think what is a stroke a lot happening this morning really appreciate it great work.
-- there -- -- Levy president of Lincoln Center for the Performing Arts.
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