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Chandler Museum Foundation Governance Subcommittee Biannual Report 2024: Part Two Fiduciary Initiatives Winter 2024 GSC’s Governance Oversight Role Strategic – Set and monitor goals in all area of CMF Fiduciary – Oversee budget and revenue-generating activities Generative – Initiate discussion around challenges and opportunities 2 Finance Workgroup and Subcommittee Members 3 Workgroup/Subcommittee Board Members Finance Subcommittee Rich Feely, Chair Jacki Ryan Tom Escobedo Joshua Askey Fundraising Workgroup Adam Turner, Chair Jacki Ryan (pending) Martin Sepulveda (pending) Mary Cimaglio (pending appointment to CMF) Strategic Initiatives & Results Initiative Measurement/Action Target Actual Launch Finance Subcommittee Completed & Adopted FY2024 3 / 2024 Adopted Finance Subcommittee Charter Completed & Adopted FY2024 5 / 2024 Obtain Donations from CMF Board Members $100 donations received per board member FY2024 8 / 2024 CMF Spending Policy Completed & Adopted FY2024 9 / 2024 Launch “Friends of the Museum” ~ 200 new targets solicited - 15 donors contributed Q4 2024 10 / 2024 Launch Fundraising Workgroup - Chair appointed - Members appointed Q4 2024 10 / 2024 12 / 2024 4 SWOT Strengths Weaknesses - Progress made on key initiatives - No significant sponsor or benefactor - Council support on bond initiative - Low revenues from few sources Opportunities Threats - OA+D collaborative study center - Voter bond fatigue (CUSD) - Sponsorship support for Tumbleweed site - Corporations already committed to other groups - Community input from strat plan - Overhead costs (audits) too high for CMF scope 5 1H 2025 Initiatives Initiative Measurement/Action Target Actual Review Chandler Arts/Museum Strategic Plan Results Determine funding needs 6 / 2025 Determine financing for 20K sq.ft. OA+D site Support bond initiative 6+ / 2025 Approve FY 2026 Budget Budget approved 6 / 2025 Launch Fundraising Activities Two (2) activities launched in 1H 2025 6 / 2025 Increase “Friends of the Museum” membership - Add 5 members (Q1) - Add 5 members (Q2) 3 / 2025 6 / 2025 6