Board Minutes January 2023: Difference between revisions
→Potential Donor Agreement (15 min)
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** Optional Conditions: | ** Optional Conditions: | ||
***Donor will participate in a larger fundraising campaign, such as a matching campaign, or other fundraising campaign which leverages above donation amount to get more donations from other donors. Bike Edmonton to determine details of fundraising campaign, and include in donor agreement. | ***Donor will participate in a larger fundraising campaign, such as a matching campaign, or other fundraising campaign which leverages above donation amount to get more donations from other donors. Bike Edmonton to determine details of fundraising campaign, and include in donor agreement. | ||
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*NOTE: Kelly introduced topic, passed Chair to Charlotte, and then recused herself for the rest of the discussion | |||
Questions and concerns: | |||
**Bike Edmonton has to decide what it wants to do, and then find funding, not vice versa. | |||
**An audit, or at least a review, is beneficial. Bike Edmonton should feel as though we WANT to do that, not just that we’re doing it because we have funding | |||
**Funds being provided pending a favorable audit outcome; should those two processes be separated? | |||
**Option: donation up to a certain amount to pay for audit, and then potentially more funds donated after audit? | |||
This makes it clear that the audit is NOT biased to please donor | |||
**Clarification: If the audit is not clean, it may be because the controls in place aren't very good, as opposed to suggesting that fraud is happening. **Does a “clean” audit need to be a caveat for the donation? It is ultimately up to the donor as to how they interpret the conclusion of the audit and the viability of the organization. | |||
**Additionally, optically, two donations potentially look better than one. | |||
* | |||
ACTION ITEMS | |||
**Present the idea of two donations, one pre-audit and one post-audit, to the donor. | |||
**Pending approval from donor, modify the donor agreement | |||
=== Credit Cards === | === Credit Cards === | ||