Core Essential 4: The Board’s Role in Fundraising

Essential 4: Vigilance for mission and economic vitality
October 10, 2024
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Wise Stewards program director Rebekah Burch Basinger notes an institutional board’s role in fundraising has two key expectations: collective governance and individual involvement. As a governing body, the board ensures the institution’s mission aligns with educational quality and financial sustainability, boosting legitimacy and donor confidence. This collective responsibility, the “we,” is the board’s primary contribution. However, the “me” aspect involves personal participation. Individual board members actively support fundraising by making personal contributions, networking, expressing gratitude, and sharing their stories. High board participation, especially in personal giving, inspires confidence and generosity, and wise stewards value the unified and individual efforts in advancing a theological school’s mission.

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