The Development Committee was established in October 2000 as an ad-hoc committee, and attained special committee status at the January 2001 Steering Committee meeting. It is one of the standing committees of MARAC.
MISSION AND GOALS
The Development Committee is responsible for assuring alternate revenue streams to support MARAC's educational programming. Its primary purposes is to coordinate a development plan for internal (member) fundraising for the MARAC Educational Endowment Fund and to acknowledge and track such donations as well as to make recommendations and oversee the investment of the Educational Endowment Fund. The committee also coordinates external fundraising for conferences, workshops, and publications with professional services vendors.
The Development Committee consists of up to nine (9) members appointed by the MARAC Chair, plus the MARAC Chair who serves ex-officio. The MARAC Chair shall appoint the members of the committee, including one Member-At-Large, who have knowledge and experience in development, fundraising, investments, and vendor relations. Committee members shall serve two-year staggered terms and may be reappointed.
The Development Committee shall meet at the biannual conferences and at other times as needed.
The Development Committee shall keep minutes of its meetings and shall submit written reports of its activities and recommendations prior to meetings of the Steering Committee.
The Development Committee shall be divided into three (3) subcommittees of two to three members for the following activities (is this really true?):
- Member Fundraising: establish fundraising plans for MARAC members, including public relations outreach, and planned giving/bequests, and coordinates acknowledgment of donors with MARAC Treasurer.
- Educational Endowment Fund investment: oversee and make recommendations on investment options, including contracting with investment brokers or advisors; tracks performance of fund and coordinates with the MARAC Treasurer release of funds for educational programming.
- External vendor/corporate development: coordinate vendor and other corporate contacts for sponsorship of workshops, conference vendor tables, and advertising in conference programs, membership directories, and the Mid-Atlantic Archivist.
*More detail on the collaboration between Development and MCC on Vendors
All subcommittees report to the Development Committee Chair.