The Freeman Challenges

The rewards of an endowment are many: it signifies a major turning point in an organization’s growth and creates an aura of permanence; it conveys a ‘seal of approval’; it can contribute to the long-term stability of an organization; it can generate income long after contributions are made; and, it’s a powerful way to pursue long-term organizational goals. Are you ready?
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Step 1: Are you ready?

The Organizational Effectiveness team at the Greater New Orleans Foundation will offer readiness workshops in the spring of 2019 to help you determine if one of the Freeman Challenges is right for your organization.

Workshop Description
This workshop is for organizations interested in applying for The Richard West Freeman Endowment and Board-restricted Reserve Challenges. Organizations will have an opportunity to complete an endowment readiness checklist during the workshop. Information will be presented on benefits and risks associated with an endowment. In addition, information will be presented the advantages of board-restricted cash reserve for organizations not ready for an endowment. This workshop is designed for executive directors, fund development staff, and board members and organizational teams are encouraged.

Workshop Learning Objectives

  • Increase participants understanding of an endowment and its purpose.
  • Increase participants understanding of a board-restricted cash reserve and its purpose.
  • Determine if your organization is ready for either of the challenges.
  • Provide best practices on fundraising for an endowment or board-restricted cash reserve.

Freeman Challenges Materials

Freeman Challenges Readiness Checklist (.docx)
Freeman Challenges Reserve Policy Sample (.pdf)
Freeman Challenges Endowment Resolution and Policy Sample (.pdf)