Page 7 - Claflin Retreat
P. 7
Cabinet Retreat 2022
Financial Stability
• Revise Budgeting process
• Multi year financial forecast tied to realistic data
• Technology automation/ real time data
o Invest in Training
o Seamless processes
• Building Cash Reserves
• Workforce to mirror current needs
• Diversify revenue streams
o Increase in grants (In direct costs)
o Increase in unrestricted contributions (including faculty and staff)
• Continuous review of benefits
• Endowment Growth
• Relevant Academic Offerings
• Cross train
• Reduce Turnover
• Increase reoccurring gifts from donors
• Create more affinity-based fundraising
• Crypto Currency
• $75 M endowment
