• Description

Most community foundations envision two stages in their development: the startup phase and the point where they reach self-sustainability. The TCFN Working Group on Asset Development and Partnering with Donors believes that foundations must also anticipate a period between infancy and maturity that can best be characterized as a struggle to survive. Failure to plan for this awkward middle stage can lead to discouragement and even failure. The authors believe that the best way to anticipate this challenge is to develop a long-term business plan that anticipates all three stages in a foundation's growth and development -- a plan that forecasts both the increase in the funds available for grantmaking purposes and the resources required to support the cost of core operations.