Finance Committee

INTRODUCTION

The ADG Finance Committee is tasked to Develop and implement fundraising strategies and campaigns.

• Seek and secure financial support from donors, sponsors, and partners.

• Establish and maintain relationships with existing donors.

• Explore grant opportunities and manage the application process.

• Work with each ADG Committee to raise funds for an approved project with its budget.

• Monitor and report on the financial status of fundraising activities.

• Collaborate with relevant stakeholders to maximize fundraising impact.

MISSION

To develop and implement effective fundraising strategies that secure financial support from donors, sponsors, and partners. We aim to establish and maintain relationships with existing donors, explore grant opportunities, and work collaboratively with all ADG Committees to raise funds for approved projects. Our commitment is to monitor and report on the financial status of fundraising activities while collaborating with stakeholders to maximize our fundraising impact and support the mission of the organization.

CHALLENGES

1. Competition for Funding: There may be a high level of competition for funding from donors, sponsors, and partners, making it challenging to secure the necessary financial support. 

2. Donor Fatigue: Donors, especially existing Amuvi indigenes, may experience donor fatigue, where they are inundated with requests for support for the various community projects, leading to a decrease in donations.

3. Economic Conditions: Economic downturns impact the willingness and ability of donors to provide financial support, making fundraising efforts more challenging.

4. Lack of Awareness: Limited awareness about ADG’s mission and impact make it challenging to attract new donors and sponsors.

5. Adapting to Trends: Keeping up with evolving trends in fundraising, such as digital fundraising strategies and crowdfunding, has been slow in By proactively addressing these challenges through strategic planning, effective communication, and continuous assessment and improvement of fundraising strategies, the ADG Finance Committee can enhance their ability to fulfil their duties successfully.