Victoria hosts Scotiabank Philanthropic Advisory Forum offering over 40 registered charities strategies to build donor base, organizational efficiency and creativity
VICTORIA, May 27, 2011 /CNW/ - In an economic environment that continues to be challenging, the charitable sector must look to innovative and creative solutions to sustain and grow donor contributions. This was the message given to more than 40 charities and foundations attending the third annual Scotiabank Philanthropic Advisory Forum held today in Victoria.
The Scotiabank Philanthropic Advisory Forum brings charities together from a number of service areas to talk about current issues facing the sector and share best practices and solutions.
"We've been offering the Scotiabank Philanthropy Forum in Vancouver for two years and it's a pleasure to again create the opportunity for charities to come together and share ideas and innovations that make the sector stronger," said David Poole, Scotiabank Senior Vice President, BC and Yukon Region. "Our first event in Victoria was very successful and we thank all participants. This series is complementary to Scotiabank's Bright Future program where we provide direct funding support to charities in Canada and around the world."
Three philanthropic experts led the Forum and provided insights into philanthropic trends, the current charitable giving environment in B.C. and financial tools to build organizational success. This is the first time that this event has been held in Victoria.
Nationally-known philanthropic advisor, Malcolm Burrows, Head of Philanthropic Advisory Services for Scotia Private Client Group, noted that while it has been a difficult environment for maintaining donation levels, charitable organizations focused on innovative solutions and really knowing their donor base are faring well.
"Charities are facing a tough operating environment, with donations reporting record declines since 2008," said Mr. Burrows. "Charitable organizations responding with innovative solutions through fundraising, social enterprise, and community building are finding they can not only survive but turn challenges into opportunities.
In addition to Mr. Burrows, Carolyn Fast, Executive Director, Victoria Women's Transition Hose Society and Dzaray Bisanz, Manager of Western Canada Commercial Cash Management for Global Transaction Banking at Scotiabank, provided practical strategies and tools to help charities maximize gift-giving opportunities and operational efficiency. Specific tips offered at the Forum included:
"Knowing that your organization is equipped to maximize donations through operational efficiency is of critical importance to any charitable organization", said Ms. Bisanz. "Donors are increasingly looking for accountability and efficiency on the part of charitable organizations they support."
Attendees were also encouraged to adopt a creative approach to the management of charitable gifts.
"It is increasingly important for agencies, large or small, to build relationships with donors, not just to raise funds, but often to leverage skills and know-how to build a dream project. Sometimes a little creative negotiation can help make the gift even more wonderful and more suited to the needs and opportunities the agency has," said Ms. Fast. "I can't emphasize enough the importance of being creative, and sourcing needed skills and abilities through donors, trustees and community partners."
Mr. Burrows also encouraged organizations to focus on innovative solutions and identified several areas of focus for fundraisers in the current environment:
About Victoria Women's Transition House Society
Founded in 1974, the Victoria Women's Transition House Society has grown
from a small collective running a drop-in centre to an organization
with five facilities, over 50 staff and close to 70 volunteers.
Victoria Women's Transition House Society, working collaboratively,
provides shelter, support, counselling and education to women of all
ages, with or without children, so that they can live free from the
effects of abuse in intimate relationships. The Society strives to
prevent and eliminate abuse through education, advocacy and
partnerships.
About Scotia Private Client Group
Scotia Private Client Group, a member of the Scotiabank Group, provides
customized solutions to help high net worth clients build preserve and
transfer their wealth. Scotia Private Client Group provides individuals
and their families with tailored, tax efficient strategies that align
their investments with their retirement and estate plans to help them
achieve continued financial success. For more information, please visit
www.scotiaprivateclientgroup.com.
About Scotiabank Global Transaction Banking
Scotiabank's Global Transaction Banking (GTB) business provides
financial solutions to commercial and corporate clients domestically
and around the world by drawing on more than 175 years of banking
experience to meet the needs of clients. Scotiabank, which was named
"Best Trade Finance Bank in Canada" by Global Finance magazine for
2010, for the fourth time in five years. Scotiabank Global Transaction
Banking (GTB) currently offers a wide variety of supply-chain financing
services, including electronic banking and payments, trade finance,
commercial and business cards, foreign exchange and correspondent
banking.
About Scotiabank:
Scotiabank is committed to supporting the communities in which we live
and work, both in Canada and abroad, through our global philanthropic
program, Scotiabank Bright Future. Recognized as a leader
internationally and among Canadian corporations for our charitable
donations and philanthropic activities, Scotiabank has provided on
average approximately $44 million annually to community causes around
the world over each of the last five years. Visit us at www.scotiabank.com.
On Site: Michelle Cobb, Scotiabank Manager Sponsorships, cell (778) 668-2995
Deborah Clark, Scotiabank Media Communications, (416) 933-0646, deborah_clark@scotiacapital.com
Patty Stathokostas, Scotiabank Media Communications, (416) 866-3625, patty_stathokostas@scotiacapital..com