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2012 DMF GHD
DMF GIVING HEARTS DAY 2012
On February 14, 2012, Dakota Medical and Impact Foundations will host our 5th annual Giving Hearts Day. Each year, there is a competitive application process for nonprofits to participate in Giving Hearts Day because of DMF's budget limitations. Because of the limited amount of funding available, not all organizations that meet the defined criteria are invited to participate. In previous years, participation has also been limited to health-related nonprofits. This year, DMF and Impact have invited select non-health related nonprofits to participate by raising their own match funding from individuals, corporations or foundations prior to Giving Hearts Day. It is our goal to eventually be able to invite all nonprofits that meet the criteria below to participate in Giving Hearts Day.
In 2012, nonprofits were selected to participate based upon the following criteria:
- Organization must be a High Impact Nonprofit (see www.impactgiveback.org keyword - Impact Nonprofit):
- The nonprofit organization has a strategic and/or operating plan(s).
- The strategic and/or operating plan(s) include measures and achievements that are reviewed by the Board of Directors at least annually.
- The Executive Director's performance is reviewed annually.
- The organizational budget is approved by the Board of Directors annually.r
- An independent financial audit is performed yearly and is available for public inspection, or an independent financial audit is not performed yearly, but financials are reviewed by the board regularly.
- Organization must have a significant local presence (i.e., physical office); active programming within North Dakota or western Minnesota, local governing control, and attest that 100% of the money raised will be used locally.
- Organization must have at least one full-time paid staff position.
- Organization must be an IRS tax-exempt organization.
- Organization must have actively participated in Impact Institute High Impact Fundraising training (4-day training program).
- Organization must have a current one-year premium membership on www.impactgiveback.org.
- If a previous participant in Giving Hearts Day, the nonprofit must have raised a minimum of $2,500.
- Organizations must be invited to complete a brief Giving Hearts Day application and submit the application by the deadline, with the Board of Directors of each organization confirming to DMF and Impact that their organization is operated in an ethical, sound and efficient manner.
For Giving Hearts Day, DMF provides matching funds to a limited number of health-related nonprofits. Availability of matching funds is based on annual budget limitations. Participants not receiving DMF matching funds will be required to secure a $4,000 match from an external funding source(s). Organizations that are required to raise their own match will need to provide DMF and Impact Foundation with a letter from their board chair confirming that a match has been secured.
Each year, the Foundations expand participation in Giving Hearts Day. Successfully adding more organizations requires a significant amount of communication, education, and individual technical assistance. Accordingly, not all eligible organizations can be included in the online fundraising event.
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