2013 Annual Report: Sustainability
Individual Giving Hits New Heights Under the leadership of Nikhil J. Bhatt, MD, Coordinator for Development, the Development Unit has actively worked to increase individual giving to the Foundation. The members of the Development Committee have engaged in promoting the work of the Academy and Foundation and have been instrumental in opening doors and making introductions to potential new donors. The Unit instituted new activities in order to achieve its goals. Champagne Reception: A donor stewardship and cultivation event was held during the AAO-HNSF 2013 Annual Meeting & OTO EXPOSM. The purpose of the Champagne Reception was to thank donors giving at the highest levels and to encourage active Academy members to upgrade from general Millennium Society member donations ($1,000) and move into the ranks of those contributing at the highest tier of philanthropic giving. This inaugural event was successful with multiple participants donating to the Millennium Society. Plans are already under way for next year’s Annual Meeting. Young Physician Leadership Grants: The Development Committee determined that successfully obtaining Hal Foster, MD Endowment or Millennium Society Life Member gifts in the future requires engaging our young physician members now. This demographic is defined as those members eight years out of residency or fellowship training and up to 40 years old. To support this goal, three Young Physician Leadership Grants were provided for this year. Each were given as two $500 travel stipends to be applied equally to help with the expenses of attending the AAO-HNSF 2013 Annual Meeting & OTO EXPOSM and the 2014 Leadership Forum. The three grantees attended various committee meetings at the Annual Meeting and have plans to become more engaged in the Academy/Foundation. The plan is to expand upon this program for FY15. Gifts from Individuals: $323,000 Millennium Society: The Development staff has been engaged in an effort to secure Millennium Society giving in FY 2013. The focus continues to fully engage the Board, as well as the Development Committee, in soliciting Millennium Society support. Development Committee members have contacted donors who have lapsed in their giving and encouraged their renewed support. As we close the books on the AAO-HNSF 2013 Annual Meeting & OTO EXPOSM, we have 428 confirmed Millennium Society members. Partners for Progress Participation: The Partners for Progress program continues to be an important source of our annual fundraising success. See the current Partners for Progress partners listing. As a forum for the exchange of information, Partners for Progress members have participated in conference calls with members of the AAO-HNSF staff leadership on a bi-monthly basis. At the Partners for Progress Annual Roundtable, members are provided the opportunity to network in person. HAL FOSTER ENDOWMENT GROSS Hal Foster, MD Endowment: Hal Foster donations are still being actively pursued. We are working to increase the number of prospects in the pipeline and close on some of the potential donors who have expressed an interest in the last few years, but have not yet made a commitment. On September 1, Steve Church of Creative Financial Concepts, Inc., became our referring agent for planned giving. Total Hal Foster, MD Endowment $10,340,000 Hal Foster, MD Endowment Significant Gifts Received This Year Planned Gifts-Life Policies $287,000 Planned Gifts-Bequests $614,000 Paparella Distinguished Award Endowment $160,000 Byron J. Bailey, MD and Margaret Bailey Humanitarian Travel Grant Endowment $50,000 Harry McCurdy, MD Resident Leadership Endowment $25,000 Women in Otolaryngology Endowment $14,600 Diversity Endowment $6,775 Harry Barnes Society Endowment $6,050 Total Endowment Gifts FY13 $1,163,425
Individual Giving Hits New Heights
Under the leadership of Nikhil J. Bhatt, MD, Coordinator for Development, the Development Unit has actively worked to increase individual giving to the Foundation. The members of the Development Committee have engaged in promoting the work of the Academy and Foundation and have been instrumental in opening doors and making introductions to potential new donors. The Unit instituted new activities in order to achieve its goals.
Champagne Reception: A donor stewardship and cultivation event was held during the AAO-HNSF 2013 Annual Meeting & OTO EXPOSM. The purpose of the Champagne Reception was to thank donors giving at the highest levels and to encourage active Academy members to upgrade from general Millennium Society member donations ($1,000) and move into the ranks of those contributing at the highest tier of philanthropic giving. This inaugural event was successful with multiple participants donating to the Millennium Society. Plans are already under way for next year’s Annual Meeting.
Young Physician Leadership Grants: The Development Committee determined that successfully obtaining Hal Foster, MD Endowment or Millennium Society Life Member gifts in the future requires engaging our young physician members now. This demographic is defined as those members eight years out of residency or fellowship training and up to 40 years old. To support this goal, three Young Physician Leadership Grants were provided for this year. Each were given as two $500 travel stipends to be applied equally to help with the expenses of attending the AAO-HNSF 2013 Annual Meeting & OTO EXPOSM and the 2014 Leadership Forum. The three grantees attended various committee meetings at the Annual Meeting and have plans to become more engaged in the Academy/Foundation. The plan is to expand upon this program for FY15.
Gifts from Individuals: $323,000
Millennium Society: The Development staff has been engaged in an effort to secure Millennium Society giving in FY 2013. The focus continues to fully engage the Board, as well as the Development Committee, in soliciting Millennium Society support. Development Committee members have contacted donors who have lapsed in their giving and encouraged their renewed support. As we close the books on the AAO-HNSF 2013 Annual Meeting & OTO EXPOSM, we have 428 confirmed Millennium Society members.
Partners for Progress Participation: The Partners for Progress program continues to be an important source of our annual fundraising success. See the current Partners for Progress partners listing. As a forum for the exchange of information, Partners for Progress members have participated in conference calls with members of the AAO-HNSF staff leadership on a bi-monthly basis. At the Partners for Progress Annual Roundtable, members are provided the opportunity to network in person.
HAL FOSTER ENDOWMENT GROSS
Hal Foster, MD Endowment: Hal Foster donations are still being actively pursued. We are working to increase the number of prospects in the pipeline and close on some of the potential donors who have expressed an interest in the last few years, but have not yet made a commitment. On September 1, Steve Church of Creative Financial Concepts, Inc., became our referring agent for planned giving.
Total Hal Foster, MD Endowment $10,340,000
Hal Foster, MD Endowment
Significant Gifts Received This Year
Planned Gifts-Life Policies | $287,000 |
Planned Gifts-Bequests | $614,000 |
Paparella Distinguished Award Endowment | $160,000 |
Byron J. Bailey, MD and Margaret Bailey Humanitarian Travel Grant Endowment |
$50,000 |
Harry McCurdy, MD Resident Leadership Endowment | $25,000 |
Women in Otolaryngology Endowment | $14,600 |
Diversity Endowment | $6,775 |
Harry Barnes Society Endowment | $6,050 |
Total Endowment Gifts FY13 | $1,163,425 |