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donations are solicited on the website and in ev ery program, <br />including information on legacy giv ing. <br />Realizing that our members are our primary source of rev enue, the <br />Board initiated steps to re-create a culture of organizational <br />ownership in 2018 and 2019. Social ev ents (A Season Opening party <br />and a W rap Party in 2019) were well-receiv ed and helped to increase <br />the culture of social ownership as well as fiscal responsibility. <br />Membership increased ov er the 2019 season, in positiv e response to <br />Stephen Futrell’s style, musicianship, and div erse programming. <br />Additional members increase rev enue from dues, ticket sales, <br />donations, and fundraisers. <br />Members solicit adv ertisements from area merchants and <br />corporations for publication in our program. In v iew of the effect of <br />the pandemic on small businesses and concerts restricted to <br />perhaps only May of 2021, this rev enue will be sev erely reduced. <br />Historically program adv ertising rev enue generates ~8% of the <br />operating funds. Chorus members undertake one major fundraiser in <br />the Fall (pecan sales) which generated about $4,400 in income last <br />year. A new Spring fundraiser was initiated in 2019. The GoFundMe <br />campaign met its’ goal of $5,000 and will be used twice this year. <br />Members also routinely contribute about $4,000 annually in gifts of <br />dues to “sponsor a singer” who cannot otherwise afford to join <br />VOICES (typically graduate students). <br />A program to solicit corporate and foundation sponsorships was <br />launched in the 2019 season. Giv en the pandemic VOICES <br />anticipates pausing this year and re-launching in 2021-22. Members, <br />howev er, will continue to solicit their employers’ matching <br />contributions. VOICES has been activ ated as a non-profit choice on <br />both Amazon Smile and Giv ing Assistant rebate programs. <br />Donations from these sources are relativ ely small but should grow <br />with increasing member awareness. <br />VOICES has been blessed to receiv e an endowment in honor of Joel <br />J. and Eleanor Cely Carter, created by their children. It has steadily <br />grown to a current balance of about $39,700. This fund exists <br />specifically to showcase new composers or support commissions of <br />new choral works. It can also be used to meet unexpected operating <br />needs. VOICES encumbered $5,000 of this fund to support the <br />commissioned work this year. A successful campaign in 2018 funded <br />another small endowment to honor the artistic legacy of our Director <br />of 18 years, Sue Klausmeyer. This fund will ev entually support unique <br />instrumentalists, organists, soloists, and other enrichment needs. <br />High-grade secure inv estment v ehicles hav e been researched and <br />selected, which will prov ide passiv e growth of the principle while <br />future campaigns will activ ely grow these assets. <br />DocuSign Envelope ID: 9F1C561B-832A-4222-87B0-7A0980362B9B