At its Oct. 28-29 meetings in Colorado Springs, Colo., and during a subsequent teleconference on Dec. 20, the American Numismatic Association (ANA) board of governors passed a $5.55 million USD budget while committing to a fund-development program and membership growth initiatives.
The ANA will use 4.7 per cent of its investment principal—or $868,118 USD—toward its 2017 operating budget of $5.55 million USD. A separate capital budget of $91,340 USD was also approved.
“This year’s budget is a strategic deployment of ANA resources that will enable us to create a fund-development program and to implement a plan to increase our online presence with additional educational content,” said ANA president Jeff Garrett. “These ventures will help the association to grow its outreach to the numismatic community and beyond.”
A copy of the approved budget is available online at money.org/financial-reports. Minutes from the meetings will be published in a future issue of The Numismatist.
ANA PRIORITIES FOR 2017
At a strategic planning session on Oct. 28, the board of governors discussed ANA program priorities and the need to identify, develop, and promote new revenue streams. In a straw poll, the board also agreed that fund development and membership marketing are the association’s two highest priorities, followed by developing online content for money.org and cultivating strategic partnerships.
The board authorized hiring a fund-development staff person in 2017 who will focus on securing major gifts and planned bequests. During a teleconference meeting on Dec. 20, the board also supported hiring an online content manager. The positions will be funded from investment principal.
Other items discussed or determined at the October board meetings include:
- a discussion regarding the preparation of a candidate questionnaire for potential board-of-governors nominees for the upcoming ANA election in August;
- a presentation by governor Steve Ellsworth, chair of the development committee, on the committee’s fund-development action plan; and
- a discussion on the annual audit process led by treasurer Larry Baber that’s expected to be completed in February and will be available to the public prior to the National Money Show in March.