Dr. Tom Thompson, President Olds College, Alberta

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1 Dr. Tom Thompson, President Olds College, Alberta

2 Governance and Philanthropy

3 Governance and Philanthropy Presented by: Dr. H. J. (Tom) Thompson, President, Olds College Blog: Olds College Website:

4 Governance and Philanthropy Introduction: How do you engage Board members financially? Participation? What is the role of a Board member externally? Philanthropy?

5 What do Policy Governance Boards Look Like? Obsess about outcomes Delegate means Operate by Policy Future Focus Know who the owners are Open and inclusive, but speak with one voice

6 Obsess on Outcomes 5 Institutional Outcomes Accessibility Responsiveness Centre of Specialization Accountability Sustainability 20 KPIs and 42 Measures Monthly monitoring / Annual Institutional Evaluation

7 Operate by Policy Board Member Orientation (Policy 2.F. Board Effectiveness) Committee responsibility of a Board member (Policy 5.J. and Appendix J) External Relations key publics (Appendix B) Giving by a Board member (Policy 5.A. Role of the Board)

8 Olds College Centennial Board of Governors Centennial Governance Team President Academic and Research Student and Support Services Advancement Outcomes: 1. To create and leave a tangible legacy for the benefit of Olds College and its students; 2. To work collaboratively with the College and community groups, cultural organizations, service groups, business, the media and governments; 3. To ensure the events are inclusive, accessible, affordable, fun and memorable and that they attract local, national and international attention; 4. To be accountable to the Olds College Board of Governors

9 Official Launch Olds College Centennial ACAC Curling Report ACAC Curling Championships AB Deans of Business Case Competition Growing the Legacy Gala AB 4H Provincial Communications Final Grand Opening of the Calgary Campus Equine Centennial Games Community Celebration J.C. (Jack) Anderson Charity Auto Auction 2013 World Plowing Championship Heritage Fall Golf Classic Centennial Homecoming Olds College Centennial Centennial Governance Team Advancement Centennial Merchandise and Products Marketed

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11 Centennial Results Outcomes: 1. To create and leave a tangible legacy for the benefit of Olds College and its students Signature events budget: $4.5 million Approximately $1M dedicated to the Entrepreneurial Legacy Fund 2. To work collaboratively with the College and community groups, cultural organizations, service groups, business, the media and governments Much of $4.5 million budget derived from collaboration with externals Example of media involvement: J.C. Anderson Auto Auction received global coverage with a potential viewing audience of 630,000, To ensure the events are inclusive, accessible, affordable, fun, and memorable and that they attract local, national and international attention Example: the World Plowing Championship had attendance of 11, To be accountable to the Olds College Board of Governors The Centennial Governance Team Chair reported quarterly at Olds College Board of Governors meetings over an approximate three-year period

12 Governance and Philanthropy: Random Digressions You can t catch an elephant with a mousetrap! The heart of philanthropy must come from the heart of the institution - Faculty! Can you share your primary philanthropy goal in a 30 second elevator speech? People and corporations will give to winning causes - not to the needy! Donors watch how you steward their first gift!

13 Governance and Philanthropy: Random Digressions Philanthropy is a process - research, cultivation, solicitation, stewardship! People respond to people! Heart first, head second! Money is attracted by strength! There must be a defined, well-articulated case for support! Be straightforward and forthright!

14 THANK YOU! Dr. H. J. (Tom) Thompson President, Olds College Blog: Olds College Website: