A few months ago, our PIBC board made a decision to hire Mickey Beckham as a consultant to develop a fund raising plan for the school. Mickey came well-recommended from our accrediting agency, TRACS, has been in the educational fund raising business for many years and has raised raised a large amount of money for several schools. Over the last few months he has been interviewing people that are closely, or even loosely, related to the ministries of PIBC to determine whether or not we are a good candidate for this type of fund raising program. The need is for both capital funds and regular annual fund donors. Originally, Liebenzell Mission International put about $1.5 million in to start the Guam campus. The campus has now grown way beyond the original plan in both numbers and program so a new infusion of funds for expansion is needed. In addition, we can no longer completely staff the campus with missionaries raising their own support. We need to have funds available to pay, especially local, staff and faculty.So last Thursday and Friday, Steve Stinnette (our VP of Advancement) and I met with Mickey near the Sacramento airport to go over the rough draft of his final report. Mickey was very excited about our potential to raise funds from several sources and gave us a plan to do it. Most of our students (from Guam and Micronesia) are from under-served minorities and so we qualify for some types of government grants. We will also be applying for foundation funds. Our most immediate need is to find donors to raise an annual fund that would be mainly for the purpose of paying the faculty and staff we need to maintain and expand programs. Our goals will be to find enough donors to raise up $500,000 per year in annual funds over the next five years. Our capital funds goal will be $5 million over the next five years. I laugh (see Abraham and Sarah in Genesis 17-18) as I write this, thinking about the enormity of the number. But, the need is definitely there, I believe this is what God is calling us to as a school and He is able to do the impossible, and now we have a strategy to do our part in what He is leading us to do.
Thank you, Mickey for your help and we would appreciate your prayers as we move forward with this plan.
1 comment:
You keep up the good work with the recruiting. Even though we missed you and Joyce very much at PIBC Days, we know you are doing important work for PIBC where you are! See you soon. Tell Joyce to read our blog for pictures of her visit to my Y&C class. Blessings!!!
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