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<br />Financials <br /> <br />Funding Sources, Plan for Sustainability <br /> <br />Initial funding will be requested through support/start-up donations from individual Ramsey <br />residents and businesses. <br /> <br />Additionally, the City of Ramsey Foundation, Inc. will conduct some or all of the following: <br />. Grant Solicitation <br />· Grants will be used to supplement funds, specifically for larger or ongoing <br />projects or for operations (may not be available to a City Foundation from a <br />private foundation grant-maker). Two grant types will be sought: <br />o Foundation Grants <br />o Government Grants <br />. Mail Solicitation <br />· Letters to prospective Foundation Members/Supporters <br />. Personal Solicitation <br />· Follow-up contacts after a letter campaign <br />. Website Donations <br />· Accept donations through future Foundation website, should such be in <br />compliance with Foundation By-Laws <br />· Accept donations through another organization's website, should such be in <br />compliance with Foundation By-Laws <br /> <br />. Other <br /> <br />· It is likely that the Foundation may host fundraising events at a future time, but it <br />is the Foundations wish to focus on personal solicitations and grants for initial <br />funds, not event fund raising. <br /> <br />2006 Form 1023 Projections: Overall Revenue and Expenses <br />Overall first year fundraising goal: $10,000 (gifts, grants, contributions) <br />· Net: $7,500 <br /> <br />Overall second year fundraising goal: $15,000 (gifts, grants, contributions) <br />· Net: $12,500 <br /> <br />Overall expenses for operation the first year and second year: $2,500 <br /> <br />Ramsey Found.ation Charter Business Plan 2006-07 _v1, Page 15 of 15 <br />