How to Manage Financial Hardship

[c mor]

a corps needs 1,000 people that believe in it enough to give $83.33 per month.

1,000 x $1,000 = 1 million

[Pete Freedman]

Looking back at Paul Milano's post, I would think DCI could create a standardized financial hardship methodology. This could consist of nothing more than a best practices document created by a group of fundraiser consultants (like Paul), directors who have been through this, and other interested parties, or could include a 'financial emergency response team'.

Of course, this could complement a standardized financial emergency prevention methodology, intended to prevent this from happening in the first place.

Separately from that, DCI could implement a rule that any DCI corps must gain DCI approval before taking out a loan. And submit to a DCI audit to do so. The logic is that DCI's accountants would be better able to spot typical drum corps financial finagling better than a bank would.