Legacy Collective Launch Update

weekly update

for August 30, 2015

We had a great weekend in Austin, Texas. We wish you all could have been here. Our main hope as a board was to get together and celebrate what has already been accomplished, as we remain hopeful about the future.

Here are a few other things we are hoping for:

  • We want to be slow and intentional.
  • We want to keep things as simple as possible.
  • We want to keep our overhead as low as possible.
  • We want to empower our people as much as possible without rushing systems development.
  • We want to develop systems that avoid distractions and most effectively feed the two-fold vision of funding sustainable solutions and developing a truly connected giving community.

Outcomes:

  • Members are encouraged to do informal and organic gatherings in their area/region. (September 2015/Ongoing)
  • We will be evaluating and streamlining communications. (September 2015)
  • We will be moving from an Advisory Board to a Working Board. (October 2015)
  • We will be developing a process soon for formalized regional leadership. (October 2015)
  • We hope to land on a few optional dates for LC trips to evaluate and learn from what we are doing in Haiti, Ethiopia, and Austin. (October 2015)
  • We will develop a process for members, partners, and investors to nominate new non-profit initiatives (November 2015)
  • We will have another push for new members that includes regional leadership (November-December 2015)
  • We are discussing/developing the technology for “Giving Circles” to include donation of skills, abilities, professions, gifts, etc… (January 2016)

Update on Launch Weekend

340 people attended the event in one form or another.

More than 150 people toured the Community First Village.

More than 200 people attended the Investor Luncheon at the Salt Lick.

More than 300 people attended the party at the farmhouse.

 

Notes from the Investor Luncheon

Discussion of what we “Dream” of:

  • Exploring Sustainable Solutions for Systemic Issues (breaking cycles of poverty. Sustainable or tipping point project towards sustainability.)
  • Working with Indigenous Community Leaders who are Gospel Centered (save Transform Renew) and who know the people and who know the problems.
  • Extending dignity to those served in all projects.
  • Community Driven: Giving Community rallied around a vision and similar hope (tribe).
  • Keeping Money in the right hands (those on the ground doing the work).

 

Here’s an update on where we are with the collective as of 8/22/2015:

  • 707 Members / $24,000 collected / $12,000 month
  • 141 Partners / $29,000 collected / $13,000 month
  • 127 Investors / $66,000 collected / $32,000 month

(TOTALS)

  • 975 M.P.I.’s  / $119,000 collected / $57,000 month / $684K Year

We initially launched with three projects in mind thinking it would take a year or so to fund:

All three projects will be funded by Oct 1.

Where do we go from here? YOU!

Three key areas that are critical for LC:

  1. Finding and Vetting Projects
  2. Community
  3. Leadership

This is a collective, a movement of the people. Developing teams from the Investors to determine the HOW. Here’s the working proposal…

New Projects

  • Members, Partners, and Investors can submit proposals for supporting non-profits that meet our criteria of sustainable solutions to systemic issues. (There will be a form to fill out by 9/30/15 with guidelines and deadlines).
  • Board (lead team: due process vetting) will choose top 10 projects (one member submitted project, three partner projects, five Investor projects, and one board project.)
  • Each Giving Circle decides each month how much is funded per project.
  • Only pre-approved and existing non-profit partners can apply for grants.
  • We will develop a process in which each giving circle can nominate and approve grants from their circle (Partner and Investor only since no Member Circle Money is set aside for Grants).

Community

1) Regional Leadership: We are exploring the idea of develop regional leadership based on city centers and areas of movement. This can take two forms:

  • LC HUB Gatherings: Regional (informal) get togethers among LC members, partners, and investors. These are for the people and of the people including special events, dinners, and regional coffees.
  • LC Ambassadors: Our hope is to have official regional LC Ambassadors. Ambassadors will be Investors who have recruited in their area a specific amount (TBD) of additional Investors, Partners, and members. Once that goal is met, they will be commissioned and sanctioned to oversee regional dinners or fund raising events focusing on awareness and recruitment. Ambassadors will be invited to special LC leadership events, training, and promotions.
  • Regional Conferences: If we see significant movement in a certain region with both informal Hub Gatherings and official Regional Ambassadors, LC will consider having a regional gathering or conference with members of the board present to continue movement in that region.

(2) Leadership trips: Finding dates for trips to Ethiopia, Haiti, work trips to Community First in Austin to build micro-homes.

(3) Communication: We are evaluating and streamlining online communications (Facebook, Pure Charity, Emails, etc.)

Leadership

  1. Board: We are working on moving from an advisory board to a working board that will be task and process oriented. The first board will be appointed future boards will be elected by the membership. We hope to have a working board in place by Oct 1.
  1. Members: We want the circles themselves to appoint lead teams to develop and evaluate micro processes. To be honest, we’re not sure this is a necessary step since circles can already nominate projects and vote to determine how much they fund each project, so we’re evaluating this.
  1. Staff: Brandon Hatmaker is volunteering his time (no salary) to work over the next year as Executive Director of Legacy Collective.
  1. Leadership Systems & Technology: Board member TJ Harlacher & Mike Rusch were introduced to discuss technology and next steps.

Mike Rusch from Pure Charity spoke about Legacy Collective. He believes we have stumbled upon a new way of funding that will revolutionize how people give.

We closed the meeting with Q&A and prayer.

Thank you,

Brandon

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