At present, endowment income accounts for only a small percentage of the total domestic revenue of CSROs in Indonesia. About seventeen percent of total domestic revenue sources comes from endowment income. Given that many of you may choose to embark on an endowment raising process, I wanted to draw attention to some questions we might want to consider in further discussions on endowments. Endowment-building experiences from around the world Before moving on to a discussion of these critical questions, I wanted to share with you some of our findings about good practices in endowment building from CSROs in Asia, Latin America and Africa. I pose these not as definitive answers to the challenges of endowment building, but rather as points of departure for our later discussions.
Consultation helps potential donors and partners feel a sense of ownership and inclusion.
However, consultation may also require compromises. Having sufficient financial resources for a fundraising effort can be a critical element of its success. Establishing a track record as an effective grantmaker will raise credibility for an endowment building effort. A good plan on how the endowment will be invested can convince potential donors to contribute. When possible, board members with investment experience should be involved in the investment management process.