Finance & Fundraising Committee

Finance & Fundraising Committee

The Finance & Fundraising Committee plays a crucial role in safeguarding the financial integrity of the Central Texas Veteran Chamber of Commerce. This dedicated team is responsible for ensuring fiscal responsibility, crafting innovative fundraising strategies, and meticulously managing the chamber’s budget. By doing so, they support our mission to empower veteran-owned businesses and ensure the long-term sustainability of our organization.

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Key Summary of the Committee

The Finance & Fundraising Committee shall:

- Develop and oversee the chamber’s annual budget.

- Monitor financial performance and ensure transparency in financial reporting.

- Identify and implement fundraising initiatives to support chamber programs and activities.

- Ensure compliance with legal, tax, and regulatory financial obligations.

- Recommend financial policies and procedures for sound fiscal management.

- Work with sponsors, donors, and grant opportunities to secure funding.

- Report financial updates and fundraising progress to the Chamber Board.


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Leadership

- Chairperson: Leads meetings, ensures adherence to financial goals, and reports to the Chamber Board.

- Vice-Chair: Assists the Chairperson and assumes duties in their absence.

- Treasurer: Manages financial records, oversees accounting, and ensures accurate financial reporting.

Committee Members

- The committee shall consist of 5-7 members selected from chamber members in good standing.

- Members should have experience in finance, fundraising, accounting, or nonprofit management.

- All members must adhere to ethical standards and conflict-of-interest policies.


- Budget Planning: Develop and review the annual budget, ensuring alignment with chamber goals.

- Financial Monitoring: Conduct regular financial reviews and audits to maintain fiscal integrity.

- Fundraising Campaigns: Organize fundraising events, sponsorship opportunities, and donor outreach.

- Grant Writing: Identify and apply for grants that align with chamber initiatives.

- Risk Management: Assess and mitigate financial risks associated with chamber operations.

- Revenue Diversification: Explore alternative revenue streams to ensure financial stability.

- Maintain transparency in financial reporting to the Chamber Board and members.

- Provide updates on fundraising efforts and financial health through meetings and reports.

- Develop promotional materials and outreach strategies to attract sponsors and donors.