37406 - Fundraising and Finance for Heritage Modulübersicht
| Module Number: | 37406 |
| Module Title: | Fundraising and Finance for Heritage |
| Mittelbeschaffung und Finanzierung für Erbestätten | |
| Department: | Faculty 6 - Architecture, Civil Engineering and Urban Planning |
| Responsible Staff Member: |
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| Language of Teaching / Examination: | English |
| Duration: | 1 semester |
| Frequency of Offer: | Every summer semester |
| Credits: | 6 |
| Learning Outcome: | Objectives Students will acquire a set of basic skills in budgeting, financial management and fundraising, which will allow them to estimate and acquire budgets, manage financial processes and present the economic impact and sustainability of heritage interventions. In this context the course emphasizes budgeting and financial administration requirements of major donor organizations for cultural heritage (EU, World Bank etc) and raises student’s awareness concerning the cultural diversity of global and regional approaches to fundraising and financing. Part 1: Finance for Heritage Management Students will gain familiarity with the key-concepts, terminologies and procedures of financial management as relevant to heritage projects. On the basis of exercises and scenarios, students will gain experience in budget estimation and allocation, cost categories, principles of accounting and financial reporting, as well as better understanding of auditing procedures. Part 2: Heritage Economics In this part of the course students will consider the economic impact of heritage conservation as well as its documentation to donors and decision-making. Concepts discussed include economic valuation models for heritage resources and tools to promote the economic valuation of heritage interventions, including economic impact analysis, feasibility studies, cost-benefit analysis as well as value chain models. Part 3: Fundraising for Cultural Heritage In the course on fundraising for cultural heritage students will be introduced to the ethics of fundraising activities in different contexts, including varying definitions of charitable organizations and purposes. They will understand the application requirements of major donor organizations in the cultural heritage field and will acquire competence to develop individual fundraising campaigns and understand different aspects of philanthropy, private investments, donor behaviour, and incentive models. |
| Contents: | Part 1: Finance for Heritage Management Budget estimation and allocation, budget structures and cost categories, accounting and financial reporting, auditing procedures and other processes of financial management Part 2: Heritage Economics Economic valuation models, economic impact analysis, cost-benefit analysis, feasibility studies, Economic sustainability concepts Part 3: Fundraising for Cultural Heritage Principles of fundraising, philanthropy, private investments and tax deduction schemes, CSR, online fundraising, event fundraising, Heritage grant and funding schemes |
| Recommended Prerequisites: | None |
| Mandatory Prerequisites: | None |
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| Teaching Materials and Literature: | Will be announced |
| Module Examination: | Continuous Assessment (MCA) |
| Assessment Mode for Module Examination: |
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| Evaluation of Module Examination: | Performance Verification – graded |
| Limited Number of Participants: | None |
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| This module has been approved for the general studies. | |
| Remarks: | In the event that the module cannot be taught or tested according to the present description (e.g. for reasons of infection protection), the alternatives communicated on relevant platforms (e.g. homepage or Moodle) apply. |
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| Components to be offered in the Current Semester: |
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