All tagged capital campaigns
What is a capital campaign? It’s a separate, time-limited effort designed to raise a specific dollar amount for new construction or a major renovation. The numbers are big and the way you raise that money looks different from your annual fundraising. They succeed because a small number of people give at levels they've never given before. Here’s where to start.
To help you begin processing the basics of what’s required of an organization beginning to plan for a capital campaign, use the following scorecard to evaluate your readiness. Share it with staff and board members and compare your results. Use it to get the conversation started.
Ask the Expert: Why do we have to wait to take our capital campaign public? In the capital campaign world, the best time to begin your public phase is after you have reached 90%-95% of your total goal through personal solicitations. Going public too soon can cost you major gifts.
Libraries often face unique challenges when it comes to raising funds for new facilities. Funding the gap between public dollars and the full cost of your building project will likely have you considering a library capital campaign. Let’s explore the specific challenges faced by libraries during capital campaigns and how a bond election might impact a campaign.
There are five very basic stages to plan for if you’d like your capital campaign to be successful. If you are considering the transformative decision to embark on a capital campaign, study them now.
Are you a nonprofit executive director facing pushback from your board on hiring a capital campaign consultant? If your board is hesitant to invest in getting the expertise and support you need to do it right, share these reasons why hiring a capital campaign consultant can significantly impact your organization's fundraising success.
