Building a Better Business – Capital Campaigns
Often, the biggest challenge to developing or improving a child care facility is raising enough money to pay for it. Many nonprofit organizations needing a new or improved facility carry out a “capital campaign” – an organized effort to raise a substantial amount of one-time funding to cover the costs of a building project. There are two primary phases for this kind of campaign:
1- Initial “quiet” phase:
Major commitments are sought early on, through face-to-face meetings with potential donors by the organization’s executive director and volunteer leadership including board members.
Rules of thumb:
- Roughly 60 percent of the total target should be raised from 15 or 20 “top” contributors.
- The very top gift should be between 10-15 percent of the total.
The traditional capital campaign described above can be challenging for small child care organizations without significant individual donors or established fundraising networks.
Read more about fundraising and capital campaigns in our resource guide, Child Care Center Facilities Development and Financing, here: https://riccelff.org/resources/riccff-resource-guide-volume-1-developing-early-childhood-facilities/
If your organization is ready to launch a capital campaign, contact our technical assistance team through our website: https://riccelff.org/our-services/technical-assistance/
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VIEW FULL NEWSLETTER HERE: November 2023 eNews