December 8: Impact of Large and Small Capital Projects on Their Communities

submitted by Kevin Hoffman

Club Member and Past President Bob Sorge (left) and Tom Linfield (right) of the Madison Community Foundation (MCF) gave an informative, eye opening and thought-provoking presentation on the tangible benefits of non-profit capital projects on the Madison area. 

Bob gave background information on the MCF and the financial resources directed into the community.  MCF distributed about $29M in grants in 2020 that were largely directed by individual fundholders.  The MCF was also able to help other non-profits in the area leverage another $114M in resources from outside agencies for a total impact of $143M.  In addition, to create an authoritative reference for making informed giving decisions, the MCF has spent the recent past developing capabilities for researching and evaluating area non-profits.  The result has been the Greater Madison Nonprofit Directory which can be found on the MCF website.  This is a resource open to all community members. 

Tom covered the impact of capital campaigns on the Madison area by pointing out that buildings quickly become a community asset elevating the area surrounding the structure and becoming a center of development in the neighborhood.  New buildings also transform the non-profit’s capacity for services and development of resources to benefit the community.  Think about the impact that libraries, schools, health centers, community centers and affordable housing (to name a few) has on a given area.  There are about 15 building campaigns a year.  The financial impact is large not just for the physical buildout, but it also creates momentum within the non-profit for increased services, outreach, performance space, work efficiencies, and hosting/meeting space.  Once complete, this allows the non-profit entity to leapfrog to the next level to the community it serves.

If you missed our meeting on December 8, you can watch the video here: https://www.youtube.com/watch?v=QybkuIpEtT4&t=5s.

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