31
Arts as Industry
Fundraising Campaigns
Portfolio organizations are in the process of raising $1.1 billion in capital and endowment campaigns. To date, they have raised $608 million (55%) of this combined goal.
Nonprofit organizations generally engage in multi-year efforts to raise funds for endowments or to build, renovate, or add to buildings. The Portfolio organizations are currently engaged in 92 capital and endowment campaigns with a combined fundraising goal of $1.1 billion. This is equivalent to approximately two times their current annual expenditures. Overall, Very Large and Large organizations are well on their way to meeting their goals. Medium and Small organizations, on the other hand, have much further to go.
62 participating organizations are currently engaged in bricks-and-mortar fundraising campaigns with a combined goal of $691 million. As of December 2005, these 62 organizations reported having raised $423 million (61%) toward their goals. The Very Large organizations are the furthest along in their fundraising campaigns with $237 million of $300 million raised. 30 organizations are currently engaged in endowment-building campaigns to raise $411 million. The majority of these campaigns (16) are being undertaken by the group of Large organizations. A total of $186 million (45%) has been raised so far.
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