Nonprofits quest for cash

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Nonprofits' quest for cash Nearly 20 capital campaigns for Hawaii nonprofits are taking off, pursuing a total of $182 million in funding. They have already secured $94.6 million. See how they’ve raised the money, and how they plan to get to the finish line

By Lorin Eleni Gill – Reporter, Pacific Business News Jan 22, 2016, 1:00am HST Updated Jan 22, 2016, 3:52pm EST Hawaii nonprofits are off to the races on their capital campaigns — there are nearly 20 going on simultaneously across the state. Most projects are to improve or build new facilities. ¶ The timing feels right, as the economy has improved, says Hawaii Community Foundation CEO Kelvin Taketa. “It’s a reflection of the fact that the economy is so much better,” he said. “Nonprofits are feeling optimistic about their ability to secure capital. Since the recession that preceded it, pent up demand is now coming on board.” But Hawaii poses a challenge to nonprofits, as there are only so many corporations and high networth individuals living in the Aloha State. “It’s going to be really difficult,” Taketa said. “Capital campaigns require larger multi-year gifts from businesses, foundations and individuals, and so the capacity of those kinds of givers to support all of the capital needs in Hawaii is probably limited. Most of the major corporations would be hit up for many of these campaigns.” State and county government dollars have also contributed to nonprofit capital needs, but those funds are limited. The 17 nonprofits amid capital campaigns are seeking a total of $182.13 million. The organizations have secured a minimum of $94.6 million to date. PBN spoke with nonprofits at all stages of their campaigns to see what made them ready to take the leap, and how they’ve been able to raise what they have secured so far. Economy flux The Nonprofit Research Collaborative fundraising survey found 12 percent of its 1,000-plus organizations were conducting capital campaigns in 2011. That figure jumped to 46 percent of


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