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The Evolution of Chamber Capital Campaigns

October 27, 2016

Category: Reports, White Papers

The Evolution of Chamber Capital Campaigns

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As long as four years ago, data suggested that the “capital campaign” concept in the chamber world had reached the tipping point. Evolving since 1960 when the Metro Atlanta (GA) Chamber launched the first modern “superfund” campaign called Forward Atlanta, the capital campaign has morphed from trend to accepted practice in chamber funding. A 2005 ACCE “Quick Poll” showed that nearly 40 percent of chambers responding had implemented special funding campaigns. The poll further revealed that funds generated from these campaigns accounted for roughly 46 percent of those organizations’ budgets. My current estimate is that as many as 750 chambers have, at some point, launched and funded multi-year programs.

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“Birmingham Landmarks, Inc. certainly made the right decision in selecting NCDS to raise the $7 million needed to fully restore our sadly dilapidated and abandoned former vaudeville theatre in downtown Birmingham.  Your firm provided the wisdom and experience to position the project as worthy of support, then structured a winning campaign that was creative, energizing, and relentless in pursuit of the goal.  We were especially appreciative of your flexibility relative to our early cash flow issues, and even more so in the selection of the assigned NCDS Project Executive.  Because of the success and momentum of your phase of this exceptional campaign, the Lyric staff was able to continue seeking commitments utilizing tax credits, and the total raised now exceeds $11.8 million.  Thanks to NCDS, Birmingham can boast of having one of the most spectacularly restored performing arts theaters in America.”

Brant Beene, Executive Director • Birmingham Landmarks, Inc.

National Community Development Services, Inc.
6300 Powers Ferry Road, Suite 600-165
Atlanta, GA  30339
Phone: (404) 231-0730