FundSvcs Community

Hello,

We're currently running a small capital campaign to renovate parts of our Track and Field facilities. The campaign has been doing well to the point where we are likely to meet our goal before the planned public push scheduled for later this year. We still want to do the public push to give people a chance to support the initiative as well as offer some naming opportunities that are still available (and have extra in case of any overages). The way this is set up with finance is that we have a specific fund for the campaign with all the gifts going into this fund. If we have substantial funds left over once the project is complete can the funds be used for general track and field teams operating needs or do the funds have to sit there in perpetuity since the donor's intent was to support a specific capital improvement?

Thanks

Hello,

We're currently running a small capital campaign to renovate parts of our Track and Field facilities. The campaign has been doing well to the point where we are likely to meet our goal before the planned public push scheduled for later this year. We still want to do the public push to give people a chance to support the initiative as well as offer some naming opportunities that are still available (and have extra in case of any overages). The way this is set up with finance is that we have a specific fund for the campaign with all the gifts going into this fund. If we have substantial funds left over once the project is complete can the funds be used for general track and field teams operating needs or do the funds have to sit there in perpetuity since the donor's intent was to support a specific capital improvement?

Thanks

Thanks, just to clarify the opt-out - as in send them a note stating that if they opt-out their gift will only be used for the capital project but if they don't opt-out we are free to use it for related means (track and field related programs)? 

We don't really have a plan at this point which is why I'm asking here. Would it be better to just cancel the public push (why solicit for funds we don't need and won't use was my initial thought when this was brought up)? Or just advertise during the public push that we've met the goal for the capital project, but they can still support the initiative in spirt with a gift to the track and field program of their choice and they could still qualify for a naming opportunity with a substantial gift to one of the programs?

Hello,

We're currently running a small capital campaign to renovate parts of our Track and Field facilities. The campaign has been doing well to the point where we are likely to meet our goal before the planned public push scheduled for later this year. We still want to do the public push to give people a chance to support the initiative as well as offer some naming opportunities that are still available (and have extra in case of any overages). The way this is set up with finance is that we have a specific fund for the campaign with all the gifts going into this fund. If we have substantial funds left over once the project is complete can the funds be used for general track and field teams operating needs or do the funds have to sit there in perpetuity since the donor's intent was to support a specific capital improvement?

Thanks

Thanks, just to clarify the opt-out - as in send them a note stating that if they opt-out their gift will only be used for the capital project but if they don't opt-out we are free to use it for related means (track and field related programs)? 

We don't really have a plan at this point which is why I'm asking here. Would it be better to just cancel the public push (why solicit for funds we don't need and won't use was my initial thought when this was brought up)? Or just advertise during the public push that we've met the goal for the capital project, but they can still support the initiative in spirt with a gift to the track and field program of their choice and they could still qualify for a naming opportunity with a substantial gift to one of the programs?

Hello,

We're currently running a small capital campaign to renovate parts of our Track and Field facilities. The campaign has been doing well to the point where we are likely to meet our goal before the planned public push scheduled for later this year. We still want to do the public push to give people a chance to support the initiative as well as offer some naming opportunities that are still available (and have extra in case of any overages). The way this is set up with finance is that we have a specific fund for the campaign with all the gifts going into this fund. If we have substantial funds left over once the project is complete can the funds be used for general track and field teams operating needs or do the funds have to sit there in perpetuity since the donor's intent was to support a specific capital improvement?

Thanks

Thanks, just to clarify the opt-out - as in send them a note stating that if they opt-out their gift will only be used for the capital project but if they don't opt-out we are free to use it for related means (track and field related programs)? 

We don't really have a plan at this point which is why I'm asking here. Would it be better to just cancel the public push (why solicit for funds we don't need and won't use was my initial thought when this was brought up)? Or just advertise during the public push that we've met the goal for the capital project, but they can still support the initiative in spirt with a gift to the track and field program of their choice and they could still qualify for a naming opportunity with a substantial gift to one of the programs?

Hello,

We're currently running a small capital campaign to renovate parts of our Track and Field facilities. The campaign has been doing well to the point where we are likely to meet our goal before the planned public push scheduled for later this year. We still want to do the public push to give people a chance to support the initiative as well as offer some naming opportunities that are still available (and have extra in case of any overages). The way this is set up with finance is that we have a specific fund for the campaign with all the gifts going into this fund. If we have substantial funds left over once the project is complete can the funds be used for general track and field teams operating needs or do the funds have to sit there in perpetuity since the donor's intent was to support a specific capital improvement?

Thanks