A recent story in the Birmingham (Ala.) Business Journal reported that so many local nonprofit organizations are competing for private capital to fund their building projects that there might not be enough money to go around. Among those projects is a new $25 million, 4.1-acre headquarters campus for the Salvation Army. Phase 1 of that construction—which includes a renovation of a former elementary school—is being funded by a campaign that raised more than $15 million, including $1 million pledged by Jim Gorrie, CEO of Brasfield & Gorrie, the GC on this project.
Birmingham is among the metros reaping the benefits of a spurt in nonprofit building. A recent article posted on the website of The NonProfit Times singles out several major capital campaigns to finance new construction of museums, hospitals, theaters, and other venues, at a time when contributions from local, state, and federal governments, while still essential to many organizations’ building strategies, aren’t as certain or steady as they once might have been.
Leading this charge has been The Smithsonian, which in October 2014 launched its first-ever fundraising campaign, with a goal of raising $1.5 billion, the largest ever for any cultural institution. (About $1 billion had been pledged even before the campaign officially got rolling.)
A portion of the $540 million 400,000-sf National Museum of African-American History and Culture, which opened in September, was financed by private donations. Most of the Smithsonian’s exhibits and programs are privately funded. And about 40% of the institution’s salaries and maintenance are defrayed by donors, compared to 30% prior to its initiating the fundraising campaign.
The NonProfitTimes also points to the American Museum of Natural History in New York, which has offset a decline in income from investments by contributions that rose to $160 million in 2015, from $78 million the previous year, mostly from a handful of major donations.
This museum is currently adding to its Rose Center for Earth and Space with a $325 million, six-story, 218,000-sf Richard Gilder Center for Science, Education, and Innovation, scheduled for completion in 2019. The 84-year-old financier and philanthropist Richard Gilder contributed $50 million to this project, the largest single donation in the museum’s history.
New York City kicked in $15 million for this addition. The city is also playing a financing role in other cultural construction projects, such as the 57,500-sf “Ocean Wonders: Sharks!” exhibit in Coney Island. The city made a “major gift” to the Harlem Children’s Zone, which in 2015—the first year of its capital campaign—raised $193 million, versus $78 million in 2014.
The Task Force for Global Health, a nonprofit health organization in Decatur, Ga., is working with DeKalb County to acquire a six-story government building that would triple the square footage of this organization’s existing headquarters. The Task Force will soon launch a $15 million capital campaign to pay for the $12 million purchase and renovating the building.
Related Stories
| Oct 15, 2014
Harvard launches ‘design-centric’ center for green buildings and cities
The impetus behind Harvard's Center for Green Buildings and Cities is what the design school’s dean, Mohsen Mostafavi, describes as a “rapidly urbanizing global economy,” in which cities are building new structures “on a massive scale.”
| Oct 15, 2014
First look: Blueprint revealed for proposed High Line project in Queens
Yet another High Line-esque project has been proposed, this time in Queens. A blueprint has been developed for a 3.5-mile stretch of abandoned railroad tracks, which would connect Rego Park to Ozone Park with a walkway and bike path.
| Oct 14, 2014
Proven 6-step approach to treating historic windows
This course provides step-by-step prescriptive advice to architects, engineers, and contractors on when it makes sense to repair or rehabilitate existing windows, and when they should advise their building owner clients to consider replacement.
| Oct 12, 2014
AIA 2030 commitment: Five years on, are we any closer to net-zero?
This year marks the fifth anniversary of the American Institute of Architects’ effort to have architecture firms voluntarily pledge net-zero energy design for all their buildings by 2030.
| Oct 10, 2014
A new memorial by Zaha Hadid in Cambodia departs from the expected
The project sees a departure from Hadid’s well-known use of concrete, fiberglass, and resin. Instead, the primary material will be timber, curved and symmetrical like the Angkor Wat and other Cambodian landmarks.
| Oct 8, 2014
First look: Woods Bagot unveils plans for new Christchurch Convention Center
The locally-inspired building is meant to serve as a symbol of the city's recovery from the earthquake of 2011.
| Oct 6, 2014
Frank Gehry's $100 million Eisenhower Memorial gets preliminary approval
After a rejection earlier in the year, Frank Gehry has gotten some good news: his revised design for the Dwight D. Eisenhower Memorial has received approval from the National Capital Planning Commission.
| Oct 2, 2014
Budget busters: Report details 24 of the world's most obscenely over-budget construction projects
Montreal's Olympic Stadium and the Sydney Opera House are among the landmark projects to bust their budgets, according to a new interactive graph by Podio.
| Oct 1, 2014
10 iconic modern buildings first to receive 'Keeping it Modern' conservation grants from the Getty Foundation
Frank Lloyd Wright's Robie House and Jørn Utzon’s Sydney Opera House are among the buildings to receive grants.
| Sep 29, 2014
Snøhetta releases final plan for terraced central library in Calgary
The competition-winning New Central Library is now in the final design stages, after two years of community engagement on the part of design firms Snøhetta and DIALOG.