Capital investments in nonprofit infrastructure, such as support for capital equipment, facility expansion and renovations, technology upgrades and vehicle acquisition, can help enhance an organization’s impact by reducing operating costs, increasing revenue, developing process efficiencies, and ultimately, increasing access to and the quality of available services for low income, vulnerable populations. Further, capital investments help build the long term assets of nonprofit organizations. Despite these benefits, at the national level, the percentage of support invested in capital improvements is relatively low, 19% according to the Foundation Center, when compared with other types of philanthropic investments.
Over the past eight years, the Osteopathic Heritage Foundation has prioritized capital investments to strengthen the delivery of needed health and human services to vulnerable populations in Franklin County. To learn more about the Foundations 2008-2011 Capital Improvement Initiative, read Strengthening the Nonprofit Infrastructure.
In 2014, Osteopathic Heritage Foundation and The Columbus Foundation formed a capital improvement funding partnership to support capital campaigns and projects designed to enhance service delivery and increase the efficiency of nonprofits serving vulnerable populations in Franklin County. Through the partnership, the foundations jointly solicit, review and fund capital grants in support of established and effective local nonprofit organizations.
Capital Improvement Funding Partnership: Year One Investment Summary
In the inaugural year of the partnership, the foundations approved more than $1.8 million in support to 21 central Ohio nonprofit organizations working to address significant community issues, including homelessness and access to behavioral health care. Investments in the first year of the partnership also demonstrated the value of philanthropic collaboration for achieving greater community impact.
Celebrating our ongoing partnership with The Columbus Foundation to respond to capital needs in our community.