News Archive

2/14/05 - Measure of Region's Charitable Need Released by Association of Baltimore Area Grantmakers


Fundraising goals for capital and endowment campaigns of Baltimore area nonprofits have remained steady since 2003, according to a survey released last week by the Association of Baltimore Area Grantmakers. A capital campaign is one in which funds will be used for construction, renovation, or improvement of a property and an endowment campaign is one in which projects will be financed using only the interest income from funds raised. While the overall goals held steady, the number of campaigns has increased. The combined goal of anticipated campaigns is also significantly higher than it was in 2003.

The economy was cited as the primary explanation for the rise in future fundraising goals, according to Betsy Nelson, ABAG Executive Director: "Future campaign plans are higher in their expectations, perhaps because some groups simply postponed starting a campaign when the economy became worse and now are feeling a little better about their chances of success, or it may be that the need has forced nonprofits to move forward," she said.

The 2004 survey lists 124 organizations from the Greater Baltimore area that are currently or anticipate conducting capital and/or endowment campaigns. The combined goal of current campaigns is $3,148,273,432. Of that sum, $2,259,956,357 has been raised to date; $888,317,075 remains to be raised. The combined goal of all anticipated campaigns is $116,570,000.

View more on the survey here.

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