Fund for Capital Improvements

Fund for Capital Improvements


In 2014, the Osteopathic Heritage Foundation and The Columbus Foundation formed a funding partnership to support capital campaigns and projects designed to improve the delivery, quality, and efficiency of nonprofit programs and services that serve vulnerable populations in Franklin County. Through the Capital Improvement Funding Partnership, the Osteopathic Heritage Foundation and The Columbus Foundation will jointly solicit, review, and fund capital grants in support of established and effective local nonprofit organizations.

 

Requests that enhance and improve services and programs will be given high priority.

 

Funding will be considered for:

  • Capital Campaign: A time-limited fundraising effort with a financial goal to fund property acquisition, construction, or major renovation. Campaigns with a completed feasibility study will be the most competitive.
  • Capital Project: A request for equipment or similar Items.

 

Previous grants funded through the partnership ranged from $17,000 to $250,000, with the average grant in 2014 being approximately $90,000. In 2015, the typical grant is expected to be $50,000 to $100,000.


Competitive Applications

 

The most competitive applications will meet the following criteria:

  • Capital Campaigns with a completed feasibility study.
  • Capital Campaigns/Projects that have made reasonable progress toward the goal.
  • Capital Campaigns/Projects that have a strong plan for funding ongoing operating expenses resulting from the completion of the new capital investments.
  • Capital Campaigns/Projects that improve the quality of life and have direct client impact.

Grant Application Process

 

  • Complete and submit the Letter of Intent (LOI) form. This form is accessible approximately four to six weeks before the deadline.
  • Letters of Intent must be submitted by the first Friday in June. View Workshops & Deadlines for the specific deadline date.
  • Only applications that best fit the Osteopathic Heritage Foundation and The Columbus Foundation’s grantmaking interests and are strongly competitive will be asked to submit a Full Proposal. Capital grants are highly competitive, with select Letters of Intent moving to the Full Application stage.
  • Applicants will be notified of the Full Application deadline by email.

Requirements

 

  • The organization must have a primary impact in Franklin County.
  • A complete and up-to-date PowerPhilanthropy portrait is required for submission of the Full Application.
  • Organization audits are included in PowerPhilanthropy portraits; please refer to the Foundation’s Audit Requirement and Exemption Request Form.
  • Grantees must submit a Final Report, due 30 days following the end of the grant period.

Staff Contacts

 

We are not currently accepting meeting requests to discuss capital campaigns or projects, but email inquiries are welcome and may be sent to Ann Dodson. Meetings will be scheduled with nonprofits that submit a Letter of Intent that advances to a full proposal.

 

For technical assistance, contact Melissa Neely.