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Member growth pushes big capital campaigns.(SPECIAL REPORT: NPT TOP 100)(Young Men's Christian Associations of the United States of America)
From:
The Non-profit Times
| Date:
November 1, 2005| Author:
| COPYRIGHT 2005 NPT Publishing Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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YMCA of the USA and the roughly 2,500 independent Ys have always used capital campaigns. But as membership numbers increase exponentially and the demand for expansion into new communities intensifies, YMCAs across the country are running their most ambitious capital campaigns yet.
According to Carol Schmidt, senior consultant, financial development at the Chicago-based YMCA of the USA (Y-USA), because the organization "owns a lot of property, it is very capital intensive with our buildings and our resident camps, and other sites. It drives us to need to be very conscious of ...
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