What could your hospice do with an additional $9.2 million? No matter what your organization’s financial situation is, there is almost always a need for more funding for building renovations and/or expansion, for new equipment and facility supplies, or to pay down debt and cover operational costs. Across the country, hospices face unique challenges to securing these needed funds.
For the Hospice of South Texas (HoST), the answer to their funding challenges was simple. They hired Convergent! Within 12 months, their capital campaign to fund the building of a new 12-bed inpatient facility had secured over $4.15 million. Additionally, the HoST team was able to capitalize on the groundwork laid during the initial phase of the campaign to continue raising funds. As of March 2017, they have secured a total of $9.2 million in pledges, surpassing their $8.5 million stretch goal and allowing them to move into their new building DEBT FREE! Learn more about their campaign.
Thinking of launching a capital campaign?
Convergent manages capital campaigns for hospices and other nonprofits. Our fundraising campaigns raise $500,000 to $20,000,000 and beyond from individuals, families, foundations, and corporations. This funding can be used for capital projects (renovations, expansions, new building projects, etc.), endowments, and operations.
Convergent Principal Andy Coe and Partner Tamera Toogood are looking forward to attending NHPCO’s Management & Leadership Conference in Washington, D.C. They will be available to meet with you for one-on-one, in-depth discussions about your hospice’s current funding needs. You can contact them directly to schedule an appointment or simply drop by Booth #217. While you’re in the exhibit hall, don’t forget to take advantage of our free cell phone charging station and drop your card to win one of two free copies of the book Asking Rights: Why Some Nonprofits Get Funded (and some don’t).