Capital Planning and Education

• Review operations, financial position, fundraising history, management and board in the context of capital planning
• Review strategic plan or make recommendation to initiate planning process
• Recommend appropriate plan of finance for capital project:
  • Work with staff and/or fundraising counsel to assess capacity to raise capital donations.
  • Determine appropriateness of and capacity for long term debt financing.
  • Outline components of proposed plan of finance, i.e. the plan could include a capital
  campaign, tax-exempt bond financing secured by a letter of credit and/or a foundation guarantee, and a bridge loan from a community loan fund.
• Educate management and Board throughout planning process, particularly regarding expectations, due diligence and options for fundraising and debt financing.
• Prepare preliminary project timeline and sources and uses of funds to include all aspects of development (i.e. collaboration planning, bricks and mortar, capital campaign, financing)

Pre-Development and Project Coordination

• Review ownership options such as purchase, long-term lease, multi-tenant collaboration, campus, new construction or renovation
• Review existing project assumptions including program size and definition, space planning, architectural drawings, cost estimates and sources and uses of funds.
• Strategize with staff and leadership to define current vision and space needs.
• Assist in selection of broker and project manager (as needed) and preliminary design and cost estimating team to produce revised project definition and estimates.
• Assist in selection of architect, contractor, and project manager, as appropriate.
• Strategize with legal and architectural team to obtain entitlements.
• Assist in oversight of design process.
• Oversee lender requirements for project.
• Ongoing, assist in project coordination throughout predevelopment process and through constructon period as needed.

Collaborative Partnerships

• Assist in identifying potential site partners who can strengthen the vision and/or bring additional sources of funds to the project.
• Meet with potential site partners to determine appropriate fit.
• Assist in negotiations with collaborative partner(s) to define respective roles regarding fundraising and financing.
• Clarify expectations and assumptions for ownership and control prior to construction, during construction, and upon occupancy.
• Ongoing participation in partnership meetings and activities.

Financial Advisory Services and Planning for Debt Financing

• Obtain sufficient internal analysis to make a preliminary decision on whether to pursue debt financing.
• Educate Board and management regarding appropriate financing options including bank loans, bond financing, new markets tax credits, program related investments, alternative loan sources
• Determine preliminary plan of finance and appropriate combination of organizational equity, capital campaign,and debt financing.
• Assist in selection of financing and legal team
• If feasibility study or business plan is required, help select and work with consultant.
• If bond financing is indicated, review options for obtaining credit enhancement through insurance, a letter of credit or through a parent organization or foundation guarantee(s).
• Assist in preparation and submittal of application(s) to lender or credit enhancer, and to any other financial institution who is a party to the transaction.
• Assist, as needed, in meeting lender requirements for design and construction.
• If needed, identify and assist in obtaining bridge financing prior to close of financing and/or prior to close of capital campaign.
• Assist management during document review and financing phases

Capital Campaign Planning

• Assess current giving of organization’s ongoing funders and individual donors.
• Determine need for capital campaign feasibility and planning study and assist in selection of consultant.
• Assist in selection or hiring of fundraising staff if not already in place
• Assist staff and consultants in designing capital campaign plan, especially as it relates to financing options and design and development aspects of the project
• Mentoring fund development and/or capital campaign staff
  

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