SEPTEMBER 24, 2018
NASHUA PERFORMING ARTS CENTER
CAPITAL CAMPAIGN FEASIBILITY STUDY
PRESENTED BY: BETSY MCNAMARA
FULL CIRCLE CONSULTING
10 FERRY STREET, SUITE 301B, CONCORD NH 03301,
INFO@FULLCIRCLENH.COM, 603-219-0699
| This is a Conceptual Artistic Rendering
Next Steps
Immediate Issue(s)
=" Continue to position ourselves and focus
on obtaining a NMTC (Design/Operations
need to be finalized)
=" Transition into the Lead Gift Phase —
which is a quiet phase
=" Continue the work of the Steering
Cfo) palaalincs>
eyes
¢ City staff and a New Market Tax Credit
Consultant have begun the process to
apply for and secure an allocation of
New Market Tax Credits. The
expectation is that a letter of
commitment in the second quarter of
2019 be forthcoming and cash available
in by the end of 2019 (3 or 4th quarter)
©
Campaign
Readiness
* Jun - Oct 2018
* Feasibility study
* Case statement
and materials
* Budgets
+ Identify
prospective
donors (existing
and new)
* Identify and
Convene
Committee
Lead Gift
Phase
*Oct 2018- Apr
2019
*Lead Donor
solicitation
* Achieve 65% of
campaign goal
ampaign Strate
Major Gift
Phase
* May-Dec 2019
* House parties
* Foundation
proposals
* Individual visits
Fundraising
In partnership with the work group, Full Circle Consulting developed a case for support to tell
the story of why Nashua Performing Arts Center is worthy of charitable support, and then met
with 30 individuals/businesses/institutions of various backgrounds....
33% of those interviewed for this study describe themselves as already involved in the arts in
Nashua, 63% own or lead a business in the area, and 60% describe themselves as actively
interested in the future of downtown. Thirteen percent were all three.
Design
° We received 22 qualified responses
© (10 from CM firms and 12 from
Architecture/Engineering Firms)
° On October 8 a meeting will be held
with a subset of the Steering Committee
to review the various responses and to
plot next steps.
© Ideally we will have a firm selected by November
Operations
Met with various communities and discussed
differing methods to how PACs are operated
Reviewed various RFPs and Contracts
Spoke to Duncan Webb on two occasions for his
counsel
Developed a strategic guiding document to help
craft an RFP and develop operational guidelines
Developed an RFP that will be released this
week — responses are due by the End of October
— Seeking a 3'4 Party Operator
Where are we @
Steering Committee
Working Together
Get Involved!
