Nov 5, 2012
Naturally, funding for not-for-profit foundations in a slow economy is not readily available. Many foundations have taken on aging academic and municipal buildings as a solution to getting up and running without incurring the high costs of a constructing a building of their own only to discover the ongoing maintenance and repair of an aging building is relentless and the cost of heating and cooling the building is astronomical. For organizations operating on very limited facilities budgets, building performance concerns can hamstring all other operations. Interestingly, as evidenced through our work with a local arts foundation in Belfast, Maine, spending money on renovating older structures could be the silver bullet for cash-strapped not-for-profits.