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4 | OLD HEAT REPORT <br />To execute this campaign eff ectively, a clearly defi ned leadership structure is essential. <br />Because the University will own the building and oversee construction and long-term <br />programming, it must remain the ultimate steward of the project. However, successful <br />capital campaigns of this scale benefi t from a dedicated, agile fundraising vehicle. For <br />that reason, the recommended structure is the formation or designation of a 501(c)(3) <br />whose mission is specifi cally centered on economic development initiatives such as the <br />Old Heat capital campaign. This affi liated nonprofi t will operate in formal partnership with <br />the University while focusing exclusively on campaign execution. <br />The foundation will recruit a Campaign Cabinet composed of University leadership, <br />corporate executives, civic infl uencers, and philanthropic champions. It will negotiate <br />sponsorship agreements, steward donors, and coordinate campaign communications. <br />The University will retain ownership, oversee construction, and ensure mission alignment. <br />The 501(c)(3) will serve as the fundraising engine. Together, they create a hybrid <br />structure of governance for operations and fundraising while maintaining unifi ed strategic <br />direction. <br />Old Heat Capital <br />Campaign Pyramid <br />OLD HEAT $10M CAPITAL CAMPAIGN PYRAMID <br />Community Gifts <br />500K-1M <br />Major Area Sponsors <br />250K-1M <br />Corporate Anchor <br />3M-5M <br />Public Infrastructure & <br />Finance Tools <br />3M-4M <br />OLD HEAT REPORT | 5 <br />The execution of the campaign will unfold in deliberate phases. The initial six months will <br />focus on establishing the campaign entity, fi nalizing budgets and naming frameworks, <br />and securing public infrastructure commitments. The following six to twelve months will <br />constitute the quiet phase, during which the corporate anchor and major sponsors are <br />cultivated and secured. The goal during this period is to secure at least half of the total <br />campaign goal before public launch. Only once the campaign reaches critical mass will <br />it enter the public phase, marked by a formal announcement, media engagement, public <br />tours, renderings, and community outreach events. <br />Throughout the silent phase, brand development and master plan communication will <br />be critical. The Old Heat Building must be positioned within a broader campus vision. <br />It should be framed as the catalytic fi rst phase of a larger innovation and community <br />engagement strategy. Sharing renderings, storytelling through video, hosting tours, and <br />communicating milestones will maintain momentum and public enthusiasm. Campaign <br />momentum must not be allowed to stall; visible progress builds trust. <br />Equally important is operational readiness. As construction proceeds, the University <br />must clarify the long-term operating model for the building. Whether through internal <br />management or partnership with a mission-aligned nonprofi t or public-private operator, <br />Old Heat Capital <br />Campaign & <br />Construction <br />Timeline <br />JUNE 2026 - MAY 2028 <br />Final Fundraisng & Operational Readiness <br />Construction - Warm Shell & Core <br />Public Campaign Launch & Community Phase <br />Quiet Phase - Anchor & Major Sponsors <br />Public Funding Strategry & Applications <br />Campaign Entity & Budget Finalization <br />JU <br />L <br /> <br />2 <br />6 <br />O <br />C <br />T <br /> <br />2 <br />6 <br />JA <br />N <br /> <br />2 <br />7 <br />AP <br />R <br /> <br />2 <br />7 <br />JU <br />L <br /> <br />2 <br />7 <br />OC <br />T <br /> <br />2 <br />7 <br />JA <br />N <br /> <br />2 <br />8 <br />AP <br />R <br /> <br />2 <br />8 <br />JU <br />L <br /> <br />2 <br />8