Capital projects can be defined in two ways: a) by their amount (usually a gift of $10,000 or more in one year) or, b) by their purpose- for school improvements.
Purpose: The purpose of these projects for Catholic secondary schools is to fund such things as new buildings, facilities renovation and expansion, and major technology upgrades. They are called capital projects because they are larger amounts ($25,000+) committed over a period of three to five years- typically referred to as a “pledge period.” Their sole purpose is to fund school improvements through special funding initiatives with a specific dollar goal and a specific funding purpose for example, a new gym, renovated classrooms, smart boards for classrooms, upgraded athletic fields, etc.
Without a successful capital project plan, Catholic high schools would be unable to address their ever-present school improvement needs which would affect their ability to offer the best education possible and to compete effectively for students and faculty in today’s demanding and competitive world of secondary education.
In summary, capital projects are 100% focused on school improvement needs that will be completed within a specific period of time- usually 3-5 years.
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