The Richmond ToolBank incorporated in February of 2013, and is an affiliate of the national parent organization, ToolBank USA (www.toolbank.org). We opened our doors on January 19th, 2015. Richmond is the seventh of eight incorporated ToolBanks in the United States. ToolBanks in Atlanta, Baltimore, Charlotte and Cincinnati will loan over 5 million in tools in 2014, equipping over 80,000 volunteers with tools to increase their impact and unlock greater potential for service.ToolBanks in Houston TX, Phoenix AZ, Richmond VA, and Portland OR are now fully operational and soon will be operating in Chicago. Additionally, several national nonprofit organizations with local chapters report vastly greater impact from those chapters who have access to a ToolBank. Among them are HandsOn Network, Habitat for Humanity, Rebuilding Together, Keep America Beautiful, KaBOOM, Cities of Service, and others. The Richmond ToolBank is building partnerships with these specific nonprofits in our community, in addition to others, such as Backyard Farmer. We have established a memorandum of understanding with HandsOn Greater Richmond, highlighting our commitment to working together.
Our goals are to increase program impact, including number of projects completed, volunteers equipped and money saved by our member agencies. Since our goals are clear and measurable, measurement of our plan’s success will be uncomplicated and definite. In the ToolBank’s first year, 10,000 Richmond area volunteers will be equipped with tools to complete projects. Richmond nonprofits will save more than $194,000 by borrowing (instead of purchasing) $200,000 worth of tools in the first year of the ToolBank’s operation. In addition, Richmond area nonprofits will complete 500 service projects in our first year.
Indirect Public Support HelpIndirect public support represents revenue received through solicitation campaigns. This includes funding United Way and other federated fundraising organizations, but does not include donor designated contributions.
Earned Revenue HelpEarned revenue represents income generated in direct exchange for a product or service.Earned income includes income from government contracts.
Copyright © 2014 The Community Foundation Serving Richmond & Central Virginia7501 Boulders View Drive, Richmond, VA 23225804-330-7400 | www.tcfrichmond.org