Over $11.4 Million Secured for HOLA’s Capital Campaign and New Arts & Recreation Center!
Fantastic News! Construction has started and we’re so proud to announce how close we are now to wrapping up our $13 million Capital Campaign. To date, HOLA has raised more than $8.4 million in cash and pledges from donors and foundations, including four recent major gifts from Brook and Pam Smith, The Walt Disney Company and the Wasserman Family Foundation. Recent facilitation of a connection to the County storm drain by our friends at the Department of Public Works and the office of Supervisor Mark Ridley-Thomas has also resulted in significant savings to the project. Additionally, HOLA recently closed on New Markets Tax Credits (a type of subsidized financing) that net the project nearly $3 million. This was made possible through support from the Weingart Foundation, US Bank, US Bancorp Community Development Corporation, TELACU and the Los Angeles Development Fund. With all of these sources and savings, we are very close to our $13 million goal, which is scheduled to open its doors in Spring 2018.
HOLA’s new Arts and Recreation Center will be a 25,000-foot state-of-the-art facility. The new Center will consist of modular structures, the majority of modulars built from single use shipping containers which have been converted to custom-designed activity rooms, community rooms, music rooms and creative lab spaces. Innovatively using containers drastically reduces the overall construction period while these recycled structures meet some of the highest “green standards,” greatly enhancing the building’s energy efficiency and reducing HOLA’s operating costs.
Building upon our innovative public/private partnership with the Los Angeles Department of Recreation and Parks, which is providing a long-term lease to HOLA at virtually no cost, we are able to direct all of the funds we have raised to the building. As a result, we will be able to ensure that the over 300 families on HOLA’s waitlists quarterly, are able to access critical programs and services like the YOLA at HOLA Orchestra Program in partnership with the LA Phil, STEAM classes and a variety of recreational opportunities.
“This new Center will provide hundreds more families each year with the hope and opportunities they seek to realize their dreams,”
says CEO, Tony Brown.
“HOLA has helped me to graduate high school when I had fallen off the right path, though through the music program, I was given my third chance at redemption and because of it, I reentered high school, graduated and I’m now a first generation college student. This new center will allow more kids to have their shot at redemption and they chance to pursue their own dreams, says HOLA Music Alumni, Miguel.
We can complete this campaign by the end of summer with your support, and we hope that you will please join us as we transform the community together.
We invite you to make a lasting impact on the next generation of HOLA youth as we double our capacity with the construction of our new facility! Become part of this legacy, today, by contributing to the Heart of Los Angeles (HOLA)'s Capital Campaign. Or find out more by contacting Chief Development Officer Brooke Lykins at 213.389.1148 or email@example.com.
None of this would be possible without Leadership Support from
Mary and Dan James, the Ezralow Family, Tom and Dana Riccard, the Roth Family Foundation, Wallis Annenberg and the Annenberg Foundation, The W.M. Keck Foundation, The Ahmanson Foundation, The Ralph M. Parsons Foundation, The Surdna Foundation, the Jerry and Terri Kohl Family Foundation, the Brook and Pam Smith Family Foundation, The Walt Disney Company, the Johnny Carson Foundation, the Burberry Foundation, Dan Floyd and HOLA's Board of Directors, the Rosenthal Family Foundation, the Wasserman Foundation, the Ruch Family, L.A. City Dept. of Recreation and Parks, the Weingart Foundation, Doug Champion & Gibson Dunn LLP., and many more wonderfully generous supporters.
September 11, 2017