$5M Capital Campaign
We are launching a capital campaign to purchase a business—Castle Rock Mini Storage—that will generate profits to underwrite rent and utilities at our two-story building in Sedona, Arizona, called the Red Western Tower. The Red Western Tower building houses Diamond Cutter Institute, Sedona College of International Management, Asian Classic Input Project, Asian Classics Institute, and Diamond Cutter Press.
Purchase of Castle Rock Mini Storage will generate a net profit of $175,000 each year. We will use this income to pay for overhead expense and maintenance of the building. This means that DCI, SCIM, ACIP, ACI, and Diamond Cutter Press can use the money they raise each year for programs, and will not have to use it to pay rent.
It will cost $5M to purchase Castle Rock Mini Storage. Won’t you please help?
We have raised $830,000 to date and made a down payment. Our next payment is due on September 15, 2019 for $1.4 million. Phase III will be $2.8 million, due in March 2020. We have a long way to go, and only a year to do it! Your help is essential to making our dream come true.
ACIP is overseeing the Capital Campaign and collecting the donations to purchase Castle Rock Mini Storage.
Your generous donation will help support the organizations you care about– DCI, SCIM, ACIP, ACI, and Diamond Cutter Press—in a truly meaningful way. You will see more programs, more events, more preservation, and more translations that will benefit all people. Please donate today.
Castle Rock Capital Fund
- All gifts to the Castle Rock Capital Campaign will be deposited to the Castle Rock Capital Fund, a restricted fund 100% dedicated to the purchase of Castle Rock Mini Storage.
- The Castle Rock Capital Fund will benefit DCI, SCIM, ACI, ACIP and Diamond Cutter Press.
- Once purchase of Castle Rock Mini Storage has been completed, the Castle Rock Capital Fund will be dissolved.