ToolBank – Tools for Hope
The Cincinnati ToolBank’s top priority right now is safely and responsibly supporting the community in any way that we can. Our staff is working remotely with the exception of our program manager who has been able to round up and donate N95 masks and several PPE items from our inventory to our local police department to Christ Hospital. We have been reaching out via social media and contacting their members directly to inform them of the availability of tents, tables, chairs and other appropriate equipment that is available to them at no cost. We are also considering how to be can best utilize our building and inventory to assist with immediate efforts as well as long term recovery.
The impact that COVID 19 will have on the entire community is uncertain. We anticipate that the Cincinnati Community ToolBank, like so many others, will experience hardships but we remain hopeful that we will endure. We have worked tirelessly over the years to build relationships and serve our nonprofit community. We have become a valued resource for over 400 nonprofit organizations in Greater Cincinnati and look forward to continuing to serve once the dust settles and it’s safe to resume our normal activities. This is the time of year that we are typically gearing up for our busiest season with more than 50% of the equipment borrowed each year going out in between March and June. Last year alone the ToolBank served 153 nonprofit organizations between March and June by providing over $825,000 worth of tools for many of Cincinnati’s largest volunteer events. The equally concerning part is the ripple effect those projects not being done and what this means for the community.
In addition to the estimated loss of program revenue of over $30,000 between March and June, the forecast is bleak for the ToolBank’s annual fundraising events Banking on our Community, Building on Our Community and Hammers & Ales. These revenue sources were forecasted to provide $125,000 in support of our general operating expenses.
We realize that the future of the ToolBank is uncertain. We also know that we’re not alone. What brings us hope is that the ToolBank has the ability to help make the most of everyone’s resources when the nonprofit community is ready to rebound from this. We look forward to being there to support our community and help our nonprofits get back on their feet. We hope that people can see that by supporting the ToolBank you are supporting all of our nonprofit partners. Our community can’t afford to see the ToolBank go anywhere.