In January of 2010, Grantmakers in the Arts (GIA) launched its National Capitalization Project. Formed in response to the observation that it has been the norm for the nonprofit arts sector to be poorly capitalized, the project convened representatives from 16 regional and national funders of the arts, five subject experts and GIA staff in two intensive working sessions to learn together, and to begin a conversation about what funders might do individually and collectively to address this long-standing condition. Before the first session, TDC distributed a literature review to all participants. This literature review set a framework for two days of rich and vigorous discourse and debate. What emerged from the work together was a set of strategies that are both basic – what participants hoped every funder could agree to implement – and aspirational, those that we hope all will consider. Both types of strategies are outlined in the project summary.