A riveting conversation with Patty Russart, the CEO of Tool Bank USA. Amidst the backdrop of connecting innovation with leadership, Patty unveils the workings of Tool Banks, showcasing their profound utility for nonprofits!
Patty begins by describing how Tool Bank functions as a “business to business” entity, catering exclusively to nonprofits and charitable organizations. She details the seamless process wherein nonprofits can easily access a huge array of tools for their projects, by borrowing tools online and picking them up from the closest Tool Bank location at a fraction of the normal cost.
Throughout the interview, Patty focuses on the multifaceted nature of Tool Banks, dispelling the notion that they merely offer conventional tools like hammers and shovels. With over 900 different tool types in their inventory, including event equipment and sophisticated machinery like mulchers, Tool Bank USA transcends traditional limitations. As Patty says, “I think currently we have just over 900 different tool types in our inventory…it’s not just your traditional hammer, wheelbarrow, ladder…we’re starting to get more sophisticated tools…one of the biggest things is…we are getting a very large mulcher for our disaster services program.”
A key aspect of Tool Bank’s growth strategy involves fostering community engagement and collaboration, and Patty describes the role of local initiatives, such as Birmingham’s Magic City Tool Bank, which secured funding through a city grant, showcasing the grassroots support essential for expansion.
Patty also shed light on Tool Bank’s disaster services program, showcasing its pivotal role in providing essential tools and resources during crises.
The conversation also digs into the operational mechanics behind establishing Tool Bank affiliates in new communities. Patty outlined some of the criteria, including community need, warehouse space availability, and funding, emphasizing the organization’s commitment to facilitating rapid expansion while maintaining sustainability.