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To build anything, you're going to need at least I'd say $125k, maybe half that to buy a small house. 5k a year is nice, but ultimately you're talking about saving for 5-10 years to pay for the furniture.
Alumni (and in some cases investors) is the way these projects get done. I'll tell you something we did though. We did the part of our capital campaign focused on big donors, then when we got down to the asking for a couple hundred range of donors, we made it a matching funds campaign. Chapter would commit to saving through the year and then giving 15-20k at the end. And those lower range alumni donors matched funds. It made chapter save/contribute, and also motivated alumni to give.
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