Michener Art Museum

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Endowment Opportunities

In 2000, the James A. Michener Art Museum embarked on a campaign to “secure the future.” This campaign created a $7 million endowment fund for acquisitions and collections care. This fund has allowed the museum to increase its pace of collecting and strengthening the collection. The Michener Art Museum continues to seek additional funds to increase the size of the endowment to assure its ability to increase and maintain an outstanding collection. Great art deserves a great home, and a great community deserves a great art museum. We invite you to partner with the museum to “secure the future.”

What is an endowment?

An endowment is a fund established within the institution that provides a predictable, independent source of income from year to year and lies in perpetuity with the Michener Art Museum.

How does an endowment work?

The endowed fund (the donation) is invested in accordance with the Michener Art Museum’s policy governing endowments. This investing creates income in the form of interest, dividends and gains. In accordance with museum endowment spending policy, a portion of the income is spent for the purpose stated by the donor in their agreement and a portion of the income is rolled back into the endowed fund to help grow the principal. As a general rule of thumb, approximately 5.5 percent is available to be spent each year. (Example: $500,000 cash donation for endowment creates $27,500 in available annual income for the museum). This policy allows for the continual growth of both principal and income and, in this way, the fund lasts in perpetuity.

For assistance or additional information about making an endowment gift, please contact Laurie McGahey, Senior Director of Advancement at 215.340.9800 ext. 161 or via e-mail.

Current Named Endowment Funds open for contributions

Endowment Naming Opportunities

We invite you to partner with the museum by making a gift to the endowment. Listed below are opportunities to name a specific fund.

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