Museum Endowment Fund

[John Kokas]

Does our current bylaws allow for the creation of an endowment fund?  There are many museums and 501c3 organizations which have them for general contributions and also for large donations as part of settling an estate or other non-taxable donations in-kind.  If we don't, then I would suggest that we seriously look at opening one so that donations can be recieved and "high-income" and/or corporate funding can be secured.

P.S. even universities have them.  I believe that either Havard or Dartmouth have endowments in excess of $1.0 Billion.....

[James Patten]

We do have an endowment fund, however it is a very modest $15K or so.  That's mainly the donations we've received for it over the last several years.  We
pulled out of the market before it lost everything.

If you have a million or so burning a hole in your pocket, your Endowment will be happy to take it.