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Museum marks endowment milestone as donations, memberships and programs trend up
Summary
Trustees heard that combined endowments exceeded $1 million, membership and donations are up, Museums for All is a substantial access source and the foundation helped buy an underwater ROV for research; a reception to celebrate the endowment is planned for Nov. 15.
Advancement and foundation updates showed improving financial and programmatic trends and upcoming events.
Speaker 5 reported the combined endowment accounts were $1,056,000 as of Sept. 30 and about $1,066,000 in October, and said the museum will "celebrate the $1,000,000 mark, November 15" at a reception. He explained that once the general endowment account reaches $1 million the museum plans to draw on interest to support exhibits and…
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