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Museum outlines Young Explorer Center plans after $5.7 million endowment gift
Summary
The Virginia Museum of Natural History executive committee reviewed early designs for a Young Explorer Center for ages ~2–3 through third grade and detailed how a $5,700,000 private endowment will be managed to fund initial improvements and program priorities.
The Virginia Museum of Natural History’s executive committee reviewed preliminary designs for a Young Explorer Center and discussed how a new $5,700,000 endowment will be used to launch the project.
Unidentified Director, in the committee’s director’s report, said the museum’s foundation received an endowment gift of $5,700,000 and that "most of that is unrestricted," allowing the foundation to use short-term earnings to fund priority projects. "Short-term parking in CDs should mature in January and give us about a 100 and estimated $20,000 to get started," the director said, and added the foundation plans to spend…
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