An endowment is a permanent, self-sustaining source of funding, made up of gifts and bequests. The principal is kept intact in perpetuity and the income is available to provide financial support.
How does Wayne Art Center benefit from an endowment?
- An ongoing source of income
A permanent endowment is an invested pool of money that provides a reliable source of income in perpetuity.
- Enhanced stability
A well-managed endowment provides long-term financial stability and predictable annual operating support.
- Enables program expansion
Distributions from endowment funds can be used to develop new education, exhibition and outreach programs.
- Source of crucial funding during economic downturns
At times when private and corporate donations decline due to economic factors, endowment distributions provide essential support.
How do you, the benefactor, benefit?
- Create a sense of immortality
Because your gift will be invested permanently, it will extend your values and continue your support of the art center for generations to come.
- Make a significant investment in the future
There is great satisfaction in knowing that the assets you contribute will continue to grow and have a positive impact on the arts in our community for the future.
- Naming opportunities
For gifts of $100,000 and above, your contribution will be permanently memorialized at the Wayne Art Center. Gifts of $5,000 and more honored on a campaign honor roll.
To learn more about giving to the Wayne Art Center, please contact us or call 610.688.3553.