The Endowment Fund
An Endowment is a forever gift — a fund established in which the principal is invested and the earnings are used to support a cause, in this case, the Grace Hudson Museum. Because the Endowment's principal is not spent, the fund is an ongoing source of financial support, providing stability and peace of mind through the uncertain times all nonprofits experience.
By giving to our Endowment fund you secure the future of the Grace Hudson Museum and its ability to share Grace Hudson carpenter's artistic legacy with current and future generations.
There are a number of ways to help the Grace Hudson Museum Endowment Fund grow, and meet donors’ specific tax and estate needs:
- Gifts of real estate, appreciated assets or an outright cash contribution make the most immediate impact. These are easy ways to give and help maximize charitable deductions and minimize capital gains taxes.
- A charitable gift annuity or charitable remainder trust can provide fixed or variable payments for life or a term of years. After the balance goes to support the museum’s Endowment Fund. A portion of payments may be tax free, and still eligible for a charitable income tax deduction and capital gains tax relief.
- Gifts can be made through a will or living trust, as well as naming the Grace Hudson Museum’s Endowment Fund as a beneficiary of retirement or life insurance policies. Even a personal residence or land can be contributed with the donors using property for life. All of these options provide significant tax benefits.
- Lastly a charitable lead trust allows for reduction of gift and estate taxes on asset transfers to heirs. For the duration of the trust, distributions are made to the museum’s Endowment Fund.
Please feel free to contact the Grace Hudson Museum at 707-467-2836 or email firstname.lastname@example.org to discuss these and other options.
About the Endowment Fund
The Grace Hudson Museum Endowment Board has worked tirelessly with the Sun House Guild over three decades to ensure the museum’s long-term viability. The endowment fund has grown from $69,000 in 1992 to more than $3.5 million today, while providing more than $500,000 to fund the Museum projects, improvements and operating support. The endowment board’s work is even more urgent today in face of increased staffing and other necessary expenditures associated with the soon-to-be completed new Outdoor Education Center. The $3 million state-funded project is scheduled open in early 2017. It is expected to set the stage for the museum to become a statewide resource for the study of Hudson’s art, and the role native culture played in it and the surrounding landscape.
Endowment Board officers and directors
Monte Hill, Chair
Ed Eversole, Vice Chair
John Moon, Investment Chair
Carolyn Welch, Treasurer
Mike Geniella, Board Member
Wanda Mannon, Board Member
Judge Ann Moorman, Board Member
Myrna Oglesby, Board Member
Michaelyn Wipf, Board Member
Candace Horsley, Guild Representative
Lucille Mirata, Guild Representative