What Needs Funding?
An endowment is the lifeblood of any cultural and educational institution. Endowment provides security but, more importantly, the opportunity to pursue dreams. At the Society, that opportunity comes in many forms, to many different people. For students, it comes in the face of a young child who learns of Captain Kidd's visit to Lewes for the first time and imagines Lewes as a faraway time and place; to the preservationist, it allows the Society to preserve and maintain the unique character Lewes has developed over the centuries or to collect and care for the objects that exemplify that past. For staff members, it comes in the form of income that supports salaries, research, other creative and scholarly endeavors, and travel to attend professional gatherings and expand their horizons to ensure the Society is always in the forefront of the museum and historic preservation community. Although the Society's endowment has existed for only a short time, it lags behind those of its peer institutions throughout the region and nation. Your gift could help the Society in many areas. The following merely illustrate some of the possible areas where you are able to help the Society fulfill its mission of preserving and interpreting the heritage of Lewes, Delaware.
Gifts of any size may be made to the unrestricted portion of the endowment. Many friends have found that gifts of this type in honor of - or in memory of - friends or residents are especially meaningful because of their lasting significance to the Society. Unrestricted gifts are vital to the Society as they will allow it to address unforeseen opportunities in the future.
Curatorship: ($500,000 - $1,000,000)
An endowed position can be established with a gift from $500,000 to $1,000,000. The annual income earned on this gift is enough to pay a Curator's salary and benefits while also factoring in growth at or above the rate of inflation. It could also be partially used in support of the Curator's research.
Endowed Lecture & Educational Programming Funds:
($150,000 and up)
A gift from $50,000 to $150,000 or more would establish an endowed fund to underwrite the appearance at the Society of prominent speakers or guest musicians. Educational programming for all ages could also be permanently endowed through gifts of this nature.
Endowed Funds For Capital Needs, Museum Programs:
($100,000 and up)
Income from these funds would be used to meet equipment needs or the needs of a specific museum or the museums in general. Such funds, once established, would be administered at the discretion of the Society's Board of Directors.
Endowed Collections Funds: ($10,000 and up)
An endowed Collections Fund may be established with a gift of $10,000 or more. The income earned on such a fund will allow the purchase and or conservation of library, archival and museum pieces each year.