The New England Regional Art Museum is asking the community to donate money to the 2018 NERAM Annual Appeal.
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The NERAM Foundation will invest the funds raised so that the gallery has an ongoing income stream each year.
“The Foundation is one of the keys to NERAM’s long term sustainability and viability,” director Robert Heather said. “We see the ongoing funding provided by the NERAM Foundation as the most successful strategy for securing NERAM’s future, and providing financial certainty to NERAM and its activities.”
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The NERAM Foundation raises funds and invests them in an endowment fund. The return on investments is used to help pay the museum’s running costs, such as staffing, insurance, building maintenance, as well as the exhibitions and programs that make the art museum come alive.
The NERAM Foundation was launched in 2008, and many locals have made important donations to the Foundation, totalling $544,800.
“This fund will make an annual payment of approximately $21,000 to NERAM this financial year,” NERAM chair Andrew Murray said. “It has taken us 10 years to get to this point, and is an impressive start to what we hope will become a major funding body in NERAM’s future sustainability.
“The capital works undertaken at NERAM over the past three years have meant that our building has had a significant facelift, is more energy efficient, and that the beautiful Howard Hinton Collection is now on permanent display and attracting visitors from around the country,” Mr Murray said.
“Now that this work is largely complete, we want to focus more on the growth of our Foundation as our main strategic priority over the next three years.”
Last year, NERAM developed its Strategic Plan 2017-2020, which identified the importance of developing financial stability to deliver an artistic and educational program that will inspire NERAM’s community and visitors.
Prospective donors are asked to make a one-year donation or a three-year pledge to the NERAM Foundation. All donations are fully tax deductible. The funds donated will be preserved indefinitely under the terms of the Foundation Trust Deed; only the income generated will be used to support NERAM each year.
2018 Annual Appeal Donations can be made in person at NERAM, online through NERAM’s website, or in the post.
Donation forms and further information are available at www.neram.com.au.
