Campaign Newsletter - July 2016
July 10, 2016
A foundation for Growth: Supporting Endowment to Support the Gallery’s Future
Endowments are a key part of many organizations’ funding models, as they provide a sustainable, stable and ongoing source of revenue. Endowments are typically used to generate interest or investment revenue, and it is this revenue, not the fund itself, that is used to fund programming and support operations – this ensures the continued health and sustainability of an endowment fund. A healthy endowment fund is the key to helping the Gallery plan long into the future and to further fulfill its role as the art gallery of New Brunswick.
The Board of Governors made increasing the endowment fund a key element of the capital campaign. A larger endowment increases stability and the opportunity to undertake more activities at the Gallery. It is important that donors making a contribution to the endowment funds have assurance that it will be a good investment for the future, and for the community.
Larry Sheppard, Board Member and Secretary-Treasurer
At the Beaverbrook Art Gallery, endowments ensure stability in a number of areas. They support the care, research, and development of its widely recognized collections. They also provide financial support for exhibition planning, program support, and enhancing and developing infrastructure, including keeping up with technological developments. They help the Gallery grow, learn, engage new people and meet new challenges, all in the name of enriching life through art.
Contributing to the endowment sustains the Gallery’s standing as one of the premier art galleries in Canada, committed to making some of the finest art from around the world available to all. In order to build the Gallery’s future, gifts of all sizes are needed. Gifts are pooled in the Gallery’s endowment fund, and have a cumulative effect – every gift, no matter the size, is significant. Every gift contributes to the overall growth of the fund, which in turn increases the revenue generated by it. Giving to an endowment fund is a way of having a donor’s choice to support an organisation recognized in perpetuity. It also allows families to establish family legacies with a community institution.
Art moves us, inspires us and encourages us to re-think our own perspectives about the world around us. The Gallery doesn’t just want people to come and see the wonderful art on its walls, but to see their smiles when they connect with the passion and beauty of the creative process when listening to an artist’s talk, or the special story a docent has to tell about an artwork on a guided tour. What value can be placed on the light of comprehension shining from the face of a high school student in one of our Emerge sessions, when they realize that there is so much possibility in being an artist in their own community? Thursday night art workshops provide an opportunity for participants to free their inner artists, adding a new dimension to their lives that includes feelings of pride and accomplishment.
The Beaverbrook Art Gallery is fortunate to have friends and supporters who have contributed to the 2012 Campaign Endowment Fund to further the Gallery’s mission of bringing people and art together for enjoyment, discovery and learning. Among them:
The Province of New Brunswick for its commitment of $5 million in matching funds for the Gallery’s growing endowment through the Regional Development Corporation (RDC);
The gift of $3.5 million from Jim, Arthur, and John Irving and their families combining infrastructure funds for refurbishment of the Harriet Irving Gallery and its exterior known as the High Gallery, and endowment funds to support programming in the Harriet Irving Gallery in perpetuity;
More than $500,000 has been contributed by a number of donors, for combined infrastructure and endowment funds for the Bruno Bobak Artist-in-Residence Studio to be located on the lower floor of the new Pavilion, bringing to fruition Bruno Bobak’s dream to have a space where artists in residence could have the time, freedom and place to undertake their work while interacting with Gallery visitors;
A goal of $500,000 has been set for the Molly Lamb Bobak Children’s Art Education Program initiative and the fund is almost half-way to that milestone, thanks to donors like Leta Clayden.
“I have made my commitment of $100,000 to the Molly Lamb Bobak Children’s Art Education Program in honour of my late husband Gerry, as a tribute to him because of his love and support for the arts, and out of respect for Molly Lamb Bobak, whom we both greatly admired,” says Leta Clayden, campaign donor and long-time Gallery docent.
With the help of donations from supporters like Leta, more children will have access to the joy that is associated with art and creativity. Beaverbrook Art Gallery programs that fall under this umbrella include: the After School Art Program, which combines art, reading, drama, music and creative writing activities for children aged 5-11; Artistica summer camps featuring age-appropriate themed weeks on topics such as sculpture, nature, and abstract art; Rural School Outreach involving rural school students who participate in weekly art sessions led by an experienced art instructor; and the Art for Tots Program in which children and their parents are invited to take part in art games, looking at art, hands-on activities and storytelling;
BMO Financial Group made the ActionArt Program possible with a contribution of $300,000 which launched the Young Ancestors workshop series with Aboriginal youth throughout New Brunswick and an intergenerational multicultural component for immigrant and refugee families;
The Scotiabank Artist Residency, made possible with a gift of $200,000 to endowment, provides opportunities for Gallery members and visitors to meet and learn from featured artists who spend extended time at the Gallery working on their artwork or teaching during the time of their exhibitions;
Well-known folk art collector Susan Murray has made a $100,000 gift to support folk art programming in the Gallery;
Community-minded National Bank of Canada entrusted $50,000 to the campaign endowment for programs for youth.
The skeletal structure of the new Pavilion is in place on the east side of the Gallery and over the next year it will transform into 14,000 square feet of interior space that will include: the Elizabeth A. Currie Gallery on the Green, the Jean E. Irving River Gallery; the Dalí Gallery; the Prints and Drawings Gallery, a gift from John and Lois Thompson; and the Studio Watch Emerging Artists Gallery – a Tribute to Norma Brewer – on the upper level. On the lower level will be the Sobey Youth Art Space; Canadian Folk Art area, supported by Ann and Barry Birks; the RBC Learning Centre; Bruno Bobak Artist-In-Residence Studio; a Bruno Bobak tribute wall supported by McInnes Cooper and a café.
Outside, a courtyard will become home to outstanding sculptures. We invite you to engage in the art of giving in a way that honors an individual, family or organization. A gift to the campaign ensures that an exceptional legacy is passed down from generation to generation and sustains the mission of the Beaverbrook Gallery for lifetimes to come.