Academic journal article The Virginia Magazine of History and Biography

Why Fund-Raising?

Academic journal article The Virginia Magazine of History and Biography

Why Fund-Raising?

Article excerpt

The Virginia Historical Society recently heard wonderful news from the prestigious Kresge Foundation. In response to a proposal submitted last year, Kresge has awarded the VHS $1 million. This is not an outright grant, hoxvever, because it is contingent on our ability to collect pledges by the end of 2006 that at least equal the stated objective of our $55-million campaign. This is splendid news, indeed. It means, though, that the race is now on in earnest to reach the goal. We now must attract pledges totaling an additional $6.5 million by December 31 in order to secure the Kresge grant. Rest assured we will be calling on all our friends to make certain that we succeed.

I'm otten asked, "Don't you get tired of fund-raising:'" I think those who ask the question would not do so it they reflected on our institutional past. In our long history, one theme that runs throughout is the constant search for funding to sustain the collections and programs of the YHS. For example, in the 1840s the society came close to ceasing its operations because of a lack of hinds to rent suitable space to store its limited collections. Fortunately, the trustees ot the day stepped forward and found the support to avert disaster. So when people ask it I wish we could be finished with tund-raising, once and for all, I have to remind them that nonprofit institutions have always had to look for those generous donors whose gifts make possible what we do. …

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