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Endowments are permanent funds donated to an organization in which the principal amount is held in perpetuity and only the investment income or earnings are expended annually.
Why Endowment? Endowment gifts provide a powerful and stable long-term source of funding for MIM. Endowed funds support activities not just for one year, but help make certain that MIM will exist as a resource for future generations. In keeping with MIM’s Investment Policy, endowment funds are invested prudently to ensure they can sustain current and future needs. Unlike annual gifts, the endowment provides a protected source of income not subject to cyclical variations in income and is cushioned against market fluctuations.
About MIM’s Endowment MIM’s endowment represents assets invested in a diversified portfolio designed to ensure current support as well as growth for the future.
Benefits of Establishing a Named Endowment
General Operations Undesignated endowment gifts will be used for general programs and operations of MIM.
Collection Acquisition Gifts to this fund will be used for the purchase of permanent collection items, including musical instruments and related objects.
Education Gifts will be used to fund K–12 education programs.
Music Theater Concert Endowment Fund Gifts to this fund will provide support for exceptional musical performances from around the world at the MIM Music Theater.
Your gift of $25,000 or more could be added to MIM’s endowment fund in your name. For more information or to make a gift, contact MIM’s Institutional Advancement Department at 480.478.6062 or advancement@MIM.org.
