ENDOWMENT FUND - PERMANENT SPACE -  ADVERTISING - VOLUNTEER

Count de Hoernle Cultural Endowment Fund

Balancing a General Operating Budget for an arts organization isn't easy, especially when government grants decrease or disappear. When a not-for-profit arts group has a significant Endowment Fund, however, it can move the interest from that Fund into each year's Operating Budget. It's like having an annual grant, one that never goes away.

Caldwell's Count de Hoernle Cultural Endowment Fund is the outgrowth of a fund started by Albin E. Carlson, one of the Caldwell's earliest board members. In the late 1970's, he left $50,000 in his will for Caldwell to use as a "rainy day fund." The theater's co-founder, the late Frank I. Bennett, also left $50,000 for endowment. Caldwell trustees sought to increase that fund to $360,000 to allow the theater to apply for matching funds of $240,000 from the State of Florida.

With a generous gift, Henrietta, Countess de Hoernle put that endowment campaign over the top. The match was met, and the $600,000 invested money is now called the Count de Hoernle Cultural Endowment Fund.

Your contribution will increase this fund and the interest it earns will benefit Caldwell. And if the Endowment increases another $360,000, Caldwell will be eligible for a second State of Florida matching grant of $240,000, bringing the Fund to over $1 million.

Caldwell is proud to have received gifts in memory of Frank I. Bennett, Adele Burdett, Catherine Case, S. Barbara Dettman, June Fichtel, Donald Giancola, Carl C. and Dorothy L. Hall, Winona Jirikowic, Hasten Clinton Johnson, Dr. Richard Kalt, Anne Kirker, Marcia Mahon, Teague McCarthy, Kenneth R. Miller, Gary Nathanson, Michael Savarick, George F. Sproul, Florence Starkoff, Doris Sullivan and Kay Walton.

Many endowment gifts are also made in honor of birthdays and anniversaries.

For more information on Caldwell Theatre Company's Count de Hoernle Cultural Endowment Fund, call (561) 241-7380.