Newport Art Museum Receives Largest Donation in its History

GoLocalProv Lifestyle Team

Newport Art Museum Receives Largest Donation in its History

The Newport Art Museum received the largest donation in its history -- a gift of almost $5 million. The donation was made to the museum in recognition "of the value of the Museum’s century-long dedication to serving the community through the arts, education, outreach initiatives, and historic preservation." 

“This exceptionally generous gift, which promotes the financial integrity of the Museum, is a tribute to the dedicated individuals, past and present, who have given their time, talent and treasure to this historic institution. I am certain this gift is in honor of those who have steadfastly stood by this Museum over the years and passionately believed in the power of art to transform lives,” said Sandra Craig, the Museum’s Board President. 

The gift was donated by an anonymous person. 

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Putting the Gift to Use 

The Newport Art Museum’s Board of Trustees designated the entire $4,700,000 as a donation to its endowment with the hope of inspiring philanthropy among others. The Museum’s total endowment stands at $7 million, according to the museum is a statement.

“This is the year-end gift nonprofit Directors dream of! All of us at the Art Museum, from trustees and staff to volunteers and community partners, have worked diligently in 2016 to meet our goals and balance our budget, which we have achieved. This overwhelming vote of confidence allows us the privilege of setting and reaching even higher goals in the future, reassured that our good work will benefit future generations,” said Norah Diedrich, the museum’s executive director. 

An additional gift of $50,000 from the same generous donor will be put into a temporarily restricted fund within the Museum’s general operating account and be used to support numerous strategic initiatives in the near future.

See the Ways to Give in RI in the Slideshow Below


50 Ways to Give in Rhode Island - 2016

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