Empowering residents with the ability to make the best choices for our town with fewer fiscal constraints in order to preserve the character of our community that makes Hopkinton so unique.

What is an endowment?

Colleges have endowments, so why not a community? Ordinary revenues collected by our town are sufficient to pay for essential expenses. The kind of infrastructure investment that is essential to maintaining and enhancing the level and quality of government services, however, don’t get funded through ordinary revenues. As a town, we must either borrow or find other ways to pay for these investments.

Income generated by an endowment fund can pay for some or all of these projects…  projects Hopkinton might not be able to afford otherwise.

Our town’s population has more than doubled over the past 15 years, and over 50% of our residents have lived here for less than 6 years. This has resulted in a significant change from our historic demographics. It has also resulted in both larger operating expenses and the need to make major capital improvements (such as schools and public safety buildings). The Endowment was created as a tool for our community to help preserve its essential character while we navigate major changes such as what we’ve experienced over the past decade.

A New Direction!

Joining arms with the Enter Stage Left Theater and the Cultural Arts Alliance, we are marching forward to 2015 by funding an Arts facility that reflects the character and passion of Hopkinton. Phase 1 was preliminary work already completed by the CAA and ESL with private donations and Community Preservation funds. Phase II, we will raise funds to finish the barn at the Hayden Rowe location. Phase 3 (down the road) will build a performing arts facility. Combined with CPA money from the town, this project will be funded by private donors and fellow citizens. This stays true to the mission of the Endowment to strengthen the quality of life that is Hopkinton… without burden to the tax payers!  Click here for more info…