Financial Overview

The Endowment currently stands at approximately $320,000 – this fluctuates with the markets though the money is conservatively invested.

There is some capital in an Operating account for monthly expenses.

Over head for the Endowment is minimal – a part time staff person, printing and materials, mailing costs.

With shift to running the Capital Campaign for the Hopkinton Center for the Arts, the goal of $850,000 to finish Phase II, the Barn, is now at 60%. The Community Preservation Act, voted at the May 2011 Town Meeting, will contribute $250,000. The Endowment will match those funds with $250,000 of existing capital.

The fundraising goal for this fall, winter, and spring 2012 is to raise the remaining $350,000 through the Capital Campaign.