BURN THE NOTE Campaign
To all of our Friends of the Pearl Fincher Museum of Fine Arts,
We are excited to announce that not only has the Pearl officially reopened to the public as of November 17, 2018, but we have received an offer that will allow us to pay off the remaining debt of our original loan to create the museum. Anonymous friends have pledged to match all gifts up to $100,000 to fully pay off the long-term debt.
The balance of our building loan is $193,000. The annual payment and interest due on the note each year has been a financial burden, reducing funds for educational activities for the community. If we receive debt repayment donations of $96,500, we can eliminate our note!
The museum borrowed $825,000 in 2007 to create the Pearl by renovating the existing building. In the 10 years since the museum opened, $632,000 has been repaid on the long-term loan by generous donors and from annual fundraising. This matching gift is a wonderful opportunity to get the museum into a stronger financial position.
The Board asks you to consider a debt repayment donation in any amount that will be matched dollar for dollar by January 31, 2019. In effect, your tax-deductible gift will be doubled for the benefit of the Pearl. Gifts may be made this year and next, allowing our supporters to receive tax benefits in both 2018 and 2019. These donations can be made by check, mutual funds, stocks, or securities.
Let us thank you in advance for considering this important request; it represents a significant step in the life of your museum. As we embark into the future, we will have a brand new museum, restored after Hurricane Harvey with all furnishings replaced by donations from many supporters, FEMA, and other grants. Please help the Pearl offer more opportunities for our community by paying off this debt and BURNING THE NOTE.
For questions please contact us at development@pearlmfa.org or 281-376-6322.
We are excited to announce that not only has the Pearl officially reopened to the public as of November 17, 2018, but we have received an offer that will allow us to pay off the remaining debt of our original loan to create the museum. Anonymous friends have pledged to match all gifts up to $100,000 to fully pay off the long-term debt.
The balance of our building loan is $193,000. The annual payment and interest due on the note each year has been a financial burden, reducing funds for educational activities for the community. If we receive debt repayment donations of $96,500, we can eliminate our note!
The museum borrowed $825,000 in 2007 to create the Pearl by renovating the existing building. In the 10 years since the museum opened, $632,000 has been repaid on the long-term loan by generous donors and from annual fundraising. This matching gift is a wonderful opportunity to get the museum into a stronger financial position.
The Board asks you to consider a debt repayment donation in any amount that will be matched dollar for dollar by January 31, 2019. In effect, your tax-deductible gift will be doubled for the benefit of the Pearl. Gifts may be made this year and next, allowing our supporters to receive tax benefits in both 2018 and 2019. These donations can be made by check, mutual funds, stocks, or securities.
Let us thank you in advance for considering this important request; it represents a significant step in the life of your museum. As we embark into the future, we will have a brand new museum, restored after Hurricane Harvey with all furnishings replaced by donations from many supporters, FEMA, and other grants. Please help the Pearl offer more opportunities for our community by paying off this debt and BURNING THE NOTE.
For questions please contact us at development@pearlmfa.org or 281-376-6322.
Pearl Fincher Museum of Fine Arts
Burn the Note Committee
Burn the Note Committee
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Calvin Cobb
Jim Cain Cynthia Foley Patricia Harless Clara Lewis Don Pine Valerie vonBerg |
Ani Boyajian
Art Elder Joe Fowler Pam Hughes Wanda Pauling Kevin Roberts Barbara Schlattman Anais Watsky |