Noting that HCF is “our local specialist in building and holding endowment funds,” The Art Gallery of Hamilton entrusted the management of its endowment fund to Hamilton Community Foundation in 2002. HCF is pleased to partner with one of Hamilton’s cultural treasures and an institution that is essential to the economy and revitalization of our City’s core.
As the Building a Legacy Endowment Fund grows, it will help to ensure the Gallery’s financial health in the years ahead. Ongoing operating funds – the resources that sustain all non-profit organizations – are often the most difficult to raise and an endowment fund is an important step toward financial sustainability. Hamilton Community Foundation now holds agency endowment funds for nine local organizations.
Louise Dompierre, President and CEO of the Art Gallery of Hamilton, says that “over the years, Hamilton Community Foundation has built a very strong reputation and a high level of credibility. We have confidence in their management of the Gallery’s fund. It’s a very beneficial partnership for us and for our supporters – the Gallery doesn’t have to manage the fund, which after all is not our core business, and donors can be assisted by Hamilton Community Foundation to make contributions that work well for them. It really is a win-win arrangement.”
Excerpt from 2002-2003 Annual Report