PWHS Endowment Fund established

Are you looking for a way to provide financial support for public works history programs and have it count as a tax deductible charitable contribution? Now there is an opportunity to do so.

The APWA Board of Directors approved the establishment of the Public Works Historical Society Endowment Fund. This is the first application of an endowment fund by APWA. Contributions will qualify as a charitable deduction for the donor, subject to IRS regulations because APWA is a 501(c)(3) organization.

The idea for an endowment came from Bob Esterbrooks, a past president of the PWHS. The endowment fund is a way to permanently fund some history programs, primarily awards that honor outstanding public works history makers, such as Abel Wolman and Michael Robinson. Only the interest earnings from the endowment will be spent. The funds may also be used for future awards programs and specific events and projects as approved by the PWHS Board of Trustees.

The Society has targeted an endowment of $30,000 but has set an interim goal of $15,000 to be raised by December of 2001. In support of the endowment concept, Esterbrooks has pledged $5,000 toward the goal. Another pledge of $2,500 has been made, taking the Fund one-fourth of the way toward the targeted amount.

Donations will be sought from APWA Chapters, Historical Society members and supporters, public works leaders, historians, industry, and the general membership. A brochure explaining the endowment fund and soliciting donations was mailed in early May.

"We're looking for support from all who have an interest in public works history and wish to see the Society's programs strengthened and assured," said Esterbrooks.

Contributed by Jim Attebery