A restricted line-item in a budget is not an endowment.  An endowment is
investment principal and generates interest, which is either available
to spend or plowed back into the principal.  If you intend to spend the
entire grant amount then you are not requesting a contribution to an
endowment.  Having the line-item restricted is actually a plus--the
granting agency knows that you will not spend the money on anything else
except the publication(s).

Best,

Julia Muney Moore
Public Art Administrator
Blackburn Architects, Indianapolis, IN
(317) 875-5500 x219
   
 
 
-----Original Message-----
From: Museum discussion list [mailto:[log in to unmask]] On
Behalf Of John Gavin
Sent: Thursday, February 21, 2008 5:16 PM
To: [log in to unmask]
Subject: [MUSEUM-L] Grants for publications... What would you do?

The museum has a three year old museum press (publishing) not printing
department. We have published four books and seven booklets on local
history. Up until now the funding has come from individuals (authors),
museum store budget, and a few successful grants. We are now at the
point
where we need to raise dollars for our next publication ($6,100). 

We have 3 - 4 more books lined up in different stages of completion to
be
published over the next three - four years. We have a restricted line
item
in the museum's budget for the Press with approximately $2,000 in it. We
will take 50% of the retail profit from the sale of Press books and
funnel
it back to the Press line-item starting in the next fiscal year.
Eventually,
the sale of Press books should make the Press self-sustaining. 

I am trying to decide if I should write a grant application for each
book
one at a time, or try to write a grant application, say $25,000, for
publishing more than the one book. I'm wondering if the Press line-item
could be looked upon by granting institutions as an endowment as many
granting agencies will not grant for endowments. What do you think?

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