Grant to Spur Fundraising as Second Phase of Renovation Draws Near
The University of Virginia’s ongoing effort to restore, repair, and renovate the Rotunda has received a major commitment in the form of a $ 1 million challenge grant from The Mary Morton Parsons Foundation.
This one-to-one challenge grant from the Richmond, Virginia-based foundation will require the University to raise $1 million by November 2014 to qualify for the matching funds. Construction of the second phase of the Rotunda renovation is planned for May 2014.
“We are grateful to The Mary Morton Parsons Foundation for partnering with us toward this worthwhile goal,” said Amy Yancey, executive director for development for the Jeffersonian Grounds Initiative. “Stewarding Jefferson’s architectural masterpiece and legacy at the University of Virginia is both timely and timeless. The $1 million challenge grant will allow us to leverage an additional $1 million from alumni and other donors to restore one of the most significant buildings in the world.” [Note: Quote is reworked.]
The Mary Morton Parsons Foundation was founded in 1988 by Mary Morton Parsons as a private, non-operating foundation to support the capital needs of charitable organizations. To date, the foundation has awarded approximately $73 million to qualified grantees. The foundation typically issues between $3-5 million annually in grants to support capital projects, mostly on a challenge or matching basis. In addition to the University of Virginia, the foundation has supported capital campaigns of Union Theological Seminary, the Virginia Museum of Fine Arts, and Virginia Commonwealth University’s Schools of Business and Engineering and Massey Cancer Center.
For more information on the Rotunda renovation, or to make a gift [hyperlink to giving page], please contact Amy Yancey at 434-924-7750 or firstname.lastname@example.org.