The Arab American National Museum was featured in the 2013 Giving Guide, published by Crain’s Detroit Business. Here I discuss our goal of building the endowment to $10 million by 2017. Exit strategy: More nonprofits, donors turn to endowments for lasting impact
“Through the recession, we learned arts and culture was not the No. 1 priority for certain foundations and corporations,” said Devon Akmon, director of the Arab American National Museum. Endowment “is a way of building a more sustainable future. … It’s a bank of money we know will be there … unrestricted funds which provide a certain level of freedom and, in many ways, it’s guaranteed.”
Building The Endowment