Still a relatively young organization, in our twelfth year, we have pressing needs on several fronts. Not necessarily in priority order they are: 1. Need to fill vacancies on our Board with individuals who have specialized talents in grant writing, business management, and fund raising. 2. Need volunteers at all levels. Individuals to chair and/or work on any one of our seven standing committees. 3. Need to increase the value of the Peggy of New Point Endowment Fund. Currently at $15,000.00 our minimum goal is $150,000. 4. Need to complete the restoration of the buy boat “Peggy of New Point” that will serve as an ambassador for the Foundation and for Mathews County. Cost to complete the restoration is estimated at $40,000. 5. Need to find a replacement for our current volunteer Treasurer who has served in this capacity for the past six years.
Mathews County, once one of the nation’s leading builder of ships, was home to many shipyards. The East River was the official port of entry to the U.S. for over 10,000 vessels. Nine wharves once dotted the shoreline providing transportation for passengers and cargo. Numerous packing houses, and canneries created a vibrant economic waterfront. A time and an era are quickly fading from lives and memories.
During the past fourteen years, Mathews Maritime Foundation’s (MMF) board has dedicated itself to researching and preserving Mathews County’s rich maritime history. MMF plans to take advantage of the public’s enthusiasm to preserve this history through an aggressive fund raising program that will allow it to move out of its current public facility and construct a new home to house its growing collection of artifacts, a library and other research media, and to serve as a place to host educational program activities.
Based on detailed financial projections prepared by the board, it is estimated that $770,000 of investment is required to open the new facility. The funds received will be used to finance initial land acquisition, site studies, permits, and as a 30% loan to value down payment on the $2.0 million mortgage.
The Foundation currently approaches the general public primarily through its museum collection and educational programs. Market research shows that the Middle Peninsula of Virginia and surrounding counties and municipalities has a population of over 350,000.
Indirect Public Support HelpIndirect public support represents revenue received through solicitation campaigns. This includes funding United Way and other federated fundraising organizations, but does not include donor designated contributions.
Earned Revenue HelpEarned revenue represents income generated in direct exchange for a product or service.Earned income includes income from government contracts.
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