Please help us build our endowment fund with The Foundation for Enhancing Communities.
Or donate by check made payable to: Mount Gretna School of Art, PO Box 182, Mount Gretna, PA 17064
Donations are tax deductible. See more info below.
Call 717-823-8367 for more information.
The Mount Gretna School of Art (MGSoA) is a new and innovative type of art program for the region designed to provide intensive art instruction to a talented and motivated group of students in an inspiring setting. MGSoA’s vision is to become the pre-eminent school in the Mid-Atlantic offering an intensive summer immersion in landscape painting to a select group of highly talented students from across the mid-atlantic region and beyond.
Recently, MGSoA established an agency fund with TFEC to help with its long-term development goals to strengthen and sustain the Mount Gretna School of Art in its mission to provide a top quality art curriculum that significantly advances the skills and knowledge of talented and motivated students and, concurrently, enhances the cultural and educational programming of the community.
“The staff has been responsive and generous with their time in spite of the school's status as a tiny startup nonprofit,” comments Jay Noble, Executive Director, MGSoA. “The Foundation for Enhancing Communities' longevity of 90 plus years and its mission to serve many counties across South Central Pennsylvania was a perfect fit to ensure energy and confidence from benefactors. The Mount Gretna School of Art sees the experience and longevity of TFEC as an inspiration to its own long-term development.”
An Agency Fund enables a nonprofit organization (agency) to place its own assets with TFEC for permanent endowment purposes. The agency receives an annual income distribution for unrestricted purposes. These funds can be accounted for as assets of the agency (per FASB 136), but are owned by TFEC. The fund can also accept direct contributions from donors, which are accounted for and owned as assets of TFEC.
The endowment building process requires time and commitment from an agency and their board. The temptation to spend all received contributions for current operations is strong. Successful endowment-building requires steadfast dedication to the principle of investing for the future. When an agency’s endowment fund is established and grown, the benefits of this commitment are apparent. Income earned from the endowment can be reinvested for compound growth or can provide a predictable income stream. Endowment income lessens the pressure to raise current operating dollars and helps to smooth the ups and downs of economic business cycles. Additionally, endowment sends a positive message to donors: the agency has achieved a key measure of financial stability and intends to carry out its mission for generations to come.
Mount Gretna School of Art is registered as a Charitable Organization in Pennsylvania. The official registration and financial information of Mount Gretna School of Art may be obtained from the Pennsylvania Department of State by calling toll-free, within Pennsylvania, 1-800-732-0999. Registration does not imply endorsement.
The Mount Gretna School of Art (MGSoA) is a 501(c)(3) organization classified as a public charity under section 170(b)(1)(A)(ii) of the Internal Revenue Service Code. Contributions to MGSoA are tax deductible under section 170 of the Code. MGSoA is qualified to receive tax deductible bequests, devises, transfers, or gifts under section 2055, 2106 or 2522 of the Code.
Mail Checks to:
Mount Gretna School of Art
PO Box 182
Mount Gretna, PA 17064
All donors have the option to remain anonymous. Please let us know when you make your donation.
All donations go toward putting the school on strong fiscal footing to provide affordable instruction to students; donations to the Endowment Fund will be invested to support all costs of the school including scholarships, and operations.