Springfield Art Museum Foundation launches endowment with lead gifts
In the Fall of 2025, the Friends of the Springfield Art Museum (Foundation) initiated an endowment fund as part of a strategic planning effort. Significant contributions from four families—Matt and Jenny Edwards; Julie Aton Leeth and Sally Aton Baird in honor of their parents, Nancy J. and Ray F. Aton; the Michael Kaye Carlie Trust; and the late Dr. Sandra L. D’Angelo—will enhance museum programs and support Foundation operations. According to Kate Francis, the executive director of the Foundation, such endowments are essential for making long-term restricted investments that not only meet annual requirements but also help organizations navigate financial difficulties.
Key facts
- Friends of the Springfield Art Museum (Foundation) launched an endowment fund.
- Strategic planning process occurred in Fall 2025.
- Lead gifts from Matt and Jenny Edwards, Julie Aton Leeth and Sally Aton Baird (in memory of Nancy J. and Ray F. Aton), Michael Kaye Carlie Trust, and the late Dr. Sandra L. D’Angelo.
- Endowment proceeds will benefit museum programs and Foundation operations.
- Kate Francis is Foundation executive director.
- Endowments described as unsung heroes of nonprofit support.
Entities
Institutions
- Springfield Art Museum
- Friends of the Springfield Art Museum (Foundation)
- Michael Kaye Carlie Trust
Locations
- Springfield