NAUGATUCK — The Naugatuck Historical Society announced the creation of two new funds held by the Connecticut Community Foundation.
The society has established the Naugatuck Historical Society Endowment Fund and the Naugatuck Historical Society Advised Fund, a press release stated.
The endowment gives donors a chance to build a legacy that will continue to grow and support the society for the long term. Individual donations, legacies and bequests can all be designated for the endowment at the giver’s request, the release stated. Over $600 raised during Give Local 2016 will be added to the endowment.
The advised fund offers the society a chance to have its assets invested in the hope of financial gains while ensuring that those assets are available when needed, the release stated. As the fund grows, the money will help support exhibit design and construction at the Tuttle House. The advised fund is also open to donations, legacies and bequests.
The release stated the StEPs-CT made it possible for the society’s Board of Directors to move forward and build the organization to the point that it is ready for an endowment.
The historical society is in year two of StEPs-CT, a two-year program created by Connecticut Humanities with the Connecticut League of History Organizations and run in partnership with the Connecticut Historical Society. StEPS-CT stands for Standards and Excellence Program for History Organizations in Connecticut.
The program provides guidance and mentorship to help create a vision and direction for the future of historical organizations.