[…] The Dekko Foundation of Kendallville on Friday announced it was giving $750,000 to the museum, which is trying to raise $7.5 million to expand its facility by 10,000 square feet and add to its collection of American art.
With the Dekko grant, the museum has garnered nearly $6 million toward its $7.5 million fundraising goal, Shepard [Charles Shepard III, FWMoA Executive Director] said.
The Dekko grant is one of three grants of $750,000 or more the museum has received toward its expansion, Shepard said. The museum received $800,000 from the Clinton Newman Foundation and $775,000 from the English Bonter Mitchell Foundation, he said.
Shepard said the museum’s building committee has reviewed bids for the project and should be ready soon to determine the contractor. He said the bids were mostly at a cost the museum staff expected.
Of the money raised, $5.5 million will be applied to the building expansion and to interior improvements. The remaining $2 million will be used to acquire artwork to augment the museum’s permanent collection. This capital campaign is the museum’s largest since the one that created the building at Main and Lafayette streets in the early ’80s. The building initially cost $4.1 million.
Shepard previously said the $2 million raised for artwork will be used like an endowment, although it will not technically be an endowment. The museum hopes to use this money to give it one of the nation’s premier collections of American art.