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  • Charleston Regional Business Journal

    Charleston museum receives $1M grant from The Duke Endowment

    By Jason Thomas,

    2024-05-03

    The International African American Museum is the recent recipient of a $1 million grant from The Duke Endowment, the largest private foundation in the Southeast, according to a news release.

    The grant includes $750,000 in unrestricted funding and $250,000 for the museum’s endowment, the release stated. The latest gift follows a $1.25 million donation from The Duke Endowment in 2020, prior to the opening of the museum.

    “Both of these accolades are signals of the museum’s growing popularity,” said Tonya Matthews, IAAM president and CEO, in the release. “This $1 million donation from The Duke Endowment signifies a pivotal moment for the International African American Museum. This milestone underscores the museum’s appeal to significant donors and acts as a powerful catalyst for future philanthropy,” she noted.

    Since its opening in June 2023, IAAM has welcomed more than 135,000 visitors.

    Related: Meet the CEO of the International African American Museum in Charleston

    Related: Exhibits define ‘one of the most important museums in the world’ in Charleston

    “A museum’s first three years are critical to its development. These are the years when an institution’s foundation is solidified, and the way is paved for sustained success and broader impact,” Matthews said. “As the museum furthers its mission, from curating new exhibitions to engaging school groups and building community ties, the indispensable role of substantial donations becomes increasingly clear. While contributions of all sizes be it $25 or millions are vital. The museum’s ability to realize its full potential hinges on continuous major investments from individuals, corporations, and foundations.”

    Copyright © 2024 BridgeTower Media. All Rights Reserved.

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