BOSTON — As the Armenian Heritage Foundation — sponsor of Armenian Heritage Park on the Greenway — gets closer to concluding its successful fundraising campaign, funds are now being raised to fully fund the endowment for the park’s ongoing care so that the park is cared for year round.
To date, $1.7 million has been raised of the $2 million goal to fully fund the park’s endowment for care, with $300,000 remaining. The focus is both on securing major gifts, and encouraging everyone to participate at all levels of support. A few remaining naming opportunities at the Park are available with a contribution of $50,000 and above.
“This is a wonderful opportunity for everyone to be a part of this living legacy in a major metropolitan city,” comments Gail Talanian O’Reilly, on behalf of the Charles Talanian Family, one of the park’s first benefactors.
Annually, the park’s endowed funds for care, collectively, need to generate the annual interest to both support the year round care of the park and reinvest a portion of the monies raised to allow the fund to grow and keep pace with inflation. The annual cost of care and maintenance is close to $82,000 which includes landscaping, cleaning of fountains, litter removal, plantings, snow removal and utilities. The utility costs at the park are minimal as the lights are LEDs (light emitting diodes) lasting hundreds of hours and consuming very little energy. In addition, the waters from reflecting pool upon which the Abstract Sculpture sits and the fountain at the center of the Labyrinth are re-circulated, reducing water costs.
All supporters will be acknowledged in the park’s Commemorative Book in the category of giving that combines all their contributions since the campaign’s inception and received by June 1, 2016.
A Thank You Reception and Celebration for all supporters of the campaign will be held in November 2016 where all contributors will receive the Commemorative Book.
