POMFRET, CT -- The 1772 Foundation, based in Pomfret, a national leader in the field of historic properties redevelopment programs or revolving funds, awarded grants totaling $807,400 at its most recent quarterly meeting. Grants ranged in amount from $12,400 to $125,000. Locally, the Connecticut Trust for Historic Preservation received $75,000, the second installment of a two-year grant.
Other grant recipients were Fairmount Park Historic Preservation Trust in Philadelphia, Penn ($20,000); Heritage Ohio ($15,000); Historic Charleston Foundation ($12,400); Knox Heritage, Inc. in Knoxville, TN ($75,000); The L'Enfant Trust in Washington, DC ($100,000); The National Trust for Historic Preservation in Washington, DC ($285,000 - three proposals); New York City Historic Properties Fund, Inc. ($50,000); Preservation Alliance of Minnesota ($50,000); Preservation Trust of Vermont ($75,000); and the Waterfront Historic Area LeaguE (WHALE) in New Bedford, Mass ($50,000).
B. Danforth Ely, president of The 1772 Foundation, commented "The Foundation regards its mission to preserve historic properties with a real sense of urgency. For this reason, a key granting priority is support for historic properties redevelopment programs, also known as revolving funds. A revolving fund is one of the best tools available to preservationists." He added,"1772 funds not only specific redevelopment programs but also educational opportunities, such as convenings, conference programming and scholarships." Ely also noted, "The 1772 Foundation actively seeks collaborative partners to leverage its commitment to historic preservation and achieve the greatest possible impact with its resources."
In 2014, 1772 Foundation grants were made for feasibility studies for established preservation organizations considering establishment of historic properties redevelopment programs or revolving funds and capacity-building efforts for established programs (strategic plans, recapitalization, and rehabilitation of specific historic properties). Three grants were made to the National Trust: $125,000 to support real estate programming at its national conference; $100,000 to fund a new Historic Properties Redevelopment Program Coordinator position and $60,000 for 20 scholarships for preservation professionals to attend the Historic Real Estate Finance Training Program.
The 1772 Foundation was named in honor of its first restoration project, Liberty Hall in Union, NJ, which was built in 1772 and is the ancestral home of the Livingston and Kean families. The late Stewart B. Kean was the original benefactor of The 1772 Foundation. The Foundation seeks to continue his legacy throughout the country by helping preserve architectural and cultural history and agricultural landscapes for generations to come.
The 1772 Foundation