Gifts to the general fund provide a reserve for new programs. RSA invites members and others to contact us about opportunities to make an estate gift or to raise funds to endow a grant.
As funding for travel to present at conferences has declined, RSA has responded by increasing the number of travel grants it awards. Travel grants assist members presenting papers at the RSA annual meeting. With the support of the Samuel H. Kress Foundation, which has generously sponsored up to twenty travel grants each year for art historians, RSA has awarded fifty travel grants annually for the last several years. Travel grants are modest, and don’t cover the entire cost of attending the conference, but in all cases they make it possible for a scholar lacking other means of support to attend the annual meeting. Travel grants go to members most in need of financial assistance: students, independent scholars, and adjunct instructors, and those who are traveling the longest distances.
In 2015 we achieved our goal of adding $12,000 to the RSA General Fund. This will allow us to continue the current program, and to offer ten additional travel grants for the 2017 annual meeting.
Gifts to the general fund are not endowed gifts and may be spent by RSA as unrestricted funds or, as specifically listed, funds for a particular purpose. Under the Not-for-Profit Corporation Law of the State of New York (the “NPCL”), The Renaissance Society of America may expend so much of an endowment fund as it deems prudent after considering the factors set forth in paragraph (A) of Section 553 of the NPCL.
The Renaissance Society of America is a 501(c)(3) nonprofit organization. All gifts to RSA are tax deductible in compliance with Internal Revenue Service regulations.