Southeastern Narrow Gauge & Shortline Museum
Operating Budget & Fundraising Goals
Programming Equipment (audio visual items) 10,000
Interpretive videos and interactive technology 25,000
Expanding Indoor Museum 55,000
Acquistion, Restoration, Renovation of Rolling Stock 40,000
Interpretive and Interactive Signage, Street Signs, etc 45,000
Site Work 62,560
Relocating Artifacts (rolling stock) 36,000
Restoration of Rolling Stock 37,200
Picnic tables and benches 1,800
Fencing, plantings, & miniature RR 30,000
15% Contingency, plus expected finanicing cost 65,000
Endowment seed money 55,000
Capital Campaign Consultant 24,000
Campaign Marketing 10,000
Grant Writing Consultant 10,000
Campaign Gift Coordinator 6,000
Grand Total $750,000
Note that an additional $325,000 of in-kind (non-cash) donations have already been contributed to this project.
The Southeastern Narrow Gauge & Shortline Museum is likely to cost in excess of $1 Million. This includes real estate, structure construction, park construction, rolling stock restoration, moving costs, signage, programming expenses, and the initial seeding of an endowment fund. Already, more than $325,000 worth of in-kind material and donations have been received. It is the goal of the fund-raising committee to raise an additional $750,000 for the project.
Ways to Support
Money: This is the easiest and most efficient way to make your pledge.
Personal Property: Stocks, bonds, and money market accounts are another way to donate. Fair market value generally dictates your tax deduction.
Real Estate: Land, buildings, homes are all candidates for donation, but they must first be approved by the Depot Authority.
Life Insurance: A fully-paid policy or new policy is acceptable- both have tax deductible benefits.
Retirement Plan: Certain types of retirement plan benefits can be tax deductible; consult your tax advisor.
Remember, the Newton Depot Authority is a 501(c)3 non-profit. Donations to the Authority are tax deductible.
The campaign is designed with a three-year pledge payout period, ending in December 2014; however, it can comprise four tax years. Since construction is anticipated to begin and end before all pledge payments are collected, a construction loan may have to be secured to provide the necessary funding. Pledge receipts will be used to pay the financing required by this loan.
Want to donate online? Click on the Paypal button.
Financial information about this organization and a copy of its license are available from the State Solicitation Licensing Branch at 919 807 2214. The license is not an endorsement by the State.
Newton Depot Authority
PO Box 267
1123 North Main Avenue
Newton, NC 28658