July 25, 2011
Contact: Janice O'Donnell
Executive Director
(401) 273-5437 ext. 119
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Providence Children’s Museum
Selected For New Kresge Foundation Initiative


PROVIDENCE, RI
– Providence Children’s Museum is one of only nine children’s museums across the country to be selected to participate in the SAFE (Strengthening Arts Facilities Effectively) initiative, a partnership between The Kresge Foundation and the Nonprofit Finance Fund. 

The SAFE initiative is working with children’s museums and community music schools to help them address their building maintenance and repair needs within the context of a better understanding of their overall capitalization.  This initiative is part of Kresge’s multi-faceted program to promote widespread application of sound capitalization principles in order to strengthen individual organizations and the sector as a whole.  The Foundation believes that well-capitalized organizations will be in a better position to produce higher quality products and be more impactful, innovative and relevant in their communities.  

“It both a great honor and a wonderful opportunity for the Museum to be selected for this program and the timing is perfect,” said Providence Children’s Museum Executive Director Janice O’Donnell.  The Museum is financially stable and capable of building a fund, especially with Kresge’s support, to ensure its building remains well-maintained over the long term.”

All 15 of the organizations selected to participate are past recipients of Kresge support for capital projects.  Alice L. Carle, program director at The Kresge Foundation, wrote, “Our research shows that, while organizations can plan well to develop new or renovated buildings, the on-going maintenance and repair of these facilities is often challenging.  Across the arts and culture sector, Kresge is increasingly concerned that organizations are deferring equipment and facilities maintenance as a short-term cost saving measure, which could result in expensive, emergency repairs in the future that may interrupt programming. We recognize the importance of our shared investment in [these] facilities and want to help protect and preserve these community assets.”

As part of the SAFE initiative, Kresge and the Nonprofit Finance Fund are providing each participating organization with in-depth, multi-year financial analysis; a 20-year replacement and repair schedule for major building systems prepared by qualified engineers: matching funds to encourage the practice of making deposits into a capital resource account; and access to periodic workshops, tools, and publications related to facilities planning, funding and financing.

Other organizations selected to participate in this initiative include the children’s museums in Boston, Brooklyn, Houston, and Dover (NH), as well as community music schools in New York, New Haven and Chicago.



Providence Children’s Museum – active hands-on fun, inside and out!
The Museum is located at 100 South Street in Providence’s Jewelry District.  September through March, open Tuesday through Sunday and Monday school holidays, 9 AM to 6 PM, and selected Fridays until 8 PM.  April through August, open 7 days. Museum admission is $8.50 per person; always free for Museum members.  Call (401) 273-KIDS or visit www.childrenmuseum.org.