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Q: 1) What happens to my donation if the museum project never materializes?
A: Because the project is already incorporated via Articles of Incorporation as a non-profit with the State of Nebraska's Secretary of State, the money is mandated to be distributed according to ARTICLE 10: Upon dissolution of the Corporation, the Board of Directors shall, after paying or making provisions for the payment of all the legal liabilities of the Corporation, distribute all the assets for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or the assets shall be distributed to the federal government, or to a state or local government, for a public purpose. Any such assets not so disposed of shall be disposed of by a Court of Competent Jurisdiction of the county in which the principal office of the corporation is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes.
Q: 2) What's a general breakdown of how my donation will be spent?
A: In this initial planning stage, since we have no history, $10M is earmarked for the purchase/lease, renovation, and creation of the museum complex structure. Another $10M is earmarked for the first 3 years of staffing; operating costs of museum complex programs; utilities and physical building operating costs; and the beginning of a hopeful endowment. The $5M is $1M bread donations, $1M clean water well donations, $1,050,000 PayPal or credit card fees, $1-2M Thank You items, postage, unknown incidentals.
NOTE: Significant museum and educational programs today aren't inexpensive. The unique International Quilt Museum in Lincoln, NE, is a $25M project. The one-of-a-kind (Pillsbury) Mill City Museum in Mpls, MN, is $37M. The Directors are making projections accordingly . . . on the low end as a beginning.
keep the space