We are partnering with the Arizona Community Foundation (ACF) to create a sustainable future for the Mountain Rose. Here’s how the fund will function for our generous donors and community supporters.
The Goal
We’re raising $6 million for construction and start-up costs, and an additional $1 million to establish a permanent fund to support the Mountain Rose’s long-term upkeep and operations.
How the Fund Will Work
- Once the fund reaches $1 million, that amount becomes a protected corpus—essentially an endowment—which we will preserve in perpetuity.
- Each year, approximately 4.25% of the fund’s earnings (about $40,000 annually) will be available to cover maintenance, repairs, and operational needs for the Mountain Rose venue.
- Any earnings beyond that amount will stay in the fund, allowing it to grow over time and increase our annual available support.
Spending Guidelines
- We can start using funds once the endowment surpasses $1 million, but we will never reduce the corpus below that amount, ensuring Mountain Rose remains supported for generations to come.
Why It Matters
This structure guarantees long-term stability for the Mountain Rose venue, relieving the pressure of annual fundraising for basic upkeep and letting us focus on what matters most: creating accessible, high-quality arts experiences for our community.
