Grow a Perennial

Since 1994, Lotus has helped make Bloomington, Indiana unique. If you agree that the Lotus experience adds something vital to our community — and to Indiana and beyond — please support the Lotus-Fitzgerald Endowment.Lotus outreach - Power of Pattern banner

Your visionary gift will help make Lotus a permanent part of southern Indiana’s cultural life. Think Lotus World Music & Arts Festival. Think Lotus Blossoms. Think perennial Lotus.

What is an Endowment?  The Lotus-Fitzgerald Endowment is an investment fund that provides an annual dividend/distribution to Lotus, typically around 4% of the total fund balance each year.  A combination of market-driven growth and new contributions help to increase the fund balance over time, which in turn increases the annual distribution that helps to provide Lotus with a reliable, guaranteed income stream, alongside other annual sources of budget support such as donations, ticket sales, and grants.  Our Endowment fund is held in perpetual trust at the Community Foundation of Bloomington and Monroe County, and the principal can never be drawn down – ensuring that the fund will be there to generate interest benefit for Lotus long into the future. 

Established by Michael Fitzgerald in 1996, the endowment has also benefited from multiple rounds of participation in the Community Foundation’s “Matchstick” Initiative. Matchstick provides a 1:2 match of donor funds — the Community Foundation contributes $1 for every $2 donated to our endowment.

Our final Matchstick Initiative ended March 31, 2015 — thank you to everyone who helped us reach our goal!  In this last Matchstick, Lotus donors and the Community Foundation together added another $100,000 to the endowment and brought the total fund balance up to over $600,000.

The ultimate goal for the Lotus-Fitzgerald Endowment is to establish a fund balance of $1 Million.  If you would like to be part of growing a perennial Lotus in your community, here’s how you can help:

  • Make a contribution to the Lotus-Fitzgerald Endowment directly online by using the “Donate” button to the left, and designate your gift “Endowment” in the “Special Instructions” section.
  • Make an endowment contribution by check: download this PDF reply form and send with your contribution, or contact us at  812-336-6599 for more information.
  • Make a gift of stock or securities – contact us at 812-336-6599 for instructions.
  • Leave a Lotus legacy with a bequest to the Lotus-Fitzgerald Endowment as part of your planned giving; for more information, visit this page.

You immediately benefit from endowment contributions, because all donations are tax deductible. And like any investment account, the Lotus-Fitzgerald Endowment will grow.

To learn more, contact Kristin Varella, development director (812) 336-6599; kristin [at] lotusfest [dot] org

Michael Fitzgerald is the founding contributor to the Lotus-Fitzgerald Endowment (est. 1996).

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