Cambridge, New York's Hubbard Hall Announces Endowment
Arts Organizations have been having a rough time over the past year and a half. So, when there is great news to share, we like to shout it from the mountaintops.
Hubbard Hall Center for the Arts and Education in Cambridge, NY, just announced the establishment of the Karen Strand Endowment. In summer of 2020, longtime Hubbard Hall supporter and advisor Curt Strand passed away, leaving approximately $850,000 to Hubbard Hall in his will, in honor of his late daughter and Hubbard Hall volunteer Karen Strand.
Part of this bequest has allowed Hubbard Hall to retire the majority of its debt, and will allow the organization to replace its aging HVAC system and purchase artist housing in Cambridge. The majority of the money will be held in a restricted investment fund, with the annual investment earnings supporting scholarships and fellowships at Hubbard Hall.
David Snider is Hubbard Hall's Executive/Artistic Director.