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Local News: $10 million Windgate Foundation Endowment supports ESSA (12/8/20)

Tuesday, December 8, 2020 The Eureka Springs School of the Arts co-founders, from left to right, are Doug Stowe, Mary Springer and Eleanor Lux. Submitted photo A $10 million endowment created and funded this fall will put Eureka Springs School of the Arts (ESSA) on a trajectory of nationwide impact. In September, the Windgate Foundation established the endowment at the Arkansas Community Foundation to provide ongoing operating support for the 20-year-old school of art and fine craft. The endowment is expected to produce $400,000 per year in operating support after a required one-year waiting period. Most of the income generated from the gift will replace annual grants the Windgate Foundation has made to ESSA for many years, and the rest will add stability to the school’s annual funding. In addition, the foundation provided a $400,000 bridge grant to be distributed in the first year to catalyze immediate impact.

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