KeyBank Foundation to help TMA fund minority fellowshipWritten by Danielle Stanton | | email@example.com
KeyBank Foundation has granted $400,000 to the Toledo Museum of Art (TMA) to establish a diversity endowment fund.
The KeyBank Fellowship Endowment Fund will allow TMA to expand its fellowship program, said Kelly Fritz Garrow, director of communications at TMA.
A fellowship position, which will be offered starting in 2015, will be open to a minority applicant who is interested in learning about budgeting, finance, museum leadership and what it takes to run a museum, Fritz Garrow said.
The museum has had a fellowship program in place for three years to provide leadership training, mentorship and experience at the executive level. This new fellowship will expand that program.
“This fellowship will not only provide the experience needed in the next generation of museum leaders, but will focus on recruiting candidates that reflect the diverse population of the region,” said TMA director and CEO Brian Kennedy in a news release.
The grant will bring in different voices and diversity to the museum, Fritz Garrow said.
“It’s definitely one of the largest corporate grants the museum has received,” she said. “I think it’s very important for the museum to become a more diverse place, and bringing someone into the director’s office will give a new perspective as we try to make important decisions.”
The KeyBank Foundation, a charitable nonprofit funded by KeyCorp, focuses its philanthropic efforts in three areas: financial education, workforce development and diversity. The TMA grant falls under their workforce development and diversity categories, said Kimberly Kowalski, KeyBank Regional Communications Manager.
“It is important to KeyBank Foundation to provide grants that will have the outcome of creating jobs as well as providing access to all individuals,” Kowalski said in an email. “KeyBank Foundation has a long history of supporting the museum through grants as well as through the involvement of Key’s Toledo Market President, Jim Hoffman.”
The grant will not cover the total cost of the fellowship position, Fritz Garrow said, so the museum will also do fundraising.
“The money we received, although a large amount, is not enough,” Fritz Garrow said. “It’s just the interest that’s drawn off that money so it’s not enough to completely fund the (fellowship) position. We’ll do fundraising and things with the Mellon Foundation. The fellowship will definitely happen because that’s the major funding for it.”
The fellowship will focus on all aspects of running a museum, from the budget to human resources.
“It will focus on a broad exposure to museum issues,” Fritz Garrow said.
The fellowship position will be advertised at a later date on the museum webpage, www.toledomuseum.org.