Capital Campaign

Two Grants were awarded to the Hudson Mohawk Industrial Gateway in early 2000:

• $125,000 from New York State.
• $216,000 -- a portion of a large federal grant awarded to the City of Troy.

  This adds significant momentum to our quest to restore the Burden Iron Works Museum, a National Register Structure in the heart of South Troy. The restoration plans are to:

  • replace the leaking roof.
  • repair the brickwork.
  • restore historic interior finishes.
  • provide accessibility for the disabled.
  • add parking.
  • install signage.

   

  This is only a beginning. The total cost of necessary work is nearly four times the sum of these grants. In addition, we must look ahead and plan for the upkeep of the building. To that end, the Gateway has launched a $2.5 million Capital Campaign.

   

  What you can do to help

  First, we have to secure the existing awards. The second grant is fully matched by the first, but the first grant must be matched with an additional $125,000 in a year's time. Your contributions to the Capital Campaign will help us make this match.

  As an extra incentive if your donation is in cash instead of appreciated securities, the Gateway has secured a substantial award of New York State income tax credits from the Troy Economic Development Zone that it can provide to cash donors to this campaign on a 25 per cent basis. This significantly reduces the net donation amount for donors with a New York State income tax exposure.

  Please consider making your most generous Gateway contribution ever to this critically important Capital Campaign. The Burden Iron Works Museum -- and the industrial heritage of the entire region -- are counting on you!

  Pledge your support now (or get more information) via an email message to info[at]hudsonmohawkgateway[dot]org.