III. Funding

As of June 1, 2007, the Friends of Peirce Mill have raised a total of $734,000 since our founding in 1997, of which $712,000 is in cash donations and the balance in-kind contributions. This is roughly 80% of the total amount necessary to complete the restoration project. The results of our very successful fund-raising effort over the past two years is documented in another section. Taking into account the funds we have currently on deposit, and the cost of the remaining work, we must raise an additional $213,000 during 2007 and 2008 to complete the project. We expect that the foundations who have given us multiple grants in past years, as well as several new ones, will step in to contribute the necessary funds.

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