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The Puget Sound Group
Memorial Fund For many years the Puget Sound Group has moved quietly within the community selecting and granting assistance to artists and art groups. That assistance has taken on many forms but in each case has been intended to foster and sustain visual arts. For the same number of years the effort to gather funds to make available has increased while the amount of money given remained about the same. No method has been found to gain enough momentum to carry the group through the "lean" years when proceeds from the annual art auction and contributions fell short. Until recently, the Group's scholarships, grants and awards mission survived "paycheck to paycheck", year to year dependant on the generosity of patrons and sales at auction. In 2003, Rudy Bundas, a life long member bequeathed a portion of his estate the Group with provision to establish a Bundas Memorial Fund and the paradigm changed. The Scholarship Committee realized that by combining the modest assets the existing Memorial Fund (which had been slowly accumulating since the early 1990's) with the Bundas Memorial Fund, a single and much more substantial fund could be created with the potential to grow into a self-sustaining permanent fund. In 2006, the mission of the Puget Sound Group's Memorial scholarship fund was revised for the specific purpose to grow and enrich the combined Bundas Memorial Fund. Our current goal is to bring the level up to one half million dollars by 2015 and we believe it is achievable. One may anticipate that the Group will continue to quietly move with in the community and continue our practice of giving as in the past but with additional focus on building the Bundas Memorial Fund. Giving modest scholarships, grants and awards for the next decade will allow us to focus on building the combined fund to hit our target. The result is a permanent fund that will produce money for giving indefinitely. Albert Einstein once replied when asked that the most powerful force in the universe is "compounded interest". Albert would have made a good member. This is our legacy that we pay forward with the hope and intention that visual arts will live on and the continuum which began in 1928 by Eustace Ziegler will also live on in each member. The Memorial Fund can and will stand to recognize each Puget Sound Group Member for their investment and energy for all time. Scholarship Committee Members
Scholarships and Special Grants and Awards......... Each year since 1926, Puget Sound Group artist members gift one or more paintings representing their best work for auction at a special evening dinner and auction event. PSGNWP sets aside a portion of the proceeds from the auction to support their Memorial Scholarship Fund. On average over one hundred member paintings valued in the thousands of dollars go to lucky bidders. This sought after event, This Northwest Tradition, remains an important tax deductible resource for private collectors and corporate art collections to acquire fine original artwork and meet the artists socially. The 2007 Banquet and Art Auction has been scheduled for September. Reservations are being accepted from patrons who have attended prior events as well as newcomers. If you would like to reserve a seat and enjoy a unique opportunity to acquire fine art you are cordially invited to respond at this e-mail link Reservations2007@psgart.com Please include your daytime phone number so that we may contact you regarding the details. Persons having interest in exploring scholarships or worthwhile grant considerations should contact the Puget Sound Group providing a preliminary and detailed proposal. This may be done via the following email link scholarships@psgart.org
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Puget Sound Group
of Northwest Painters © 2001-2007 All rights reserved. Puget Sound Group
of Northwest Painters, Inc. is a 501(c) (3) Organization. Our federal Nonprofit
Identification Number This site was last
updated February 2007 by Coconut Telegraphics
- a specialized Internet resource
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