Transparency
Renton Historical Society is a 501(c)3 non-profit organization incorporated June of 1966. Our EIN is 91-6071485.
Endowment
The organization is the beneficiary of an endowment.
This endowment is managed by Edward Jones. The endowment is invested in the market, and so may change in value as the market changes. Please contact us if you would like more information.
It is best practice to use approximately 4% of the total endowment annually as an operational budget, so as to ensure longevity of the funds.
Annual Budget
At the beginning of each year, the board of directors creates an annual budget based on the 4% expected return on the endowment, projected income from donations, gift shop purchases, licensing fees, and secured grants. The Treasurer is responsible for overseeing the allocation of funds to meet RHS's contractual obligations including utilities, rent, subscriptions and other services.
Income
Licensing
RHS traditionally charges licensing and use fees for artifact reproductions in order to generate revenue that is reinvested into the care of the artifacts. For the 125th anniversary of the City of Renton, RHS is forgoing fees for non-commercial use.
Store
By purchasing from our gift shop, you can help us raise funds for critical initiatives while providing local, ethically sourced items for your loved ones.
Grants
We were awarded grant funding by 4Culture that will be used to help bring the remote digital collection to fruition. RHS leadership is actively seeking additional grants at the local, state and federal level.
Membership & Donations
Your generosity is the foundation of our annual operating budget. Thank you for supporting local history!
Policies
A Strong Foundation
Strong policies are mission critical because they provide clear guidelines for ethical conduct, accountability, and consistent decision-making.
Our Commitment
RHS leadership is committed to updating our policies to reflect the changing needs, expectations and environment in which the organization now operates. You can track our updates by using the two tools below.