International African-American Museum hits $75 million private fundraising goal

VIDEO: IAAM meets private fundraising goal
Updated: Aug. 16, 2018 at 1:38 PM EDT
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CHARLESTON, SC (WCSC) - After countless donations including one that totaled $10 million and another donation of $11 million, the International African-American Museum announced Thursday morning that it has finally hit its $75 million fundraising goal.

The city and county of Charleston also donated $25 million while the state added $25 million as well.

"On behalf of the International African American Museum, I want to extend my sincere gratitude to each and every donor who contributed to help us reach this milestone," Joseph P. Riley, Jr., IAAM board member and former Charleston mayor said. "When I first announced the dream to build this institution 18 years ago – it was just that – a dream. Something far off in the distance that I knew would require an incredible amount of work from countless people. Thanks to all those who believed in the value and necessity of this museum, it is now more than a dream, it will soon become a reality."

The museum still has two more fundraising efforts to go. One will try to raise $8 million for education programs and the second will attempt to grow the museum's endowment to $10 million. The current IAAM endowment stands at $4 million.

The final donation which put the museum over the top of their private goal was $125,000 from Charleston native Herbert L. Drayton III. His ancestors were once enslaved at Middleton Place and arrived at Gadsden Warf.

The museum is scheduled to break ground in early 2019 and finish in 2020.

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