Earl Lewis Challenge Campaign
After his presidential address at the 2019 OAH Annual Meeting, Professor Earl Lewis announced a generous donation of $50,000 to build the OAH reserve fund. He also issued a challenge. He agreed to donate another $50,000 if the OAH raises $500,000 in the coming five years.
Earl Lewis announces $50,000 donation to Organization of American Historians
Why is reserve fund important? Should there be a downturn in the economy or should the OAH face a major crisis, we will need to turn to our reserve fund. As important, income from the fund’s investment returns helps to support our everyday operating expenses. Right now, the OAH has less than $400,000 in its reserve fund. Nonprofit experts advise that an organization’s reserve should equal twice its annual budget. According to that equation, the OAH should have $6 million in reserve. To secure the stability and the future of our organization, we urgently need to build our reserve funds.
In response to Earl Lewis’s challenge, we are asking for contributions to this campaign. This gift may be made in the form of a pledge and paid over a five-year term. In addition, if you meet the age requirements, you may be able to donate funds from an IRA directly to the OAH and thereby avoid taxes on the income.
Please donate online at https://secure.oah.org/pledge