The White House Endowment Trust, sometimes also called the White House Endowment Fund, is a private, non-profit, tax-exempt fund established to finance the ongoing restoration and refurbishment of the state rooms at the

White House The White House is the official residence and workplace of the president of the United States. It is located at 1600 Pennsylvania Avenue NW in Washington, D.C., and has been the residence of every U.S. president since John Adams in ...

, the official home and principal workplace of the

president of the United States The president of the United States (POTUS) is the head of state and head of government of the United States of America. The president directs the executive branch of the federal government and is the commander-in-chief of the United States ...

. The fund is funded by private donation, through individual citizens and corporations. The trust is administered by the

White House Historical Association The White House Historical Association, founded in 1961 through efforts of First Lady Jacqueline Kennedy, is a private, non-profit organization that works to preserve the history of the White House and make that history more accessible to the pub ...

. Founded in 1964 as the White House Preservation Fund, concurrent with the creation of the

Committee for the Preservation of the White House The Committee for the Preservation of the White House is an advisory committee charged with the preservation of the White House, the official home and principal workplace of the president of the United States. The committee is largely made up of c ...

, the goal was to establish an endowment to finance ongoing restoration projects. First Lady Rosalynn Carter restyled the fund as the White House Endowment Trust in 1978 and substantially increased the fund's profile and worth. By the late 1980s performance of the fund had dwindled. First Lady Barbara Bush sought to revitalize the fund as the White House Endowment Trust to be managed by the

. She set a goal of raising a $25 million endowment. First Lady Hillary Rodham Clinton's continued support help expand the trust's endowment to over $35 million. As first lady, Mrs. Clinton also made extensive use of the fund in refurbishing the Blue Room, Red Room, State Dining Room,

Cross Hall The Cross Hall is a broad hallway on the first floor in the White House, the official residence of the president of the United States. It runs east to west connecting the State Dining Room with the East Room. The room is used for receiving line ...

, and East Room. In April, 2014 the White House Endowment Trust reported net assets of $51,849,751 on IRS

Form 990 Form 990 (officially, the "Return of Organization Exempt From Income Tax") is a United States Internal Revenue Service form that provides the public with financial information about a nonprofit organization. It is often the only source of such i ...

References

* Clinton, Hillary Rodham. ''An Invitation to the White House: At Home with History.'' Simon & Schuster: 2000. . * Garrett, Wendell. ''Our Changing White House.'' Northeastern University Press: 1995. . * Monkman, Betty C. ''The White House: The Historic Furnishing & First Families.'' Abbeville Press: 2000. . * ''The White House: Celebrating Two Hundred Years 1800–2000.'' White House Historical Association: 2002. {{ISBN, 0-912308-87-7. White House White House Executive Residence Operations

See also

References