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Newton Ccommunity and Healthcare Foundation

Estate Benefits Newton Fine Arts Association Endowment

Jacqueline recognized the need for all worthwhile organizations," said Lloyd Smith about his late wife, Jacqueline Smith.

"She was always concerned with causes that involved children, education, beauty and the fine arts...groups that sometimes don't get the attention they need. She enjoyed supporting the good stuff in life," he added.

That's why it comes as no surprise that one of the groups benefiting from Jacqueline's estate is the Newton Fine Arts Association endowment at Newton Community & Healthcare Foundation.

Earnings from the endowment, established in early 2000 by Newton Fine Arts Association, can be used as the association deems appropriate.

"This year we put some of our monies into our general fund to cover the increased energy costs we incurred," said Marilyn Musser, association director. "But usually we use our endowment funds for programming or other special projects."

The Newton Fine Arts Association was founded in 1968, and has been located in the Carriage Factory Art Gallery since 1983.

Newton Community & Healthcare Foundation holds additional gifts, including charitable gift annuities, that will benefit the endowment of Newton Fine Arts Association at the passing of the donors now receiving lifetime income from their deferred gifts.

"I feel good about the endowment," said Smith. "And I know Jacqueline would have been pleased."