Purpose: To provide endowment funds to benefit the upkeep of the historic Academy Building. As endowed funds, the principal of the fund will remain while interest earnings may be utilized for maintenance and upkeep of the building.
History: The Academy Building, which sits on the Newby Memorial Elementary School campus has been restored and is listed on the National Historic Register. Later the building was deeded to the community and became Indiana's only privately funded school building that was open to public education. The building now serves as a local history museum, the Academy of Hoosier Heritage, which includes a pioneer classroom setup.