At its first quarterly meeting of the year, the trustees of The 1772 Foundation awarded grants totaling $1,230,000 to the 20 organizations listed below.

The smallest grant of $10,000 was made to High Point Preservation Society (High Point, NC) for a historic properties redevelopment program [HPRP], also known as a revolving fund, feasibility study.

The largest grants were made to Historic Macon (Macon, GA) and the Madison-Morgan Conservancy (Madison, GA). Historic Macon‘s $125,000 grant provides additional capital for its Fading Five Fund, dedicated to preserving endangered places in Macon-Bibb County. Macon’s Fading Five is a list of endangered properties compiled annually from community nominations, with places remaining on the list until they are “saved.”

The Madison-Morgan Conservancy, a blended historic preservation and land conservation organization, also received a $125,000 grant. The Conservancy completed a 1772 Foundation-funded feasibility study last year, has secured matching funds to start its new revolving fund, and has several “revolving fund-ready” projects in the pipeline.

In addition to its grants to HPRPs, The 1772 Foundation also awarded a grant to the National Main Street Center to offer training in real estate finance and deal structuring for staff of Main Street revolving funds. This training is of proven value to preservationists in the field and indicates to grant reviewers that applicants have the necessary knowledge and skills to become involved in real estate work. Following the coursework, Main Street program directors will be prepared to take more direct action to protect their downtowns’ historic buildings.