The funding includes a $1 million endowment gift and $250,000 in support of the museum's greatest needs between now and its slated opening in March 2022. The museum's exhibitions and programming are in the final stages of development.
"Creating a sustainable institution is essential, and building our endowment is part of our plan to do so," said IAAM chief operating officer Elijah Heyward III. "Over its ninety-six year history, the Duke Endowment has shown its wisdom in selecting investments. We are so proud to be in its distinguished portfolio."
"From its historic position on Gadsden's Wharf, the International African American Museum seeks to share the diverse stories of the African American journey, promote understanding, and provide an educational experience for visitors from the Carolinas and beyond," said the endowment's president, Rhett Mabry. "The Duke Endowment is honored to support that vision and contribute to this important endeavor."