The project will be entirely funded through private sources and does not require any city or state money. NRF has provided seed money to complete the design phase. Funds have been pledged by the Doris Duke Charitable Foundation and the van Beuren Charitable Foundation, as well by other private donors.
Formed in 2010 as an independent, private foundation with 501(c)(3) tax exempt status, the Doris Duke Monument Foundation (DDMF), is an offshoot of the Newport Restoration Foundation (NRF). DDMF is administered in parallel with the NRF staff and board. It is raising funds for the project at Queen Anne Square through a combination of private and foundation support for both construction and future maintenance. The DDMF will become a self-supporting friends’ organization which will oversee maintenance and administration for the park in the future.
