National Trust for Historic Preservation Head to Retire
"When Moe came to the trust in 1993, it had an annual budget of $29.2 million, a substantial portion of which came from the federal government. After watching the organization's time and resources consumed in regular battles to preserve that money -- Tom DeLay led a failed effort to zero out the trust's appropriation in 1995 -- Moe decided to wean his group from federal support. It was a bold move, and it signaled a larger cultural change.
'We are now much more creative, much more entrepreneurial,' says Moe, who broke the news officially to his staff Tuesday afternoon. Despite the loss of $7 million in annual government funding, the trust's budget grew, to $55 million, and Moe spearheaded two capital campaigns that saw the trust's endowment rise from $33 million to $232 million at the height of the economic boom in 2007."