A Student of History

June 24, 2006

$10,000,000 for Historic Preservation

Filed under: Historic Places — John Maass @ 5:40 pm

Two Preservation Groups Selected to Receive Gift Over Five Year Period: National Trust for Historic Preservation and World Monuments Fund

    NEW YORK, June 14 /PRNewswire/ — American Express today announced a $10 million, five-year commitment to historic preservation and the launch of the American Express(R) Partners in Preservation program, expanding the
Company’s focus on securing the use of cultural assets for the future. The American Express Partners in Preservation program builds upon the Company’s decade-long relationship with the World Monuments Fund (WMF) and establishes a partnership with the National Trust for Historic Preservation. The program is dedicated to preserving sites both in the U.S.
and around the world.
    “Both the World Monument Fund and the National Trust are valued experts in historic preservation and, like American Express, each recognizes the vital importance of preserving historic sites for future generations,” said Kenneth I. Chenault, chairman and chief executive, American Express.
“American Express is pleased to acknowledge two such worthy organizations as partners in our continued effort to preserve the world’s cultural assets.”
    American Express’ partnership with the National Trust seeks to increase public awareness of the importance of historic and environmental conservation in the United States, preserve American historic and cultural landmarks, and strengthen local communities through preservation efforts.
The National Trust is a U.S. nonprofit organization dedicated to protecting and restoring America’s historic landmarks and communities.
    American Express continues to extend its decade-long relationship with the WMF through a renewed commitment to preservation. Based in New York, WMF is the foremost private nonprofit organization dedicated to preserving the world’s cultural and architectural heritage. American Express is the
founding sponsor of WMF’s World Monuments Watch program, established in 1995 to call international attention to and ensure the preservation of cultural heritage sites around the world threatened by neglect, vandalism, armed conflict, or natural disaster, and has contributed more than $10 million over the past ten years to help preserve 119 historic sites in 59 countries placed on the World Monuments Watch list of 100 Most Endangered Sites.
    “It is hard to imagine a company that has demonstrated a stronger, more generous commitment to historic preservation than American Express,” saidRichard Moe, president of the National Trust. “We’ve been proud to work with the Company on several occasions in the past, and we’re honored to be
a partner in this new exciting initiative. I believe it can make a real difference in preserving the irreplaceable places that tell America’s story.”
    American Express has also supported National Trust for Historic Preservation initiatives, including the Save America’s Treasures and Heritage Tourism programs. Last year, the Company assisted WMF and the National Trust with a $200,000 grant for their joint efforts to help save the devastated Gulf Coast in the wake of the 2005 hurricanes.
    “The World Monuments Fund is very pleased to continue our partnership with American Express, which has been such a committed supporter for more than ten years,” said Bonnie Burnham, president of the World Monuments Fund. “Heritage preservation is a critical issue, now more than ever before, as significant sites around the world are exposed to ever-increasing threats, both manmade and environmental. We are grateful to American Express for its strong support for and its championship of our projects, and we look forward to many more years of working together to save our shared cultural heritage across the globe.”
    Through the American Express Partners in Preservation program, American Express will provide $5 million for each partner dedicated to preservation projects. The initial distribution of funds for the National Trust and WMF will be announced in the coming months. “We are committed to preserving the world’s most precious and significant landmarks and the history that accompanies them,” said Chenault of American Express. “By making a significant pledge to both the National Trust and the World Monuments Fund over the next five years, American Express can help ensure future generations will have opportunities to experience the history and beauty of our past.” American Express Honored for Preservation Efforts
    On June 13, at its fourth annual Restore America Gala held in Washington D.C., the National Trust for Historic Preservation honored American Express Company for its commitment and dedication to preservation efforts to cultural assets and historic landmarks. Alfred F. Kelly, Jr., Group President, accepted the award on behalf of American Express.

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