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Transcribe page 41 of 95
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39 (totalling $6,000) and caught the interest of several helpful groups. The Women's Committee of the Associates offered to help raise funds for this project but found it to be too large an undertaking. This was followed by a very generous offer from Metromedia to raise the entire amount in a national campaign. A proposed agreement is presently being reviewed. The principal features of this understanding between Metromedia and the Smithsonian are that: - Smithsonian will restore and house the carrousel by July 4, 1976, as a long term outdoor exhibit. - Metromedia has two years beginning January 1974 to raise $500,000 for the project; if the national fundraising campaign falls short of this goal, Metromedia will contribute the balance. - If more than $500,000 is raised, Metromedia may recover Smithsonian-approved out-of-pocket expenses and the cost of mementos for contributors to a limit of 45% of the fundraising goal. - Smithsonian will credit to the same fund all donations received for the project from non-Metromedia sources. (Donations of goods and services are not included.) - Metromedia may use the Smithsonian name in soliciting funds and may enlist the aid of other persons and companies, with Smithsonian consent. - Smithsonian will retain absolute control over all details of promotion. - Smithsonian will receive the names and addresses of contributors for possible future solicitation.
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