DALLAS – The Belo Foundation, Belo Corp. and the A.H. Belo Corporation have announced an endowment worth $1.5 million to maintain downtown’s Belo Garden.
The money will cover annual maintenance of the 1.7-acre urban park located between Main and Commerce Streets. It opened last May.
The endowment will help ease the city’s financial obligation in park upkeep, said Amy M. Meadows, Vice President and Executive Director of the Belo Foundation.
“In cooperation with the Park and Recreation Department, we have planned this project from the outset to be a funding model for other urban parks wherein the public and private sectors join together in funding land acquisition and construction, then create endowments to provide long-term support of the park,” said Robert W. Dechard, Belo Foundation Chairman, in a statement.
Belo officials hope the money will be an additional financial resource to ensure the long-term vibrancy of Belo Garden. The endowment will be established at The Dallas Foundation, an Oak Lawn-based charity that will manage donations.
The endowment announcement was packaged with another pledge for both companies to double their donations to the restoration of Dealey Plaza. The A.H. Belo Corporation has pledged a total of $50,000 and the Belo Corp. will give $100,000.
The city of Dallas is renovating Dealey Plaza ahead of the 50th anniversary of the assassination of President John F. Kennedy.
The Belo Corp. owns and operates 20 television stations and their websites throughout the U.S., including WFAA. A.H. Belo Corp. is the parent company of The Dallas Morning News; the Denton Record Chronicle; The Providence Journal; and The Press-Enterprise, in Riverside, Calif.
The Belo Foundation, created in 1952, offers scholarships to students seeking a college education in journalism and grants for public parks and philanthropic efforts.