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Posts Tagged ‘ingram family’

Finances for RV/MH Hall of Fame Museum Improve

May 2nd, 2014 Comments off

Reporting on the RV/MH Heritage Foundation in Elkhart, Indiana, Hall of Fame President Darryl Searer says, “From August 1, 2013 through April 30, 2014, the Foundation has made significant improvements in its financial obligations and has made some major changes in its display area, gift shop and exhibitor booth area.” He says the foundation is up to date on the interest payments for the $600,000 loan for the Woodworth’s antique RV (recreational vehicle) collection, and one year ahead of the principle payment of $50,000. In addition, the obligations to the Ingram Family loan have been met, according to RVBusiness.com. Income from the Northern Indiana Event Center has risen from $76,000 to $163,500 in the past nine months, and revenues have risen by 65 percent for the catering program. The gift shop has been updated, and new historic camper and RV units have been added to the museum, as MHProNews.com has learned, as well as a new manufactured home from Fairmont Homes. ##

(Photo credit: RVBusiness.com–RV/MH Hall of Fame Museum)

Last Minute Donations Tip the Scale

May 1st, 2013 Comments off

MHProNews has been informed by a special report the RV/MH Hall of Fame Museum’s “Burn the Bank Note” fundraiser succeeded in raising the final $20,000 with only hours to spare to meet the April 30 deadline, thereby satisfying the Ingram family’s $50,000 challenge grant. Darryl Searer, president of the Hall of Fame Museum, says two people stepped up, one with $15,000 and one with $5,000. He says, “The Ingram’s had offered a $50,000 challenge grant if supporters of the Hall could raise contributions totaling $150,000 by April 30, 2013–and we did. As soon as the Ingram’s check arrives, the bank loan will be retired with a blazing ‘Burn the Bank Note’ ceremony.” The museum is located in Elkhart, Ind.

(Photo credit: RVBusiness–RV/MH Hall of Fame Museum in Elkhart, Ind.)

RV/MH Hall of Fame Nears Goal

April 3rd, 2013 Comments off

In honor of Fleetwood Enterprises founder John C. Crean, the Crean Foundation has donated $60,000 to the RV/MH Hall of Fame’s “Burn the Bank Note” initiative to raise $150,000 by April 30, 2013, according to information MHProNews has received. The Robert “Boots” Ingram’s family challenge grant of $50,000 requires the Hall to raise $100,000. Combined with other recent donations, the Hall needs just under $30,000 to reach the challenge by the deadline, and pay off the 1st Source Bank note by May 1. A $10,000 donation came from Lyle D. & Nellie R. Reed Charitable Foundation to honor the memory of Clarence Fore, founder of Foretravel; $2,000 by Ace Fogdall RV to honor the memory of its founders Ace & Florence Fogdall; and $1,000 by Michael A Schneider, MAS Associates. Hall president Darryl Searer said, “Time is running out for us to qualify for the Ingram Family’s $50.000 challenge grant. It would be a shame to leave that amount on the table and miss the opportunity to pay off our bank note.”

(Photo credit: RVBusiness—RV/MH Hall of Fame Museum, Elkhart, Ind.)

Museum Whittling away at Debt

February 25th, 2013 Comments off

The RV/MH Hall of Fame Museum in Elkhart, Ind. still has until April 30 to reach the $150,000 contribution mark to meet the Robert “Boots” Ingram family’s challenge grant that would pay off the Hall’s bank note to 1st Source Bank. Contributions so far are just under $50,000, leaving about $100,000 still to raise to meet the goal, according to Hall president Darryl Searer. The $840,000 owed less than a year ago has been reduced to below $200,000, and a countdown clock has been added to the website so visitors may track the progress, as MHProNews has learned. Says Barry Cole, chairman of the Hall’s board of directors, “We have come a long way in less than a year to bring the Hall back to the prominence it had before where donors are worry free and proud to contribute again. Much of the credit for the turnaround must go to Darryl Searer, who volunteered on a no-compensation basis to become the Hall’s president because he believed our Hall of Fame and Museum was too important to the RV/MH industries to allow it to go away.”

(Photo credit: RV/MH Hall of Fame)

RV/MH Museum Fundraiser Exceeds Goal

July 26th, 2012 Comments off

Following up on our article July 16, 2012, MHProNews has received word the RV/MH Hall of Fame and Museum has far surpassed its goal of raising $100,000 to match the Ingram family challenge in order to keep the Museum open. $10,000 short of their goal only two weeks ago, and with a month left to go, Jim Hammill, president of Roadtrek Motorhomes, Inc. of Canada contributed the $10,000 to put the challenge over the top. In addition, Derald and Wilber Bontrager of Jayco, Inc. each donated $5,000 to put the goal at 110%. This week, Thor Industries president Bob Martin presented the Hall with two checks totaling $50,000 honoring Thor co-founder Wade F.B. Thompson—$25,000 from Thor Industries, Inc., and $25,000 from the Thompson Family Foundation, Inc. Darryl Searer, president of the Hall, says, “The success of this fundraiser is a bold statement that people and companies in the RV/MH industries want the Hall to succeed and prosper. I cannot thank all of those who contributed enough for their generosity.” The total so far has hit $161,425, but Searer expects more to come in from the Brick Program promotion.

Goal 90% Complete

July 16th, 2012 Comments off

Contributions to the RV/MH Hall of Fame and Museum have reached 90 percent of the $100,000 Ingram Family Challenge Grant. When Darryl Searer, president of the Hall, asked for a couple of angels to step forward on July 3, he got his wish: Roy Beck, retired co-founder of The Beck Corporation, and Jason Lippert, chairman of Lippert Components, Inc., each donated $10,000 and Bill Fenech, former Thor Industries executive, kicked in $5,000. With only $9,945 to be raised by the Aug. 31 deadline, Searer says, “I’m hopeful that we can reach our goal by August 6 which is the date of the Class of 2012 Induction Dinner and Annual Golf Classic. It would be a great addition to the celebration to be able to announce during those ceremonies that we have reached our goal ahead of schedule.” MHProNews.com has learned Robert ‘Boots’ Ingram got his nickname from wearing oversized boots when he was a child working in his father’s meat shop.

(Photo credit: TrailerLife–Robert ‘Boots’ Ingram)

Over $62k has been Raised

July 3rd, 2012 Comments off

RVBusiness reports the RV/MH Hall of Fame & Museum has garnered $62,740 since the initiative began May 1 in its fundraiser goal to meet the Ingram family’s $100,000 Challenge Grant. June donations totaled $6,800 including $2,750 in the Hall’s “Walk of Fame” Brick Program donations. Darryl Searer, president of the Hall, says, “Even though contributions ranging from $5 to $2,500 continue to come in, we will need an ‘angel’ or two who will follow the example of Marcus Lemonis (chairman of Camping World Inc. and Good Sam Enterprises LLC) and Don Wallace (co-founder of Lazydays RV Super Center) who each donated $25,000.” The additional $37,260 needs to be raised by Aug. 31 to meet the Ingram’s challenge and pay down the loan at 1st Source Bank. MHProNews has learned tax deductible donations can be made through the Hall’s website www.rvmhhalloffame.org

(Photo credit: RV/MH Hall of Fame Museum)

Museum Seeking more Contributions

May 9th, 2012 Comments off

As follow up to a story we last covered March 16, 2012, RVBusiness tells MHProNews.com the RV/MH Hall of Fame and Museum in Elkhart, Indiana has initiated a new campaign to raise $100,000 by Aug. 31 to reduce its $200,000 bank loan with 1st Source Bank. The Boots Ingram family has issued a $100,000 challenge grant that will essentially cut the loan in half. Darryl Searer, president of the RV/MH Heritage Foundation, said, “The Ingrams continue to show their support for the Hall, and their generosity in making this challenge should inspire everyone concerned about the long-range health of our wonderful facility to pitch in and help.”

(Photo credit: RV/MH Hall of Fame and Museum)

RV/MH Museum Gets another Reprieve

March 16th, 2012 Comments off

The RV/MH Hall of Fame and Museum in Elkhart, Indiana has re-structured millions of dollars of debt to give it more time to pay the $4 million it owes to 1st Source Bank and the family of the late Robert “Boots” Ingram, according to The Elkhart Truth. WSBT tells MHProNews.com the funds were used to enlarge the facility and purchase a collection of pre-WWII vintage RVs. The re-structuring will extend the loans’ due dates and reduce the museum’s monthly payments. 1st Source lowered the interest rate, and the Ingram family forgave overdue interest payments, and has agreed to wait until the bank is paid off in 2016 before receiving payments or interest on its loan. Additionally, the Ingram family will match any individual contributions up to $100,000 raised before Aug. 2012. While the re-structuring will provide a temporary cushion, the Museum owes a $90,000 sewer bill to the city of Elkhart, which the city had held off pursuing. See previous story from Dec. 26, 2011.

(Photo credit: RV/MH Hall of Fame and Museum

RV/MH Hall of Fame Museum Still Going

December 26th, 2011 Comments off

RVTimes tells MHProNews.com the RV/MH Hall of Fame Museum in Elkhart, Indiana, has managed to keep its doors open despite a debt of nearly $5 million as of last April when Tom McNulty took the reins as executive director. He says, “There are some good things happening and actually our cash flow is better than it’s been in a couple of years. Attendance during the summer was 100 to 150 people a day and we are seeing greater returns from our convention center.” Noting that while continuing to operate in the red, he adds, “At times we think we see the light at the end of the tunnel, but then someone turns off the switch. It’s very frustrating to say the least.” The museum has a $900,000 line of credit with First Source Bank. The family of the late Boots Ingram, who founded Teton Homes, loaned the museum $3.1 million. Both loans were made when the economy was in better shape. Bill Garpow, chairman of the Hall of Fame, says discussion is ongoing with the Ingram family to help resolve the debt, and the convention center already has $100,000 in bookings for 2012. He notes, “The good news is that it’s hard to find anybody that doesn’t say we need the hall, that we need to support it, that it’s a good endeavor. That tells me that if people start feeling better about their situation, then our situation could also improve.”

(Photo credit: RV/MH Hall of Fame Museum)