Cobalt has advised Sugihara House Museum on setting up the Tangible Capital Fund.
According to Cobalt, "the untouchable capital (endowment) fund will aim to create an independent passive income stream that will contribute to the future of the museum and enable sharing the stories and values of Chiune Sugihara, Jan Zwartendijk, and other diplomats who saved lives during World War II. The fund will invest accumulated assets and use stable returns to maintain and expand the Sugihara House Museum and to finance social projects."
“The establishment of this untouchable capital (endowment) fund is an investment in the museum’s future, and we aim to ensure that the funds donated by our supporters will not only help the museum to survive but will also contribute to the creation of a sustainable funding system in the long term," commented Chairman of the Board of the newly established fund Saulius Garbaravicius.
According to the firm, the Sugihara House Museum features a "variety of exhibitions that tell the personal stories of those who were rescued, the daily lives of refugees, and the help by diplomats."
The Cobalt team included Partner Eva Suduiko and Senior Associate Giedre Burdulyte.
