Yerkes Future Foundation to Own Yerkes Observatory

Joint Press Release – Today – University of Chicago and Yerkes Future Foundation

The University of Chicago and the Yerkes Future Foundation (YFF) are pleased to announce an agreement in principle for transfer of ownership of Yerkes Observatory and related property located in Williams Bay, Wisconsin to the Yerkes Future Foundation. Over the next several months, both organizations will be working closely on all aspects of the proposed transfer. Additional information will be made available as appropriate.

YFF’s objectives include restoration and refurbishing of the telescopes and building, reopening the space for visitors and establishing educational, research, seminars and various additional opportunities for students, astronomers, astrophysicists and others. Students and faculty in the University of Chicago’s Department of Astronomy and Astrophysics have continued to do educational and research work at Yerkes Observatory in the past year. The transfer to YFF will mark the conclusion of the University’s historic affiliation with Yerkes, allowing the University to make further investments in the future of the field, including projects such as the Giant Magellan Telescope.

Both the University and YFF would like to express their appreciation for the support shown by the Yerkes family, the Village of Williams Bay and many educators and scientists. 

New Initiative to Save Yerkes Observatory

Contact: Chuck Ebeling

262-581-6229 ceebeling@hotmail.com

 

Press Points – Saving Yerkes Observatory– May 2, 2018

 

1. A new foundation, the Yerkes Future Foundation (YFF), today sent an “Expression of Interest” letter to David Chiaro, associate VP of the University of Chicago, indicating that concerned citizens of the Geneva Lake areas have come together as a cohesive organization with the desire to work with the university regarding the transfer of ownership of Yerkes Observatory, including its contents and associated land. The university had previously announced it plans to close Yerkes on Oct. 1, 2018 and is open to proposals regarding its future.

 

2. The chair of YFF is Dianna Colman, a local Geneva Lake area resident, who heads a group of founding members.

 

3. It was on this day 125 years ago that the Chicago World’s Fair of 1893 opened, and one of the displays was the revolutionary new 40-inch telescope – then and now the world’s largest operating through-the-lens telescope – which would be installed at the new Yerkes Observatory near the shores of Geneva Lake, Wisconsin, in 1897.

 

 

4. The goals of YFF are to preserve the historic features of both the observatory building and the site and at the same time make the facility open to the public, available for youth development and continuing education as a science center.

 

5. A public meeting is planned by YFF to introduce and discuss its Expression of Interest, to be held Monday, May 14, at George Williams College of Aurora University, at Williams Bay, Wisconsin, at 7 pm in the Seabury Room in Beasley Campus Center.

 

6. This proposal is being made by YFF “with a genuine concern for all aspects of the Yerkes entity but also with a deep respect for the Village of Williams Bay, its citizenry, the greater Geneva Lake community and the future, science, astronomy and architectural students who will benefit from the open and enhanced environment of Yerkes Observatory.”

 

 

7. The YFF believes an endowment of at least 10 to 15 million dollars will be needed to preserve and operate the observatory, depending on deferred capital expenses necessary to have the building and grounds meet minimum standards.

 

8. The YFF encourages the University of Chicago to give their proposal prompt and thoughtful consideration and looks forward to entering a dialog with the university leading to a good result.