Montgomery History, the county’s historical society since 1944, has announced a $1 million gift from publisher and philanthropist Knight Kiplinger to launch its capital campaign for a new Montgomery County History Center in downtown Rockville.

Kiplinger, whose family is known for its nationally recognized financial publications and has deep roots in the region, called the project a once-in-a-lifetime opportunity as both the nation and Montgomery County prepare to celebrate their 250th anniversaries next year. He noted that great places like Montgomery County deserve great spaces to honor and explore their history.

Earlier this year, Montgomery History purchased the former Farmers Banking and Trust building at 4 Courthouse Square for $1.75 million. The three-story Art Deco landmark, which is listed on the National Register of Historic Places, will be transformed into the new Montgomery County History Center. The facility will include exhibit galleries, lecture and reception spaces, a studio for recording oral histories and podcasts, and a home for the organization’s historical library.

The total cost of the project is estimated at approximately $8 million, covering the acquisition, restoration, design, permits, and additional related expenses. The capital campaign will be supported through private donations, state and county funding, grants, and the sale of existing assets. Montgomery History expressed thanks to Senator Cheryl Kagan, Senator Craig Zucker, Delegate Julie Palakovich Carr, County Executive Marc Elrich, and the County Council for championing the effort and helping to move the project forward.

To expand its philanthropic reach, Montgomery History has partnered with the Potomac Community Foundation, an organization dedicated to uplifting historically marginalized Black communities in Montgomery County. The partnership reflects a shared commitment to preserving and presenting the full breadth of the county’s history. Executive Director Matt Logan emphasized the importance of the work, saying that at a time when aspects of history are being erased in parts of the country, Montgomery County remains committed to gathering and showcasing all history and all truth. He added that the project marks the next significant step in the organization’s evolution as the steward of the region’s most valuable documents and artifacts.

Montgomery History is providing updates on the project at montgomeryhistory.org/montgomery-county-history-center. Questions may be directed to Director of Development Brenna Ryan at 301-340-2825 or BRyan@MontgomeryHistory.org.

Montgomery History has served residents since 1944 through its research library, educational programs, publications, exhibits, and conferences. As the only organization dedicated to the entire scope of Montgomery County’s history, it plays a unique role in fostering a shared sense of place and building stronger, more connected communities. The organization’s current headquarters is located at 111 W. Montgomery Avenue in Rockville.