The Institute of Contemporary Art has completed a $50 million fund-raising campaign meant to boost its endowment, pay off a small amount of debt from the construction of its building, and support its operating budget over the next five years.

The campaign’s completion, announced to the museum’s trustees on Wednesday, marks an important step in the ICA’s effort to create more year-to-year stability. The museum’s endowment will increase from just under $10 million to $25 million. That’s still small for an institution that has a $13 million annual budget and has had around 200,000 people a year visit the Fan Pier building it opened in 2006.

“The old ICA really had no endowment,” said board president Chuck Brizius. “I think everybody knew this is where we were headed. Now that we’ve done this as a first step, we’re getting ourselves in a better position.”