News from Boston Ballet:
The company, via a release, announces "the conclusion of a comprehensive, three-year fundraising campaign that the organization launched in October of 2004. With a total of $35,789,273 in gifts and pledges received by June 30, 2007, the effort will exceed its original goal of $32.5 million.
The Campaign for Boston Ballet reflected multiple aspects of our institutional mission, as well as the need to reduce the Company’s traditional dependence on revenue earned from ticket sales and tuition.
"We set out to advance our overall fundraising capability and future planning while advancing our progress in four key areas-artistic excellence, educational initiatives, financial stability and endowment," recalled Executive Director Valerie Wilder, "We are very pleased to have reached and exceeded our goal."
The cornerstone gift of the campaign, a $3.5 million endowment bequest from the estate of Dr. Beatrice H. Barrett, stands as the largest single contribution ever received by the Company. The campaign generated four additional commitments of $1 million or more, including a challenge gift from Trustee Lizbeth Krupp and her husband, George, that will establish an endowment for the production of contemporary ballet repertoire. The solicitation of matching gifts for this endowed fund will continue beyond the official close of the campaign."