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PHILANTHROPY NEWS DIGEST
Grants of $975,000 will go to six theaters: Theater Workshop, Playwrights Horizons, and Repertorio Espanol, all in New York City; Long Wharf Theatre, in New Haven, Connecticut; the McCarter Theatre Company, in Princeton, New Jersey; and Trinity Repertory, in Providence, Rhode Island. The following awards were also announced: $1.95 million to the Sundance Institute in Utah, $1.05 million to the American Conservatory Theatre in San Francisco, and $1.025 million to the Shakespeare Theatre in Washington, D.C. The gifts will be used to help build income-producing endowments and to provide support for new productions.
The Leading National Theatres Program was initiated by the Doris Duke Charitable Foundation specifically to help established theater companies build their endowments. In order to make grants of sufficient size, the Duke Foundation, which has assets of roughly $1.6 billion, decided to partner with the Andrew W. Mellon Foundation, which holds assets of more than $4 billion.
The program invited 16 companies that had previously received money from the Mellon Foundation to apply for grants. While all the theaters received money from Mellon, only nine were selected to receive the extra endowment funding from the Duke Foundation. The Duke and Mellon foundations also agreed to provide funding to smaller, less established theaters through a $4 million grant to the Theater Communications Group for the New Generations Program.
FCnote: The Doris Duke Charitable Foundation (NY) had assets of $1,432,316,025 and made grants totaling $14,406,240 in the year ending 12/31/98.
FCnote: The Andrew W. Mellon Foundation (NY) had assets of $3,436,508,062 and made grants totaling $142,216,007 in the year ending 12/31/98.
Rosenfeld, Megan. "Shakespeare Theatre Gets $1 Million Grant." Washington Post 7/26/2000.
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