Perseverance nears endowment goal
JUNEAU -As of Monday evening, Perseverance Theatre was $4,795 away from completing the second phase of its endowment campaign.
The Douglas theater has until Jan. 31 to raise $150,000 as part of a matching grant opportunity with the Doris Duke Charitable Foundation in New York City.
In 2002, the foundation recognized Perseverance as one of several leading theaters in the nation. As part of the honor, it offered a $500,000 endowment challenge grant. If Perseverance could raise $500,000 in three phases over three years, Doris Duke agreed to kick in $500,000 more to build the theater's endowment fund.
Perseverance is the smallest of the seven theaters to receive the matching grant opportunity. Each of the other theaters has a budget at least 10 times the size of Perseverance's, Jeff Herrmann said.
Perseverance raised $150,000 to complete the first phase in January 2004. The city of Juneau gave $50,000 and The William Randolph Hearst Foundation in San Francisco added $100,000.
The theater began the second phase, another $150,000, in February 2004. Sen. Ted Stevens helped contribute $50,000 in federal funds. The local community has given $95,205. Twenty-six people have given $1,000 or more. The largest contribution was $10,000.
"We're seeing a lot of new donors, which is terrific," Herrmann said. "It's been a lot of $100 and $200 checks, which is great. It just shows the incredible support that the community has for the theater."
In the third phase, Perseverance will have to raise $200,000 before March 2006.
"We're looking at corporate and foundation sources to raise that amount of money," Herrmann said.
The endowment fund will "function as a permanent fund" for the theater, Herrmann said. It will pour between $50,000 and $60,000 each year into the operating budget.
"What it means, essentially, is that Perseverance will exist in some form forever," Herrmann said. "It really secures our future."
Munro retrospective opens in Anchorage
JUNEAU - Juneau painter Alan Munro has a solo retrospective show this month at Alaska Pacific University's Grant Hall Gallery in Anchorage.
"Polysemy Southeast" opened with a reception on Friday evening, Jan. 7, and runs through Jan. 30.
© 2017. All Rights Reserved. | Contact Us