MALTZ JUPITER THEATRE
MEETS FIRST CHALLENGE
FOR $10 MILLION ENDOWMENT
Theatre meets goal for a three-to-one matching challenge from the Maltz Family Foundation
June 1, 2012 (Jupiter) – The Maltz Jupiter Theatre is advancing toward a bright future by building a $10 million endowment.
The not-for-profit Theatre met its first three-to-one matching fundraising challenge two months before its official deadline, paving the way to receive an exceptional gift of $7 million from the Maltz Family Foundation to secure a $10 million endowment.
Multi-year pledges and gifts to the endowment now exceed $2.5 million – the amount the Theatre was challenged to raise by June 30, 2012. Added to an existing $500,000 and awarded the $7 million match, the endowment will total more than $10 million.
“There was an overwhelming response from the community. These generous gifts ensure that our Theatre will continue to thrive,” said managing director Tricia Trimble, also serving as the endowment’s president. “I am extremely thankful to Milton and Tamar Maltz for offering the triple match, and to the endowment’s steering committee, whose members have been paramount in accomplishing this feat.”
This amount is in addition to the $1.8 million that must be raised each year to support the Theatre’s operations.
“This Theatre is a unique and vital organization to the region, and we want to make sure it has the stability to flourish for many years to come,” said Milton Maltz, founder and chairman of the Theatre’s board of directors. “We are overjoyed at the outpouring of support for the endowment.”
The endowment is being managed by a separate 501(c)3 not-for-profit organization – the Maltz Jupiter Theatre Endowment – with the sole purpose of investing funds and supporting projects that will secure the Theatre’s future. Harvey Golub, former CEO and chairman of American Express, is the chairman of the endowment board. Members of its board include Milton Maltz, Joan Bildner and Gretchen Johnson.
“Like any nonprofit theatre, ticket sales and subscriptions are never enough to sustain operations. An endowment will provide the Maltz Jupiter Theatre with the opportunity to dream big, plan wisely and have the financial resources to provide a rich cultural life for our community,” said Harvey Golub, endowment board chairman.
Now, all pledges must be paid to receive the full $7 million.
To be part of this momentous occasion and secure the future of the Theatre, donations and pledges are still being received. The Theatre will construct an Endowment Donor Wall this summer, and supporters above the $5,000 level will be invited to the unveiling in the fall.
About the Maltz Jupiter Theatre
In only nine seasons, the not-for-profit Maltz Jupiter Theatre has become one of Florida’s preeminent professional theatres, committed to production and education through its collaborations with local and national artists. Currently the state’s largest award-winning regional theatre, the Theatre draws over 70,000 people annually, serves a subscription base of more than 7,000 and has world-class classroom facilities in support of its Paul and Sandra Goldner Conservatory of Performing Arts, which serves hundreds of youth and adults. The Theatre is a member of the prestigious League of Resident Theatres and has earned numerous Carbonell Awards, South Florida’s highest honor for artistic excellence. For more information about the Theatre’s upcoming shows and Conservatory, visit www.jupitertheatre.org or call the box office at (561) 575-2223.
Linnea Brown (561) 972-6132