The Dallas Opera’s fiscal position took an extraordinary turn for the positive today after it was announced the company has met a two year challenge set forth by an anonymous donor. Pleasingly, the Dallas Opera exceeded the $10 million figure set out for new gifts by $4 million. Whilst in Dallas a few weeks back, COMMANDOpera met with General Director Keith Cerny to discuss a wide range of issues for an article which may be found here. The article makes for an interesting re read at this moment. Here is an excerpt from the Dallas Opera bulletin.
‘The Dallas Opera has achieved yet another major milestone in its quest for long-term financial stability by raising $20 million for the company’s “Cultural Renaissance Endowment Fund.” A total of $10 million in new cash donations for the endowment over a two-year-period ending October 31, 2011, triggered a $10 million matching gift from an anonymous donor. Exceptional donations from the Hamon Charitable Foundation, Linda and Mitch Hart, Joy and Ronald Mankoff, Mrs. Eugene McDermott, Phyllis and Tom McCasland, and Margot and Ross Perot/The Perot Foundation helped lift the company above the all-important $10 million mark to qualify for the match. Other major contributors included Charron and Peter Denker, The Rosemary and Roger Enrico Foundation, Amy and Vernon Faulconer, Enika and Richard Schulze, James R. Seitz, Jr., and Marnie and Kern Wildenthal.The “Cultural Renaissance Endowment Fund” was begun in late 2009 to support the Dallas Opera’s efforts to achieve fiscal balance and long-term stabilization of the company’s finances, while enhancing artistic quality’.