Goal: $4 million
To have the resources to grow, and attract major support from foundations and other investors, Pennsylvania Ballet must strengthen its balance sheet. The Ballet is working to build its assets, which have been greatly diminished by the economic downturn, to the point where asset levels meaningfully exceed liabilities.
With seed money from the William Penn Foundation, Pennsylvania Ballet has established a cash reserve of $450,000. Ultimately, the Ballet plans to increase the reserve to $2 million, a sum that will provide strong operating cash flow and minimize risk during economically challenging times.
"We have chosen to invest in helping to capitalize the Company because we know that a fiscally strong Ballet will continue to dazzle audiences for decades to come."
— Jeremy Nowak, President, William Penn Foundation
Donate to the Capital Campaign
For more information or to contribute to the Campaign, please contact Hilary Alger, Director of Development.
215.587.6912
halger@paballet.org