RAISING THE BARRE: THE CAMPAIGN FOR PENNSYLVANIA BALLET
Financial Stability
Campaign Goal: $4,850,000
With five consecutive annual operating surpluses and a commitment to fiscal discipline, the Ballet's pressing financial issues have been addressed. The Ballet's financial future, however, must be secured. If the Ballet is to achieve and maintain a position in the forefront of American companies, it must significantly strengthen its financial base.
What will this take? Established standards for non-profit organizations call for an operating reserve equal to 10 percent of the annual net operating budget and for an endowment equal to at least 100 percent of that budget.
Our goal – $4.85 million – accounts for nearly half the Campaign's overall goal of $10 million. But by providing a financial safety net and steady stream of income, it is an investment that will continue to pay dividends for generations to come.
*Campaign gifts of $2,500 to $25,000 from individual donors will be matched dollar for dollar by the Independence Foundation, up to a total of $500,000. A donor who makes a $25,000 gift to the Campaign will receive a $25,000 match and be recognized at the $50,000 giving level.
For more information about how you can participate in the Campaign and join the ranks of our many generous Campaign Supporters, please contact Hilary Alger at 215.551.7000, extension 1208 or halger@paballet.org.
Make a gift to the Campaign using our secure online donation form.
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