The Old Globe Announces $75 Million Campaign
“Securing a San Diego Landmark,” the Globe’s five-year fundraising campaign was launched in March 2006 to raise $75 million before the theatre’s 75th Anniversary in 2010.
The announcement was made at a special event for Globe donors and friends by Executive Director Louis Spisto, Artistic Director Jack O’Brien and Campaign Chairs Harvey P. White and Karen Cohn.
These campaign gifts are designated for specific purposes, such as facilities construction or endowment to secure the Globe’s long-term stability by raising:
- $22.5 MILLION TO INCREASE THE ENDOWMENT, ensuring the long-term financial health of the organization and the continued extraordinary level and variety of Globe productions;
- $20 MILLION TO SUPPORT THE CONSTRUCTION OF NEW FACILITIES, including a new second theatre and a new education center;
- $32.5 MILLION over the next five years, which includes $12.5 million DESIGNATED FOR MAJOR NEW INITIATIVES including the commission, development of new works and education programs. Also to generate enhanced levels of the contributed operating funds needed to provide a reliable source of support for annual programs as the endowment grows.
The Old Globe has already secured 59% of the goal in the initial phase of the campaign, which has generated over $52 million through pledges from Globe Board members and other community leaders.
For information, please contact Todd Schultz at (619) 231-1941 x2310 or e-mail tschultz@TheOldGlobe.org
