Wednesday, January 4, 2012

Atlanta Ballet receives $2 million grant

Posted By on Wed, Jan 4, 2012 at 1:51 PM

The Atlanta Ballet's starting off 2012 with an extra $2 million thanks to the Goizueta Foundation, reports Maria Saporta for the Atlanta Business Chronicle. It is the second largest grant the company has ever received and puts it within reach of its $18.5 million fundraising goal.

From the ABC:

The Goizueta gift will help the Atlanta Ballet implement two primary objectives of its strategic plan — $1 million will go towards helping support the Ballet’s internal capacity initiative to help pay for emergencies as well as routine maintenance; and the other $1 million will establish a cash reserves fund, which will serve as a line of credit for the company.

... The Goizueta Foundation has been a longtime supporter of the Atlanta Ballet. In 2002, it gave the Atlanta Ballet a grant to create a Hispanic outreach initiative with the Latin American Association. More than 1,000 students have been served by that program.

The financial stability of the Atlanta Ballet is much stronger today than it was five years ago when it had to resort to taped music rather than having a live orchestra.

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