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Old Globe Launches $75 Million Campaign

Jacob Coakley • Theatre Buzz • April 3, 2007
SAN DIEGO, CA — On March 16, 2006, the Old Globe Theatre in San Diego, Calif., announced the launch of a five-year fundraising campaign, “Securing a San Diego Landmark,” aiming to raise $75 million by 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.

SAN DIEGO, CA — On March 16, 2006, the Old Globe Theatre in San Diego, Calif., announced the launch of a five-year fundraising campaign, “Securing a San Diego Landmark,” aiming to raise $75 million by 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.

Said Spisto, “The campaign will help secure the Globe’s future through a strengthened endowment, new facilities and operating funds.”

The goal of the $75-million capital and endowment campaign is to ensure the Globe’s long-term stability by raising:

$22.5 million to increase the endowment, ensuring the long-term financial health of the organization;

$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 new initiatives that expand and build upon current artistic projects, including the commission and 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 55% of the goal in the initial phase of the campaign, which has generated more than $41 million through pledges from Globe board members and other community members.

Some of the major donations include:

A gift of $20 million from Donald and Darlene Shiley. In recognition, the stage of the Old Globe Theatre will be known as the Donald and Darlene Shiley Stage, while the name of the theatre will remain the Old Globe Theatre.

A $10 million donation from Conrad Prebys, which will be used to fund the facilities expansion program, including the two-theatre complex encompassing the Old Globe Theatre, a new second theatre and a new education center. This two-theatre complex will be named the Conrad Prebys Theatre Center.

A $5 million gift from Karen and Donald Cohn, which will be designated for facilities and education programs. The new education facility will be named the Karen and Donald Cohn
Education Center.

A $3 million gift, designated for facilities and endowment, from Globe Board Chair Kathryn
Hattox. In recognition of this gift, the Globe’s upper lobby, which is scheduled to be renovated during construction, will be named the Kathryn Hattox Lounge.

A $1 million gift, designated for endowment, from Sheryl and Harvey White. In recognition of this gift and of their $5 million gift made in 2000 (not included in the $41 million campaign total) that gave life to this campaign, the new second theatre will be named the Sheryl and Harvey
White Theatre. The stage of this theatre will retain the name Cassius Carter.

A $500,000 gift from Deni and Kenneth Carpenter designated for operating expenses in order to help maintain Globe productions as the endowment builds.

A major aspect of the capital portion of the campaign is the creation of a new education center that will allow the Globe to significantly expand its education programs, such as the bilingual, bi-national Romeo y Julieta Project and its touring production of Androcles and the Lion, and serves more than 40,000 young people annually. However, due to lack of adequate facilities, education programs on site have been limited. The new education center, which will include a 2,000-square-foot performance and training space and an adjacent classroom/rehearsal room, will create opportunities for on-site education programs, performances for young people, MFA training and workshops, family programming, artist training and new play development.

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