$5 Million Gift Takes RPAC Endowment Fund 'Over the Top'

Anonymous Donor Lends Support to Kimmel Center Maintenance



Apr 26, 2001, 01:00 ET from Regional Performing Arts Center

    PHILADELPHIA, April 26 /PRNewswire/ -- An anonymous donor has pledged
 $5 million to the Regional Performing Arts Center, raising RPAC's Endowment
 Fund to $10.6 million-surpassing the campaign's original goal by $600,000.
 Revenues from this major new gift will support the ongoing maintenance of The
 Kimmel Center, the dramatic, two-venue landmark that will join the Academy of
 Music under RPAC's management.
     "We are proud to announce that we have exceeded our $10 million Endowment
 Fund goal more than seven months before our December 16th Grand Opening," says
 Stephanie W. Naidoff, President of the Regional Performing Arts Center.
 "Thanks to this generous and far-sighted individual, we have achieved this
 milestone when many cultural centers open without endowments, and with a major
 portion of capital funds still outstanding.  Particularly gratifying for us is
 the spirit in which this gift was given-the donor wants to ensure the
 continued magnificence of the state-of-the-art Kimmel Center.  Such generosity
 encourages others to join in this crucial effort."
     RPAC's "bricks and mortar" fundraising effort-The Campaign to Build The
 Kimmel Center-has so far reached 95% of its $255 million goal for capital
 funds, and continues to welcome thousands of new stakeholders in the
 Philadelphia region's greatest cultural and civic undertaking.   For more
 information about The Campaign to Build The Kimmel Center, call 215-790-5321.
     Opening December 16, 2001, the new 450,000 square-foot Kimmel Center for
 the Performing Arts is located at Broad and Spruce Streets along
 Philadelphia's Avenue of the Arts.  Designed by internationally acclaimed
 architect Rafael Vinoly, The Kimmel Center will join the historic Academy of
 Music to become one of the nation's largest performing arts complexes, and
 will be administered by the Regional Performing Arts Center.  The Kimmel
 Center features the 2,500-seat Verizon Hall, a state-of-the art concert hall
 with acoustics designed by Russell Johnson, which will be the home of the
 world-renowned Philadelphia Orchestra.  In addition, the arts complex will
 host the annual seasons of the Opera Company of Philadelphia, Pennsylvania
 Ballet, American Theater Arts for Youth, Chamber Orchestra of Philadelphia
 (formerly Concerto Soloists Chamber Orchestra), PHILADANCO, The Philadelphia
 Chamber Music Society and Peter Nero & the Philly Pops(R).
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X46364475
 
 

SOURCE Regional Performing Arts Center
    PHILADELPHIA, April 26 /PRNewswire/ -- An anonymous donor has pledged
 $5 million to the Regional Performing Arts Center, raising RPAC's Endowment
 Fund to $10.6 million-surpassing the campaign's original goal by $600,000.
 Revenues from this major new gift will support the ongoing maintenance of The
 Kimmel Center, the dramatic, two-venue landmark that will join the Academy of
 Music under RPAC's management.
     "We are proud to announce that we have exceeded our $10 million Endowment
 Fund goal more than seven months before our December 16th Grand Opening," says
 Stephanie W. Naidoff, President of the Regional Performing Arts Center.
 "Thanks to this generous and far-sighted individual, we have achieved this
 milestone when many cultural centers open without endowments, and with a major
 portion of capital funds still outstanding.  Particularly gratifying for us is
 the spirit in which this gift was given-the donor wants to ensure the
 continued magnificence of the state-of-the-art Kimmel Center.  Such generosity
 encourages others to join in this crucial effort."
     RPAC's "bricks and mortar" fundraising effort-The Campaign to Build The
 Kimmel Center-has so far reached 95% of its $255 million goal for capital
 funds, and continues to welcome thousands of new stakeholders in the
 Philadelphia region's greatest cultural and civic undertaking.   For more
 information about The Campaign to Build The Kimmel Center, call 215-790-5321.
     Opening December 16, 2001, the new 450,000 square-foot Kimmel Center for
 the Performing Arts is located at Broad and Spruce Streets along
 Philadelphia's Avenue of the Arts.  Designed by internationally acclaimed
 architect Rafael Vinoly, The Kimmel Center will join the historic Academy of
 Music to become one of the nation's largest performing arts complexes, and
 will be administered by the Regional Performing Arts Center.  The Kimmel
 Center features the 2,500-seat Verizon Hall, a state-of-the art concert hall
 with acoustics designed by Russell Johnson, which will be the home of the
 world-renowned Philadelphia Orchestra.  In addition, the arts complex will
 host the annual seasons of the Opera Company of Philadelphia, Pennsylvania
 Ballet, American Theater Arts for Youth, Chamber Orchestra of Philadelphia
 (formerly Concerto Soloists Chamber Orchestra), PHILADANCO, The Philadelphia
 Chamber Music Society and Peter Nero & the Philly Pops(R).
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X46364475
 
 SOURCE  Regional Performing Arts Center