$20 Million Donation to Dance at the Music Center
Glorya Kaufman's gift is among the largest endowments ever made to Los Angeles' Music Center and its resident companies.
Rountree said the Music Center dance program already had a modest endowment of $400,000 from various charitable foundations. When that is added to the $20 million, he said, the endowment should generate about $1 million a year in income.
Presenting a dance season of five or six companies a year, Rountree said, costs about $1.5 million. Although the Music Center will still have to raise $500,000 a year, he said, the gift "will allow us to plan dance over a longer horizon."
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