Favorite local rep the American Conservatory Theater (ACT, or A.C.T.) has successfully raised $30 million to fund their endowment. Right on.
Prior to this effort, ACT had no endowment. Among other things, endowment income is planned to fund improvements to their Geary theater, expand their show offerings, provide a scholarship to their MFA program, and endow an acting position in the core company. (See mention in the SFist.)
I'm looking forward to all of that!
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