{"id":6715,"date":"2022-07-26T21:35:20","date_gmt":"2022-07-26T21:35:20","guid":{"rendered":"https:\/\/www.performingartsgc.com\/?page_id=6715"},"modified":"2022-07-26T21:43:15","modified_gmt":"2022-07-26T21:43:15","slug":"gc-pac-endowment-campaign-smashes-target","status":"publish","type":"page","link":"https:\/\/www.performingartsgc.com\/index.php\/gc-pac-endowment-campaign-smashes-target\/","title":{"rendered":"GC PAC endowment campaign smashes target"},"content":{"rendered":"\t\t
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GC PAC endowment campaign smashes target<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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$3.3 million raised is largest campaign in College Foundation\u2019s history<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\"\"<\/p>

The Garrett College Foundation\u2019s $2.5 million goal for the Performing Arts Center endowment seemed a stretch, particularly fresh off a $2.4 million campaign for the Daniel E. Offutt III STEM Center.<\/p>

And that was before<\/em> COVID.\u00a0<\/p>

Yet, despite the challenges, the Foundation has pulled off the largest capital campaign in Garrett College\u2019s history.\u00a0 The campaign, which only entered its public phase last November, has raised a record of more than $3.3 million in cash, pledges, grants, and estate gifts.<\/p>

\u201cThe $2.5 million goal did seem extremely ambitious, particularly after COVID struck,\u201d said Dr. Richard Midcap, Garrett College\u2019s president. \u201cBut the Foundation staff, their Board of Directors, and campaign co-chairs Bart and Lon Naylor never even blinked. The success of this campaign is a tribute to their vision and hard work, and to the extraordinary generosity of our community.\u201d<\/p>

Midcap noted that more than 330 gifts have been received for the PAC endowment campaign. That includes nearly 160 seat namings in the Performing Arts Center\u2019s theatre.<\/p>

More than $1.2 million has already been received in cash gifts, pledges and grant funding, along with three estate gifts totally nearly $2 million.<\/p>

Cherie Krug, executive director of the GC Foundation, said the Foundation banked on the community support for a performing arts center in Garrett County in making the decision to move forward with the campaign even after COVID struck.<\/p>

\u201cThis community has waited decades for a performing arts center,\u201d observed Krug. \u201cI was confident the community would support this campaign.\u201d<\/p>

Susie Crawford, who recently moved from chair to past chair of the Foundation Board of Directors, agreed.<\/p>

\u201cI felt this was a cause that our local community would enthusiastically embrace,\u201d said Crawford.<\/p>

Mary Callis, executive director of the performing arts center, said the endowment is intended to defray PAC programming costs.<\/p>

\u201cOperating a performing arts center is extremely costly, especially when you want to bring outstanding entertainers and presenters to a rural and sparsely populated region,\u201d observed Callis. \u201cUsing the income generated by the PAC endowment to defray costs will allow us to fulfill the PAC\u2019s mission in a fiscally sustainable manner.\u201d<\/p>

Midcap said the long-term financial support of the center\u2019s partners \u2013 Garrett County Government, Garrett County Public Schools, Garrett Lakes Arts Festival, and Garrett County Arts Council \u2013 is also a critical component of the PAC\u2019s strong fiscal position.<\/p>

\u201cThe founding partners all recognized the need to provide a sturdy financial foundation for the PAC,\u201d he said. \u201cThis is just one more example of the way Garrett Countians collaborate in order to get things done.\u201d<\/p>

Supply-chain issues delayed the PAC\u2019s scheduled opening by several months, but the facility is expected to open next month.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

GC PAC endowment campaign smashes target $3.3 million raised is largest campaign in College Foundation\u2019s history The Garrett College Foundation\u2019s $2.5 million goal for the Performing Arts Center endowment seemed a stretch, particularly fresh off a $2.4 million campaign for the Daniel E. Offutt III…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-6715","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.performingartsgc.com\/index.php\/wp-json\/wp\/v2\/pages\/6715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.performingartsgc.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.performingartsgc.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.performingartsgc.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.performingartsgc.com\/index.php\/wp-json\/wp\/v2\/comments?post=6715"}],"version-history":[{"count":4,"href":"https:\/\/www.performingartsgc.com\/index.php\/wp-json\/wp\/v2\/pages\/6715\/revisions"}],"predecessor-version":[{"id":6721,"href":"https:\/\/www.performingartsgc.com\/index.php\/wp-json\/wp\/v2\/pages\/6715\/revisions\/6721"}],"wp:attachment":[{"href":"https:\/\/www.performingartsgc.com\/index.php\/wp-json\/wp\/v2\/media?parent=6715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}