The Rep's bluelight special | Arkansas Blog

Friday, December 19, 2008

The Rep's bluelight special

Posted By on Fri, Dec 19, 2008 at 5:06 PM

The Kresge Foundation, a product of the retailing fortune that built K-Mart, has made a $600,000 challenge grant to the Arkasas Repertory Theatre's capital campaign.

Say, isn't there another discount store fortune in these parts that might pitch in? That is if it could take time off from wrecking the Little Rock School District. Maybe if The Rep would call itself a charter school, it could nab a million or so, too.

Arkansas Repertory Theatre is proud to announce it has received a major challenge grant from Kresge Foundation of Detroit, Michigan. The grant, awarded very selectively to nonprofits in communities in the United States and around the world, is worth $600,000 to The Rep’s capital campaign, REPrise.

“The Rep is honored to receive this gift, and this powerful vote of confidence in our project, from Kresge Foundation,” says The Rep’s Producing Artistic Director Robert Hupp.

To date, REPrise has raised $3.75 million dollars toward its goal of $6 million. The “challenge” of the Kresge Foundation grant means The Rep need only raise $1.65 million in additional gifts and then Kresge Foundation caps off the campaign with the final 10%, or $600,000. Kresge Foundation allows its grant recipients 12 months to raise the necessary funds. Therefore, donors to the campaign now should consider that dollar to the campaign helps The Rep earn the significant Kresge Foundation gift.

Additionally, REPrise just achieved the “Murphy Match” of $500,000, donations to the campaign then matched by a generous gift from Chip and Cindy Murphy.

“We are so appreciative of the generosity and support of the many individuals, corporations and foundations that are making REPrise a success,” says Hupp.

Gifts to REPrise are fully tax-deductible and may be made by calling 378-0445 x 203. Gifts of any size are welcome; naming opportunities begin at $10,000. Gifts to the “Take a Seat” campaign, where donors may name seats in the theatre in honor or memory of loved ones, may be made by calling or online at www.therep.org. Seats range from $250 to $5,000.

About Kresge Foundation:
Founded in 1924 by retailer Sebastian Spering Kresge (K-Mart) and now valued at $3.5 billion, the Foundation is one of the nation’s largest philanthropic organizations. Over the years, the Kresge Foundation has helped build the nation’s nonprofit infrastructure—libraries, community centers, schools, hospitals, art museums, food banks and countless other facilities.

Kresge believed charitable giving was a natural response to his success in business. He was most interested in supporting “organizations whose object is to promote the well being of mankind.” A core program evolved over time that focused on opportunities to strengthen nonprofit leadership and private giving through challenge grants for capital projects.

For more information, please visit www.kresge.org

About REPrise:
REPrise is a $6 million capital campaign launched in July, 2007 by Arkansas Repertory Theatre to enhance theatre patron amenities, expand arts education opportunities, enliven the artistic experience and invigorate the Theatre’s presence on Main Street.

Two phases of the campaign’s work have already been accomplished: the complete renovation of The Rep’s actor housing in downtown Little Rock, and the acquisition of a scenic shop space, also in downtown Little Rock.

For more information, please visit www.therep.org

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