Anonymous donor supports 46-year-old nonprofit by encouraging others to donate; will match new donations and gift increases
MILL VALLEY, CA—Marin Theatre Company’s artistic director Jasson Minadakis, managing director Michael Barker and Board of Directors’ Development Committee chair Fred Taylor, all residents of Mill Valley, announced on June 3, 2013, that the company received a two-year $350,000 challenge grant from an anonymous Marin couple. The grant will match dollar-for-dollar all donations from supporters who have not previously contributed to MTC. The grant will also match each dollar given above the amount a returning donor gave in 2012. Gifts doubled by 2012 donors will be matched in full, doubling the impact of their contributions.
“Whether it’s staging a remarkable production of the highest quality, helping contemporary American playwrights develop new work, or bringing live theater to thousands of young people each year,” said Barker, “everything that Marin Theatre Company does is made possible by our loyal supporters. Their generosity of support in time and treasure makes possible world-class theater productions and educational programs right in our back yard here in Mill Valley. We are very grateful for our anonymous donor to invest in our company in a way that encourages others to deepen their support.”
Based in Mill Valley, MTC is a 46-year old 501(c)3 nonprofit theater with an annual expense budget of $2.9 million in FY 2012. Earning revenues of $3.0 million during that same fiscal year, the company received 52% of its income from contributed sources like individual donations, foundations, corporations, governments, donated services and materials, and special events – with just over half of that (54%) being from individual donations alone. FY 2012, which ended on June 30, 2012, was the fourth year in a row that MTC ended its season with a revenue surplus.
